Dudley & Shanley LLC Has $4,383,000 Position in Hovnanian Enterprises Inc. (HOV)
Dudley & Shanley LLC increased its stake in Hovnanian Enterprises Inc. (NYSE:HOV) by 1.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,609,200 shares of the company’s stock after buying an additional 39,200 shares during the period. Hovnanian Enterprises accounts for approximately 1.0% of Dudley & Shanley LLC’s holdings, making the stock its 20th largest position. Dudley & Shanley LLC’s holdings in Hovnanian Enterprises were worth $4,383,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Metropolitan Life Insurance Co. NY boosted its stake in shares of Hovnanian Enterprises by 0.9% in the first quarter. Metropolitan Life Insurance Co. NY now owns 91,337 shares of the company’s stock valued at $142,000 after buying an additional 804 shares in the last quarter. UBS Group AG boosted its stake in shares of Hovnanian Enterprises by 8.5% in the first quarter. UBS Group AG now owns 336,135 shares of the company’s stock valued at $525,000 after buying an additional 26,386 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Hovnanian Enterprises by 1.4% in the first quarter. Geode Capital Management LLC now owns 805,812 shares of the company’s stock valued at $1,257,000 after buying an additional 11,120 shares in the last quarter. Institutional investors own 27.14% of the company’s stock.
Shares of Hovnanian Enterprises Inc. (NYSE:HOV) traded down 0.926% on Monday, hitting $1.605. 390,465 shares of the stock traded hands. Hovnanian Enterprises Inc. has a one year low of $1.19 and a one year high of $2.35. The company’s market cap is $236.41 million. The stock has a 50 day moving average of $1.72 and a 200 day moving average of $1.71.
Several brokerages have recently weighed in on HOV. MKM Partners set a $1.80 price target on shares of Hovnanian Enterprises and gave the stock a “hold” rating in a research note on Monday, September 12th. Zacks Investment Research upgraded shares of Hovnanian Enterprises from a “sell” rating to a “hold” rating in a research note on Wednesday, August 3rd.
Hovnanian Enterprises Company Profile
Hovnanian Enterprises, Inc is a builder of residential homes. The Company designs, constructs, markets and sells single-family detached homes, attached townhomes and condominiums, urban infill, and active lifestyle homes in planned residential developments. The Company has two distinct operations: homebuilding and financial services.
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