Barclays PLC Has $1.69 Million Holdings in Hovnanian Enterprises, Inc. (NYSE:HOV)

Barclays PLC raised its stake in Hovnanian Enterprises, Inc. (NYSE:HOV) by 352.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,274 shares of the construction company’s stock after buying an additional 6,446 shares during the quarter. Barclays PLC owned 0.14% of Hovnanian Enterprises worth $1,691,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. National Bank of Canada FI raised its position in shares of Hovnanian Enterprises by 698.1% during the third quarter. National Bank of Canada FI now owns 2,131 shares of the construction company’s stock worth $436,000 after purchasing an additional 1,864 shares during the period. Stifel Financial Corp raised its holdings in Hovnanian Enterprises by 48.9% during the 3rd quarter. Stifel Financial Corp now owns 4,848 shares of the construction company’s stock worth $991,000 after buying an additional 1,593 shares during the period. Quadrature Capital Ltd bought a new position in Hovnanian Enterprises in the third quarter valued at approximately $502,000. Philadelphia Financial Management of San Francisco LLC bought a new stake in shares of Hovnanian Enterprises during the third quarter worth $17,449,000. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Hovnanian Enterprises in the 3rd quarter valued at about $687,000. Institutional investors and hedge funds own 65.40% of the company’s stock.

Hovnanian Enterprises Trading Down 0.9 %

Shares of Hovnanian Enterprises stock opened at $133.27 on Friday. The business’s 50 day moving average is $170.06 and its 200-day moving average is $180.24. Hovnanian Enterprises, Inc. has a 12-month low of $125.63 and a 12-month high of $240.34. The stock has a market cap of $806.95 million, a P/E ratio of 4.15 and a beta of 2.62. The company has a quick ratio of 0.27, a current ratio of 1.45 and a debt-to-equity ratio of 0.20.

Analysts Set New Price Targets

Separately, Wedbush restated a “neutral” rating and set a $155.00 target price on shares of Hovnanian Enterprises in a report on Monday, December 16th.

Insider Activity

In other news, Director Edward A. Kangas sold 1,500 shares of Hovnanian Enterprises stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $188.86, for a total value of $283,290.00. Following the completion of the sale, the director now directly owns 13,290 shares in the company, valued at approximately $2,509,949.40. The trade was a 10.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Vincent Pagano, Jr. sold 3,000 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $201.11, for a total value of $603,330.00. Following the sale, the director now directly owns 24,552 shares in the company, valued at approximately $4,937,652.72. This trade represents a 10.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,144 shares of company stock valued at $1,012,194. 17.67% of the stock is owned by company insiders.

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.