Belpointe Asset Management LLC Grows Stock Holdings in Hovnanian Enterprises Inc $HOV

Belpointe Asset Management LLC increased its position in shares of Hovnanian Enterprises Inc (NYSE:HOV) by 15.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,678 shares of the construction company’s stock after buying an additional 489 shares during the period. Belpointe Asset Management LLC owned about 0.06% of Hovnanian Enterprises worth $385,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HOV. Creative Financial Designs Inc. ADV acquired a new stake in shares of Hovnanian Enterprises during the first quarter worth $80,000. Harbor Capital Advisors Inc. lifted 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 during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Hovnanian Enterprises in the 1st quarter valued at about $109,000. Russell Investments Group Ltd. lifted its position in Hovnanian Enterprises by 2,009.9% in the 1st quarter. Russell Investments Group Ltd. now owns 1,920 shares of the construction company’s stock valued at $201,000 after purchasing an additional 1,829 shares during the last quarter. Finally, PDT Partners LLC bought a new stake in Hovnanian Enterprises in the 1st quarter valued at about $208,000. Hedge funds and other institutional investors own 65.40% of the company’s stock.

Hovnanian Enterprises Stock Down 2.4%

HOV opened at $151.98 on Monday. Hovnanian Enterprises Inc has a fifty-two week low of $81.15 and a fifty-two week high of $233.15. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.62 and a quick ratio of 0.36. The firm’s fifty day moving average price is $133.18 and its two-hundred day moving average price is $111.86. The company has a market capitalization of $895.47 million, a P/E ratio of 7.31 and a beta of 2.12.

Hovnanian Enterprises (NYSE:HOV) last posted 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). Hovnanian Enterprises had a return on equity of 23.31% and a net margin of 5.06%.The business had revenue of $800.58 million for the quarter, compared to analyst estimates of $806.20 million. During the same quarter in the prior year, the firm earned $9.75 EPS. 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.

Insiders Place Their Bets

In other Hovnanian Enterprises news, CEO Ara K. Hovnanian sold 609 shares of Hovnanian Enterprises stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $138.31, for a total transaction of $84,230.79. Following the completion of the transaction, the chief executive officer directly owned 62,896 shares of the company’s stock, valued at approximately $8,699,145.76. This trade represents a 0.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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 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 disclosure for this sale can be found here. 19.77% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Wedbush reiterated a “neutral” rating and issued a $120.00 price objective on shares of Hovnanian Enterprises in a research report on Wednesday, August 27th. Wall Street Zen upgraded shares of Hovnanian Enterprises from a “sell” rating to a “hold” rating in a research report on Sunday, September 7th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Hovnanian Enterprises presently has a consensus rating of “Reduce” and an average 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.