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

Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNPGet Free Report) shares crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $20.55 and traded as low as $20.53. Hovnanian Enterprises, Inc. PFD DEP1/1000A shares last traded at $20.49, with a volume of 738 shares changing hands.

Hovnanian Enterprises, Inc. PFD DEP1/1000A Stock Down 0.3%

The company’s fifty day moving average is $20.55 and its two-hundred day moving average is $20.71.

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

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st were issued a $0.4766 dividend. This represents a $1.91 dividend on an annualized basis and a dividend yield of 9.3%. The ex-dividend date was Wednesday, July 1st.

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

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

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.

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