Woodson Capital Management LP Buys 5,500 Shares of Hovnanian Enterprises, Inc. (NYSE:HOV)

Woodson Capital Management LP lifted its position in Hovnanian Enterprises, Inc. (NYSE:HOV - Free Report) by 18.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 35,500 shares of the construction company's stock after acquiring an additional 5,500 shares during the period. Hovnanian Enterprises accounts for about 0.8% of Woodson Capital Management LP's investment portfolio, making the stock its 26th largest holding. Woodson Capital Management LP owned about 0.59% of Hovnanian Enterprises worth $4,751,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in HOV. Quantbot Technologies LP purchased a new stake in shares of Hovnanian Enterprises in the 4th quarter worth approximately $25,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Hovnanian Enterprises in the 4th quarter worth approximately $120,000. Brevan Howard Capital Management LP purchased a new stake in shares of Hovnanian Enterprises in the 4th quarter worth approximately $204,000. Citadel Advisors LLC purchased a new stake in shares of Hovnanian Enterprises in the 4th quarter worth approximately $269,000. Finally, Exchange Traded Concepts LLC grew its stake in shares of Hovnanian Enterprises by 51.3% in the 4th quarter. Exchange Traded Concepts LLC now owns 2,135 shares of the construction company's stock worth $286,000 after buying an additional 724 shares during the last quarter. Institutional investors own 65.40% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on HOV shares. Wall Street Zen downgraded Hovnanian Enterprises from a "hold" rating to a "sell" rating in a research note on Wednesday. Zelman & Associates reiterated an "underperform" rating on shares of Hovnanian Enterprises in a research note on Wednesday, February 12th. Finally, Wedbush reiterated a "neutral" rating and set a $120.00 target price on shares of Hovnanian Enterprises in a research note on Tuesday, May 20th.

Hovnanian Enterprises Stock Up 3.0%

HOV traded up $2.63 during trading on Friday, hitting $90.52. 74,239 shares of the company's stock traded hands, compared to its average volume of 80,781. The company's 50 day simple moving average is $99.95 and its two-hundred day simple moving average is $126.62. The company has a current ratio of 1.52, a quick ratio of 0.34 and a debt-to-equity ratio of 0.14. Hovnanian Enterprises, Inc. has a 12-month low of $81.15 and a 12-month high of $240.34. The stock has a market capitalization of $536.34 million, a price-to-earnings ratio of 2.82 and a beta of 2.28.

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

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.