Hovnanian Enterprises, Inc. (HOV)
Market Cap | 1.04B |
Revenue (ttm) | 2.91B |
Net Income (ttm) | 221.34M |
Shares Out | 6.05M |
EPS (ttm) | 31.75 |
PE Ratio | 5.42 |
Forward PE | n/a |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 29,439 |
Open | 170.90 |
Previous Close | 172.31 |
Day's Range | 170.90 - 175.14 |
52-Week Range | 86.61 - 240.34 |
Beta | 2.61 |
Analysts | Hold |
Price Target | 155.00 (-9.86%) |
Earnings Date | Dec 3, 2024 |
About HOV
Hovnanian Enterprises, Inc., through its subsidiaries, designs, constructs, markets, and sells residential homes in the United States. It offers single-family detached homes, attached townhomes and condominiums, urban infill, and active lifestyle homes with amenities, such as clubhouses, swimming pools, tennis courts, tot lots, and open areas. The company markets and builds homes for first-time buyers, first-time and second-time move-up buyers, luxury buyers, active lifestyle buyers, and empty nesters. It also provides mortgage loans, title ins... [Read more]
Financial Performance
In 2023, Hovnanian Enterprises's revenue was $2.76 billion, a decrease of -5.69% compared to the previous year's $2.92 billion. Earnings were $179.19 million, a decrease of -8.16%.
Financial StatementsAnalyst Forecast
According to one analyst, the rating for HOV stock is "Hold" and the 12-month stock price forecast is $155.0.
News
K. Hovnanian® Homes Recognized with Department of Energy Housing Innovation Award
K. Hovnanian® Homes is proud to announce the U.S. Department of Energy (DOE) recognized their Phoenix Division as a 2024 Housing Innovation award winner.
Hovnanian Enterprises to Present at Deutsche Bank's 32nd Annual Leveraged Finance Conference
MATAWAN, N.J., Sept. 16, 2024 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, announced that senior management will be presenting at Deutsche Bank's 32nd A...
Hovnanian Enterprises: Lower Mortgage Rates And Quick-Move-In Homes Imply Undervaluation
Hovnanian Enterprises, Inc. is experiencing impressive net sales growth due to lower mortgage rates and strategic initiatives like quick-move-in homes and curated "looks" packages. The company's reduc...
Hovnanian Enterprises, Inc. (HOV) Q3 2024 Earnings Call Transcript
Hovnanian Enterprises, Inc. (NYSE:HOV) Q3 2024 Results Conference Call August 22, 2024 11:00 AM ET Company Participants Jeff O'Keefe - Vice President, Investor Relations Ara Hovnanian - Chairman, Pre...
Hovnanian Enterprises Reports Fiscal 2024 Third Quarter Results
11% Year-Over-Year Growth in Total Revenues Income Before Income Taxes Increased 38% Year-Over-Year 24% Year-Over-Year Growth in Consolidated Community Count Total Consolidated Lots Controlled Increas...
Hovnanian Enterprises Announces Third Quarter Fiscal 2024 Earnings Release and Conference Call
MATAWAN, N.J., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, will release financial results for the third quarter ended July 31, 2024, the ...
Top 2 Consumer Stocks That May Fall Off A Cliff This Quarter
As of July 24, 2024, two stocks in the consumer discretionary sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
Hovnanian Enterprises: Strong Additional Upside Is Warranted
Hovnanian Enterprises is a cheap homebuilder catering to a wide audience with homes ranging from $135,000 to $1.77 million. Despite a decline in revenue and profitability in 2023, the company has seen...
Hovnanian Enterprises Announces Credit Rating Upgrade From Moody's Ratings
MATAWAN, N.J., June 25, 2024 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, today announced that Moody's Ratings (“Moody's”) has upgraded Hovnanian's corp...
Hovnanian Enterprises Announces Credit Rating Upgrade From S&P Global Ratings
MATAWAN, N.J., June 12, 2024 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, today announced that S&P Global Ratings (“S&P”) has upgraded Hovnanian's issue...
Hovnanian Enterprises to Present at Sidoti Virtual Investor Conference
MATAWAN, N.J., June 05, 2024 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, announced that senior management will be presenting at the Sidoti June Virtual...
