Hovnanian EnterprisesHOV
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)
273% more first-time investments, than exits
New positions opened: 41 | Existing positions closed: 11
100% more funds holding in top 10
Funds holding in top 10: 2 [Q2] → 4 (+2) [Q3]
53% more capital invested
Capital invested by funds: $488M [Q2] → $745M (+$256M) [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]
3.88% more ownership
Funds ownership: 64.63% [Q2] → 68.51% (+3.88%) [Q3]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
Wedbush Jay McCanless 73% 1-year accuracy 51 / 70 met price target | 13%upside $155 | Neutral Initiated | 16 Dec 2024 |