Belpointe Asset Management LLC Boosts Stock Position in Hovnanian Enterprises Inc $HOV

Belpointe Asset Management LLC boosted its holdings in shares of Hovnanian Enterprises Inc (NYSE:HOV) by 10.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,053 shares of the construction company’s stock after acquiring an additional 375 shares during the quarter. Belpointe Asset Management LLC owned 0.07% of Hovnanian Enterprises worth $424,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Farther Finance Advisors LLC raised its position in shares of Hovnanian Enterprises by 46.5% in the 1st quarter. Farther Finance Advisors LLC now owns 2,913 shares of the construction company’s stock worth $305,000 after acquiring an additional 925 shares in the last quarter. Harbor Capital Advisors Inc. increased its position in Hovnanian Enterprises by 1,655.2% during the 1st quarter. Harbor Capital Advisors Inc. now owns 1,018 shares of the construction company’s stock valued at $107,000 after buying an additional 960 shares in the last quarter. Assenagon Asset Management S.A. increased its position in Hovnanian Enterprises by 26.2% during the 1st quarter. Assenagon Asset Management S.A. now owns 40,423 shares of the construction company’s stock valued at $4,233,000 after buying an additional 8,388 shares in the last quarter. Exchange Traded Concepts LLC increased its position in Hovnanian Enterprises by 10.1% during the 1st quarter. Exchange Traded Concepts LLC now owns 2,350 shares of the construction company’s stock valued at $246,000 after buying an additional 215 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV acquired a new position in Hovnanian Enterprises during the 1st quarter valued at about $80,000. Hedge funds and other institutional investors own 65.40% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Wedbush reaffirmed a “neutral” rating and set a $120.00 target price on shares of Hovnanian Enterprises in a research report on Wednesday, August 27th. Wall Street Zen raised Hovnanian Enterprises from a “sell” rating to a “hold” rating in a research report on Sunday, September 7th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Hovnanian Enterprises in a report on Wednesday. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Hovnanian Enterprises currently has an average rating of “Reduce” and an average target price of $120.00.

Insider Buying and Selling

In related news, CEO Ara K. Hovnanian sold 609 shares of the firm’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $138.31, for a total transaction of $84,230.79. Following the sale, the chief executive officer directly owned 62,896 shares of the company’s stock, valued at $8,699,145.76. This trade represents a 0.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 19.77% of the stock is currently owned by company insiders.

Hovnanian Enterprises Stock Down 3.1%

Shares of HOV stock opened at $118.29 on Friday. The stock’s 50-day simple moving average is $139.83 and its 200-day simple moving average is $115.53. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.36 and a current ratio of 1.62. The firm has a market capitalization of $696.73 million, a PE ratio of 5.69 and a beta of 2.12. Hovnanian Enterprises Inc has a fifty-two week low of $81.15 and a fifty-two week high of $212.77.

Hovnanian Enterprises (NYSE:HOV) last announced its quarterly earnings data on Thursday, August 21st. The construction company reported $1.99 earnings per share for the quarter, missing analysts’ consensus estimates of $3.51 by ($1.52). The firm had revenue of $800.58 million during the quarter, compared to analyst estimates of $806.20 million. Hovnanian Enterprises had a net margin of 5.06% and a return on equity of 23.31%. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same period in the prior year, the company posted $9.75 earnings per share. Hovnanian Enterprises has set its Q4 2025 guidance at EPS.

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.