1,031 Shares in Hovnanian Enterprises, Inc. (NYSE:HOV) Acquired by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. purchased a new position in Hovnanian Enterprises, Inc. (NYSE:HOV) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,031 shares of the construction company’s stock, valued at approximately $205,000.

A number of other institutional investors have also added to or reduced their stakes in HOV. Allspring Global Investments Holdings LLC purchased a new position in shares of Hovnanian Enterprises during the third quarter valued at about $33,000. Innealta Capital LLC bought a new position in Hovnanian Enterprises during the second quarter valued at approximately $37,000. FMR LLC grew its holdings in Hovnanian Enterprises by 20.6% during the 3rd quarter. FMR LLC now owns 346 shares of the construction company’s stock valued at $71,000 after buying an additional 59 shares in the last quarter. CWM LLC increased its stake in Hovnanian Enterprises by 89.6% in the 3rd quarter. CWM LLC now owns 749 shares of the construction company’s stock worth $153,000 after acquiring an additional 354 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new stake in Hovnanian Enterprises in the 2nd quarter worth approximately $156,000. 65.40% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Hovnanian Enterprises news, Director Robin Stone Sellers sold 531 shares of Hovnanian Enterprises stock in a transaction on Friday, September 27th. The shares were sold at an average price of $205.75, for a total transaction of $109,253.25. Following the completion of the transaction, the director now directly owns 21,033 shares of the company’s stock, valued at $4,327,539.75. The trade was a 2.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ara K. Hovnanian sold 877 shares of the stock in a transaction on Friday, September 27th. The shares were sold at an average price of $203.27, for a total transaction of $178,267.79. Following the completion of the sale, the chief executive officer now directly owns 46,279 shares in the company, valued at approximately $9,407,132.33. This represents a 1.86 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,552 shares of company stock valued at $1,299,715 over the last ninety days. 17.67% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, Wedbush reiterated a “neutral” rating and set a $155.00 target price on shares of Hovnanian Enterprises in a research report on Monday, December 16th.

Hovnanian Enterprises Stock Up 1.7 %

Shares of NYSE HOV opened at $134.84 on Monday. The company has a current ratio of 1.45, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20. Hovnanian Enterprises, Inc. has a 12-month low of $125.63 and a 12-month high of $240.34. The firm’s 50-day moving average price is $176.73 and its 200-day moving average price is $181.06. The stock has a market capitalization of $816.46 million, a price-to-earnings ratio of 4.20 and a beta of 2.62.

Hovnanian Enterprises 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.