Barclays PLC Has $1.69 Million Stake in Hovnanian Enterprises, Inc. (NYSE:HOV)

Barclays PLC grew its stake in Hovnanian Enterprises, Inc. (NYSE:HOV) by 352.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,274 shares of the construction company’s stock after purchasing an additional 6,446 shares during the period. Barclays PLC’s holdings in Hovnanian Enterprises were worth $1,691,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Philadelphia Financial Management of San Francisco LLC acquired a new stake in shares of Hovnanian Enterprises during the 3rd quarter valued at $17,449,000. Brightline Capital Management LLC boosted its holdings in Hovnanian Enterprises by 68.8% in the third quarter. Brightline Capital Management LLC now owns 81,000 shares of the construction company’s stock valued at $16,554,000 after acquiring an additional 33,000 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Hovnanian Enterprises by 92.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 49,967 shares of the construction company’s stock valued at $10,212,000 after purchasing an additional 23,990 shares during the period. Bank of Montreal Can raised its holdings in Hovnanian Enterprises by 72.3% during the 2nd quarter. Bank of Montreal Can now owns 45,363 shares of the construction company’s stock worth $6,438,000 after purchasing an additional 19,031 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in Hovnanian Enterprises by 16.1% during the 2nd quarter. American Century Companies Inc. now owns 133,933 shares of the construction company’s stock worth $19,008,000 after acquiring an additional 18,622 shares during the period. 65.40% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Hovnanian Enterprises news, Director Vincent Pagano, Jr. sold 3,000 shares of Hovnanian Enterprises stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $201.11, for a total transaction of $603,330.00. Following the completion of the transaction, the director now owns 24,552 shares in the company, valued at approximately $4,937,652.72. The trade was a 10.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ara K. Hovnanian sold 644 shares of the company’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $194.99, for a total value of $125,573.56. Following the sale, the chief executive officer now owns 45,635 shares of the company’s stock, valued at $8,898,368.65. This trade represents a 1.39 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,144 shares of company stock worth $1,012,194. Corporate insiders own 17.67% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Hovnanian Enterprises Price Performance

Shares of NYSE HOV opened at $133.27 on Friday. Hovnanian Enterprises, Inc. has a 1-year low of $125.63 and a 1-year high of $240.34. The firm has a market capitalization of $806.95 million, a P/E ratio of 4.15 and a beta of 2.62. The firm’s 50-day moving average price is $170.06 and its 200-day moving average price is $180.24. The company has a current ratio of 1.45, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20.

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.