Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) Stock Price Passes Below Fifty Day Moving Average of $18.11

Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP)’s stock price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $18.11 and traded as low as $17.95. Hovnanian Enterprises, Inc. PFD DEP1/1000A shares last traded at $17.97, with a volume of 1,867 shares trading hands.

Hovnanian Enterprises, Inc. PFD DEP1/1000A Stock Performance

The firm’s fifty day simple moving average is $18.11 and its 200 day simple moving average is $18.05.

Hovnanian Enterprises, Inc. PFD DEP1/1000A Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 1st were paid a dividend of $0.4766 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $1.91 annualized dividend and a dividend yield of 10.61%.

Insider Transactions at Hovnanian Enterprises, Inc. PFD DEP1/1000A

In other news, CEO Ara K. Hovnanian sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $157.82, for a total transaction of $157,820.00. Following the completion of the transaction, the chief executive officer now directly owns 51,475 shares of the company’s stock, valued at approximately $8,123,784.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

About Hovnanian Enterprises, Inc. PFD DEP1/1000A

for a complete listing of all our available career opportunities, please visit khov.com/careers. hovnanian enterprises, inc., founded in 1959 by kevork s. hovnanian, is headquartered in red bank, new jersey. the company is one of the nation’s largest homebuilders with operations in arizona, california, delaware, florida, georgia, illinois, maryland, new jersey, ohio, pennsylvania, south carolina, texas, virginia, washington, d.c.