Sanctuary Advisors LLC Takes Position in Hovnanian Enterprises, Inc. (NYSE:HOV)

Sanctuary Advisors LLC purchased a new position in Hovnanian Enterprises, Inc. (NYSE:HOV) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 3,166 shares of the construction company’s stock, valued at approximately $647,000. Sanctuary Advisors LLC owned about 0.05% of Hovnanian Enterprises at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HOV. Virtu Financial LLC acquired a new stake in Hovnanian Enterprises in the third quarter worth $347,000. Barclays PLC grew its position in shares of Hovnanian Enterprises by 352.6% during the third quarter. Barclays PLC now owns 8,274 shares of the construction company’s stock worth $1,691,000 after acquiring an additional 6,446 shares during the last quarter. Forager Capital Management LLC increased its holdings in shares of Hovnanian Enterprises by 3.5% in the 3rd quarter. Forager Capital Management LLC now owns 117,000 shares of the construction company’s stock worth $23,911,000 after acquiring an additional 4,000 shares during the period. Geode Capital Management LLC increased its holdings in shares of Hovnanian Enterprises by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 111,942 shares of the construction company’s stock worth $22,882,000 after acquiring an additional 322 shares during the period. Finally, National Bank of Canada FI lifted its position in Hovnanian Enterprises by 698.1% in the 3rd quarter. National Bank of Canada FI now owns 2,131 shares of the construction company’s stock valued at $436,000 after purchasing an additional 1,864 shares during the last quarter. Institutional investors and hedge funds own 65.40% of the company’s stock.

Hovnanian Enterprises Trading Up 0.7 %

Shares of HOV stock opened at $136.32 on Wednesday. The firm has a market capitalization of $825.42 million, a PE ratio of 4.25 and a beta of 2.62. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 1.45. Hovnanian Enterprises, Inc. has a 1 year low of $125.63 and a 1 year high of $240.34. The stock has a fifty day moving average of $174.31 and a two-hundred day moving average of $180.99.

Wall Street Analysts Forecast Growth

Separately, Wedbush restated a “neutral” rating and issued a $155.00 target price on shares of Hovnanian Enterprises in a research report on Monday, December 16th.

Insider Buying and Selling

In other Hovnanian Enterprises news, CEO Ara K. Hovnanian sold 877 shares of the company’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $203.27, for a total value of $178,267.79. Following the transaction, the chief executive officer now owns 46,279 shares of the company’s stock, valued at approximately $9,407,132.33. This represents a 1.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Vincent Pagano, Jr. sold 3,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $201.11, for a total value of $603,330.00. Following the sale, the director now directly owns 24,552 shares of the company’s stock, valued at approximately $4,937,652.72. This represents a 10.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,552 shares of company stock valued at $1,299,715 over the last 90 days. 17.67% of the stock is currently owned by company insiders.

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.