Geode Capital Management LLC Has $22.88 Million Stock Holdings in Hovnanian Enterprises, Inc. (NYSE:HOV)

Geode Capital Management LLC increased its holdings in shares of Hovnanian Enterprises, Inc. (NYSE:HOV) by 0.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 111,942 shares of the construction company’s stock after buying an additional 322 shares during the period. Geode Capital Management LLC’s holdings in Hovnanian Enterprises were worth $22,882,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in HOV. Bank of New York Mellon Corp lifted its position in shares of Hovnanian Enterprises by 2.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 35,054 shares of the construction company’s stock worth $4,975,000 after purchasing an additional 993 shares during the period. Innealta Capital LLC acquired a new position in shares of Hovnanian Enterprises in the 2nd quarter worth approximately $37,000. Principal Financial Group Inc. lifted its position in shares of Hovnanian Enterprises by 11.0% in the 2nd quarter. Principal Financial Group Inc. now owns 3,298 shares of the construction company’s stock worth $468,000 after purchasing an additional 327 shares during the period. International Assets Investment Management LLC acquired a new position in shares of Hovnanian Enterprises in the 2nd quarter worth approximately $156,000. Finally, Rhumbline Advisers lifted its position in shares of Hovnanian Enterprises by 3.8% in the 2nd quarter. Rhumbline Advisers now owns 9,033 shares of the construction company’s stock worth $1,282,000 after purchasing an additional 330 shares during the period. 65.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Hovnanian Enterprises Stock Performance

NYSE:HOV opened at $133.27 on Friday. The company has a fifty day moving average of $170.06 and a 200-day moving average of $180.24. The firm has a market capitalization of $806.95 million, a P/E ratio of 4.15 and a beta of 2.62. The company has a quick ratio of 0.27, a current ratio of 1.45 and a debt-to-equity ratio of 0.20. Hovnanian Enterprises, Inc. has a twelve month low of $125.63 and a twelve month high of $240.34.

Insider Activity

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

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.