Hovnanian Enterprises Inc (HOV) Shares Bought by Sullivan Bruyette Speros & Blaney LLC
Sullivan Bruyette Speros & Blaney LLC raised its position in shares of Hovnanian Enterprises Inc (NYSE:HOV) by 40.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 149,766 shares of the construction company’s stock after buying an additional 43,000 shares during the period. Sullivan Bruyette Speros & Blaney LLC owned about 0.11% of Hovnanian Enterprises worth $419,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. SG Americas Securities LLC increased its position in shares of Hovnanian Enterprises by 346.1% in the first quarter. SG Americas Securities LLC now owns 60,473 shares of the construction company’s stock worth $137,000 after buying an additional 46,917 shares during the period. Brandes Investment Partners LP increased its position in shares of Hovnanian Enterprises by 20.2% in the first quarter. Brandes Investment Partners LP now owns 56,630 shares of the construction company’s stock worth $129,000 after buying an additional 9,520 shares during the period. Oxford Asset Management increased its position in shares of Hovnanian Enterprises by 146.9% in the first quarter. Oxford Asset Management now owns 193,881 shares of the construction company’s stock worth $440,000 after buying an additional 115,351 shares during the period. Nine Chapters Capital Management LLC purchased a new position in shares of Hovnanian Enterprises during the first quarter worth approximately $127,000. Finally, Engineers Gate Manager LP increased its position in shares of Hovnanian Enterprises by 314.7% in the first quarter. Engineers Gate Manager LP now owns 111,405 shares of the construction company’s stock worth $253,000 after buying an additional 84,541 shares during the period. Institutional investors and hedge funds own 31.04% of the company’s stock.
Hovnanian Enterprises Inc (NYSE HOV) opened at 1.74 on Wednesday. Hovnanian Enterprises Inc has a 52 week low of $1.52 and a 52 week high of $2.98. The stock has a market cap of $256.42 million, a P/E ratio of 17.40 and a beta of 1.69. The firm has a 50-day moving average price of $2.31 and a 200-day moving average price of $2.35.
Hovnanian Enterprises (NYSE:HOV) last released its earnings results on Friday, June 2nd. The construction company reported ($0.05) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.04) by $0.01. The company had revenue of $585.90 million for the quarter, compared to the consensus estimate of $558.55 million. Hovnanian Enterprises had a net margin of 0.56% and a negative return on equity of 8.20%. The firm’s revenue was down 10.5% on a year-over-year basis. During the same period in the prior year, the company earned ($0.06) earnings per share. On average, equities research analysts predict that Hovnanian Enterprises Inc will post $0.05 EPS for the current year.
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Separately, BidaskClub downgraded Hovnanian Enterprises from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th.
Hovnanian Enterprises Company Profile
Hovnanian Enterprises, Inc is a builder of residential homes. The Company designs, constructs, markets and sells single-family detached homes, attached townhomes and condominiums, urban infill and active lifestyle homes in planned residential developments. The Company has two distinct operations: homebuilding and financial services.
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