Cerity Partners LLC Increases Stock Holdings in Hovnanian Enterprises, Inc. (NYSE:HOV)

Cerity Partners LLC increased its holdings in Hovnanian Enterprises, Inc. (NYSE:HOV) by 60.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,223 shares of the construction company’s stock after buying an additional 1,599 shares during the period. Cerity Partners LLC owned about 0.07% of Hovnanian Enterprises worth $572,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its position in shares of Hovnanian Enterprises by 0.3% in the third quarter. Geode Capital Management LLC now owns 111,942 shares of the construction company’s stock valued at $22,882,000 after acquiring an additional 322 shares in the last quarter. Foundry Partners LLC lifted its holdings in Hovnanian Enterprises by 24.3% in the 4th quarter. Foundry Partners LLC now owns 65,623 shares of the construction company’s stock valued at $8,782,000 after purchasing an additional 12,814 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of Hovnanian Enterprises by 5.0% during the 4th quarter. Empowered Funds LLC now owns 30,667 shares of the construction company’s stock worth $4,104,000 after purchasing an additional 1,461 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Hovnanian Enterprises by 98.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 29,472 shares of the construction company’s stock worth $6,023,000 after purchasing an additional 14,624 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of Hovnanian Enterprises by 4.7% during the third quarter. Franklin Resources Inc. now owns 14,912 shares of the construction company’s stock worth $2,926,000 after buying an additional 669 shares in the last quarter. 65.40% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HOV has been the topic of a number of analyst reports. Zelman & Associates restated an “underperform” rating on shares of Hovnanian Enterprises in a research report on Wednesday, February 12th. StockNews.com downgraded Hovnanian Enterprises from a “hold” rating to a “sell” rating in a research report on Tuesday, March 18th.

Hovnanian Enterprises Price Performance

HOV opened at $91.79 on Tuesday. Hovnanian Enterprises, Inc. has a 1 year low of $81.15 and a 1 year high of $240.34. The company’s 50 day simple moving average is $105.63 and its 200 day simple moving average is $140.75. The stock has a market capitalization of $543.86 million, a PE ratio of 2.86 and a beta of 2.43. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.34 and a current ratio of 1.52.

Hovnanian Enterprises (NYSE:HOV) last announced its quarterly earnings results on Thursday, February 27th. The construction company reported $3.58 earnings per share 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 analyst estimates of $705.80 million. Hovnanian Enterprises had a net margin of 8.05% and a return on equity of 43.47%.

Hovnanian Enterprises 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.