Should I buy or sell Hovnanian Enterprises stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Hovnanian Enterprises in the last twelve months. There are currently 1 sell rating for the stock. The consensus among Wall Street equities research analysts is that investors should "sell" HOV shares. View HOV analyst ratings or view top-rated stocks .

How have HOV shares performed in 2024?

Hovnanian Enterprises' stock was trading at $155.62 on January 1st, 2024. Since then, HOV shares have decreased by 17.4% and is now trading at $128.50. View the best growth stocks for 2024 here .

Are investors shorting Hovnanian Enterprises?

Hovnanian Enterprises saw a decline in short interest during the month of March. As of March 31st, there was short interest totaling 157,200 shares, a decline of 32.9% from the March 15th total of 234,400 shares. Based on an average trading volume of 84,100 shares, the short-interest ratio is currently 1.9 days. Currently, 3.3% of the company's stock are short sold. View Hovnanian Enterprises' Short Interest .

When is Hovnanian Enterprises' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 29th 2024. View our HOV earnings forecast .

How were Hovnanian Enterprises' earnings last quarter?

Hovnanian Enterprises, Inc. (NYSE:HOV) posted its quarterly earnings results on Thursday, February, 22nd. The construction company reported $2.75 EPS for the quarter. The construction company earned $594.20 million during the quarter. Hovnanian Enterprises had a net margin of 7.45% and a trailing twelve-month return on equity of 58.22%.

What ETFs hold Hovnanian Enterprises' stock?

ETFs with the largest weight of Hovnanian Enterprises (NYSE:HOV) stock in their portfolio include Invesco Building & Construction ETF (PKB) and AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC) . Invesco Russell 2000 Dynamic Multifactor ETF (OMFS) .

When did Hovnanian Enterprises' stock split?

Hovnanian Enterprises shares reverse split on the morning of Monday, April 1st 2019. The 1-25 reverse split was announced on Tuesday, March 19th 2019. The number of shares owned by shareholders was adjusted after the market closes on Friday, March 29th 2019. An investor that had 100 shares of stock prior to the reverse split would have 4 shares after the split.

What guidance has Hovnanian Enterprises issued on next quarter's earnings?

Hovnanian Enterprises updated its second quarter 2024 earnings guidance on Thursday, February, 22nd. The company provided EPS guidance of for the period. The company issued revenue guidance of $675.0 million-$775.0 million.

What is Ara K. Hovnanian's approval rating as Hovnanian Enterprises' CEO?

118 employees have rated Hovnanian Enterprises Chief Executive Officer Ara K. Hovnanian on Glassdoor.com . Ara K. Hovnanian has an approval rating of 74% among the company's employees.

What other stocks do shareholders of Hovnanian Enterprises own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Hovnanian Enterprises investors own include J C Penney (JCP) , Hertz Global (HTZ) , MBIA (MBI) , Bank of America (BAC) , Callon Petroleum (CPE) , Freeport-McMoRan (FCX) , Energy Transfer (ET) , General Electric (GE) , JetBlue Airways (JBLU) and Oasis Petroleum (OAS) .

Who are Hovnanian Enterprises' major shareholders?

Hovnanian Enterprises' stock is owned by a variety of retail and institutional investors. Top institutional investors include Los Angeles Capital Management LLC (0.13%), Range Financial Group LLC (0.07%) and CWM LLC (0.01%). Insiders that own company stock include Ara K Hovnanian, Ara K Hovnanian , Edward A Kangas, J Larry Sorsby and Vincent Pagano Jr. View institutional ownership trends .

How do I buy shares of Hovnanian Enterprises?

Shares of HOV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:HOV

Hovnanian Enterprises (HOV) Stock Price, News & Analysis

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Free HOV Stock Alerts

$128.50

-4.22 (-3.18%)

(As of 04/17/2024 ET)

Compare

Today's Range: $128.50
▼
$135.94
50-Day Range: $128.50
▼
$168.49
52-Week Range: $65.22
▼
$183.60

Volume: 38,715 shs
Average Volume: 82,647 shs
Market Capitalization: $783.85 million

P/E Ratio: 4.62
Dividend Yield: N/A
Price Target: N/A

Get Hovnanian Enterprises alerts:

Hovnanian Enterprises MarketRank™ Stock Analysis

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
3.34% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.41
Based on 6 Articles This Week
Insider Trading: Selling Shares
$157,820 Sold Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.28 out of 5 stars

Construction Sector

72nd out of 98 stocks

Operative Builders Industry

12th out of 17 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Hovnanian Enterprises.

5.0

Short Interest

Percentage of Shares Shorted
3.34% of the float of Hovnanian Enterprises has been sold short.
Short Interest Ratio / Days to Cover
Hovnanian Enterprises has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Hovnanian Enterprises has recently decreased by 32.94%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Hovnanian Enterprises does not currently pay a dividend.
Dividend Growth
Hovnanian Enterprises does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for HOV.

