Hovnanian Enterprises (NYSE:HOV) Stock Price Passes Above 200-Day Moving Average of $132.86

Hovnanian Enterprises, Inc. (NYSE:HOV) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $132.86 and traded as high as $152.47. Hovnanian Enterprises shares last traded at $151.75, with a volume of 34,169 shares changing hands.

Analyst Ratings Changes

HOV has been the topic of a number of recent analyst reports. Zelman & Associates reaffirmed an “underperform” rating on shares of Hovnanian Enterprises in a research report on Friday, April 12th. StockNews.com lowered shares of Hovnanian Enterprises from a “buy” rating to a “hold” rating in a report on Sunday, March 3rd. Finally, TheStreet upgraded shares of Hovnanian Enterprises from a “c+” rating to a “b-” rating in a report on Friday, February 16th.

Hovnanian Enterprises Stock Performance

The company has a debt-to-equity ratio of 2.19, a quick ratio of 0.86 and a current ratio of 4.07. The company has a market capitalization of $925.68 million, a price-to-earnings ratio of 5.46 and a beta of 2.61. The firm has a 50-day simple moving average of $146.86 and a two-hundred day simple moving average of $132.86.

Hovnanian Enterprises (NYSE:HOV) last posted its quarterly earnings data on Thursday, February 22nd. The construction company reported $2.75 EPS for the quarter. Hovnanian Enterprises had a net margin of 7.45% and a return on equity of 58.22%. The business had revenue of $594.20 million during the quarter.

Insider Transactions at Hovnanian Enterprises

In other news, CEO Ara K. Hovnanian sold 1,000 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $157.82, for a total value of $157,820.00. Following the sale, the chief executive officer now directly owns 51,475 shares in the company, valued at $8,123,784.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 17.67% of the company’s stock.

Institutional Trading of Hovnanian Enterprises

Hedge funds have recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale purchased a new stake in shares of Hovnanian Enterprises in the 3rd quarter valued at approximately $66,000. CWM LLC grew its stake in shares of Hovnanian Enterprises by 3,541.7% during the first quarter. CWM LLC now owns 437 shares of the construction company’s stock worth $69,000 after purchasing an additional 425 shares in the last quarter. AJOVista LLC purchased a new position in Hovnanian Enterprises in the fourth quarter valued at $97,000. Russell Investments Group Ltd. raised its stake in Hovnanian Enterprises by 27.4% in the fourth quarter. Russell Investments Group Ltd. now owns 791 shares of the construction company’s stock valued at $123,000 after buying an additional 170 shares in the last quarter. Finally, Barclays PLC lifted its holdings in Hovnanian Enterprises by 78.6% during the 3rd quarter. Barclays PLC now owns 1,709 shares of the construction company’s stock worth $173,000 after buying an additional 752 shares during the last quarter. Institutional investors and hedge funds own 65.40% of the company’s stock.

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.