Shares of Hovnanian Enterprises (NYSE:HOV) hit a new 52-week high and low during trading on Wednesday . The stock traded as low as $1.65 and last traded at $1.67, with a volume of 44440 shares. The stock had previously closed at $1.73.
Separately, ValuEngine raised Hovnanian Enterprises from a “hold” rating to a “buy” rating in a research note on Tuesday, January 16th.
Get Hovnanian Enterprises alerts:
The company has a debt-to-equity ratio of -0.10, a quick ratio of 0.25 and a current ratio of 0.79.
Hovnanian Enterprises (NYSE:HOV) last issued its quarterly earnings data on Thursday, March 8th. The construction company reported ($0.21) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.13). The business had revenue of $417.17 million for the quarter, compared to analyst estimates of $461.60 million. Hovnanian Enterprises had a negative return on equity of 1.29% and a negative net margin of 15.66%. The firm’s revenue was down 24.4% on a year-over-year basis.
Hedge funds have recently added to or reduced their stakes in the business. BlueCrest Capital Management Ltd bought a new position in Hovnanian Enterprises during the 4th quarter worth about $101,000. Teacher Retirement System of Texas bought a new position in Hovnanian Enterprises during the 4th quarter worth about $136,000. Jane Street Group LLC bought a new position in Hovnanian Enterprises during the 4th quarter worth about $150,000. MetLife Investment Advisors LLC increased its holdings in Hovnanian Enterprises by 235.6% during the 1st quarter. MetLife Investment Advisors LLC now owns 62,850 shares of the construction company’s stock worth $115,000 after purchasing an additional 44,124 shares in the last quarter. Finally, Millennium Management LLC bought a new position in Hovnanian Enterprises during the 4th quarter worth about $308,000. Hedge funds and other institutional investors own 41.39% of the company’s stock.
About Hovnanian Enterprises
Hovnanian Enterprises, Inc designs, constructs, markets, and sells residential homes in the United States. It constructs single-family detached homes, attached townhomes and condominiums, urban infill, and active lifestyle homes. The company markets its build homes for first-time buyers, first-time and second-time move-up buyers, luxury buyers, active lifestyle buyers, and empty nesters in 130 communities in 24 markets.