Hovnanian Enterprises Inc (HOV): Today's Featured Industrial Goods Winner
(
) pushed the Industrial Goods sector higher today making it today's featured industrial goods winner. The sector as a whole closed the day down 0.1%. By the end of trading, Hovnanian rose $0.06 (1.0%) to $5.83 on light volume. Throughout the day, 3,798,862 shares of Hovnanian exchanged hands as compared to its average daily volume of 6,531,000 shares. The stock ranged in a price between $5.76-$5.92 after having opened the day at $5.82 as compared to the previous trading day's close of $5.77. Other companies within the Industrial Goods sector that increased today were:
China Recycling Energy Corporation
(
), up 10.2%,
China Advanced Construction Materials Group
(
), up 5.0%,
Innovative Solutions and Support
(
), up 4.8% and
(
), up 4.6%.
Hovnanian Enterprises Inc. designs, constructs, markets, and sells residential homes in the United States. Hovnanian has a market cap of $680.0 million and is part of the materials & construction industry. Shares are down 22.0% year to date as of the close of trading on Thursday. Currently there are no analysts that rate Hovnanian a buy, 2 analysts rate it a sell, and 4 rate it a hold.
TheStreet Ratings rates Hovnanian as a
. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, weak operating cash flow and poor profit margins.
- You can view the full Hovnanian Ratings Report.
On the negative front,
(
), down 6.7%,
(
), down 4.8%,
(
), down 4.7% and
(
), down 4.5% , were all laggards within the industrial goods sector with
(
) being today's industrial goods sector laggard.
- Use our industrial goods section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial goods sector could consider
(
) while those bearish on the industrial goods sector could consider
(
).
- Find other investment ideas from our top rated ETFs lists.
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