Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) Stock Price Crosses Above 50 Day Moving Average – Should You Sell?

Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNPGet Free Report)’s share price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $20.41 and traded as high as $21.45. Hovnanian Enterprises, Inc. PFD DEP1/1000A shares last traded at $21.44, with a volume of 936 shares traded.

Hovnanian Enterprises, Inc. PFD DEP1/1000A Stock Performance

The business has a 50 day moving average price of $20.41 and a two-hundred day moving average price of $20.24.

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

The company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Thursday, January 1st were issued a $0.4766 dividend. This is a boost from Hovnanian Enterprises, Inc. PFD DEP1/1000A’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $1.91 dividend on an annualized basis and a yield of 8.9%.

Hedge Funds Weigh In On Hovnanian Enterprises, Inc. PFD DEP1/1000A

An institutional investor recently raised its position in Hovnanian Enterprises, Inc. PFD DEP1/1000A stock. Shikiar Asset Management Inc. increased its holdings in Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNPFree Report) by 4.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,475 shares of the company’s stock after purchasing an additional 1,200 shares during the quarter. Shikiar Asset Management Inc.’s holdings in Hovnanian Enterprises, Inc. PFD DEP1/1000A were worth $567,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

About Hovnanian Enterprises, Inc. PFD DEP1/1000A

(Get Free Report)

Hovnanian Enterprises, Inc is a publicly traded homebuilding company active primarily in the United States. Through its network of land development and construction operations, the company designs, builds and sells single-family detached and attached homes, condominiums and active-adult communities. In addition to its core homebuilding business, Hovnanian provides financing, mortgage banking, title insurance and closing services to homebuyers through its wholly owned financial services subsidiaries.

Founded in 1959 by Kevork S.

Further Reading

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