Weiss Ratings Reiterates Hold (C) Rating for Hovnanian Enterprises (NYSE:HOV)

Hovnanian Enterprises (NYSE:HOV - Get Free Report)'s stock had its "hold (c)" rating reiterated by Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Several other equities analysts have also recently weighed in on HOV. Wall Street Zen upgraded Hovnanian Enterprises from a "sell" rating to a "hold" rating in a research note on Sunday, September 7th. Wedbush reaffirmed a "neutral" rating and set a $120.00 target price on shares of Hovnanian Enterprises in a research report on Wednesday, August 27th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus price target of $120.00.

Hovnanian Enterprises Price Performance

Shares of NYSE:HOV opened at $123.66 on Wednesday. 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 stock's fifty day simple moving average is $139.90 and its two-hundred day simple moving average is $115.40. Hovnanian Enterprises has a 1-year low of $81.15 and a 1-year high of $212.77. The stock has a market cap of $728.60 million, a PE ratio of 5.95 and a beta of 2.12.

Hovnanian Enterprises (NYSE:HOV - Get Free Report) last issued its quarterly earnings data on Thursday, August 21st. The construction company reported $1.99 earnings per share for the quarter, missing the consensus estimate of $3.51 by ($1.52). Hovnanian Enterprises had a net margin of 5.06% and a return on equity of 23.31%. The company had revenue of $800.58 million for the quarter, compared to the consensus estimate of $806.20 million. During the same quarter last year, the business posted $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.

Insiders Place Their Bets

In related news, CEO Ara K. Hovnanian sold 609 shares of Hovnanian Enterprises stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $138.31, for a total value of $84,230.79. Following the completion of the sale, the chief executive officer owned 62,896 shares of the company's stock, valued at approximately $8,699,145.76. This trade represents a 0.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 19.77% of the company's stock.

Institutional Investors Weigh In On Hovnanian Enterprises

Large investors have recently added to or reduced their stakes in the company. Osaic Holdings Inc. increased its holdings in Hovnanian Enterprises by 72.1% in the 2nd quarter. Osaic Holdings Inc. now owns 432 shares of the construction company's stock worth $45,000 after acquiring an additional 181 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in Hovnanian Enterprises by 614.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 557 shares of the construction company's stock worth $58,000 after acquiring an additional 479 shares during the last quarter. Creative Financial Designs Inc. ADV purchased a new stake in Hovnanian Enterprises in the 1st quarter worth about $80,000. GAMMA Investing LLC increased its holdings in Hovnanian Enterprises by 553.9% in the 2nd quarter. GAMMA Investing LLC now owns 994 shares of the construction company's stock worth $104,000 after acquiring an additional 842 shares during the last quarter. Finally, Harbor Capital Advisors Inc. grew its holdings in Hovnanian Enterprises by 1,655.2% during the 1st quarter. Harbor Capital Advisors Inc. now owns 1,018 shares of the construction company's stock valued at $107,000 after buying an additional 960 shares in the last quarter. Hedge funds and other 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.