Woodson Capital Management LP Boosts Stake in Hovnanian Enterprises, Inc. (NYSE:HOV)

Woodson Capital Management LP boosted its stake in Hovnanian Enterprises, Inc. (NYSE:HOV) by 18.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 35,500 shares of the construction company’s stock after buying an additional 5,500 shares during the quarter. Hovnanian Enterprises makes up about 0.8% of Woodson Capital Management LP’s holdings, making the stock its 26th biggest position. Woodson Capital Management LP owned about 0.59% of Hovnanian Enterprises worth $4,751,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HOV. Exchange Traded Concepts LLC lifted its stake in Hovnanian Enterprises by 51.3% in the 4th quarter. Exchange Traded Concepts LLC now owns 2,135 shares of the construction company’s stock valued at $286,000 after buying an additional 724 shares in the last quarter. Empowered Funds LLC raised its holdings in Hovnanian Enterprises by 5.0% in the 4th quarter. Empowered Funds LLC now owns 30,667 shares of the construction company’s stock valued at $4,104,000 after acquiring an additional 1,461 shares during the last quarter. Rhumbline Advisers raised its holdings in Hovnanian Enterprises by 1.0% in the 4th quarter. Rhumbline Advisers now owns 8,850 shares of the construction company’s stock valued at $1,184,000 after acquiring an additional 85 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Hovnanian Enterprises by 7.2% in the 4th quarter. Principal Financial Group Inc. now owns 2,383 shares of the construction company’s stock valued at $319,000 after acquiring an additional 161 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in Hovnanian Enterprises by 23.0% in the 4th quarter. Victory Capital Management Inc. now owns 4,199 shares of the construction company’s stock valued at $562,000 after acquiring an additional 785 shares during the last quarter. Hedge funds and other institutional investors own 65.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on HOV shares. Zelman & Associates reiterated an “underperform” rating on shares of Hovnanian Enterprises in a report on Wednesday, February 12th. StockNews.com downgraded Hovnanian Enterprises from a “hold” rating to a “sell” rating in a report on Tuesday, March 18th.

Hovnanian Enterprises Trading Down 1.1%

HOV stock opened at $110.24 on Tuesday. The company has a market cap of $653.17 million, a price-to-earnings ratio of 3.43 and a beta of 2.28. The company has a quick ratio of 0.34, a current ratio of 1.52 and a debt-to-equity ratio of 0.14. The business has a fifty day simple moving average of $101.23 and a 200-day simple moving average of $128.80. Hovnanian Enterprises, Inc. has a 52 week low of $81.15 and a 52 week high of $240.34.

Hovnanian Enterprises (NYSE:HOV) last released its quarterly earnings data on Thursday, February 27th. The construction company reported $3.58 EPS for the quarter, topping analysts’ consensus estimates of $2.71 by $0.87. The business had revenue of $673.62 million during the quarter, compared to the consensus estimate of $705.80 million. Hovnanian Enterprises had a return on equity of 43.47% and a net margin of 8.05%.

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.