2.4

News and Social Media Coverage

News Sentiment
Hovnanian Enterprises has a news sentiment score of 0.41. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.56 average news sentiment score of Construction companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Hovnanian Enterprises this week, compared to 1 article on an average week.
Search Interest
Only 1 people have searched for HOV on MarketBeat in the last 30 days. This is a decrease of -67% compared to the previous 30 days.
MarketBeat Follows
2 people have added Hovnanian Enterprises to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Hovnanian Enterprises insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $157,820.00 in company stock.
Percentage Held by Insiders
17.67% of the stock of Hovnanian Enterprises is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
65.40% of the stock of Hovnanian Enterprises is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Hovnanian Enterprises is 4.62, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.07.
Price to Earnings Ratio vs. Sector
The P/E ratio of Hovnanian Enterprises is 4.62, which means that it is trading at a less expensive P/E ratio than the Construction sector average P/E ratio of about 18.98.
Price to Book Value per Share Ratio
Hovnanian Enterprises has a P/B Ratio of 1.75. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Hovnanian Enterprises Stock (NYSE: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 insurance, and homeowner's insurance services. The company was founded in 1959 and is headquartered in Matawan, New Jersey.

HOV Stock Price History

30 days | 90 days | 365 days | Advanced Chart

HOV Stock News Headlines

March 25, 2024 | insidertrades.com

Hovnanian Enterprises, Inc. (NYSE:HOV) CEO Sells $157,820.00 in Stock

April 14, 2024 | americanbankingnews.com

Hovnanian Enterprises (NYSE:HOV) Shares Gap Down to $146.09

April 18, 2024 | Paradigm Press (Ad)

Biden out June 13; Kamala won’t replace him?

On November 16, 2023… Joe Biden accidentally revealed the name of the candidate… Who will replace him in the 2024 presidential election.

April 14, 2024 | americanbankingnews.com

Hovnanian Enterprises' (HOV) "Underperform" Rating Reaffirmed at Zelman & Associates

April 12, 2024 | investors.com

Homebuilder Rally Faces Reckoning As Stocks Bog Down — Should Investors Sell?

April 9, 2024 | finance.yahoo.com

Colonial style Twinsburg home sells for $600K. Take a look inside.

April 6, 2024 | seekingalpha.com

Hovnanian Enterprises Preferred Stock Diversity Comes With Risks

April 4, 2024 | msn.com

West Long Branch Golf Range could be replaced with 120 townhouses, condos

April 18, 2024 | Paradigm Press (Ad)

Biden out June 13; Kamala won’t replace him?

On November 16, 2023… Joe Biden accidentally revealed the name of the candidate… Who will replace him in the 2024 presidential election.

March 31, 2024 | finance.yahoo.com

Is Hovnanian Enterprises, Inc.'s (NYSE:HOV) 35% ROE Better Than Average?

March 29, 2024 | msn.com

Real estate: Canton company pays $8 million for 2 Massillon industrial properties

March 13, 2024 | yahoo.com

Artist Rachel Lee Hovnanian looks 'Beyond the Hedges' at County Gallery in Palm Beach

March 4, 2024 | finance.yahoo.com

Hovnanian Enterprises First Quarter 2024 Earnings: EPS: US$3.11 (vs US$2.37 in 1Q 2023)

February 23, 2024 | finance.yahoo.com

Q1 2024 Hovnanian Enterprises Inc Earnings Call

February 22, 2024 | finance.yahoo.com

Hovnanian Enterprises Inc (HOV) Reports Strong Fiscal 2024 First Quarter Results

February 22, 2024 | globenewswire.com

Hovnanian Enterprises Reports Fiscal 2024 First Quarter Results

February 17, 2024 | wsj.com

Hovnanian Enterprises Inc. Dep. Pfd. Series A

February 15, 2024 | wsj.com

Hovnanian Enterprises Inc. Cl A

February 8, 2024 | finance.yahoo.com

Hovnanian Enterprises Announces First Quarter Fiscal 2024 Earnings Release and Conference Call

February 2, 2024 | tmcnet.com

Glancy Prongay & Murray LLP Announces Investigation of Hovnanian Enterprises, Inc. (HOV)

February 2, 2024 | businesswire.com

Glancy Prongay & Murray LLP Announces Investigation of Hovnanian Enterprises, Inc. (HOV)

