Nuveen LLC Makes New Investment in Hovnanian Enterprises Inc $HOV

Key Points

• Nuveen LLC acquired a new stake in Hovnanian Enterprises, purchasing 15,331 shares valued at approximately $1.6 million, which constitutes about 0.26% of the company.
• Several hedge funds increased their investments in Hovnanian, with institutional investors now owning 65.40% of the company's stock.
• Hovnanian's recent earnings report showed an EPS of $1.99, missing expectations of $3.51, and the company has set guidance for Q4 2025.

Nuveen LLC purchased a new stake in Hovnanian Enterprises Inc (NYSE:HOV - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,331 shares of the construction company's stock, valued at approximately $1,605,000. Nuveen LLC owned about 0.26% of Hovnanian Enterprises as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of HOV. Barclays PLC boosted its holdings in Hovnanian Enterprises by 12.5% in the fourth quarter. Barclays PLC now owns 9,306 shares of the construction company's stock valued at $1,246,000 after purchasing an additional 1,032 shares during the last quarter. First Trust Advisors LP bought a new stake in Hovnanian Enterprises in the fourth quarter valued at about $2,772,000. Dimensional Fund Advisors LP increased its holdings 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 valued at $24,210,000 after buying an additional 602 shares during the last quarter. MetLife Investment Management LLC increased its holdings in Hovnanian Enterprises by 10.0% in the fourth quarter. MetLife Investment Management LLC now owns 2,996 shares of the construction company's stock valued at $401,000 after buying an additional 272 shares during the last quarter. Finally, Tudor Investment Corp ET AL increased its holdings in Hovnanian Enterprises by 11.4% in the fourth quarter. Tudor Investment Corp ET AL now owns 3,716 shares of the construction company's stock valued at $497,000 after buying an additional 379 shares during the last quarter. Hedge funds and other institutional investors own 65.40% of the company's stock.

Hovnanian Enterprises Price Performance

Shares of NYSE:HOV traded up $0.97 during trading hours on Monday, hitting $140.24. 76,232 shares of the company's stock traded hands, compared to its average volume of 119,539. Hovnanian Enterprises Inc has a 52 week low of $81.15 and a 52 week high of $233.15. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.28 and a current ratio of 1.58. The company's fifty day simple moving average is $126.12 and its two-hundred day simple moving average is $109.94. The company has a market cap of $830.19 million, a price-to-earnings ratio of 6.75 and a beta of 2.12.

Hovnanian Enterprises (NYSE:HOV - Get Free Report) last posted its quarterly earnings data on Thursday, August 21st. The construction company reported $1.99 earnings per share for the quarter, missing the consensus estimate of $3.51 by ($1.52). Hovnanian Enterprises had a net margin of 5.06% and a return on equity of 23.52%. The business had revenue of $800.58 million for the quarter, compared to the consensus estimate of $806.20 million. During the same quarter last year, the business posted $9.75 EPS. The business's revenue for the quarter was up 10.8% on a year-over-year basis. Hovnanian Enterprises has set its Q4 2025 guidance at EPS.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on HOV. Wall Street Zen lowered Hovnanian Enterprises from a "hold" rating to a "sell" rating in a report on Saturday. Wedbush reissued a "neutral" rating and issued a $120.00 price objective on shares of Hovnanian Enterprises in a report on Wednesday, August 27th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Hovnanian Enterprises has a consensus rating of "Reduce" and an average target price of $120.00.

Insider Activity

In other news, CEO Ara K. Hovnanian sold 609 shares of the firm's stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $138.31, for a total transaction of $84,230.79. Following the completion of the transaction, the chief executive officer owned 62,896 shares in the company, valued at approximately $8,699,145.76. This trade represents a 0.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Edward A. Kangas sold 5,500 shares of the firm's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $107.12, for a total transaction of $589,160.00. Following the transaction, the director owned 5,338 shares of the company's stock, valued at approximately $571,806.56. This trade represents a 50.75% decrease in their position. The disclosure for this sale can be found here. Company insiders own 19.77% of the company's stock.

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.