Quantbot Technologies LP Has $518,000 Holdings in 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 increased its holdings in Hovnanian Enterprises Inc (NYSE:HOV - Free Report) by 2,530.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 4,945 shares of the construction company's stock after buying an additional 4,757 shares during the period. Quantbot Technologies LP owned about 0.08% of Hovnanian Enterprises worth $518,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of HOV. Legal & General Group Plc lifted its position in Hovnanian Enterprises by 5.5% in the 4th quarter. Legal & General Group Plc now owns 5,045 shares of the construction company's stock valued at $675,000 after purchasing an additional 265 shares during the last quarter. Barclays PLC lifted its stake in shares of Hovnanian Enterprises by 12.5% in the 4th quarter. Barclays PLC now owns 9,306 shares of the construction company's stock worth $1,246,000 after acquiring an additional 1,032 shares during the period. First Trust Advisors LP acquired a new stake in shares of Hovnanian Enterprises in the 4th quarter worth approximately $2,772,000. Dimensional Fund Advisors LP lifted its stake in shares of Hovnanian Enterprises by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 180,913 shares of the construction company's stock worth $24,210,000 after acquiring an additional 602 shares during the period. Finally, MetLife Investment Management LLC lifted its stake in shares of Hovnanian Enterprises by 10.0% in the 4th quarter. MetLife Investment Management LLC now owns 2,996 shares of the construction company's stock worth $401,000 after acquiring an additional 272 shares during the period. 65.40% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Edward A. Kangas sold 5,500 shares of the business's stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $107.12, for a total transaction of $589,160.00. Following the sale, the director owned 5,338 shares in the company, valued at $571,806.56. The trade was a 50.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 19.77% of the stock is owned by corporate insiders.

Hovnanian Enterprises Trading Down 0.3%

Shares of Hovnanian Enterprises stock traded down $0.46 during trading on Thursday, hitting $139.27. The stock had a trading volume of 46,206 shares, compared to its average volume of 127,555. Hovnanian Enterprises Inc has a 1 year low of $81.15 and a 1 year high of $233.15. The stock has a 50 day simple moving average of $124.50 and a 200 day simple moving average of $110.16. The company has a quick ratio of 0.28, a current ratio of 1.58 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $824.48 million, a PE ratio of 6.70 and a beta of 2.19.

Hovnanian Enterprises (NYSE:HOV - Get Free Report) last released its quarterly earnings results on Thursday, August 21st. The construction company reported $1.99 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $806.20 million. During the same quarter in the prior year, the firm earned $9.75 EPS. The firm's revenue was up 10.8% compared to the same quarter last year. Hovnanian Enterprises has set its Q4 2025 guidance at EPS.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on HOV. Wedbush reaffirmed a "neutral" rating and issued a $120.00 price target on shares of Hovnanian Enterprises in a research note on Wednesday. Wall Street Zen lowered shares of Hovnanian Enterprises from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Hovnanian Enterprises has an average rating of "Reduce" and a consensus target price of $120.00.

About Hovnanian Enterprises

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.