Hovnanian Enterprises, Inc. (NYSE:HOV) Shares Acquired by Forager Capital Management LLC

Forager Capital Management LLC boosted its holdings in shares of Hovnanian Enterprises, Inc. (NYSE:HOV - Free Report) by 61.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 189,068 shares of the construction company's stock after purchasing an additional 72,068 shares during the period. Hovnanian Enterprises comprises approximately 10.6% of Forager Capital Management LLC's holdings, making the stock its 4th largest holding. Forager Capital Management LLC owned about 3.12% of Hovnanian Enterprises worth $25,301,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Quantbot Technologies LP bought a new stake in Hovnanian Enterprises during the 4th quarter valued at 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 bought a new position in Hovnanian Enterprises in the 4th quarter valued at approximately $204,000. Citadel Advisors LLC bought a new position in Hovnanian Enterprises in the 4th quarter valued at approximately $269,000. Finally, Exchange Traded Concepts LLC lifted its position in Hovnanian Enterprises by 51.3% in the 4th quarter. Exchange Traded Concepts LLC now owns 2,135 shares of the construction company's stock valued at $286,000 after acquiring an additional 724 shares in the last quarter. Hedge funds and other institutional investors own 65.40% of the company's stock.

Hovnanian Enterprises Price Performance

Shares of Hovnanian Enterprises stock traded up $6.26 during trading on Monday, reaching $107.79. 58,567 shares of the stock traded hands, compared to its average volume of 80,757. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.52 and a quick ratio of 0.34. Hovnanian Enterprises, Inc. has a 52-week low of $81.15 and a 52-week high of $240.34. The business has a fifty day simple moving average of $100.86 and a two-hundred day simple moving average of $131.17. The company has a market capitalization of $638.66 million, a price-to-earnings ratio of 3.36 and a beta of 2.28.

Hovnanian Enterprises (NYSE:HOV - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The construction company reported $3.58 EPS for the quarter, beating analysts' consensus estimates of $2.71 by $0.87. Hovnanian Enterprises had a net margin of 8.05% and a return on equity of 43.47%. The firm had revenue of $673.62 million during the quarter, compared to the consensus estimate of $705.80 million.

Wall Street Analyst Weigh In

HOV has been the topic of several research analyst reports. Zelman & Associates reissued an "underperform" rating on shares of Hovnanian Enterprises in a report on Wednesday, February 12th. StockNews.com lowered Hovnanian Enterprises from a "hold" rating to a "sell" rating in a research note on Tuesday, March 18th.

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.