Hovnanian Enterprises (NYSE:HOV) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Hovnanian Enterprises (NYSE:HOV) from a sell rating to a hold rating in a report published on Sunday.

Separately, Wedbush restated a “neutral” rating and issued a $120.00 price objective on shares of Hovnanian Enterprises in a report on Wednesday, August 27th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $120.00.

Hovnanian Enterprises Stock Performance

Shares of HOV stock opened at $147.40 on Friday. The company has a quick ratio of 0.36, a current ratio of 1.62 and a debt-to-equity ratio of 0.08. Hovnanian Enterprises has a 52 week low of $81.15 and a 52 week high of $233.15. The stock has a market capitalization of $868.19 million, a PE ratio of 7.09 and a beta of 2.12. The firm has a 50 day moving average of $130.98 and a two-hundred day moving average of $110.83.

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

Insider Buying and Selling at Hovnanian Enterprises

In related news, CEO Ara K. Hovnanian sold 609 shares of Hovnanian Enterprises stock in a transaction on Thursday, August 28th. The shares were 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 in the company, valued at $8,699,145.76. This trade represents a 0.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Edward A. Kangas sold 5,500 shares of Hovnanian Enterprises stock in a transaction on Monday, June 30th. The stock was sold at an average price of $107.12, for a total transaction of $589,160.00. Following the sale, the director owned 5,338 shares in the company, valued at $571,806.56. This represents a 50.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. 19.77% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Osaic Holdings Inc. increased its stake in Hovnanian Enterprises by 72.1% in the second quarter. Osaic Holdings Inc. now owns 432 shares of the construction company’s stock valued at $45,000 after purchasing an additional 181 shares during the period. Tower Research Capital LLC TRC increased its stake in Hovnanian Enterprises by 614.1% in the second quarter. Tower Research Capital LLC TRC now owns 557 shares of the construction company’s stock valued at $58,000 after purchasing an additional 479 shares during the period. Creative Financial Designs Inc. ADV acquired a new position in Hovnanian Enterprises in the first quarter valued at $80,000. GAMMA Investing LLC increased its stake in Hovnanian Enterprises by 553.9% in the second quarter. GAMMA Investing LLC now owns 994 shares of the construction company’s stock valued at $104,000 after purchasing an additional 842 shares during the period. Finally, Harbor Capital Advisors Inc. increased its stake in Hovnanian Enterprises by 1,655.2% in the first quarter. Harbor Capital Advisors Inc. now owns 1,018 shares of the construction company’s stock valued at $107,000 after purchasing an additional 960 shares during the period. 65.40% of the stock is currently owned by institutional investors and hedge funds.

About Hovnanian Enterprises

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.