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Robin Stone Sellers, a director at Hovnanian Enterprises Inc. (NYSE:HOV), recently sold shares in the company, according to a filing with the Securities and Exchange Commission. The stock, currently trading at $101.24, has experienced significant volatility, dropping 18.3% in the past week and trading near its 52-week low of $103.40. The transactions, which took place on February 25, involved the sale of 977 shares of Class A Common Stock. The shares were sold at prices ranging from $106.67 to $109.31, resulting in a total value of $105,457. Following these transactions, Sellers holds 19,525 shares directly. Despite recent price declines, InvestingPro analysis suggests the stock is undervalued, with a P/E ratio of just 2.97 and strong profitability metrics. For comprehensive insider trading analysis and 13 additional ProTips, explore the full HOV research report on InvestingPro.
In other recent news, Hovnanian Enterprises reported its Q1 2025 earnings, showcasing a 13% increase in revenue year-over-year, reaching $674 million. Despite this growth, the company’s gross margin fell to 18.3%, attributed to increased sales incentives, leading to investor concerns. Analysts noted that the company’s pre-tax income rose by 30% to $41 million, while adjusted EBITDA was reported at $72 million. Additionally, Hovnanian expanded its footprint by opening 15 new communities, contributing to a 10% year-over-year increase in open communities. The company provided revenue guidance for Q2 2025 between $675 million and $775 million, with an expected adjusted gross margin between 17.5% and 18.5%. Analysts from firms such as Wedbush have shown interest in the company’s strategic focus on growth and maintaining high inventory turnover rates. Despite the challenges, the company remains optimistic about substantial delivery and revenue growth in FY2025, targeting a 10% annual delivery growth rate. The company’s strategic focus includes expanding its community presence and utilizing mortgage rate buy-downs to aid homebuyer affordability.
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