Hovnanian Enterprises’ (HOV) Underperform Rating Reiterated at Zelman & Associates

Zelman & Associates reiterated their underperform rating on shares of Hovnanian Enterprises (NYSE:HOV) in a report published on Wednesday morning, MarketBeat reports.

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

Hovnanian Enterprises Stock Up 1.1 %

Hovnanian Enterprises stock opened at $135.45 on Wednesday. The firm has a market capitalization of $820.80 million, a PE ratio of 4.22 and a beta of 2.71. The company’s 50-day moving average is $136.58 and its 200-day moving average is $173.86. Hovnanian Enterprises has a fifty-two week low of $115.90 and a fifty-two week high of $240.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.52 and a quick ratio of 0.34.

Hovnanian Enterprises (NYSE:HOV) last released its quarterly earnings data on Thursday, December 5th. The construction company reported $12.79 earnings per share for the quarter. Hovnanian Enterprises had a net margin of 8.05% and a return on equity of 43.47%.

Institutional Trading of Hovnanian Enterprises

Several hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC boosted its holdings in Hovnanian Enterprises by 20.6% in the 3rd quarter. FMR LLC now owns 346 shares of the construction company’s stock valued at $71,000 after purchasing an additional 59 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Hovnanian Enterprises by 0.9% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 8,860 shares of the construction company’s stock valued at $1,186,000 after purchasing an additional 81 shares during the period. Rhumbline Advisers boosted its holdings in Hovnanian Enterprises by 1.0% in the 4th quarter. Rhumbline Advisers now owns 8,850 shares of the construction company’s stock valued at $1,184,000 after purchasing an additional 85 shares during the period. Koss Olinger Consulting LLC boosted its holdings in Hovnanian Enterprises by 3.5% in the 3rd quarter. Koss Olinger Consulting LLC now owns 3,404 shares of the construction company’s stock valued at $696,000 after purchasing an additional 115 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in Hovnanian Enterprises by 8.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,928 shares of the construction company’s stock valued at $274,000 after purchasing an additional 145 shares during the period. Institutional investors own 65.40% of the company’s stock.

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.