Hovnanian Enterprises (NYSE:HOV) Given “Neutral” Rating at Wedbush

Wedbush restated their neutral rating on shares of Hovnanian Enterprises (NYSE:HOV) in a report issued on Wednesday morning, Marketbeat Ratings reports. They currently have a $120.00 price objective on the construction company’s stock.

Separately, Wall Street Zen cut Hovnanian Enterprises from a “hold” rating to a “sell” rating in a research note on Wednesday, May 21st. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $120.00.

Hovnanian Enterprises Trading Down 1.0%

Shares of HOV opened at $139.63 on Wednesday. Hovnanian Enterprises has a 12-month low of $81.15 and a 12-month high of $233.15. The firm has a market capitalization of $826.59 million, a P/E ratio of 6.72 and a beta of 2.19. The firm has a 50-day moving average price of $123.54 and a 200 day moving average price of $110.10. The company has a current ratio of 1.58, a quick ratio of 0.28 and a debt-to-equity ratio of 0.11.

Hovnanian Enterprises (NYSE:HOV) last posted its earnings results on Thursday, August 21st. The construction company reported $1.99 earnings per share 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 revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $9.75 earnings per share. Hovnanian Enterprises has set its Q4 2025 guidance at EPS.

Insider Transactions at Hovnanian Enterprises

In other Hovnanian Enterprises news, Director Edward A. Kangas sold 5,500 shares of the company’s stock in a transaction on Monday, June 30th. The stock was sold at an average price of $107.12, for a total transaction of $589,160.00. Following the transaction, the director directly owned 5,338 shares in the company, 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 Securities & Exchange Commission, which is available at the SEC website. 19.77% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Hovnanian Enterprises

A number of institutional investors have recently modified their holdings of HOV. Tower Research Capital LLC TRC lifted its stake in Hovnanian Enterprises by 614.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 557 shares of the construction company’s stock worth $58,000 after acquiring an additional 479 shares in the last quarter. Creative Financial Designs Inc. ADV acquired a new position in Hovnanian Enterprises in the 1st quarter valued at about $80,000. GAMMA Investing LLC increased its stake in Hovnanian Enterprises by 553.9% during the second quarter. GAMMA Investing LLC now owns 994 shares of the construction company’s stock worth $104,000 after purchasing an additional 842 shares during the period. Harbor Capital Advisors Inc. lifted its position in shares of Hovnanian Enterprises by 1,655.2% during the first quarter. Harbor Capital Advisors Inc. now owns 1,018 shares of the construction company’s stock worth $107,000 after purchasing an additional 960 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Hovnanian Enterprises in the first quarter valued at approximately $109,000. 65.40% of the stock is owned by institutional investors and hedge funds.

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.