Vanguard Group Inc. Sells 4,100 Shares of Hovnanian Enterprises Inc $HOV

Key Points

• Vanguard Group Inc. reduced its stake in Hovnanian Enterprises Inc by 1.3%, selling 4,100 shares during the first quarter, and now holds about 5.19% of the company valued at approximately $32.2 million.
• Hovnanian Enterprises reported quarterly earnings of $1.99 EPS, missing the consensus estimate of $3.51, with revenue reaching $800.58 million, below analyst expectations.
• Analysts have set a consensus price target of $120.00 for Hovnanian Enterprises, with varying ratings, including one 'Sell' and one 'Hold' rating noted.

Vanguard Group Inc. reduced its stake in shares of Hovnanian Enterprises Inc (NYSE:HOV - Free Report) by 1.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 307,508 shares of the construction company's stock after selling 4,100 shares during the quarter. Vanguard Group Inc. owned 5.19% of Hovnanian Enterprises worth $32,199,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of HOV. Creative Financial Designs Inc. ADV bought a new stake in shares of Hovnanian Enterprises in the 1st quarter worth approximately $80,000. Harbor Capital Advisors Inc. lifted its position in shares of Hovnanian Enterprises by 1,655.2% in the 1st quarter. Harbor Capital Advisors Inc. now owns 1,018 shares of the construction company's stock worth $107,000 after acquiring an additional 960 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Hovnanian Enterprises in the 1st quarter worth approximately $109,000. Brevan Howard Capital Management LP acquired a new position in shares of Hovnanian Enterprises in the 4th quarter worth approximately $204,000. Finally, Exchange Traded Concepts LLC lifted its position in shares of Hovnanian Enterprises by 10.1% during the 1st 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 during the period. Institutional investors own 65.40% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on HOV shares. Wall Street Zen lowered shares of Hovnanian Enterprises from a "hold" rating to a "sell" rating in a report on Saturday. Wedbush reissued a "neutral" rating and set 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. According to MarketBeat, the company has a consensus rating of "Reduce" and an average target price of $120.00.

Hovnanian Enterprises Trading Up 0.7%

Shares of NYSE HOV traded up $0.97 during midday trading on Monday, hitting $140.24. The stock had a trading volume of 76,232 shares, compared to its average volume of 119,539. The company's 50-day simple moving average is $125.39 and its 200 day simple moving average is $109.91. The firm has a market cap of $830.19 million, a P/E ratio of 6.75 and a beta of 2.12. Hovnanian Enterprises Inc has a fifty-two week low of $81.15 and a fifty-two week high of $233.15. 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 (NYSE:HOV - Get Free Report) last released 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 net margin of 5.06% and a return on equity of 23.52%. The firm had revenue of $800.58 million during the quarter, compared to analyst estimates of $806.20 million. During the same period last year, the business posted $9.75 earnings per share. The firm's quarterly revenue was up 10.8% on a year-over-year basis. Hovnanian Enterprises has set its Q4 2025 guidance at EPS.

Insider Transactions at Hovnanian Enterprises

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