Denali Advisors LLC Purchases 494 Shares of Hovnanian Enterprises Inc $HOV

Denali Advisors LLC grew its position in shares of Hovnanian Enterprises Inc (NYSE:HOV) by 3.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,308 shares of the construction company’s stock after buying an additional 494 shares during the period. Denali Advisors LLC’s holdings in Hovnanian Enterprises were worth $1,705,000 at the end of the most recent quarter.

Several other large 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 1st quarter worth $80,000. GAMMA Investing LLC grew its holdings in shares of Hovnanian Enterprises by 553.9% during the 2nd quarter. GAMMA Investing LLC now owns 994 shares of the construction company’s stock worth $104,000 after purchasing an additional 842 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Hovnanian Enterprises during the 1st quarter worth $109,000. Harbor Capital Advisors Inc. grew its holdings in shares of Hovnanian Enterprises by 23.7% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 1,259 shares of the construction company’s stock worth $132,000 after purchasing an additional 241 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings 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 purchasing an additional 1,829 shares in the last quarter. Institutional investors own 65.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Wall Street Zen raised Hovnanian Enterprises from a “sell” rating to a “hold” rating in a report on Sunday, September 7th. Wedbush reaffirmed a “neutral” rating and issued a $120.00 price objective on shares of Hovnanian Enterprises in a research note on Wednesday, August 27th. Zacks Research lowered Hovnanian Enterprises from a “hold” rating to a “strong sell” rating in a research note on Friday, October 10th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hovnanian Enterprises in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Hovnanian Enterprises has an average rating of “Reduce” and an average price target of $120.00.

Hovnanian Enterprises Price Performance

Hovnanian Enterprises stock opened at $128.48 on Thursday. The stock’s 50 day moving average is $138.05 and its 200 day moving average is $116.76. 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 has a market cap of $756.76 million, a P/E ratio of 6.18 and a beta of 2.12. Hovnanian Enterprises Inc has a one year low of $81.15 and a one year high of $202.00.

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). The company had revenue of $800.58 million during the quarter, compared to analyst estimates of $806.20 million. Hovnanian Enterprises had a return on equity of 23.31% and a net margin of 5.06%.Hovnanian Enterprises’s revenue was up 10.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $9.75 earnings per share. 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 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 sale, the chief executive officer directly owned 62,896 shares in the company, valued at approximately $8,699,145.76. The trade was a 0.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 19.77% of the company’s stock.

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.