Voya Investment Management LLC Has $205,000 Holdings in Hovnanian Enterprises, Inc. (NYSE:HOV)

Voya Investment Management LLC lessened its holdings in shares of Hovnanian Enterprises, Inc. (NYSE:HOV) by 7.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,531 shares of the construction company’s stock after selling 124 shares during the period. Voya Investment Management LLC’s holdings in Hovnanian Enterprises were worth $205,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of HOV. First Trust Advisors LP acquired a new position in Hovnanian Enterprises in the fourth quarter valued at $2,772,000. JPMorgan Chase & Co. lifted its holdings in Hovnanian Enterprises by 98.5% in the third quarter. JPMorgan Chase & Co. now owns 29,472 shares of the construction company’s stock valued at $6,023,000 after buying an additional 14,624 shares during the period. Foundry Partners LLC lifted its holdings in Hovnanian Enterprises by 24.3% in the fourth quarter. Foundry Partners LLC now owns 65,623 shares of the construction company’s stock valued at $8,782,000 after buying an additional 12,814 shares during the period. Canada Pension Plan Investment Board acquired a new position in Hovnanian Enterprises in the fourth quarter valued at $883,000. Finally, XTX Topco Ltd acquired a new position in Hovnanian Enterprises in the fourth quarter valued at $514,000. Institutional investors and hedge funds own 65.40% of the company’s stock.

Hovnanian Enterprises Trading Up 4.9%

HOV opened at $113.25 on Wednesday. Hovnanian Enterprises, Inc. has a 1-year low of $81.15 and a 1-year high of $240.34. The company has a current ratio of 1.52, a quick ratio of 0.34 and a debt-to-equity ratio of 0.14. The company has a market cap of $671.01 million, a P/E ratio of 3.53 and a beta of 2.28. The company has a fifty day moving average price of $101.01 and a two-hundred day moving average price of $131.04.

Hovnanian Enterprises (NYSE:HOV) last posted its quarterly earnings results on Thursday, February 27th. The construction company reported $3.58 earnings per share for the quarter, beating 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 firm had revenue of $673.62 million during the quarter, compared to the consensus estimate of $705.80 million.

Analyst Ratings Changes

Several equities analysts recently issued reports on HOV shares. Zelman & Associates restated an “underperform” rating on shares of Hovnanian Enterprises in a report on Wednesday, February 12th. StockNews.com downgraded shares of Hovnanian Enterprises from a “hold” rating to a “sell” rating in a research note on Tuesday, March 18th.

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.