Hovnanian Enterprises (HOV) Insider Sorsby Sells $147K of Stock

Larry Sorsby, an insider at Hovnanian Enterprises, Inc. (NYSE: HOV), sold 1,032 shares on June 25, 2026. The shares were sold at an average price of $142.57, making the total transaction worth approximately $147,132. This sale was not part of a pre-planned trading program.

Insider Buying and Selling at Hovnanian Enterprises, Inc.

In addition to Larry Sorsby's recent sale, Ara Hovnanian, the company's Chairman and CEO, sold 12,880 shares on June 22, 2026, at $125.78 each. Earlier in June, on the 12th, he sold another 17,575 shares at $120.72. Meanwhile, Vincent Pagano Jr. bought 1,078 shares on June 12, though the price wasn't disclosed. CFO Brad O'Connor and President Alexander Hovnanian also made purchases on the same day.

Other Institutional Activity in Hovnanian Enterprises

BlackRock, Inc. trimmed its holdings in Hovnanian by 1,625 shares, ending with 404,269 shares valued at about $44.8 million. State Street Corp reduced its stake by 18,932 shares, holding 209,681 shares worth approximately $23.3 million. In contrast, Vanguard Capital Management LLC opened a new position with 196,234 shares valued at $21.8 million. Dimensional Fund Advisors LP made a small addition of 174 shares, bringing its total to 175,360 shares, valued at around $19.4 million.

Hovnanian Enterprises, Inc. Stock Up 29.2%

Shares of NYSE:HOV traded near $147.55 on Saturday. The company has a market cap of $864.6 million and a P/E ratio of 40.87. Its stock has seen a 52-week low of $91.52 and a high of $162.06, with a 50-day moving average of $114.03 and a 200-day moving average of $117.89. Hovnanian's current ratio is 4.33, indicating strong liquidity, though its debt-to-equity ratio stands at 130.14.

Analysts Set New Price Targets

On April 9, 2026, Citizens initiated coverage on Hovnanian Enterprises with a 'sell' rating and a $74.00 price target. The consensus among analysts is cautious, with a mean target price of $74.00 based on one analyst opinion.

About Hovnanian Enterprises

Hovnanian Enterprises, Inc., based in Matawan, New Jersey, is a major player in the residential construction industry. Founded in 1959, the company designs, builds, and sells single-family homes, townhomes, and condominiums across the U.S. It caters to a variety of buyers, from first-time homeowners to luxury and active lifestyle buyers. The company also offers mortgage and title services.

Bottom Line

Larry Sorsby's recent sale of Hovnanian Enterprises shares is part of a broader trend of insider transactions at the company. Investors closely watch insider activity for potential insights into a company's future performance. It's important to remember that insider transactions can be driven by many factors and are not necessarily indicative of future stock performance.