Farther Finance Advisors LLC Grows Position in Hovnanian Enterprises Inc $HOV

Farther Finance Advisors LLC grew its stake in Hovnanian Enterprises Inc (NYSE:HOV) by 14.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,335 shares of the construction company’s stock after purchasing an additional 422 shares during the period. Farther Finance Advisors LLC owned about 0.06% of Hovnanian Enterprises worth $349,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Creative Financial Designs Inc. ADV purchased a new stake in Hovnanian Enterprises in the 1st quarter worth approximately $80,000. Harbor Capital Advisors Inc. boosted 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 worth $107,000 after purchasing an additional 960 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Hovnanian Enterprises during the 1st quarter worth approximately $109,000. Russell Investments Group Ltd. raised its stake in shares of Hovnanian Enterprises by 2,009.9% during the 1st quarter. Russell Investments Group Ltd. now owns 1,920 shares of the construction company’s stock worth $201,000 after buying an additional 1,829 shares during the period. Finally, PDT Partners LLC acquired a new position in shares of Hovnanian Enterprises during the 1st quarter worth approximately $208,000. Hedge funds and other institutional investors own 65.40% of the company’s stock.

Hovnanian Enterprises Stock Performance

NYSE HOV opened at $131.62 on Tuesday. The stock has a market cap of $775.50 million, a PE ratio of 6.33 and a beta of 2.12. The company has a current ratio of 1.62, a quick ratio of 0.36 and a debt-to-equity ratio of 0.08. Hovnanian Enterprises Inc has a twelve month low of $81.15 and a twelve month high of $212.77. The stock has a fifty day simple moving average of $139.17 and a 200-day simple moving average of $114.64.

Hovnanian Enterprises (NYSE:HOV) last announced its earnings results 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 23.31%. The firm had revenue of $800.58 million for the quarter, compared to analysts’ expectations of $806.20 million. During the same quarter last year, the business earned $9.75 earnings per share. The business’s revenue was up 10.8% compared to the same quarter last year. Hovnanian Enterprises has set its Q4 2025 guidance at EPS.

Insider Buying and Selling

In other Hovnanian Enterprises news, CEO Ara K. Hovnanian sold 609 shares of the 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 Securities & Exchange Commission, which is available at this link. 19.77% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Wall Street Zen raised Hovnanian Enterprises from a “sell” rating to a “hold” rating in a research note on Sunday, September 7th. Wedbush reaffirmed a “neutral” rating and set a $120.00 target price on shares of Hovnanian Enterprises in a research note on Wednesday, August 27th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $120.00.

Hovnanian Enterprises 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.