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

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its holdings in Hovnanian Enterprises by 46.5% during the first quarter. Farther Finance Advisors LLC now owns 2,913 shares of the construction company's stock valued at $305,000 after purchasing an additional 925 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings 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 valued at $1,325,000 after purchasing an additional 3,891 shares in the last quarter. Exchange Traded Concepts LLC lifted its holdings in Hovnanian Enterprises by 10.1% during the first 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 purchased a new position in Hovnanian Enterprises during the first quarter valued at $377,000. Finally, New York State Common Retirement Fund lifted its holdings in Hovnanian Enterprises by 18.2% during the first quarter. New York State Common Retirement Fund now owns 5,841 shares of the construction company's stock valued at $612,000 after purchasing an additional 900 shares in the last quarter. 65.40% of the stock is owned by hedge funds and other institutional investors.

Hovnanian Enterprises Trading Down 2.9%

Hovnanian Enterprises stock traded down $4.14 during midday trading on Tuesday, hitting $136.22. 61,046 shares of the stock were exchanged, compared to its average volume of 113,530. Hovnanian Enterprises Inc has a fifty-two week low of $81.15 and a fifty-two week high of $233.15. The stock has a market capitalization of $806.42 million, a price-to-earnings ratio of 6.55 and a beta of 2.12. The stock's 50-day simple moving average is $126.76 and its 200 day simple moving average is $110.12. The company has a current ratio of 1.58, a quick ratio of 0.28 and a debt-to-equity ratio of 0.11.

Hovnanian Enterprises (NYSE:HOV - Get Free Report) last released its quarterly earnings data 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 return on equity of 23.52% and a net margin of 5.06%.The firm had revenue of $800.58 million for the quarter, compared to analyst estimates of $806.20 million. During the same quarter in the previous year, the business posted $9.75 earnings per share. Hovnanian Enterprises's revenue for the quarter was up 10.8% on a year-over-year basis. Hovnanian Enterprises has set its Q4 2025 guidance at EPS.

Analyst Upgrades and Downgrades

HOV has been the topic of several recent analyst reports. Wall Street Zen downgraded shares of Hovnanian Enterprises from a "hold" rating to a "sell" rating in a report on Saturday. Wedbush reiterated a "neutral" rating and issued a $120.00 target price on shares of Hovnanian Enterprises in a research report on Wednesday, August 27th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Reduce" and a consensus target price of $120.00.

Insider Activity

In other Hovnanian Enterprises news, Director Edward A. Kangas sold 5,500 shares of the stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $107.12, for a total transaction of $589,160.00. Following the completion of the transaction, the director owned 5,338 shares of the company's stock, valued at $571,806.56. This trade represents a 50.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Ara K. Hovnanian sold 609 shares of the stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $138.31, for a total transaction of $84,230.79. Following the transaction, the chief executive officer directly 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 position. The disclosure for this sale can be found here. Company insiders own 19.77% of the company's stock.

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.