Deutsche Bank AG Lowers Stake in Hovnanian Enterprises Inc $HOV

Deutsche Bank AG reduced its position in shares of Hovnanian Enterprises Inc (NYSE:HOV) by 8.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,192 shares of the construction company’s stock after selling 388 shares during the period. Deutsche Bank AG owned about 0.07% of Hovnanian Enterprises worth $439,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Creative Financial Designs Inc. ADV acquired a new position in Hovnanian Enterprises in the 1st quarter valued at about $80,000. Harbor Capital Advisors Inc. raised its position in Hovnanian Enterprises by 1,655.2% in the 1st quarter. Harbor Capital Advisors Inc. now owns 1,018 shares of the construction company’s stock valued at $107,000 after purchasing an additional 960 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Hovnanian Enterprises in the 1st quarter valued at about $109,000. Brevan Howard Capital Management LP acquired a new position in Hovnanian Enterprises during the 4th quarter worth approximately $204,000. Finally, Exchange Traded Concepts LLC grew its stake in shares of Hovnanian Enterprises by 10.1% during the first quarter. Exchange Traded Concepts LLC now owns 2,350 shares of the construction company’s stock worth $246,000 after purchasing an additional 215 shares in the last quarter. Hedge funds and other institutional investors own 65.40% of the company’s stock.

Hovnanian Enterprises Stock Performance

Shares of HOV stock opened at $139.63 on Thursday. The company has a quick ratio of 0.28, a current ratio of 1.58 and a debt-to-equity ratio of 0.11. The stock’s 50-day moving average price is $123.54 and its 200 day moving average price is $110.10. Hovnanian Enterprises Inc has a 52-week low of $81.15 and a 52-week high of $233.15. The stock has a market capitalization of $826.59 million, a PE ratio of 6.72 and a beta of 2.19.

Hovnanian Enterprises (NYSE:HOV) last announced its quarterly earnings data on Thursday, August 21st. The construction company reported $1.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.51 by ($1.52). The firm had revenue of $800.58 million during the quarter, compared to analyst estimates of $806.20 million. Hovnanian Enterprises had a net margin of 5.06% and a return on equity of 23.52%. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $9.75 earnings per share. Hovnanian Enterprises has set its Q4 2025 guidance at EPS.

Insider Activity

In related news, Director Edward A. Kangas sold 5,500 shares of the stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $107.12, for a total transaction of $589,160.00. Following the completion of the transaction, the director directly owned 5,338 shares of the company’s stock, valued at $571,806.56. This represents a 50.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 19.77% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on HOV shares. Wedbush reissued a “neutral” rating and set a $120.00 target price on shares of Hovnanian Enterprises in a research report on Wednesday. Wall Street Zen cut shares of Hovnanian Enterprises from a “hold” rating to a “sell” rating in a report on Wednesday, May 21st. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $120.00.

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.