Hovnanian Enterprises, Inc. (HOV) Q2 2024 Earnings Call Transcript
Hovnanian Enterprises, Inc. (NYSE:HOV) Q2 2024 Earnings Conference Call May 22, 2024 11:00 AM ET Company Participants Jeffrey O'Keefe - Vice President, Investor Relations Ara Hovnanian - Chairman, Pr...
Hovnanian Enterprises Reports Fiscal 2024 Second Quarter Results
Income Before Income Taxes Increased More Than 50% Year-Over-Year 170 Basis Points Year-Over-Year Increase in Homebuilding Gross Margin Percentage Net Contracts per Community Increased Year-Over-Year ...
Hovnanian Enterprises Announces Second Quarter Fiscal 2024 Earnings Release and Conference Call
MATAWAN, N.J., May 08, 2024 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, will release financial results for the second quarter ended April 30, 2024, the...
GTIS Partners and Hovnanian Enterprises Announce the Expansion of their Homebuilding Joint Venture Portfolio to $1 Billion of Equity to Build 12,600 Homes Valued at $6 Billion
NEW YORK , May 2, 2024 /PRNewswire/ -- GTIS Partners ("GTIS"), a global real estate investment firm with a focus on residential and industrial/logistics investments, and Hovnanian Enterprises, Inc. (N...
Hovnanian Enterprises Preferred Stock Diversity Comes With Risks
Hovnanian Enterprises is a homebuilder in the United States, offering various types of residential homes. The company ranks among the largest homebuilding companies in the U.S. with revenues of $2.76b...
Preferreds Weekly Review: Yield Differential Between Bonds And Preferreds Often Too Tight
Preferreds were slightly lower this week and over February, with caution required for stocks trading above "par". The fixed-income version of the "beta anomaly" shows that the yield differential betwe...
Hovnanian Enterprises, Inc. (HOV) Q1 2024 Earnings Call Transcript
Hovnanian Enterprises, Inc. (HOV) Q1 2024 Earnings Call Transcript
Hovnanian Enterprises Reports Fiscal 2024 First Quarter Results
Net Contracts per Community Increased 48% Year-Over-Year Income Before Income Taxes Increased 80% Year-Over-Year $230 Million was the Highest Quarterly Land and Land Development Spend in 57 Quarters 1...
Hovnanian Enterprises Announces First Quarter Fiscal 2024 Earnings Release and Conference Call
MATAWAN, N.J., Feb. 08, 2024 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, will release financial results for the first quarter ended January 31, 2024, t...
Glancy Prongay & Murray LLP Announces Investigation of Hovnanian Enterprises, Inc. (HOV)
NEW YORK--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces its investigation of Hovnanian Enterprises, Inc. (NYSE: HOV) concerning the Company and its directors' and officers' possible v...
K. Hovnanian®️ Introduces Salerno Reserve, a New LOOKS Community in Stuart, FL
STUART, Fla., Jan. 15, 2024 (GLOBE NEWSWIRE) -- K.
K. Hovnanian®️ Introduces Locke Landing, a New LOOKS Community in Baltimore, MD
BALTIMORE, Dec. 14, 2023 (GLOBE NEWSWIRE) -- K. Hovnanian Homes introduces Locke Landing, a new community of townhomes within the mixed-use development Baltimore Peninsula.
K. Hovnanian® Introduces The Grove at Jackson Village, a New LOOKS Community in Fredericksburg, VA
FREDERICKSBURG, Va., Dec. 13, 2023 (GLOBE NEWSWIRE) -- K. Hovnanian️ Homes introduces The Grove at Jackson Village, an 850-unit townhome community in Fredericksburg. This community offers LOOKS: a des...
K. Hovnanian® Introduces Enclave at Hillandale, a New LOOKS Community in Morris County
FAR HILLS, N.J., Dec. 07, 2023 (GLOBE NEWSWIRE) -- K. Hovnanian Homes introduces Enclave at Hillandale, a new boutique townhome community in Mendham Township, which offers LOOKS: a designer-curated co...