Hovnanian Enterprises Inc (NYSE:HOV – Get Free Report) Director Edward A. Kangas sold 5,500 shares of the business’s stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $107.12, for a total value of $589,160.00. Following the completion of the transaction, the director directly owned 5,338 shares of the company’s stock, valued at approximately $571,806.56. This trade represents a 50.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Hovnanian Enterprises Price Performance
Shares of Hovnanian Enterprises stock opened at $113.33 on Friday. The company has a quick ratio of 0.28, a current ratio of 1.58 and a debt-to-equity ratio of 0.11. Hovnanian Enterprises Inc has a twelve month low of $81.15 and a twelve month high of $240.34. The business has a 50-day moving average price of $99.51 and a 200 day moving average price of $111.32. The firm has a market cap of $670.91 million, a PE ratio of 3.97 and a beta of 2.13.
Hovnanian Enterprises (NYSE:HOV – Get Free Report) last announced its quarterly earnings results on Tuesday, May 20th. The construction company reported $2.43 earnings per share for the quarter, missing the consensus estimate of $2.45 by ($0.02). Hovnanian Enterprises had a net margin of 7.03% and a return on equity of 33.18%. The business had revenue of $686.47 million during the quarter, compared to analysts’ expectations of $733.20 million. The business’s revenue was down 3.1% on a year-over-year basis.
Hedge Funds Weigh In On Hovnanian Enterprises
Wall Street Analyst Weigh In
HOV has been the subject of several analyst reports. Wall Street Zen cut Hovnanian Enterprises from a “hold” rating to a “sell” rating in a report on Wednesday, May 21st. Wedbush restated a “neutral” rating and issued a $120.00 price target on shares of Hovnanian Enterprises in a research note on Wednesday, June 11th.
Check Out Our Latest Report on HOV
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.
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