Hovnanian Enterprises Inc (HOV): Vincent Jr Pagano , director of Hovnanian Enterprises Inc purchased 14,535 shares on Apr 14, 2016. The Insider buying transaction was reported by the company on Apr 18, 2016 to the Securities and Exchange Commission. The shares were purchased at $1.74 per share for a total value of $25,285.09 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Oct 22, 2015, Vincent Jr Pagano (director) purchased 20,260 shares at $2.24 per share price.On Apr 20, 2015, Ara K Hovnanian (director officer 10% owner (Chairman of Bd., Pres) sold 314,937 shares at $3.57 per share price.Also, On Mar 23, 2015, Thomas J. Pellerito (Chief Operating Officer) sold 70,282 shares at $3.44 per share price.
Shares of Hovnanian Enterprises (HOV) ended Friday, Apr 15, 2016 session in red amid volatile trading. The shares closed down -0.06 points or -3.47% at $1.67 with 13,52,010 shares getting traded. Post opening the session at $1.69, the shares hit an intraday low of $1.61 and an intraday high of $1.72 and the price vacillated in this range throughout the day. The company has a market cap of $246 M and the number of outstanding shares has been calculated to be 14,71,20,130 shares. The 52-week high of Hovnanian Enterprises is $3.72 and the 52-week low is $1.19.
Company has been under the radar of several Street Analysts.Hovnanian Enterprises is Reiterated by Deutsche Bank to Hold while Lowering the Price Target of the company shares to $ 2 from a previous price target of $2.40 . The Rating was issued on Mar 29, 2016.
Currently the company Insiders own 16.54% of Hovnanian Enterprises shares according to the proxy statements.Institutional Investors own 32.67% of Hovnanian Enterprises shares.During last six month period, the net percent change held by insiders has seen a change of 26.35%.
Hovnanian Enterprises Inc. (Hovnanian) design construct market and sell single-family detached homes attached townhomes and condominiums urban infill and active adult homes in planned residential developments. The Company consists of two distinct operations: homebuilding and financial services. Its homebuilding operations consist of six segments: Northeast including New Jersey and Pennsylvania; Mid-Atlantic including Delaware Maryland Virginia West Virginia and Washington D.C; Midwest including Illinois Minnesota and Ohio; Southeast including Florida Georgia North Carolina and South Carolina; Southwest including Arizona and Texas and West including California. Its financial services operations provide mortgage loans and title services to the customers of its homebuilding operations. During fiscal year ended October 31 2013 (fiscal 2013) the Company had delivered 5266 homes.