Hovnanian Enterprises (NYSE:HOV – Get Rating) issued an update on its FY 2022 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $32.00-$33.50 for the period. The company issued revenue guidance of $2.80 billion-$3.00 billion.
Hovnanian Enterprises Stock Performance
Hovnanian Enterprises stock opened at $40.60 on Thursday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.17 and a quick ratio of 0.25. The stock has a fifty day moving average price of $45.31 and a two-hundred day moving average price of $51.66. Hovnanian Enterprises has a 52-week low of $38.23 and a 52-week high of $133.99. The firm has a market capitalization of $256.19 million, a P/E ratio of 1.37 and a beta of 2.41.
Institutional Trading of Hovnanian Enterprises
A number of hedge funds and other institutional investors have recently made changes to their positions in HOV. Swiss National Bank increased its stake in shares of Hovnanian Enterprises by 8.2% in the first quarter. Swiss National Bank now owns 11,900 shares of the construction company’s stock valued at $703,000 after buying an additional 900 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Hovnanian Enterprises by 4.6% in the first quarter. Bank of New York Mellon Corp now owns 34,255 shares of the construction company’s stock valued at $2,024,000 after acquiring an additional 1,496 shares during the last quarter. Bank of Montreal Can boosted its holdings in Hovnanian Enterprises by 189.1% in the first quarter. Bank of Montreal Can now owns 29,080 shares of the construction company’s stock valued at $1,865,000 after acquiring an additional 19,020 shares during the last quarter. MetLife Investment Management LLC boosted its holdings in Hovnanian Enterprises by 58.5% in the first quarter. MetLife Investment Management LLC now owns 3,048 shares of the construction company’s stock valued at $180,000 after acquiring an additional 1,125 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in Hovnanian Enterprises by 8.4% in the first quarter. Rhumbline Advisers now owns 6,777 shares of the construction company’s stock valued at $401,000 after acquiring an additional 526 shares during the last quarter. 64.89% of the stock is currently owned by institutional investors and hedge funds.
Hovnanian Enterprises Company Profile
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Hovnanian Enterprises, Inc engages in the design, construction, marketing, and sale of 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.
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