Hovnanian Enterprises (HOV)

• Market cap: $720M
• 1 day: -4.25%
• 5 days: -10.05%
• 1 month: -11.68%
• 3 months: -30.68%
• 6 months: -41.44%
• Year to date: -5.05%
• 1 year: -25.87%
• 5 years: 298.98%
• 10 years: 35.08%
• 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 Q4 regulatory filings by fund managers ($100M+ AUM)

0% more first-time investments, than exits

New positions opened: 26 | Existing positions closed: 26

4% less funds holding

Funds holding: 165 [Q3] → 159 (-6) [Q4]

4.72% less ownership

Funds ownership: 68.52% [Q3] → 63.8% (-4.72%) [Q4]

12% less repeat investments, than reductions

Existing positions increased: 50 | Existing positions reduced: 57

39% less capital invested

Capital invested by funds: $746M [Q3] → $455M (-$291M) [Q4]

50% less funds holding in top 10

Funds holding in top 10: 4 [Q3] → 2 (-2) [Q4]

Research analyst outlook

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

• Low target: $155 27% upside
• Avg. target: $155 27% upside
• High target: $155 27% upside

1 analyst rating

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

Wedbush Jay McCanless 77% 1-year accuracy 49 / 64 met price target

28% upside $155

Neutral Initiated

16 Dec 2024