Charles Schwab Investment Management Inc. Acquires 9,445 Shares of Hovnanian Enterprises Inc $HOV

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Hovnanian Enterprises Inc. by 20.7%, owning approximately 0.93% of the company, valued at about $5.77 million.
• Hovnanian reported a quarterly earnings miss with an EPS of $1.99, falling short of analyst estimates by $1.52, despite a revenue increase of 10.8% year-over-year.
• Several hedge funds, including Forager Capital Management LLC, have significantly increased their holdings in Hovnanian, indicating strong institutional interest in the company.

Charles Schwab Investment Management Inc. boosted its stake in Hovnanian Enterprises Inc (NYSE:HOV - Free Report) by 20.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 55,067 shares of the construction company's stock after acquiring an additional 9,445 shares during the period. Charles Schwab Investment Management Inc. owned 0.93% of Hovnanian Enterprises worth $5,766,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Hovnanian Enterprises by 4.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,823 shares of the construction company's stock worth $378,000 after acquiring an additional 117 shares during the period. California State Teachers Retirement System raised its position in Hovnanian Enterprises by 4.0% in the fourth quarter. California State Teachers Retirement System now owns 4,724 shares of the construction company's stock worth $632,000 after acquiring an additional 182 shares during the period. Exchange Traded Concepts LLC raised its position in Hovnanian Enterprises by 10.1% in the first quarter. Exchange Traded Concepts LLC now owns 2,350 shares of the construction company's stock worth $246,000 after acquiring an additional 215 shares during the period. MetLife Investment Management LLC raised its position 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 worth $401,000 after acquiring an additional 272 shares during the period. Finally, Vestcor Inc increased its stake in shares of Hovnanian Enterprises by 7.4% in 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. Institutional investors own 65.40% of the company's stock.

Hovnanian Enterprises Price Performance

HOV stock traded down $4.14 during midday trading on Tuesday, reaching $136.22. The company had a trading volume of 61,046 shares, compared to its average volume of 113,530. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.58 and a quick ratio of 0.28. Hovnanian Enterprises Inc has a 1 year low of $81.15 and a 1 year high of $233.15. The company has a market capitalization of $806.42 million, a P/E ratio of 6.55 and a beta of 2.12. The firm has a 50-day moving average price of $126.76 and a 200-day moving average price of $110.12.

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

Insider Buying and Selling

In other Hovnanian Enterprises news, CEO Ara K. Hovnanian sold 609 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer owned 62,896 shares of the company's stock, valued at $8,699,145.76. The trade was a 0.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Edward A. Kangas sold 5,500 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the director directly owned 5,338 shares of the company's stock, valued at approximately $571,806.56. This 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 insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on HOV shares. Wall Street Zen downgraded shares of Hovnanian Enterprises from a "hold" rating to a "sell" rating in a research note on Saturday. Wedbush reiterated a "neutral" rating and issued a $120.00 target price on shares of Hovnanian Enterprises in a research note on Wednesday, August 27th. One 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, the stock has a consensus rating of "Reduce" and an average price target of $120.00.

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.