623 Shares in Hovnanian Enterprises, Inc. (NYSE:HOV) Purchased by AJOVista LLC

AJOVista LLC purchased a new stake in shares of Hovnanian Enterprises, Inc. (NYSE:HOV) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 623 shares of the construction company’s stock, valued at approximately $97,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quantedge Capital Pte Ltd purchased a new position in Hovnanian Enterprises during the 3rd quarter valued at $2,521,000. Invesco Ltd. increased its position in shares of Hovnanian Enterprises by 26.9% during the third quarter. Invesco Ltd. now owns 79,625 shares of the construction company’s stock valued at $8,095,000 after buying an additional 16,866 shares during the period. American Century Companies Inc. raised its stake in Hovnanian Enterprises by 25.5% in the third quarter. American Century Companies Inc. now owns 81,645 shares of the construction company’s stock worth $8,300,000 after buying an additional 16,575 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in Hovnanian Enterprises in the third quarter worth about $1,614,000. Finally, SG Americas Securities LLC boosted its position in Hovnanian Enterprises by 588.9% during the 4th quarter. SG Americas Securities LLC now owns 14,873 shares of the construction company’s stock valued at $2,315,000 after acquiring an additional 12,714 shares in the last quarter. Hedge funds and other institutional investors own 65.40% of the company’s stock.

Hovnanian Enterprises Stock Up 3.0 %

Shares of Hovnanian Enterprises stock traded up $4.65 during midday trading on Friday, hitting $157.82. The company had a trading volume of 68,768 shares, compared to its average volume of 63,743. The company has a 50 day moving average of $146.72 and a 200 day moving average of $134.54. The stock has a market capitalization of $962.70 million, a P/E ratio of 5.67 and a beta of 2.62. Hovnanian Enterprises, Inc. has a 52-week low of $65.22 and a 52-week high of $183.60. The company has a debt-to-equity ratio of 2.19, a quick ratio of 0.86 and a current ratio of 4.07.

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

Insider Transactions at Hovnanian Enterprises

In related 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 owns 51,475 shares of the company’s stock, valued at $8,123,784.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 17.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Zelman & Associates restated an “underperform” rating on shares of Hovnanian Enterprises in a research note on Friday, April 12th. StockNews.com lowered shares of Hovnanian Enterprises from a “buy” rating to a “hold” rating in a research note on Sunday, March 3rd. Finally, TheStreet raised shares of Hovnanian Enterprises from a “c+” rating to a “b-” rating in a research report on Friday, February 16th.

Hovnanian Enterprises 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.