Canada Pension Plan Investment Board Takes Position in Hovnanian Enterprises, Inc. (NYSE:HOV)

Canada Pension Plan Investment Board bought a new position in Hovnanian Enterprises, Inc. (NYSE:HOV - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,600 shares of the construction company's stock, valued at approximately $883,000. Canada Pension Plan Investment Board owned approximately 0.11% of Hovnanian Enterprises as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its stake in shares of Hovnanian Enterprises by 7.2% in the 4th quarter. Principal Financial Group Inc. now owns 2,383 shares of the construction company's stock valued at $319,000 after acquiring an additional 161 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Hovnanian Enterprises by 98.5% during the third quarter. JPMorgan Chase & Co. now owns 29,472 shares of the construction company's stock valued at $6,023,000 after purchasing an additional 14,624 shares during the period. Barclays PLC boosted its position in shares of Hovnanian Enterprises by 352.6% during the 3rd quarter. Barclays PLC now owns 8,274 shares of the construction company's stock worth $1,691,000 after purchasing an additional 6,446 shares in the last quarter. Range Financial Group LLC acquired a new stake in shares of Hovnanian Enterprises in the 4th quarter valued at about $764,000. Finally, Geode Capital Management LLC increased its position in Hovnanian Enterprises by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 111,942 shares of the construction company's stock valued at $22,882,000 after buying an additional 322 shares in the last quarter. 65.40% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on HOV. StockNews.com downgraded shares of Hovnanian Enterprises from a "hold" rating to a "sell" rating in a report on Tuesday, March 18th. Zelman & Associates restated an "underperform" rating on shares of Hovnanian Enterprises in a report on Wednesday, February 12th.

Hovnanian Enterprises Stock Down 0.0 %

Shares of NYSE HOV traded down $0.01 during trading on Wednesday, hitting $96.53. The stock had a trading volume of 90,396 shares, compared to its average volume of 81,188. The firm has a fifty day moving average of $101.06 and a two-hundred day moving average of $136.87. The company has a market capitalization of $571.94 million, a PE ratio of 3.01 and a beta of 2.43. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.52 and a quick ratio of 0.34. Hovnanian Enterprises, Inc. has a 12 month low of $81.15 and a 12 month high of $240.34.

Hovnanian Enterprises (NYSE:HOV - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The construction company reported $3.58 EPS for the quarter, beating the consensus estimate of $2.71 by $0.87. Hovnanian Enterprises had a net margin of 8.05% and a return on equity of 43.47%. The firm had revenue of $673.62 million during the quarter, compared to analyst estimates of $705.80 million.

Hovnanian Enterprises Company Profile

Hovnanian Enterprises, Inc, through its subsidiaries, designs, constructs, markets, and sells residential homes in the United States. It offers single-family detached homes, attached townhomes and condominiums, urban infill, and active lifestyle homes with amenities, such as clubhouses, swimming pools, tennis courts, tot lots, and open areas.