Mutual Advisors LLC Takes $390,000 Position in Hovnanian Enterprises Inc $HOV

Key Points

• Mutual Advisors LLC has acquired a new stake in Hovnanian Enterprises Inc, purchasing 3,735 shares valued at approximately $390,000, representing about 0.06% of the company's total stock.
• Insider trading revealed that CEO Ara K. Hovnanian sold 609 shares for approximately $84,231, leading to a 0.96% decrease in their ownership.
• Hovnanian Enterprises recently missed earnings estimates, reporting $1.99 earnings per share against a consensus of $3.51, with revenue also falling short of projections.

Mutual Advisors LLC bought a new stake in Hovnanian Enterprises Inc (NYSE:HOV - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,735 shares of the construction company's stock, valued at approximately $390,000. Mutual Advisors LLC owned about 0.06% of Hovnanian Enterprises at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in HOV. Exchange Traded Concepts LLC grew its position 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 worth $246,000 after buying an additional 215 shares in the last quarter. Kazazian Asset Management LLC acquired a new stake in Hovnanian Enterprises during the first quarter worth approximately $377,000. New York State Common Retirement Fund grew its position 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 worth $612,000 after buying an additional 900 shares in the last quarter. Allianz Asset Management GmbH acquired a new stake in Hovnanian Enterprises during the first quarter worth approximately $384,000. Finally, Aristeia Capital L.L.C. acquired a new stake in Hovnanian Enterprises during the first quarter worth approximately $400,000. Institutional investors and hedge funds own 65.40% of the company's stock.

Insider Activity at Hovnanian Enterprises

In other news, 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 completion of the transaction, the chief executive officer directly owned 62,896 shares in the company, valued at approximately $8,699,145.76. This represents a 0.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 19.77% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on HOV. Zacks Research downgraded Hovnanian Enterprises from a "hold" rating to a "strong sell" rating in a research report on Friday, October 10th. Wedbush reissued a "neutral" rating and set a $120.00 price target on shares of Hovnanian Enterprises in a research report on Wednesday, August 27th. Weiss Ratings reissued a "hold (c)" rating on shares of Hovnanian Enterprises in a research report on Wednesday, October 8th. Finally, Wall Street Zen raised Hovnanian Enterprises from a "sell" rating to a "hold" rating in a research report on Sunday, September 7th. Two research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Hovnanian Enterprises currently has a consensus rating of "Reduce" and a consensus target price of $120.00.

Hovnanian Enterprises Stock Up 1.4%

NYSE HOV opened at $127.80 on Tuesday. The business has a fifty day moving average price of $138.89 and a two-hundred day moving average price of $116.58. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.62 and a quick ratio of 0.36. Hovnanian Enterprises Inc has a fifty-two week low of $81.15 and a fifty-two week high of $208.03. The stock has a market capitalization of $752.75 million, a PE ratio of 6.15 and a beta of 2.12.

Hovnanian Enterprises (NYSE:HOV - Get Free Report) last released its earnings results on Thursday, August 21st. The construction company reported $1.99 earnings per share 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 previous year, the company earned $9.75 earnings per share. The firm'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.

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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