1,986 Shares in Hovnanian Enterprises Inc $HOV Purchased by PDT Partners LLC

Key Points

• PDT Partners LLC acquired 1,986 shares of Hovnanian Enterprises Inc, valued at approximately $208,000, during the 1st quarter.
• Hovnanian Enterprises reported a 10.8% increase in revenue year-over-year, generating $800.58 million, although it missed earnings estimates with $1.99 EPS against a consensus of $3.51.
• Institutional investors own 65.40% of the stock, indicating significant interest and investment from large financial entities.

PDT Partners LLC bought a new stake in Hovnanian Enterprises Inc (NYSE:HOV - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm bought 1,986 shares of the construction company's stock, valued at approximately $208,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in HOV. Farther Finance Advisors LLC boosted its position in shares of Hovnanian Enterprises by 46.5% during the 1st quarter. Farther Finance Advisors LLC now owns 2,913 shares of the construction company's stock worth $305,000 after acquiring an additional 925 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Hovnanian Enterprises by 64.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,905 shares of the construction company's stock worth $1,325,000 after purchasing an additional 3,891 shares during the last quarter. Exchange Traded Concepts LLC boosted its holdings in shares of Hovnanian Enterprises by 10.1% in the 1st quarter. Exchange Traded Concepts LLC now owns 2,350 shares of the construction company's stock valued at $246,000 after purchasing an additional 215 shares in the last quarter. Kazazian Asset Management LLC bought a new position in shares of Hovnanian Enterprises in the 1st quarter valued at $377,000. Finally, New York State Common Retirement Fund raised its holdings in shares of Hovnanian Enterprises by 18.2% during the 1st quarter. New York State Common Retirement Fund now owns 5,841 shares of the construction company's stock worth $612,000 after buying an additional 900 shares in the last quarter. 65.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HOV has been the topic of several research analyst reports. Wall Street Zen lowered Hovnanian Enterprises from a "hold" rating to a "sell" rating in a research note on Saturday, August 30th. Wedbush restated a "neutral" rating and issued a $120.00 price target on shares of Hovnanian Enterprises in a research note on Wednesday, August 27th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Reduce" and an average target price of $120.00.

Hovnanian Enterprises Trading Up 3.4%

Shares of HOV stock opened at $153.93 on Friday. Hovnanian Enterprises Inc has a twelve month low of $81.15 and a twelve month high of $233.15. The stock's fifty day simple moving average is $129.35 and its 200 day simple moving average is $110.58. The company has a quick ratio of 0.28, a current ratio of 1.62 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $912.05 million, a P/E ratio of 7.40 and a beta of 2.12.

Hovnanian Enterprises (NYSE:HOV - Get Free Report) last posted its earnings results on Thursday, August 21st. The construction company reported $1.99 EPS for the quarter, missing the consensus estimate of $3.51 by ($1.52). The firm had revenue of $800.58 million during the quarter, compared to the consensus estimate of $806.20 million. Hovnanian Enterprises had a net margin of 5.06% and a return on equity of 23.31%. Hovnanian Enterprises's revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $9.75 earnings per share. Hovnanian Enterprises has set its Q4 2025 guidance at EPS.

Insider Activity at Hovnanian Enterprises

In other news, CEO Ara K. Hovnanian sold 609 shares of the firm's stock in a transaction on 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 of the company's stock, valued at approximately $8,699,145.76. This trade represents a 0.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $589,160.00. Following the transaction, the director owned 5,338 shares in the company, 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. 19.77% of the stock is owned by company insiders.

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.

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