Hovnanian Enterprises Inc $HOV Shares Sold by Invesco Ltd.

Invesco Ltd. lessened its holdings in shares of Hovnanian Enterprises Inc (NYSE:HOV) by 2.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,363 shares of the construction company’s stock after selling 481 shares during the period. Invesco Ltd. owned approximately 0.29% of Hovnanian Enterprises worth $1,818,000 as of its most recent SEC filing.

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

Insider Buying and Selling at Hovnanian Enterprises

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

Hovnanian Enterprises Trading Up 0.7%

Shares of HOV opened at $140.24 on Monday. Hovnanian Enterprises Inc has a 1 year low of $81.15 and a 1 year high of $233.15. The company has a current ratio of 1.58, a quick ratio of 0.28 and a debt-to-equity ratio of 0.11. The stock has a 50 day simple moving average of $125.39 and a 200-day simple moving average of $109.91. The stock has a market cap of $830.19 million, a PE ratio of 6.75 and a beta of 2.12.

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

Analysts Set New Price Targets

A number of research firms have commented on HOV. Wall Street Zen downgraded shares of Hovnanian Enterprises from a “hold” rating to a “sell” rating in a research note on Saturday. Wedbush reiterated a “neutral” rating and issued a $120.00 target price on shares of Hovnanian Enterprises in a research report on Wednesday, August 27th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $120.00.

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.