Hovnanian Enterprises (NYSE:HOV) Share Price Passes Above 200 Day Moving Average - Time to Sell?

Hovnanian Enterprises Inc (NYSE:HOV - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $116.58 and traded as high as $128.91. Hovnanian Enterprises shares last traded at $127.80, with a volume of 42,976 shares trading hands.

Analysts Set New Price Targets

HOV has been the topic of several research analyst reports. Wall Street Zen raised Hovnanian Enterprises from a "sell" rating to a "hold" rating in a research note on Sunday, September 7th. Zacks Research cut Hovnanian Enterprises from a "hold" rating to a "strong sell" rating in a research report on Friday, October 10th. Weiss Ratings reiterated a "hold (c)" rating on shares of Hovnanian Enterprises in a report on Wednesday, October 8th. Finally, Wedbush restated a "neutral" rating and issued a $120.00 target price on shares of Hovnanian Enterprises in a research note on Wednesday, August 27th. Two research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Hovnanian Enterprises presently has a consensus rating of "Reduce" and a consensus price target of $120.00.

Hovnanian Enterprises Price Performance

The company has a current ratio of 1.62, a quick ratio of 0.36 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $752.75 million, a price-to-earnings ratio of 6.15 and a beta of 2.12. The firm has a 50-day simple moving average of $138.89 and a two-hundred day simple moving average of $116.58.

Hovnanian Enterprises (NYSE:HOV - Get Free Report) last posted 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 net margin of 5.06% and a return on equity of 23.31%. The business had revenue of $800.58 million for the quarter, compared to analyst estimates of $806.20 million. During the same quarter last year, the business earned $9.75 earnings per share. Hovnanian Enterprises's revenue was up 10.8% on a year-over-year basis. Hovnanian Enterprises has set its Q4 2025 guidance at EPS.

Insider Activity at Hovnanian Enterprises

In other news, CEO Ara K. Hovnanian sold 609 shares of the firm's stock in a transaction dated Thursday, August 28th. The stock was 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. This trade represents a 0.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 19.77% of the stock is owned by company insiders.

Institutional Investors Weigh In On Hovnanian Enterprises

Several institutional investors have recently bought and sold shares of HOV. Exchange Traded Concepts LLC boosted its holdings in Hovnanian Enterprises by 10.1% in the 1st quarter. Exchange Traded Concepts LLC now owns 2,350 shares of the construction company's stock worth $246,000 after buying an additional 215 shares during the last quarter. Creative Financial Designs Inc. ADV purchased a new position in Hovnanian Enterprises in the 1st quarter worth approximately $80,000. New York State Common Retirement Fund raised its position in shares of Hovnanian Enterprises by 18.2% during the 1st quarter. New York State Common Retirement Fund now owns 5,841 shares of the construction company's stock valued at $612,000 after buying an additional 900 shares during the period. Foundry Partners LLC raised its position in shares of Hovnanian Enterprises by 1.4% during 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 period. Finally, Denali Advisors LLC raised its position in shares of Hovnanian Enterprises by 46.3% during the 1st quarter. Denali Advisors LLC now owns 15,814 shares of the construction company's stock valued at $1,656,000 after buying an additional 5,008 shares during the period. 65.40% of the stock is currently owned by institutional investors and hedge funds.

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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