UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 3,891 Shares of Hovnanian Enterprises, Inc. (NYSE:HOV)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Hovnanian Enterprises, Inc. (NYSE:HOV - Free Report) by 64.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 9,905 shares of the construction company's stock after purchasing an additional 3,891 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.16% of Hovnanian Enterprises worth $1,325,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Forager Capital Management LLC increased its position in shares of Hovnanian Enterprises by 61.6% during the fourth quarter. Forager Capital Management LLC now owns 189,068 shares of the construction company's stock worth $25,301,000 after buying an additional 72,068 shares during the period. Dimensional Fund Advisors LP grew its holdings in Hovnanian Enterprises by 0.3% during 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. D. E. Shaw & Co. Inc. raised its position in shares of Hovnanian Enterprises by 8.4% in the 4th 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 in the last quarter. Bridgeway Capital Management LLC raised its position in shares of Hovnanian Enterprises by 1.7% in the 4th 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 in the last quarter. Finally, Foundry Partners LLC lifted its stake in shares of Hovnanian Enterprises by 24.3% in the 4th quarter. Foundry Partners LLC now owns 65,623 shares of the construction company's stock valued at $8,782,000 after purchasing an additional 12,814 shares during the period. Institutional investors own 65.40% of the company's stock.

Hovnanian Enterprises Stock Performance

Shares of Hovnanian Enterprises stock opened at $94.25 on Monday. The business has a 50-day simple moving average of $96.95 and a 200 day simple moving average of $120.65. Hovnanian Enterprises, Inc. has a one year low of $81.15 and a one year high of $240.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.52 and a quick ratio of 0.34. The firm has a market capitalization of $558.43 million, a price-to-earnings ratio of 2.94 and a beta of 2.14.

Hovnanian Enterprises (NYSE:HOV - Get Free Report) last released its quarterly earnings data on Tuesday, May 20th. The construction company reported $2.43 EPS for the quarter, missing the consensus estimate of $2.45 by ($0.02). Hovnanian Enterprises had a net margin of 8.05% and a return on equity of 43.47%. The firm had revenue of $686.47 million for the quarter, compared to the consensus estimate of $733.20 million. The business's revenue for the quarter was down 3.1% compared to the same quarter last year.

Wall Street Analysts Forecast Growth

HOV has been the subject of several recent analyst reports. Wedbush reaffirmed a "neutral" rating and set a $120.00 target price on shares of Hovnanian Enterprises in a research note on Tuesday, May 20th. Wall Street Zen downgraded shares of Hovnanian Enterprises from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Finally, Zelman & Associates reiterated an "underperform" rating on shares of Hovnanian Enterprises in a research report on Wednesday, February 12th.

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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