Sanctuary Advisors LLC Sells 537 Shares of Hovnanian Enterprises, Inc. (NYSE:HOV)

Sanctuary Advisors LLC trimmed its holdings in shares of Hovnanian Enterprises, Inc. (NYSE:HOV) by 17.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,629 shares of the construction company’s stock after selling 537 shares during the quarter. Sanctuary Advisors LLC’s holdings in Hovnanian Enterprises were worth $364,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in HOV. Creative Planning bought a new stake in Hovnanian Enterprises during the third quarter valued at approximately $202,000. Allspring Global Investments Holdings LLC purchased a new position in Hovnanian Enterprises during the third quarter valued at approximately $33,000. Farther Finance Advisors LLC lifted its holdings in Hovnanian Enterprises by 4,983.7% during the third quarter. Farther Finance Advisors LLC now owns 2,186 shares of the construction company’s stock valued at $447,000 after purchasing an additional 2,143 shares in the last quarter. Olympiad Research LP purchased a new position in Hovnanian Enterprises during the third quarter valued at approximately $225,000. Finally, GSA Capital Partners LLP lifted its holdings in Hovnanian Enterprises by 15.6% during the third quarter. GSA Capital Partners LLP now owns 6,627 shares of the construction company’s stock valued at $1,354,000 after purchasing an additional 895 shares in the last quarter. 65.40% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Wedbush reissued a “neutral” rating and issued a $155.00 target price on shares of Hovnanian Enterprises in a report on Monday, December 16th. Zelman & Associates reissued an “underperform” rating on shares of Hovnanian Enterprises in a report on Wednesday, February 12th.

Hovnanian Enterprises Price Performance

HOV stock opened at $97.69 on Tuesday. Hovnanian Enterprises, Inc. has a one year low of $97.28 and a one year high of $240.34. The company’s fifty day moving average price is $128.78 and its 200-day moving average price is $168.07. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.34 and a current ratio of 1.52. The company has a market capitalization of $591.53 million, a PE ratio of 3.04 and a beta of 2.71.

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

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.