Steamboat Capital Partners LLC Purchases Shares of 12,280 Hovnanian Enterprises Inc $HOV

Key Points

• Steamboat Capital Partners LLC acquired a new position in Hovnanian Enterprises, purchasing 12,280 shares valued at approximately $1.29 million, representing about 0.21% ownership in the company.
• Several hedge funds have also increased their stakes in Hovnanian, with 65.40% of the stock now owned by institutional investors, indicating strong institutional interest.
• Hovnanian reported a net profit margin of 5.06% for the quarter, but missed analysts' earnings expectations, leading to a current average stock rating of "Reduce" with a price target of $120.00.

Steamboat Capital Partners LLC purchased a new stake in shares of Hovnanian Enterprises Inc (NYSE:HOV - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 12,280 shares of the construction company's stock, valued at approximately $1,286,000. Steamboat Capital Partners LLC owned about 0.21% of Hovnanian Enterprises at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Forager Capital Management LLC grew its holdings in shares of Hovnanian Enterprises by 61.6% in the fourth quarter. Forager Capital Management LLC now owns 189,068 shares of the construction company's stock worth $25,301,000 after purchasing an additional 72,068 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Hovnanian Enterprises by 0.3% in the fourth 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. D. E. Shaw & Co. Inc. lifted its stake in Hovnanian Enterprises by 8.4% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 121,239 shares of the construction company's stock worth $16,224,000 after acquiring an additional 9,407 shares during the period. GW&K Investment Management LLC lifted its stake in Hovnanian Enterprises by 2.9% in the first quarter. GW&K Investment Management LLC now owns 117,739 shares of the construction company's stock worth $12,328,000 after acquiring an additional 3,270 shares during the period. Finally, Bridgeway Capital Management LLC lifted its stake in Hovnanian Enterprises by 1.7% in the fourth quarter. Bridgeway Capital Management LLC now owns 85,956 shares of the construction company's stock worth $11,503,000 after acquiring an additional 1,461 shares during the period. Institutional investors own 65.40% of the company's stock.

Insider Transactions at Hovnanian Enterprises

In other Hovnanian Enterprises news, Director Edward A. Kangas sold 5,500 shares of the business's stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $107.12, for a total value of $589,160.00. Following the completion of the transaction, the director owned 5,338 shares of the company's stock, valued at approximately $571,806.56. The trade was a 50.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ara K. Hovnanian sold 609 shares of the business'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 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. 19.77% of the stock is currently owned by insiders.

Hovnanian Enterprises Stock Up 7.4%

Shares of HOV traded up $10.31 during trading hours on Thursday, hitting $149.31. The company had a trading volume of 125,573 shares, compared to its average volume of 111,875. The firm has a fifty day moving average price of $127.51 and a 200-day moving average price of $110.32. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.28 and a current ratio of 1.58. The stock has a market capitalization of $883.92 million, a price-to-earnings ratio of 7.18 and a beta of 2.12. Hovnanian Enterprises Inc has a 52-week low of $81.15 and a 52-week high of $233.15.

Hovnanian Enterprises (NYSE:HOV - Get Free Report) last posted its quarterly earnings results 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). The company had revenue of $800.58 million during the quarter, compared to analysts' expectations of $806.20 million. Hovnanian Enterprises had a return on equity of 23.52% and a net margin of 5.06%.Hovnanian Enterprises's revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $9.75 EPS. Hovnanian Enterprises has set its Q4 2025 guidance at EPS.

Analyst Upgrades and Downgrades

A number of analysts recently commented on HOV shares. Wall Street Zen lowered Hovnanian Enterprises from a "hold" rating to a "sell" rating in a research note on Saturday, August 30th. Wedbush reaffirmed a "neutral" rating and issued a $120.00 price target on shares of Hovnanian Enterprises in a research note on Wednesday, August 27th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Hovnanian Enterprises currently has an average rating of "Reduce" and an average price target of $120.00.

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.