On October 14, 2024, Director Edward Kangas sold 1,500 shares of Hovnanian Enterprises Inc (HOV, Financial) at a price of $188.86 per share, as reported in the SEC Filing. Following this transaction, the insider now owns 13,290 shares of the company.
Hovnanian Enterprises Inc, a prominent homebuilding company, engages in the design, construction, and sale of single-family detached homes, attached townhomes and condominiums, urban infill, and active lifestyle homes in planned residential developments.
Over the past year, Edward Kangas has sold a total of 12,500 shares and has not made any purchases. This recent transaction is part of a broader trend observed within the company, where there have been 26 insider sells and no insider buys over the past year.
The shares of Hovnanian Enterprises Inc were trading at $188.86 on the day of the transaction, giving the company a market cap of approximately $1.273 billion. The price-earnings ratio of the stock stands at 6.49, which is lower than the industry median of 12.265.
According to the GF Value, the intrinsic value of Hovnanian Enterprises Inc is estimated at $88.57 per share, which suggests that the stock is Significantly Overvalued with a price-to-GF-Value ratio of 2.13.
This valuation is based on historical trading multiples like the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted by GuruFocus based on the company's past performance and estimated future business outcomes provided by Morningstar analysts.
The insider's recent sale could be of interest to current and potential investors, providing insights into insider confidence and valuation perspectives at current price levels.
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.
