Hovnanian Enterprises, Inc. (NYSE:HOV) Short Interest Update

Hovnanian Enterprises, Inc. (NYSE:HOVGet Free Report) saw a significant increase in short interest in March. As of March 15th, there was short interest totalling 234,400 shares, an increase of 6.8% from the February 29th total of 219,500 shares. Approximately 5.0% of the shares of the stock are short sold. Based on an average trading volume of 83,400 shares, the short-interest ratio is currently 2.8 days.

Hovnanian Enterprises Trading Down 4.8 %

Shares of HOV traded down $7.42 during mid-day trading on Tuesday, reaching $147.57. The company’s stock had a trading volume of 17,134 shares, compared to its average volume of 84,327. The stock has a market cap of $900.18 million, a PE ratio of 5.57 and a beta of 2.61. 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 52 week low of $61.10 and a 52 week high of $183.60. The company’s fifty day moving average price is $154.53 and its two-hundred day moving average price is $126.27.

Hovnanian Enterprises (NYSE:HOVGet Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The construction company reported $2.75 earnings per share for the quarter. Hovnanian Enterprises had a net margin of 7.45% and a return on equity of 58.22%. The firm had revenue of $594.20 million during the quarter.

Wall Street Analysts Forecast Growth

A number of research firms have commented on HOV. StockNews.com cut shares of Hovnanian Enterprises from a “buy” rating to a “hold” rating in a research note on Sunday, March 3rd. TheStreet raised shares of Hovnanian Enterprises from a “c+” rating to a “b-” rating in a research note on Friday, February 16th.

View Our Latest Stock Analysis on HOV

Insider Activity at Hovnanian Enterprises

In other Hovnanian Enterprises news, CEO Ara K. Hovnanian sold 1,000 shares of the business’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 transaction, the chief executive officer now 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 SEC, which is available through this link. 17.67% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Hovnanian Enterprises

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its holdings in Hovnanian Enterprises by 157.6% in the 3rd quarter. Tower Research Capital LLC TRC now owns 778 shares of the construction company’s stock worth $28,000 after purchasing an additional 476 shares in the last quarter. Ensign Peak Advisors Inc raised its holdings in Hovnanian Enterprises by 95.2% in the 3rd quarter. Ensign Peak Advisors Inc now owns 820 shares of the construction company’s stock worth $29,000 after purchasing an additional 400 shares in the last quarter. Point72 Asset Management L.P. bought a new position in Hovnanian Enterprises in the 4th quarter worth $29,000. FMR LLC raised its holdings in Hovnanian Enterprises by 1,861.5% in the 2nd quarter. FMR LLC now owns 765 shares of the construction company’s stock worth $33,000 after purchasing an additional 726 shares in the last quarter. Finally, State of Wyoming bought a new position in Hovnanian Enterprises in the 2nd quarter worth $42,000. 65.40% of the stock is currently owned by institutional investors.

About Hovnanian Enterprises

(Get Free Report)

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.

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