Hovnanian Enterprises (HOV)

• Market cap: $817M
• 1 day: 1.67%
• 5 days: -12.21%
• 1 month: -21.58%
• 3 months: -37.26%
• 6 months: -5.02%
• Year to date: -11.20%
• 1 year: -12.66%
• 5 years: 533.05%
• 10 years: 31.23%
• Sector: Industrials
• Industry: Operative Builders

About: Hovnanian Enterprises Inc conducts all of its homebuilding and financial services operations . The company designs, constructs, markets, and sells single-family detached homes, attached townhomes and condominiums, urban infill, and active lifestyle homes in planned residential developments. It has two distinct operations: homebuilding and financial services. Its homebuilding operations are divided geographically into three segments; Northeast which includes Delaware, Maryland, New Jersey, Ohio, Pennsylvania, Virginia and West Virginia; Southeast which includes Florida, Georgia and South Carolina; and West which includes Arizona, California and Texas. The firm generates maximum revenue from West Segment.

Employees: 1,878

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

215% more first-time investments, than exits

New positions opened: 41 | Existing positions closed: 13

100% more funds holding in top 10

Funds holding in top 10: 2 [Q2] → 4 (+2) [Q3]

52% more capital invested

Capital invested by funds: $486M [Q2] → $738M (+$252M) [Q3]

25% more repeat investments, than reductions

Existing positions increased: 55 | Existing positions reduced: 44

21% more funds holding

Funds holding: 135 [Q2] → 163 (+28) [Q3]

3.61% more ownership

Funds ownership: 64.35% [Q2] → 67.96% (+3.61%) [Q3]

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $155 15% upside
• Avg. target: $155 15% upside
• High target: $155 15% upside

1 analyst rating

• positive: 0 0%
• neutral: 1 100%
• negative: 0 0%

Wedbush Jay McCanless 74% 1-year accuracy 51 / 69 met price target

15% upside $155

Neutral Initiated

16 Dec 2024