Hovnanian Enterprises, Inc. (NYSE:HOV – Get Free Report) CEO Ara K. Hovnanian sold 1,123 shares of Hovnanian Enterprises stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $140.05, for a total value of $157,276.15. Following the transaction, the chief executive officer now directly owns 59,859 shares in the company, valued at $8,383,252.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Hovnanian Enterprises Trading Up 1.4 %
NYSE:HOV opened at $141.92 on Friday. The company has a quick ratio of 0.32, a current ratio of 1.35 and a debt-to-equity ratio of 0.17. Hovnanian Enterprises, Inc. has a 1-year low of $65.22 and a 1-year high of $184.42. The firm has a market capitalization of $850.38 million, a price-to-earnings ratio of 4.73 and a beta of 2.45. The stock has a fifty day simple moving average of $152.24 and a 200 day simple moving average of $152.48.
Hovnanian Enterprises (NYSE:HOV – Get Free Report) last released its quarterly earnings results on Wednesday, May 22nd. The construction company reported $6.66 earnings per share for the quarter. Hovnanian Enterprises had a return on equity of 54.85% and a net margin of 8.02%. The business had revenue of $708.38 million during the quarter. Sell-side analysts forecast that Hovnanian Enterprises, Inc. will post 27 earnings per share for the current year.
Institutional Investors Weigh In On Hovnanian Enterprises
Analysts Set New Price Targets
HOV has been the topic of a number of research analyst reports. Zelman & Associates raised Hovnanian Enterprises from an “underperform” rating to a “neutral” rating and set a $155.00 target price on the stock in a report on Thursday, May 23rd. StockNews.com upgraded Hovnanian Enterprises from a “hold” rating to a “buy” rating in a research report on Monday, June 3rd.
Check Out Our Latest Research Report on HOV
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.
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