Hovnanian Enterprises, Inc. (NYSE:HOV) Shares Bought by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. lifted its holdings in Hovnanian Enterprises, Inc. (NYSE:HOV - Free Report) by 8.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 121,239 shares of the construction company's stock after buying an additional 9,407 shares during the period. D. E. Shaw & Co. Inc. owned approximately 2.00% of Hovnanian Enterprises worth $16,224,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HOV. Quantbot Technologies LP acquired a new stake in shares of Hovnanian Enterprises during the 4th quarter worth approximately $25,000. KLP Kapitalforvaltning AS purchased a new stake in Hovnanian Enterprises during the 4th quarter worth approximately $120,000. Brevan Howard Capital Management LP acquired a new stake in Hovnanian Enterprises during the 4th quarter worth approximately $204,000. Citadel Advisors LLC acquired a new stake in Hovnanian Enterprises during the 4th quarter worth approximately $269,000. Finally, Exchange Traded Concepts LLC boosted its position in Hovnanian Enterprises by 51.3% in the 4th quarter. Exchange Traded Concepts LLC now owns 2,135 shares of the construction company's stock valued at $286,000 after buying an additional 724 shares during the period. 65.40% of the stock is currently owned by institutional investors and hedge funds.

Hovnanian Enterprises Stock Performance

Shares of NYSE HOV traded up $3.03 during mid-day trading on Friday, hitting $111.11. 50,282 shares of the company were exchanged, compared to its average volume of 80,291. The stock has a 50 day simple moving average of $100.95 and a 200-day simple moving average of $130.40. Hovnanian Enterprises, Inc. has a 1-year low of $81.15 and a 1-year high of $240.34. The company has a quick ratio of 0.34, a current ratio of 1.52 and a debt-to-equity ratio of 0.14. The firm has a market cap of $658.34 million, a price-to-earnings ratio of 3.46 and a beta of 2.28.

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on HOV shares. StockNews.com lowered Hovnanian Enterprises from a "hold" rating to a "sell" rating in a research report on Tuesday, March 18th. Zelman & Associates reaffirmed an "underperform" rating on shares of Hovnanian Enterprises in a research report on Wednesday, February 12th.

Hovnanian Enterprises 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.