American Century Companies Inc. Sells 19,182 Shares of Hovnanian Enterprises Inc $HOV

American Century Companies Inc. decreased its stake in shares of Hovnanian Enterprises Inc (NYSE:HOV) by 36.7% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 33,062 shares of the construction company’s stock after selling 19,182 shares during the period. American Century Companies Inc. owned 0.56% of Hovnanian Enterprises worth $3,462,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Barclays PLC boosted its position in Hovnanian Enterprises by 12.5% during the fourth quarter. Barclays PLC now owns 9,306 shares of the construction company’s stock worth $1,246,000 after purchasing an additional 1,032 shares during the period. First Trust Advisors LP acquired a new stake in shares of Hovnanian Enterprises in the fourth quarter worth $2,772,000. Dimensional Fund Advisors LP lifted its stake in shares of Hovnanian Enterprises by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 180,913 shares of the construction company’s stock worth $24,210,000 after buying an additional 602 shares during the last quarter. MetLife Investment Management LLC boosted its holdings in shares of Hovnanian Enterprises by 10.0% during the 4th quarter. MetLife Investment Management LLC now owns 2,996 shares of the construction company’s stock worth $401,000 after buying an additional 272 shares during the period. Finally, Tudor Investment Corp ET AL grew its stake in Hovnanian Enterprises by 11.4% in the 4th quarter. Tudor Investment Corp ET AL now owns 3,716 shares of the construction company’s stock valued at $497,000 after buying an additional 379 shares during the last quarter. 65.40% of the stock is currently owned by institutional investors and hedge funds.

Hovnanian Enterprises Trading Up 0.7%

Shares of HOV stock opened at $140.24 on Friday. The firm has a market capitalization of $830.19 million, a P/E ratio of 6.75 and a beta of 2.19. Hovnanian Enterprises Inc has a 1 year low of $81.15 and a 1 year high of $233.15. The firm’s fifty day simple moving average is $125.39 and its 200 day simple moving average is $110.07. 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 issued its quarterly earnings results on Thursday, August 21st. The construction company reported $1.99 earnings per share for the quarter, missing analysts’ consensus estimates of $3.51 by ($1.52). The company had revenue of $800.58 million during the quarter, compared to the consensus estimate of $806.20 million. Hovnanian Enterprises had a net margin of 5.06% and a return on equity of 23.52%. Hovnanian Enterprises’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same period last year, the company earned $9.75 earnings per share. Hovnanian Enterprises has set its Q4 2025 guidance at EPS.

Analyst Upgrades and Downgrades

HOV has been the subject of a number of research analyst reports. Wall Street Zen lowered shares of Hovnanian Enterprises from a “hold” rating to a “sell” rating in a research report on Saturday. Wedbush reiterated a “neutral” rating and issued a $120.00 price objective on shares of Hovnanian Enterprises in a research note on Wednesday. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $120.00.

Insider Activity

In other Hovnanian Enterprises news, CEO Ara K. Hovnanian sold 609 shares of the company’s stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $138.31, for a total value of $84,230.79. Following the completion of the transaction, the chief executive officer owned 62,896 shares of the company’s stock, valued at $8,699,145.76. This represents a 0.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Edward A. Kangas sold 5,500 shares of Hovnanian Enterprises stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $107.12, for a total value of $589,160.00. Following the sale, the director directly owned 5,338 shares in the company, valued at $571,806.56. The trade was a 50.75% decrease in their position. The disclosure for this sale can be found here. 19.77% of the stock is currently owned by company insiders.

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.