Swiss National Bank Has $1.33 Million Holdings in Hovnanian Enterprises, Inc. (NYSE:HOV)

Swiss National Bank boosted its holdings in shares of Hovnanian Enterprises, Inc. (NYSE:HOV) by 5.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,900 shares of the construction company’s stock after buying an additional 500 shares during the quarter. Swiss National Bank’s holdings in Hovnanian Enterprises were worth $1,325,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Hovnanian Enterprises by 0.9% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 8,860 shares of the construction company’s stock valued at $1,186,000 after acquiring an additional 81 shares during the last quarter. Victory Capital Management Inc. boosted its position in Hovnanian Enterprises by 23.0% during the fourth quarter. Victory Capital Management Inc. now owns 4,199 shares of the construction company’s stock worth $562,000 after purchasing an additional 785 shares during the period. Principal Financial Group Inc. grew its holdings in Hovnanian Enterprises by 7.2% during the fourth quarter. Principal Financial Group Inc. now owns 2,383 shares of the construction company’s stock valued at $319,000 after purchasing an additional 161 shares during the last quarter. Rhumbline Advisers raised its position in shares of Hovnanian Enterprises by 1.0% in the fourth quarter. Rhumbline Advisers now owns 8,850 shares of the construction company’s stock valued at $1,184,000 after purchasing an additional 85 shares during the period. Finally, Empowered Funds LLC lifted its stake in shares of Hovnanian Enterprises by 5.0% in the fourth quarter. Empowered Funds LLC now owns 30,667 shares of the construction company’s stock worth $4,104,000 after buying an additional 1,461 shares during the last quarter. 65.40% of the stock is owned by institutional investors and hedge funds.

Hovnanian Enterprises Trading Down 2.6 %

Shares of HOV stock opened at $104.32 on Friday. The firm has a market capitalization of $618.07 million, a P/E ratio of 3.25 and a beta of 2.85. Hovnanian Enterprises, Inc. has a 1 year low of $95.27 and a 1 year high of $240.34. The firm’s fifty day simple moving average is $119.55 and its 200 day simple moving average is $155.25. The company has a current ratio of 1.52, a quick ratio of 0.34 and a debt-to-equity ratio of 0.14.

Hovnanian Enterprises (NYSE:HOV) last posted its quarterly earnings data on Thursday, February 27th. The construction company reported $3.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.71 by $0.87. Hovnanian Enterprises had a net margin of 8.05% and a return on equity of 43.47%. The company had revenue of $673.62 million for the quarter, compared to the consensus estimate of $705.80 million.

Analyst Upgrades and Downgrades

HOV has been the topic of a number of research analyst reports. Wedbush reiterated a “neutral” rating and issued a $155.00 target price on shares of Hovnanian Enterprises in a research note on Monday, December 16th. StockNews.com downgraded Hovnanian Enterprises from a “hold” rating to a “sell” rating in a research report on Tuesday, March 18th. Finally, Zelman & Associates reissued an “underperform” rating on shares of Hovnanian Enterprises in a research report on Wednesday, February 12th.

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.