Cubist Systematic Strategies LLC lessened its position in Hovnanian Enterprises Inc (NYSE:HOV - Free Report) by 26.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,952 shares of the construction company's stock after selling 5,789 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.27% of Hovnanian Enterprises worth $1,670,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of HOV. GAMMA Investing LLC raised its position in Hovnanian Enterprises by 12,432.3% in the 1st quarter. GAMMA Investing LLC now owns 15,916 shares of the construction company's stock valued at $16,670,000 after buying an additional 15,789 shares during the last quarter. Nuveen LLC bought a new position in Hovnanian Enterprises in the first quarter valued at approximately $1,605,000. Panagora Asset Management Inc. bought a new position in Hovnanian Enterprises in the first quarter valued at approximately $1,373,000. Steamboat Capital Partners LLC bought a new position in Hovnanian Enterprises in the first quarter valued at approximately $1,286,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Hovnanian Enterprises by 20.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 55,067 shares of the construction company's stock valued at $5,766,000 after purchasing an additional 9,445 shares in the last quarter. Institutional investors and hedge funds own 65.40% of the company's stock.
Hovnanian Enterprises Stock Performance
Shares of NYSE HOV traded down $3.73 during midday trading on Friday, hitting $151.98. 126,757 shares of the company's stock were exchanged, compared to its average volume of 97,021. The company has a quick ratio of 0.36, a current ratio of 1.62 and a debt-to-equity ratio of 0.08. Hovnanian Enterprises Inc has a 12 month low of $81.15 and a 12 month high of $233.15. The company's 50 day moving average price is $133.18 and its 200 day moving average price is $111.73. The firm has a market capitalization of $895.16 million, a PE ratio of 7.31 and a beta of 2.12.
Hovnanian Enterprises (NYSE:HOV - Get Free Report) last issued 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). Hovnanian Enterprises had a return on equity of 23.31% and a net margin of 5.06%.The business had revenue of $800.58 million for the quarter, compared to the consensus estimate of $806.20 million. During the same quarter in the prior year, the firm posted $9.75 earnings per share. The business's revenue was up 10.8% compared to the same quarter last year. Hovnanian Enterprises has set its Q4 2025 guidance at EPS.
Wall Street Analyst Weigh In
HOV has been the subject of a number of analyst reports. Wall Street Zen upgraded Hovnanian Enterprises from a "sell" rating to a "hold" rating in a research note on Sunday, September 7th. 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 investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and an average price target of $120.00.
Get Our Latest Research Report on HOV
Insider Activity at Hovnanian Enterprises
In other Hovnanian Enterprises news, Director Edward A. Kangas sold 5,500 shares of the 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 $571,806.56. This trade represents a 50.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ara K. Hovnanian sold 609 shares of the stock in a transaction on Thursday, August 28th. The stock was 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. The trade was a 0.96% decrease in their position. The disclosure for this sale can be found here. Insiders own 19.77% of the company's stock.
Hovnanian Enterprises Profile
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Free Report)
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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