Insider Selling: Hovnanian Enterprises, Inc. (NYSE:HOV) CEO Sells $178,267.79 in Stock

Hovnanian Enterprises, Inc. (NYSE:HOV) CEO Ara K. Hovnanian sold 877 shares of Hovnanian Enterprises stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $203.27, for a total value of $178,267.79. Following the completion of the sale, the chief executive officer now directly owns 46,279 shares in the company, valued at approximately $9,407,132.33. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Hovnanian Enterprises Stock Performance

Hovnanian Enterprises stock opened at $198.86 on Friday. The company has a quick ratio of 0.27, a current ratio of 1.45 and a debt-to-equity ratio of 0.20. Hovnanian Enterprises, Inc. has a twelve month low of $65.22 and a twelve month high of $240.34. The company’s 50-day moving average price is $203.03 and its 200-day moving average price is $169.88. The company has a market cap of $1.19 billion, a PE ratio of 6.59 and a beta of 2.64.

Hovnanian Enterprises (NYSE:HOV) last issued its quarterly earnings data on Thursday, August 22nd. The construction company reported $9.75 earnings per share for the quarter. The company had revenue of $722.70 million for the quarter. Hovnanian Enterprises had a return on equity of 52.22% and a net margin of 8.41%. During the same period in the previous year, the firm earned $7.38 earnings per share. On average, equities research analysts forecast that Hovnanian Enterprises, Inc. will post 30 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Hovnanian Enterprises from a “buy” rating to a “hold” rating in a report on Friday, August 23rd.

Institutional Trading of Hovnanian Enterprises

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Foundry Partners LLC purchased a new position in Hovnanian Enterprises during the first quarter worth $4,259,000. Vanguard Group Inc. lifted its holdings in shares of Hovnanian Enterprises by 6.1% in the 1st quarter. Vanguard Group Inc. now owns 280,435 shares of the construction company’s stock worth $44,011,000 after acquiring an additional 16,012 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Hovnanian Enterprises by 425,175.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 17,011 shares of the construction company’s stock worth $2,414,000 after purchasing an additional 17,007 shares during the period. Victory Capital Management Inc. grew its holdings in Hovnanian Enterprises by 88.1% during the 2nd quarter. Victory Capital Management Inc. now owns 14,334 shares of the construction company’s stock valued at $2,034,000 after purchasing an additional 6,715 shares during the last quarter. Finally, Koss Olinger Consulting LLC purchased a new stake in Hovnanian Enterprises in the 2nd quarter worth about $467,000. Hedge funds and other institutional investors own 65.40% of the company’s stock.

About Hovnanian Enterprises

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.