Dimensional Fund Advisors LP Buys 1,433 Shares of Hovnanian Enterprises, Inc. (NYSE:HOV)

Dimensional Fund Advisors LP boosted its stake in shares of Hovnanian Enterprises, Inc. (NYSE:HOVFree Report) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 181,338 shares of the construction company’s stock after buying an additional 1,433 shares during the period. Dimensional Fund Advisors LP owned approximately 2.97% of Hovnanian Enterprises worth $28,221,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HOV. SG Americas Securities LLC increased its holdings in shares of Hovnanian Enterprises by 588.9% in the 4th quarter. SG Americas Securities LLC now owns 14,873 shares of the construction company’s stock worth $2,315,000 after purchasing an additional 12,714 shares in the last quarter. UBS Group AG grew its holdings in shares of Hovnanian Enterprises by 8.4% in the third quarter. UBS Group AG now owns 45,432 shares of the construction company’s stock worth $4,619,000 after acquiring an additional 3,528 shares during the period. Trexquant Investment LP bought a new stake in shares of Hovnanian Enterprises in the third quarter worth $447,000. American Century Companies Inc. grew its holdings in shares of 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 acquiring an additional 16,575 shares during the period. Finally, Barclays PLC grew its holdings in shares of Hovnanian Enterprises by 78.6% in the third quarter. Barclays PLC now owns 1,709 shares of the construction company’s stock worth $173,000 after acquiring an additional 752 shares during the period. Institutional investors own 65.40% of the company’s stock.

Insider Transactions at Hovnanian Enterprises

In other news, CEO Ara K. Hovnanian sold 1,000 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $157.82, for a total value of $157,820.00. Following the completion of the transaction, the chief executive officer now owns 51,475 shares of the company’s stock, valued at $8,123,784.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 17.67% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on HOV shares. StockNews.com lowered Hovnanian Enterprises from a “buy” rating to a “hold” rating in a report on Sunday, March 3rd. Zelman & Associates upgraded Hovnanian Enterprises from an “underperform” rating to a “neutral” rating and set a $155.00 target price on the stock in a research report on Thursday, May 23rd. Finally, TheStreet upgraded Hovnanian Enterprises from a “c+” rating to a “b-” rating in a research report on Friday, February 16th.

Check Out Our Latest Stock Analysis on HOV

Hovnanian Enterprises Stock Performance

NYSE HOV opened at $143.78 on Monday. The firm has a market cap of $877.06 million, a price-to-earnings ratio of 4.79 and a beta of 2.62. The company has a quick ratio of 0.86, a current ratio of 4.07 and a debt-to-equity ratio of 2.19. The business has a 50-day moving average price of $151.27 and a 200-day moving average price of $146.58. Hovnanian Enterprises, Inc. has a twelve month low of $65.22 and a twelve month high of $184.42.

About Hovnanian Enterprises

(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.

See Also

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Institutional Ownership by Quarter for Hovnanian Enterprises (NYSE:HOV)

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