Hovnanian (HOV) - FREE Research Report

Pellerito Thomas J. who is Chief Operating Officer at Hovnanian sold 67,000 shares at $6.31 on Jan. 13, 2014. Following this transaction, the Chief Operating Officer owned 1.2 million shares meaning that the stake was reduced by 5.43% with the 67,000-share transaction.

The shares most recently traded at $6.20, down $0.11, or 1.76% since the insider transaction.

The average volume for Hovnanian has been 4.2 million shares per day over the past 30 days. Hovnanian has a market cap of $778.4 million and is part of the industrial goods sector and materials & construction industry. Shares are down 7.25% year-to-date as of the close of trading on Monday.

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 adult homes. The company has a P/E ratio of 28.4. Currently there is 1 analyst that rates Hovnanian a buy, 1 analyst rates it a sell, and 3 rate it a hold.

Exclusive Offer: Get the latest Stock Analysis on HOV - FREE

TheStreet Quant Ratings rates Hovnanian as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and robust revenue growth. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and poor profit margins. Get the full Hovnanian Ratings Report from TheStreet Quant Ratings now.

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Data for this article provided by Zacks Investment Research
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