Hovnanian Enterprises Inc $HOV Shares Bought by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. raised its holdings in Hovnanian Enterprises Inc (NYSE:HOV) by 23.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,259 shares of the construction company’s stock after acquiring an additional 241 shares during the period. Harbor Capital Advisors Inc.’s holdings in Hovnanian Enterprises were worth $132,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of HOV. Creative Financial Designs Inc. ADV acquired a new stake in shares of Hovnanian Enterprises during the 1st quarter worth $80,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Hovnanian Enterprises in the 1st quarter valued at $109,000. Russell Investments Group Ltd. increased its holdings 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 in the last quarter. PDT Partners LLC acquired a new stake in Hovnanian Enterprises in the 1st quarter valued at $208,000. Finally, Citadel Advisors LLC acquired a new stake in Hovnanian Enterprises in the 4th quarter valued at $269,000. 65.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other Hovnanian Enterprises news, CEO Ara K. Hovnanian sold 609 shares of Hovnanian Enterprises stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $138.31, for a total transaction of $84,230.79. Following the completion of 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Edward A. Kangas sold 5,500 shares of Hovnanian Enterprises stock in a transaction on Monday, June 30th. The shares were sold at an average price of $107.12, for a total transaction of $589,160.00. Following the sale, the director directly owned 5,338 shares of the company’s stock, valued at $571,806.56. This trade 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 Down 3.8%

Shares of NYSE:HOV opened at $143.86 on Friday. The company has a 50 day moving average price of $136.37 and a 200 day moving average price of $113.36. Hovnanian Enterprises Inc has a 1-year low of $81.15 and a 1-year high of $221.59. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.36 and a current ratio of 1.62. The stock has a market capitalization of $847.32 million, a price-to-earnings ratio of 6.92 and a beta of 2.12.

Hovnanian Enterprises (NYSE:HOV) last posted 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 return on equity of 23.31% and a net margin of 5.06%.The firm had revenue of $800.58 million during the quarter, compared to analyst estimates of $806.20 million. During the same period in the prior year, the business posted $9.75 EPS. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. Hovnanian Enterprises has set its Q4 2025 guidance at EPS.

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.