Globeflex Capital L P Buys New Holdings in Hovnanian Enterprises Inc $HOV

Globeflex Capital L P purchased a new position in shares of Hovnanian Enterprises Inc (NYSE:HOV) during the second quarter, HoldingsChannel reports. The firm purchased 17,534 shares of the construction company’s stock, valued at approximately $2,497,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HOV. Assenagon Asset Management S.A. grew its stake in Hovnanian Enterprises by 39.4% in the second quarter. Assenagon Asset Management S.A. now owns 20,451 shares of the construction company’s stock valued at $2,912,000 after acquiring an additional 5,777 shares during the period. Empowered Funds LLC raised its position in shares of Hovnanian Enterprises by 46.5% during the first quarter. Empowered Funds LLC now owns 73,146 shares of the construction company’s stock worth $8,113,000 after purchasing an additional 23,234 shares during the period. Quantinno Capital Management LP grew its position in Hovnanian Enterprises by 62.4% in the 1st quarter. Quantinno Capital Management LP now owns 6,319 shares of the construction company’s stock valued at $701,000 after purchasing an additional 2,429 shares during the period. Union Square Park Capital Management LLC acquired a new stake in Hovnanian Enterprises in the 1st quarter valued at $555,000. Finally, Sei Investments Co. increased its stake in Hovnanian Enterprises by 101.9% during the 1st quarter. Sei Investments Co. now owns 35,288 shares of the construction company’s stock valued at $3,914,000 after purchasing an additional 17,811 shares in the last quarter. Institutional investors own 65.40% of the company’s stock.

Insider Buying and Selling at Hovnanian Enterprises

In other Hovnanian Enterprises news, Director J Larry Sorsby sold 1,032 shares of Hovnanian Enterprises stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $142.57, for a total transaction of $147,132.24. Following the transaction, the director directly owned 187,416 shares of the company’s stock, valued at $26,719,899.12. The trade was a 0.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ara K. Hovnanian sold 12,880 shares of the company’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $125.78, for a total transaction of $1,620,046.40. The SEC filing for this sale provides additional information. 22.67% of the stock is currently owned by company insiders.

Key Stories Impacting Hovnanian Enterprises

Here are the key news stories impacting Hovnanian Enterprises this week:

• Positive Sentiment: Management forecast fourth-quarter revenue of $800 million to $900 million, above the roughly $784 million analyst consensus, and targeted a gross margin of 15% to 16.5%. Hovnanian forecasts fourth-quarter revenue and gross margin
• Positive Sentiment: Hovnanian said it met or exceeded nearly all previously provided guidance metrics, while gross margins improved sequentially for the second consecutive quarter. Hovnanian fiscal 2026 third-quarter results
• Positive Sentiment: The dollar value of consolidated domestic backlog rose 5% year over year, supporting expectations for future deliveries and revenue. Hovnanian reports fiscal third-quarter results

Hovnanian Enterprises Stock Performance

Shares of Hovnanian Enterprises stock opened at $131.28 on Monday. Hovnanian Enterprises Inc has a 52 week low of $91.52 and a 52 week high of $162.05. The company has a quick ratio of 0.40, a current ratio of 1.50 and a debt-to-equity ratio of 0.05. The business has a 50 day moving average price of $131.55 and a 200-day moving average price of $119.96. The company has a market cap of $769.30 million, a PE ratio of 138.19 and a beta of 1.83.

Hovnanian Enterprises (NYSE:HOV) last announced its earnings results on Thursday, August 20th. The construction company reported ($0.70) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.56) by ($0.14). Hovnanian Enterprises had a net margin of 0.64% and a return on equity of 8.60%. The company had revenue of $705.75 million for the quarter, compared to analysts’ expectations of $723.50 million. During the same period in the previous year, the firm earned $1.99 EPS.

Wall Street Analyst Weigh In

HOV has been the topic of several research reports. Citigroup restated a “market underperform” rating on shares of Hovnanian Enterprises in a report on Friday. Weiss Ratings upgraded shares of Hovnanian Enterprises from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 16th. Three research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Hovnanian Enterprises has a consensus rating of “Reduce” and an average price target of $97.00.

Hovnanian Enterprises Company Profile

Hovnanian Enterprises, Inc is a publicly traded homebuilding company primarily engaged in the acquisition, development and construction of residential properties. Headquartered in Red Bank, New Jersey, the company operates through a network of regional homebuilding divisions that design and deliver a range of housing solutions, including single-family detached homes, townhomes and condominiums. Hovnanian combines land development, architectural design and construction services with in-house mortgage and insurance offerings to provide a comprehensive homebuying experience.

The company markets its communities under several branded product lines tailored to different buyer segments and price points.