Hovnanian Enterprises, Inc. Class A (HOV) Trading 7% Higher
Hovnanian Enterprises, Inc. Class A (NYSE:HOV) traded up 7% during mid-day trading on Friday . The stock traded as high as $1.53 and last traded at $1.52. 1,446,279 shares changed hands during mid-day trading, an increase of 2% from the average session volume of 1,422,260 shares. The stock had previously closed at $1.42.
Several equities research analysts have recently issued reports on the stock. ValuEngine lowered shares of Hovnanian Enterprises, Inc. Class A from a “hold” rating to a “sell” rating in a research report on Tuesday, July 24th. JMP Securities raised shares of Hovnanian Enterprises, Inc. Class A from an “underperform” rating to a “market perform” rating and set a $1.30 price target for the company in a report on Tuesday, October 9th.
Hovnanian Enterprises, Inc. Class A (NYSE:HOV) last released its quarterly earnings results on Monday, September 10th. The construction company reported ($0.01) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.03. The firm had revenue of $456.70 million for the quarter, compared to analyst estimates of $504.30 million. Hovnanian Enterprises, Inc. Class A’s revenue for the quarter was down 22.9% on a year-over-year basis. During the same period in the previous year, the business posted ($2.28) earnings per share.
About Hovnanian Enterprises, Inc. Class A (NYSE:HOV)
Hovnanian Enterprises, Inc designs, constructs, markets, and sells residential homes in the United States. It constructs single-family detached homes, attached townhomes and condominiums, urban infill, and active lifestyle homes. The company markets its build homes for first-time buyers, first-time and second-time move-up buyers, luxury buyers, active lifestyle buyers, and empty nesters in 130 communities in 24 markets.
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