3,035 Shares in Hovnanian Enterprises, Inc. (NYSE:HOV) Acquired by TrueWealth Advisors LLC

TrueWealth Advisors LLC purchased a new stake in shares of Hovnanian Enterprises, Inc. (NYSE:HOV) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,035 shares of the construction company’s stock, valued at approximately $406,000. TrueWealth Advisors LLC owned approximately 0.05% of Hovnanian Enterprises at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of HOV. Allspring Global Investments Holdings LLC bought a new stake in Hovnanian Enterprises during the 3rd quarter worth about $33,000. FMR LLC lifted its position in shares of Hovnanian Enterprises by 20.6% during the third quarter. FMR LLC now owns 346 shares of the construction company’s stock worth $71,000 after purchasing an additional 59 shares in the last quarter. CWM LLC grew its stake in shares of Hovnanian Enterprises by 89.6% during the third quarter. CWM LLC now owns 749 shares of the construction company’s stock valued at $153,000 after purchasing an additional 354 shares during the last quarter. Creative Planning bought a new position in Hovnanian Enterprises in the 3rd quarter worth approximately $202,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in Hovnanian Enterprises during the 3rd quarter worth $205,000. Institutional investors own 65.40% of the company’s stock.

Analysts Set New Price Targets

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

Hovnanian Enterprises Stock Down 1.0 %

Shares of NYSE:HOV opened at $139.21 on Friday. The company has a 50 day moving average of $155.30 and a 200-day moving average of $178.72. Hovnanian Enterprises, Inc. has a one year low of $115.90 and a one year high of $240.34. The stock has a market cap of $843.58 million, a price-to-earnings ratio of 4.34 and a beta of 2.70. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.52 and a quick ratio of 0.34.

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.