Mackenzie Financial Corp Invests $200,000 in Hovnanian Enterprises, Inc. (NYSE:HOV)

Mackenzie Financial Corp acquired a new position in shares of Hovnanian Enterprises, Inc. (NYSE:HOV) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,286 shares of the construction company’s stock, valued at approximately $200,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its holdings in shares of Hovnanian Enterprises by 1.0% during the third quarter. Bank of New York Mellon Corp now owns 35,316 shares of the construction company’s stock valued at $3,590,000 after acquiring an additional 351 shares during the period. Teacher Retirement System of Texas bought a new position in Hovnanian Enterprises in the 3rd quarter worth about $468,000. Principal Financial Group Inc. acquired a new position in shares of Hovnanian Enterprises during the third quarter worth approximately $227,000. Los Angeles Capital Management LLC acquired a new stake in Hovnanian Enterprises in the 3rd quarter valued at approximately $1,614,000. Finally, Jump Financial LLC raised its stake in Hovnanian Enterprises by 30.3% during the 3rd quarter. Jump Financial LLC now owns 6,462 shares of the construction company’s stock valued at $657,000 after acquiring an additional 1,502 shares in the last quarter. 65.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Hovnanian Enterprises news, CEO Ara K. Hovnanian sold 1,000 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $157.82, for a total value of $157,820.00. Following the completion of the transaction, the chief executive officer now directly owns 51,475 shares in the company, valued at $8,123,784.50. The sale was disclosed in a filing with the SEC, which is accessible through this link. 17.67% of the stock is currently owned by company insiders.

Hovnanian Enterprises Stock Up 1.2 %

HOV stock opened at $151.75 on Tuesday. The firm has a market cap of $925.68 million, a PE ratio of 5.46 and a beta of 2.61. Hovnanian Enterprises, Inc. has a 12 month low of $65.22 and a 12 month high of $183.60. The company has a debt-to-equity ratio of 2.19, a current ratio of 4.07 and a quick ratio of 0.86. The firm has a 50 day simple moving average of $146.86 and a 200 day simple moving average of $132.86.

Hovnanian Enterprises (NYSE:HOV) last released its quarterly earnings data on Thursday, February 22nd. The construction company reported $2.75 earnings per share for the quarter. The business had revenue of $594.20 million during the quarter. Hovnanian Enterprises had a return on equity of 58.22% and a net margin of 7.45%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on HOV shares. Zelman & Associates reissued an “underperform” rating on shares of Hovnanian Enterprises in a research note on Friday, April 12th. StockNews.com downgraded Hovnanian Enterprises from a “buy” rating to a “hold” rating in a research note on Sunday, March 3rd. Finally, TheStreet raised Hovnanian Enterprises from a “c+” rating to a “b-” rating in a report on Friday, February 16th.

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.