Vincent Pagano, a director at Hovnanian Enterprises Inc, executed a sale of 3,862 shares in the company on December 20, 2023, according to a recent SEC Filing. Hovnanian Enterprises Inc is a homebuilding company that designs, constructs, markets, and sells single-family detached homes, attached townhomes and condominiums, urban infill, and active lifestyle homes in planned residential developments.
Over the past year, the insider has sold a total of 3,862 shares and has not made any purchases of the company's stock.
The insider transaction history for Hovnanian Enterprises Inc shows a pattern of sales by insiders over the past year, with 14 insider sells and no insider buys recorded.
On the date of the insider's most recent transaction, shares of Hovnanian Enterprises Inc were trading at $154.59, giving the company a market capitalization of $878.547 million.
The stock's price-earnings ratio stands at 5.60, below the industry median of 10.37, and above the company's historical median price-earnings ratio.
With the current share price of $154.59 and a GuruFocus Value of $86.23, Hovnanian Enterprises Inc has a price-to-GF-Value ratio of 1.79, indicating that the stock is Significantly Overvalued according to the GF Value metric.
The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on the company's past performance, and future business performance estimates provided by Morningstar analysts.
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.
