On October 1, 2024, Vincent Pagano, a Director at Hovnanian Enterprises Inc (HOV, Financial), executed a sale of 3,000 shares of the company. The transaction was filed on the same day with the SEC. Following this transaction, the insider now owns 24,552 shares of Hovnanian Enterprises Inc.
Hovnanian Enterprises Inc, a notable player in the home construction industry, focuses on the design, construction, and marketing of residential housing in various states across the United States.
Over the past year, the insider has sold a total of 6,862 shares and has not made any purchases. This recent sale is part of a broader trend observed within the company, where there have been 25 insider sells and no insider buys over the last year.
Shares of Hovnanian Enterprises Inc were priced at $201.11 on the day of the sale. The company currently holds a market cap of approximately $1.21 billion. The price-earnings ratio stands at 6.15, which is below the industry median of 12.47.
The stock is considered Significantly Overvalued with a price-to-GF Value ratio of 2.26, based on a GF Value of $88.90. The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from analysts.
This insider activity and valuation metrics provide a snapshot of the current financial positioning and market perception of Hovnanian Enterprises Inc (HOV, Financial).
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
