HOV icon

Hovnanian Enterprises

137.64 USD
-1.68
1.21%
At close Jan 21, 4:00 PM EST
After hours
137.64
+0.00
0.00%
1 day
-1.21%
5 days
10.64%
1 month
1.65%
3 months
-27.29%
6 months
-27.82%
Year to date
7.50%
1 year
-14.84%
5 years
388.60%
10 years
65.83%
 

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

0
Funds holding %
of 6,823 funds
Analysts bullish %

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

Low target
$155
13%
upside
Avg. target
$155
13%
upside
High target
$155
13%
upside

1 analyst rating

positive
0%
neutral
100%
negative
0%
Wedbush
Jay McCanless
73% 1-year accuracy
51 / 70 met price target
13%upside
$155
Neutral
Initiated
16 Dec 2024

Financial journalist opinion

Positive
Seeking Alpha
1 week ago
Hovnanian Enterprises Is One Of The Most Compelling Prospects In This Market
Hovnanian Enterprises, Inc. is a top buying opportunity due to its low valuation, sizable backlog, and rising net new contracts despite recent stock volatility. The company's diverse home portfolio and strategic lot acquisition have strengthened its financial position, reducing debt and increasing book value. Persistent high-interest rates pose short-term risks, but long-term housing demand driven by population growth supports a positive outlook.
Hovnanian Enterprises Is One Of The Most Compelling Prospects In This Market
Positive
Zacks Investment Research
1 month ago
Hovnanian Enterprises Q4 Earnings Decline Y/Y, Revenues Up
HOV's strategic focus on contracts and land expansion drives strong Q4 growth despite cost and margin pressures.
Hovnanian Enterprises Q4 Earnings Decline Y/Y, Revenues Up
Neutral
Seeking Alpha
1 month ago
Hovnanian Enterprises, Inc. (HOV) Q4 2024 Earnings Call Transcript
Hovnanian Enterprises, Inc. (NYSE:HOV ) Q4 2024 Earnings Conference Call December 5, 2024 11:00 AM ET Company Participants Jeff O'Keefe - Vice President, Investor Relations Ara Hovnanian - Chairman, President, Chief Executive Officer Brad O'Connor - Chief Financial Officer and Treasurer Conference Call Participants Alan Ratner - Zelman & Associates Alex Barron - Housing Research Center Austin Hopper - AWH Capital Operator Good morning and thank you for joining us today for Hovnanian Enterprises Fiscal 2024 Fourth Quarter Earnings Conference Call. An archive of the webcast will be available after the completion of the call and run for 12 months.
Hovnanian Enterprises, Inc. (HOV) Q4 2024 Earnings Call Transcript
Neutral
GlobeNewsWire
1 month ago
Hovnanian Enterprises Reports Fiscal 2024 Fourth Quarter and Full Year Results
Full Year Income Before Income Taxes Increased 24% Year-Over-Year 44% Year-Over-Year Quarterly Growth in Consolidated Contracts Total Consolidated Lots Controlled Increased 32% Year-Over-Year 47% Year-Over-Year Growth in Annual Land and Land Development Spend
Hovnanian Enterprises Reports Fiscal 2024 Fourth Quarter and Full Year Results
Neutral
GlobeNewsWire
1 month ago
K. Hovnanian️'s Northeast Division Awarded Special Honors by U.S. Department of Energy
MATAWAN, N.J., Dec. 04, 2024 (GLOBE NEWSWIRE) -- K.
K. Hovnanian️'s Northeast Division Awarded Special Honors by U.S. Department of Energy
Neutral
GlobeNewsWire
1 month ago
K. Hovnanian® Homes Launches Groundbreaking New Website
MATAWAN, N.J., Dec. 02, 2024 (GLOBE NEWSWIRE) -- K.
K. Hovnanian® Homes Launches Groundbreaking New Website
Neutral
GlobeNewsWire
2 months ago
Hovnanian Enterprises Announces Fiscal Year 2024 Earnings Release and Conference Call
MATAWAN, N.J., Nov. 21, 2024 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, will release financial results for the fourth quarter and fiscal year ended October 31, 2024, the morning of Thursday, December 5, 2024. The Company will webcast its fourth quarter earnings conference call at 11:00 a.m. (ET) on Thursday, December 5, 2024.
Hovnanian Enterprises Announces Fiscal Year 2024 Earnings Release and Conference Call
Neutral
Zacks Investment Research
2 months ago
2 Small Caps: Should You Bet the "House"?
HOV and AXR are two housing plays approaching different geographical markets.
2 Small Caps: Should You Bet the "House"?
Neutral
GlobeNewsWire
3 months ago
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.
K. Hovnanian® Homes Recognized with Department of Energy Housing Innovation Award
Neutral
GlobeNewsWire
4 months ago
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 Annual Leveraged Finance Conference taking place on Tuesday, September 24, 2024, at 11:00 am ET.
Hovnanian Enterprises to Present at Deutsche Bank's 32nd Annual Leveraged Finance Conference
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