Hovnanian Enterprises, Inc. (NYSE:HOV – Get Free Report) Director Robin Stone Sellers sold 1,459 shares of the firm’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $154.20, for a total transaction of $224,977.80. Following the completion of the transaction, the director now directly owns 22,716 shares of the company’s stock, valued at $3,502,807.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Hovnanian Enterprises Stock Down 3.8 %
HOV opened at $147.77 on Monday. The stock’s fifty day simple moving average is $151.33 and its 200 day simple moving average is $150.49. Hovnanian Enterprises, Inc. has a 1-year low of $65.22 and a 1-year high of $184.42. The stock has a market cap of $885.14 million, a PE ratio of 4.93 and a beta of 2.45. The company has a current ratio of 1.35, a quick ratio of 0.32 and a debt-to-equity ratio of 0.17.
Hovnanian Enterprises (NYSE:HOV – Get Free Report) last released its quarterly earnings data on Wednesday, May 22nd. The construction company reported $6.66 EPS for the quarter. The firm had revenue of $708.38 million for the quarter. Hovnanian Enterprises had a net margin of 8.02% and a return on equity of 54.85%. As a group, research analysts expect that Hovnanian Enterprises, Inc. will post 27 earnings per share for the current year.
Institutional Inflows and Outflows
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the stock. StockNews.com raised shares of Hovnanian Enterprises from a “hold” rating to a “buy” rating in a research report on Monday, June 3rd. Zelman & Associates upgraded Hovnanian Enterprises from an “underperform” rating to a “neutral” rating and set a $155.00 price target for the company in a report on Thursday, May 23rd.
View Our Latest Analysis on Hovnanian Enterprises
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.
Further Reading
- Five stocks we like better than Hovnanian Enterprises
- Conference Calls and Individual Investors
- MarketBeat Week in Review – 6/10 – 6/14
- CD Calculator: Certificate of Deposit Calculator
- Top 5 High-Performance Cryptocurrency ETFs to Watch
- How to Use the MarketBeat Dividend Calculator
- 3 Stocks That Plummeted After the Post-Fed Speech Crash
Receive News & Ratings for Hovnanian Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hovnanian Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.