Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) Shares Break Below 50-Day Moving Average – What’s Next?

Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP)’s share price crossed below its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $18.53 and traded as low as $14.35. Hovnanian Enterprises, Inc. PFD DEP1/1000A shares last traded at $14.55, with a volume of 105,508 shares changing hands.

Hovnanian Enterprises, Inc. PFD DEP1/1000A Trading Down 0.7%

The company’s fifty day moving average is $18.53 and its 200 day moving average is $19.79.

Hovnanian Enterprises, Inc. PFD DEP1/1000A Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Thursday, October 1st were paid a $0.4766 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $1.91 annualized dividend and a yield of 13.1%.

Institutional Trading of Hovnanian Enterprises, Inc. PFD DEP1/1000A

An institutional investor recently raised its stake in Hovnanian Enterprises, Inc. PFD DEP1/1000A stock. Shikiar Asset Management Inc. grew its stake in shares of Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) by 3.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,550 shares of the company’s stock after buying an additional 1,075 shares during the quarter. Shikiar Asset Management Inc.’s holdings in Hovnanian Enterprises, Inc. PFD DEP1/1000A were worth $585,000 at the end of the most recent quarter.

About Hovnanian Enterprises, Inc. PFD DEP1/1000A

Hovnanian Enterprises, Inc is a residential homebuilder that designs, constructs and sells single-family homes, townhomes and condominiums. Its communities are marketed primarily under the K. Hovnanian’s brand and may include both traditional neighborhoods and age-restricted active-adult communities. The company also provides mortgage, title and insurance-related services to support home purchases in certain markets.

Founded in 1959 by Kevork S. Hovnanian, the company serves homebuyers across several regions of the United States, including the Northeast, Mid-Atlantic, Southeast, Southwest and parts of the Midwest.