Centiva Capital LP Buys 3,039 Shares of Hovnanian Enterprises, Inc. (NYSE:HOV)

Centiva Capital LP boosted its position in Hovnanian Enterprises, Inc. (NYSE:HOV - Free Report) by 97.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,148 shares of the construction company's stock after purchasing an additional 3,039 shares during the quarter. Centiva Capital LP owned about 0.10% of Hovnanian Enterprises worth $823,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in Hovnanian Enterprises by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 180,913 shares of the construction company's stock worth $24,210,000 after acquiring an additional 602 shares in the last quarter. Bridgeway Capital Management LLC grew its stake in shares of Hovnanian Enterprises by 1.7% in the 4th quarter. Bridgeway Capital Management LLC now owns 85,956 shares of the construction company's stock worth $11,503,000 after purchasing an additional 1,461 shares during the last quarter. Foundry Partners LLC raised its holdings in shares of Hovnanian Enterprises by 24.3% in the 4th quarter. Foundry Partners LLC now owns 65,623 shares of the construction company's stock worth $8,782,000 after purchasing an additional 12,814 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Hovnanian Enterprises by 8.5% in the 4th quarter. Northern Trust Corp now owns 46,502 shares of the construction company's stock worth $6,223,000 after purchasing an additional 3,657 shares in the last quarter. Finally, Empowered Funds LLC raised its holdings in shares of Hovnanian Enterprises by 5.0% in the 4th quarter. Empowered Funds LLC now owns 30,667 shares of the construction company's stock worth $4,104,000 after purchasing an additional 1,461 shares in the last quarter. 65.40% of the stock is currently owned by institutional investors.

Hovnanian Enterprises Stock Down 3.6%

Hovnanian Enterprises stock traded down $4.00 during trading hours on Wednesday, hitting $108.42. The company had a trading volume of 16,098 shares, compared to its average volume of 80,553. The firm has a market capitalization of $642.39 million, a P/E ratio of 3.38 and a beta of 2.28. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.52 and a quick ratio of 0.34. The firm's fifty day moving average is $101.01 and its 200-day moving average is $131.04. Hovnanian Enterprises, Inc. has a fifty-two week low of $81.15 and a fifty-two week high of $240.34.

Hovnanian Enterprises (NYSE:HOV - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The construction company reported $3.58 EPS for the quarter, topping 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 company had revenue of $673.62 million for the quarter, compared to analyst estimates of $705.80 million.

Analysts Set New Price Targets

A number of analysts recently commented on HOV shares. Zelman & Associates reiterated an "underperform" rating on shares of Hovnanian Enterprises in a report on Wednesday, February 12th. StockNews.com downgraded shares of Hovnanian Enterprises from a "hold" rating to a "sell" rating in a report on Tuesday, March 18th.

About Hovnanian Enterprises

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.