Hovnanian Enterprises (NYSE:HOV) Upgraded to Neutral by Zelman & Associates

Zelman & Associates increased the value of the company’s shares Hovnanian Enterprises (NYSE:HOV – Free Report) Benzinga says it upgraded the stock’s weak rating to neutral in a research note issued to investors on Thursday. Zelman & Associates currently has a price target for shares of this construction company of $155.00.

HOV has been the subject of several other research reports. In a report dated Sunday, March 3, StockNews.com lowered its recommendation for Hovnanian Enterprises from buy to hold. TheStreet upgraded Hovnanian Enterprises from a C+ to a B- on Friday, February 16.

Check out our latest stock report on Hovnanian Enterprises

Hovnanian Enterprises stock performance

On Thursday, NYSE:HOV began trading at $141.57. The company has a current ratio of 4.07, a quick ratio of 0.86 and a debt to equity ratio of 2.19. Hovnanian Enterprises has a 12 month low of $65.22 and a 12 month high of $184.42. The stock has a 50-day moving average price of $151.50 and a 200-day moving average price of $143.27. The market capitalization of the company’s shares is USD 863.58 million, the P/E ratio is 4.72 and the beta coefficient is 2.62.

Hovnanian Enterprises (NYSE:HOV – Get Free Report) last released its earnings results on Thursday, February 22nd. The construction company reported $2.75 earnings per share (EPS) for the quarter. Hovnanian Enterprises had a return on equity of 57.78% and a net margin of 8.02%. The company posted revenue of $594.20 million during the quarter.

Insider Buying and Selling at Hovnanian Enterprises

In other news, CEO Ara K. Hovnanian sold 1,000 shares of the company’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 value of $157,820.00. Following the completion of the sale, the CEO now directly owns 51,475 shares of the company’s stock, valued at approximately $8,123,784.50. The transaction was disclosed in a filing with the Securities and Exchange Commission, which is available on the SEC’s website. Currently, 17.67% of the shares are owned by company insiders.

Institutional investors criticize Hovnanian’s businesses

Institutional investors have recently modified their holdings in the stock. DekaBank Deutsche Girozentrale acquired a new block of shares in Hovnanian Enterprises worth approximately PLN 66,000 in the third quarter. dollars. CWM LLC increased its holdings 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 valued at $69,000 after acquiring an additional 425 shares in the last quarter. AJOVista LLC purchased a new stake in shares of Hovnanian Enterprises during the 4th quarter valued at approximately $97,000. Russell Investments Group Ltd. increased its holdings in shares of Hovnanian Enterprises by 27.4% during the 4th quarter. Russell Investments Group Ltd. now owns 791 shares of the construction company’s stock valued at $123,000 after acquiring an additional 170 shares in the last quarter. Finally, EntryPoint Capital LLC increased its holdings in shares of Hovnanian Enterprises by 309.9% during the first quarter. EntryPoint Capital LLC now owns 828 shares of the construction company’s stock valued at $130,000 after acquiring an additional 626 shares in the last quarter. Institutional investors hold 65.40% of the shares.

About Hovnanian Enterprises

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Hovnanian Enterprises, Inc, through its subsidiaries, designs, constructs, markets and sells residential homes in the United States. It offers single-family detached homes, townhomes and condominiums, urban infills and active lifestyle homes with amenities such as clubhouses, swimming pools, tennis courts, small lots and open spaces.

Hovnanian Enterprises stock performance

Insider Buying and Selling at Hovnanian Enterprises

Institutional investors criticize Hovnanian’s businesses

About Hovnanian Enterprises

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