Hovnanian Enterprises (NYSE:HOV) Stock Passes Above 200 Day Moving Average of $132.86

Hovnanian Enterprises, Inc. (NYSE:HOV - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $132.86 and traded as high as $152.47. Hovnanian Enterprises shares last traded at $151.75, with a volume of 34,169 shares changing hands.

Wall Street Analyst Weigh In

HOV has been the topic of several analyst reports. TheStreet upgraded Hovnanian Enterprises from a "c+" rating to a "b-" rating in a report on Friday, February 16th. StockNews.com downgraded Hovnanian Enterprises from a "buy" rating to a "hold" rating in a report on Sunday, March 3rd. Finally, Zelman & Associates restated an "underperform" rating on shares of Hovnanian Enterprises in a report on Friday, April 12th.

Hovnanian Enterprises Stock Down 2.5 %

The company has a quick ratio of 0.86, a current ratio of 4.07 and a debt-to-equity ratio of 2.19. The firm has a 50 day simple moving average of $146.86 and a 200-day simple moving average of $132.86. The stock has a market cap of $902.43 million, a P/E ratio of 5.32 and a beta of 2.61.

Hovnanian Enterprises (NYSE:HOV - Get Free Report) last posted its quarterly earnings results on Thursday, February 22nd. The construction company reported $2.75 earnings per share for the quarter. Hovnanian Enterprises had a return on equity of 58.22% and a net margin of 7.45%. The business had revenue of $594.20 million for the quarter.

Insider Buying and Selling

In other Hovnanian Enterprises news, CEO Ara K. Hovnanian sold 1,000 shares of the firm's stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $157.82, for a total transaction of $157,820.00. Following the completion of the sale, the chief executive officer now directly owns 51,475 shares in the company, valued at $8,123,784.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 17.67% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Hovnanian Enterprises

A number of large investors have recently made changes to their positions in HOV. DekaBank Deutsche Girozentrale bought a new position in Hovnanian Enterprises during the third quarter worth about $66,000. CWM LLC increased its holdings in shares of Hovnanian Enterprises by 3,541.7% during the first quarter. CWM LLC now owns 437 shares of the construction company's stock worth $69,000 after purchasing an additional 425 shares during the period. AJOVista LLC acquired a new stake in shares of Hovnanian Enterprises in the fourth quarter valued at approximately $97,000. Russell Investments Group Ltd. raised its position in shares of Hovnanian Enterprises by 27.4% in the fourth quarter. Russell Investments Group Ltd. now owns 791 shares of the construction company's stock valued at $123,000 after buying an additional 170 shares in the last quarter. Finally, Barclays PLC boosted its stake in shares of Hovnanian Enterprises by 78.6% in the third quarter. Barclays PLC now owns 1,709 shares of the construction company's stock valued at $173,000 after buying an additional 752 shares during the period. Institutional investors own 65.40% of the company's stock.

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.