Hovnanian Enterprises, Inc. (NYSE:HOV) Shares Purchased by California State Teachers Retirement System

California State Teachers Retirement System raised its stake in shares of Hovnanian Enterprises, Inc. (NYSE:HOV) by 4.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,724 shares of the construction company’s stock after purchasing an additional 182 shares during the period. California State Teachers Retirement System owned 0.08% of Hovnanian Enterprises worth $632,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of HOV. Quantbot Technologies LP purchased a new position in shares of Hovnanian Enterprises in the fourth quarter valued at $25,000. KLP Kapitalforvaltning AS purchased a new position in shares of Hovnanian Enterprises in the fourth quarter valued at $120,000. Brevan Howard Capital Management LP purchased a new position in shares of Hovnanian Enterprises in the fourth quarter valued at $204,000. Citadel Advisors LLC purchased a new position in shares of Hovnanian Enterprises in the fourth quarter valued at $269,000. Finally, Trexquant Investment LP purchased a new position in shares of Hovnanian Enterprises in the fourth quarter valued at $286,000. Institutional investors and hedge funds own 65.40% of the company’s stock.

Hovnanian Enterprises Stock Performance

NYSE:HOV opened at $97.79 on Thursday. Hovnanian Enterprises, Inc. has a twelve month low of $81.15 and a twelve month high of $240.34. The company has a current ratio of 1.52, a quick ratio of 0.34 and a debt-to-equity ratio of 0.14. The company has a 50-day moving average of $96.89 and a 200-day moving average of $119.81. The firm has a market cap of $579.41 million, a price-to-earnings ratio of 3.05 and a beta of 2.15.

Hovnanian Enterprises (NYSE:HOV) last posted its quarterly earnings results on Tuesday, May 20th. The construction company reported $2.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.45 by ($0.02). The company had revenue of $686.47 million during the quarter, compared to analysts’ expectations of $733.20 million. Hovnanian Enterprises had a return on equity of 43.47% and a net margin of 8.05%. Hovnanian Enterprises’s revenue for the quarter was down 3.1% compared to the same quarter last year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Wedbush reaffirmed a “neutral” rating and issued a $120.00 price target on shares of Hovnanian Enterprises in a report on Wednesday. Zelman & Associates reaffirmed an “underperform” rating on shares of Hovnanian Enterprises in a report on Wednesday, February 12th. Finally, Wall Street Zen cut shares of Hovnanian Enterprises from a “hold” rating to a “sell” rating in a report on Wednesday, May 21st.

Hovnanian Enterprises Company 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.