Hovnanian Enterprises Inc (NYSE:HOV - Free Report) - Stock analysts at Wedbush issued their FY2027 earnings per share estimates for shares of Hovnanian Enterprises in a research report issued on Monday, August 18th. Wedbush analyst J. Mccanless forecasts that the construction company will earn $9.60 per share for the year. Wedbush currently has a "Neutral" rating and a $120.00 target price on the stock.
Hovnanian Enterprises (NYSE:HOV - Get Free Report) last released its earnings results on Tuesday, May 20th. The construction company reported $2.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.45 by ($0.02). The business had revenue of $686.47 million during the quarter, compared to analysts' expectations of $733.20 million. Hovnanian Enterprises had a net margin of 7.03% and a return on equity of 33.18%. The business's quarterly revenue was down 3.1% compared to the same quarter last year.
Separately, Wall Street Zen lowered Hovnanian Enterprises from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st.
Check Out Our Latest Stock Analysis on Hovnanian Enterprises
Hovnanian Enterprises Price Performance
HOV opened at $152.99 on Tuesday. The stock has a fifty day moving average of $117.06 and a 200-day moving average of $109.19. The firm has a market capitalization of $905.72 million, a P/E ratio of 5.36 and a beta of 2.19. Hovnanian Enterprises has a 12-month low of $81.15 and a 12-month high of $240.34. The company has a quick ratio of 0.28, a current ratio of 1.58 and a debt-to-equity ratio of 0.11.
Insider Buying and Selling
In other Hovnanian Enterprises news, Director Edward A. Kangas sold 5,500 shares of the stock in a transaction on Monday, June 30th. The shares were sold at an average price of $107.12, for a total transaction of $589,160.00. Following the transaction, the director directly owned 5,338 shares of the company's stock, valued at $571,806.56. This represents a 50.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 19.77% of the stock is owned by insiders.
Hedge Funds Weigh In On Hovnanian Enterprises
Several hedge funds have recently bought and sold shares of the business. Forager Capital Management LLC grew its position in shares of Hovnanian Enterprises by 18.2% in the second quarter. Forager Capital Management LLC now owns 239,500 shares of the construction company's stock valued at $25,040,000 after purchasing an additional 36,828 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Hovnanian Enterprises by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 180,913 shares of the construction company's stock valued at $24,210,000 after purchasing an additional 602 shares during the last quarter. D. E. Shaw & Co. Inc. grew its position in shares of Hovnanian Enterprises by 8.4% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 121,239 shares of the construction company's stock valued at $16,224,000 after purchasing an additional 9,407 shares during the last quarter. GW&K Investment Management LLC grew its position in shares of Hovnanian Enterprises by 2.9% in the first quarter. GW&K Investment Management LLC now owns 117,739 shares of the construction company's stock valued at $12,328,000 after purchasing an additional 3,270 shares during the last quarter. Finally, Bridgeway Capital Management LLC grew its position in shares of Hovnanian Enterprises by 1.7% in the fourth quarter. Bridgeway Capital Management LLC now owns 85,956 shares of the construction company's stock valued at $11,503,000 after purchasing an additional 1,461 shares during the last quarter. 65.40% of the stock is owned by institutional investors and hedge funds.
About Hovnanian Enterprises
(
Get Free Report)
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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