Quantbot Technologies LP Buys 4,757 Shares of Hovnanian Enterprises Inc $HOV

Key Points

• Quantbot Technologies LP significantly increased its stake in Hovnanian Enterprises by 2,530.3% during the 1st quarter, now owning 4,945 shares valued at approximately $518,000.
• Hovnanian's stock has a current market cap of $842.06 million and reported $800.58 million in revenue during the last quarter, missing analyst estimates.
• Institutional ownership of Hovnanian Enterprises stands at 65.40%, with several institutions reporting significant increases in their holdings in the past quarter.

Quantbot Technologies LP boosted its holdings in Hovnanian Enterprises Inc (NYSE:HOV - Free Report) by 2,530.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,945 shares of the construction company's stock after acquiring an additional 4,757 shares during the quarter. Quantbot Technologies LP owned 0.08% of Hovnanian Enterprises worth $518,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Creative Financial Designs Inc. ADV acquired a new position in Hovnanian Enterprises in the first quarter valued at about $80,000. Harbor Capital Advisors Inc. boosted its position in Hovnanian Enterprises by 1,655.2% in the first quarter. Harbor Capital Advisors Inc. now owns 1,018 shares of the construction company's stock valued at $107,000 after buying an additional 960 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Hovnanian Enterprises in the first quarter valued at about $109,000. Russell Investments Group Ltd. boosted its position in Hovnanian Enterprises by 2,009.9% in the first quarter. Russell Investments Group Ltd. now owns 1,920 shares of the construction company's stock valued at $201,000 after buying an additional 1,829 shares in the last quarter. Finally, Brevan Howard Capital Management LP acquired a new position in Hovnanian Enterprises in the fourth quarter valued at about $204,000. Institutional investors own 65.40% of the company's stock.

Hovnanian Enterprises Trading Up 0.7%

NYSE HOV traded up $0.97 during trading hours on Friday, hitting $140.24. The company's stock had a trading volume of 76,232 shares, compared to its average volume of 119,539. The stock has a fifty day moving average of $125.39 and a 200 day moving average of $109.91. Hovnanian Enterprises Inc has a twelve month low of $81.15 and a twelve month high of $233.15. The firm has a market capitalization of $830.19 million, a P/E ratio of 6.75 and a beta of 2.12. The company has a quick ratio of 0.28, a current ratio of 1.58 and a debt-to-equity ratio of 0.11.

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

Insider Activity at Hovnanian Enterprises

In other Hovnanian Enterprises news, CEO Ara K. Hovnanian sold 609 shares of the stock in a transaction 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 sale, the chief executive officer directly owned 62,896 shares in the company, valued at approximately $8,699,145.76. This trade represents a 0.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 completion of the sale, the director owned 5,338 shares in the company, valued at approximately $571,806.56. This trade represents a 50.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 19.77% of the company's stock.

Analyst Ratings Changes

HOV has been the topic of several research analyst reports. Wedbush reissued a "neutral" rating and set a $120.00 price target on shares of Hovnanian Enterprises in a research note on Wednesday. Wall Street Zen cut shares of Hovnanian Enterprises from a "hold" rating to a "sell" rating in a research note on Saturday. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Hovnanian Enterprises presently has an average rating of "Reduce" and a consensus target price of $120.00.

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.