Strs Ohio Acquires Shares of 3,600 Hovnanian Enterprises Inc $HOV

Key Points

• Strs Ohio acquired 3,600 shares of Hovnanian Enterprises Inc, totaling approximately $377,000, increasing its stake to 0.06% as reported in a recent SEC filing.
• Several institutional investors, including GW&K Investment Management LLC and Charles Schwab Investment Management Inc., have also increased their stakes in Hovnanian Enterprises during the 1st quarter.
• Hovnanian Enterprises reported an earnings miss with an EPS of $1.99, falling short of the consensus estimate of $3.51, while its revenue grew by 10.8% year-over-year.

Strs Ohio acquired a new stake in Hovnanian Enterprises Inc (NYSE:HOV - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The firm acquired 3,600 shares of the construction company's stock, valued at approximately $377,000. Strs Ohio owned about 0.06% of Hovnanian Enterprises as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GW&K Investment Management LLC increased its stake in Hovnanian Enterprises by 2.9% in the 1st quarter. GW&K Investment Management LLC now owns 117,739 shares of the construction company's stock valued at $12,328,000 after buying an additional 3,270 shares during the last quarter. Foundry Partners LLC increased its stake in Hovnanian Enterprises by 1.4% in the 1st quarter. Foundry Partners LLC now owns 66,520 shares of the construction company's stock valued at $6,965,000 after buying an additional 897 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Hovnanian Enterprises by 20.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 55,067 shares of the construction company's stock valued at $5,766,000 after buying an additional 9,445 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Hovnanian Enterprises by 26.2% during the 1st quarter. Assenagon Asset Management S.A. now owns 40,423 shares of the construction company's stock worth $4,233,000 after purchasing an additional 8,388 shares during the last quarter. Finally, Empowered Funds LLC increased its stake in shares of Hovnanian Enterprises by 2.0% during the 1st quarter. Empowered Funds LLC now owns 31,294 shares of the construction company's stock worth $3,277,000 after purchasing an additional 627 shares during the last quarter. Hedge funds and other institutional investors own 65.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Wedbush restated a "neutral" rating and set a $120.00 price target on shares of Hovnanian Enterprises in a research note on Wednesday, August 27th. Wall Street Zen upgraded shares of Hovnanian Enterprises from a "sell" rating to a "hold" rating in a research note on Sunday, September 7th. One equities research 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.com, the company currently has a consensus rating of "Reduce" and an average target price of $120.00.

Hovnanian Enterprises Price Performance

Shares of NYSE:HOV opened at $134.91 on Tuesday. The stock has a market cap of $794.61 million, a PE ratio of 6.49 and a beta of 2.12. The company's fifty day moving average is $136.73 and its 200 day moving average is $113.67. Hovnanian Enterprises Inc has a 52 week low of $81.15 and a 52 week high of $220.23. The company has a quick ratio of 0.36, a current ratio of 1.62 and a debt-to-equity ratio of 0.08.

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

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 shares were sold at an average price of $107.12, for a total value of $589,160.00. Following the transaction, the director owned 5,338 shares in the company, valued at approximately $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. Also, CEO Ara K. Hovnanian sold 609 shares of Hovnanian Enterprises stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $138.31, for a total transaction of $84,230.79. Following the sale, the chief executive officer directly owned 62,896 shares in the company, valued at $8,699,145.76. The trade was 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 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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