Nuveen LLC Makes New $1.61 Million 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 bought a new stake in Hovnanian Enterprises Inc (NYSE:HOV - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 15,331 shares of the construction company's stock, valued at approximately $1,605,000. Nuveen LLC owned about 0.26% of Hovnanian Enterprises at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Hovnanian Enterprises by 4.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,823 shares of the construction company's stock valued at $378,000 after purchasing an additional 117 shares during the last quarter. California State Teachers Retirement System increased its holdings in Hovnanian Enterprises by 4.0% during the 4th quarter. California State Teachers Retirement System now owns 4,724 shares of the construction company's stock valued at $632,000 after acquiring an additional 182 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of Hovnanian Enterprises by 10.1% during the first quarter. Exchange Traded Concepts LLC now owns 2,350 shares of the construction company's stock worth $246,000 after buying an additional 215 shares in the last quarter. MetLife Investment Management LLC grew 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 purchasing an additional 272 shares during the period. Finally, Vestcor Inc lifted its position in shares of Hovnanian Enterprises by 7.4% during the first quarter. Vestcor Inc now owns 5,381 shares of the construction company's stock worth $563,000 after purchasing an additional 372 shares in the last quarter. 65.40% of the stock is currently owned by institutional investors and hedge funds.

Hovnanian Enterprises Stock Up 7.4%

Hovnanian Enterprises stock traded up $10.31 during mid-day trading on Thursday, reaching $149.31. The stock had a trading volume of 125,573 shares, compared to its average volume of 109,062. The firm has a market capitalization of $883.92 million, a PE ratio of 7.18 and a beta of 2.12. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.28 and a current ratio of 1.62. Hovnanian Enterprises Inc has a fifty-two week low of $81.15 and a fifty-two week high of $233.15. The stock's 50-day simple moving average is $128.43 and its 200-day simple moving average is $110.42.

Hovnanian Enterprises (NYSE:HOV - Get Free Report) last issued its earnings results on Thursday, August 21st. The construction company reported $1.99 earnings per share (EPS) 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 23.31%. The firm had revenue of $800.58 million during the quarter, compared to the consensus estimate of $806.20 million. During the same quarter in the previous year, the firm earned $9.75 earnings per share. The business's quarterly revenue was up 10.8% compared to the same quarter last year. Hovnanian Enterprises has set its Q4 2025 guidance at EPS.

Insider Buying and Selling

In other Hovnanian Enterprises news, Director Edward A. Kangas sold 5,500 shares of Hovnanian Enterprises stock in a transaction on Monday, June 30th. The stock was sold at an average price of $107.12, for a total value of $589,160.00. Following the completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ara K. Hovnanian sold 609 shares of Hovnanian Enterprises stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $138.31, for a total value of $84,230.79. Following the transaction, the chief executive officer owned 62,896 shares in the company, valued at $8,699,145.76. This trade represents a 0.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. 19.77% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on HOV. Wedbush reissued a "neutral" rating and issued a $120.00 price target on shares of Hovnanian Enterprises in a report on Wednesday, August 27th. Wall Street Zen downgraded shares of Hovnanian Enterprises from a "hold" rating to a "sell" rating in a research note on Saturday, August 30th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Hovnanian Enterprises has a consensus rating of "Reduce" and a consensus target price of $120.00.

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.