January 29, 2024 | msn.com

N.J. family selling 128 acres of open space to build huge housing development

January 15, 2024 | finance.yahoo.com

K. Hovnanian®️ Introduces Salerno Reserve, a New LOOKS Community in Stuart, FL

January 12, 2024 | stocknews.com

4 Homebuilder Stocks Building up for 2024 Gains

December 29, 2023 | stocknews.com

3 Gaining Homebuilder Stocks to Buy in January 2024

December 27, 2023 | msn.com

Hovnanian Enterprises, Inc. PFD DEP1/1000A goes ex-dividend tomorrow

December 18, 2023 | msn.com

The housing market is 'picking up steam': Ara Hovnanian

See More Headlines

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Company Calendar

Last Earnings: 2/22/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/29/2024
Fiscal Year End: 10/31/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Construction
Industry: Operative builders
Sub-Industry: Homebuilding
Current Symbol: NYSE:HOV
CUSIP: 44248720
CIK: 357294
Web: www.khov.com
Phone: (732) 747-7800
Fax: 732-747-7159
Employees: 1,715
Year Founded: 1959

Profitability

EPS (Most Recent Fiscal Year): $27.81
Trailing P/E Ratio: 4.62
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $205.89 million
Net Margins: 7.45%
Pretax Margin: 9.54%
Return on Equity: 58.22%
Return on Assets: 9.35%

Debt

Debt-to-Equity Ratio: 2.19
Current Ratio: 4.07
Quick Ratio: 0.86

Sales & Book Value

Annual Sales: $2.76 billion
Price / Sales: 0.28
Cash Flow: $37.25 per share
Price / Cash Flow: 3.45
Book Value: $73.25 per share
Price / Book: 1.75

Miscellaneous

Outstanding Shares: 6,100,000
Free Float: 5,019,000
Market Cap: $783.85 million
Optionable: Not Optionable
Beta: 2.61

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Key Executives

Mr. Ara K. Hovnanian (Age 67)
President, CEO & Chairman of the Board
Comp: $5.58M
Mr. Brad G. O'Connor (Age 54)
CFO & Treasurer
Comp: $1.17M
Mr. Paul Marabella
Chief Information Officer & VP
Mr. Jeffrey T. O'Keefe
Vice President of Investor Relations
Elizabeth D. Tice
VP, Corporate Counsel & Secretary
Mr. Alexander Hovnanian
Executive Vice President - National Homebuilding Operations
Mr. Joseph F. Riggs
Group President

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

HOV Stock Analysis - Frequently Asked Questions

Should I buy or sell Hovnanian Enterprises stock right now?: 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Hovnanian Enterprises in the last twelve months. There are currently 1 sell rating for the stock. The consensus among Wall Street equities research analysts is that investors should "sell" HOV shares.
View HOV analyst ratings or view top-rated stocks.
How have HOV shares performed in 2024?: Hovnanian Enterprises' stock was trading at $155.62 on January 1st, 2024. Since then, HOV shares have decreased by 17.4% and is now trading at $128.50.
View the best growth stocks for 2024 here.
Are investors shorting Hovnanian Enterprises?: Hovnanian Enterprises saw a decline in short interest during the month of March. As of March 31st, there was short interest totaling 157,200 shares, a decline of 32.9% from the March 15th total of 234,400 shares. Based on an average trading volume of 84,100 shares, the short-interest ratio is currently 1.9 days. Currently, 3.3% of the company's stock are short sold.
View Hovnanian Enterprises' Short Interest.
When is Hovnanian Enterprises' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 29th 2024.
View our HOV earnings forecast.
How were Hovnanian Enterprises' earnings last quarter?: Hovnanian Enterprises, Inc. (NYSE:HOV) posted its quarterly earnings results on Thursday, February, 22nd. The construction company reported $2.75 EPS for the quarter. The construction company earned $594.20 million during the quarter. Hovnanian Enterprises had a net margin of 7.45% and a trailing twelve-month return on equity of 58.22%.
What ETFs hold Hovnanian Enterprises' stock?: ETFs with the largest weight of Hovnanian Enterprises (NYSE:HOV) stock in their portfolio include Invesco Building & Construction ETF (PKB) and AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC).Invesco Russell 2000 Dynamic Multifactor ETF (OMFS).

When did Hovnanian Enterprises' stock split?: Hovnanian Enterprises shares reverse split on the morning of Monday, April 1st 2019. The 1-25 reverse split was announced on Tuesday, March 19th 2019. The number of shares owned by shareholders was adjusted after the market closes on Friday, March 29th 2019. An investor that had 100 shares of stock prior to the reverse split would have 4 shares after the split.
What guidance has Hovnanian Enterprises issued on next quarter's earnings?: Hovnanian Enterprises updated its second quarter 2024 earnings guidance on Thursday, February, 22nd. The company provided EPS guidance of for the period. The company issued revenue guidance of $675.0 million-$775.0 million.
What is Ara K. Hovnanian's approval rating as Hovnanian Enterprises' CEO?: 118 employees have rated Hovnanian Enterprises Chief Executive Officer Ara K. Hovnanian on Glassdoor.com. Ara K. Hovnanian has an approval rating of 74% among the company's employees.
What other stocks do shareholders of Hovnanian Enterprises own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Hovnanian Enterprises investors own include J C Penney (JCP), Hertz Global (HTZ), MBIA (MBI), Bank of America (BAC), Callon Petroleum (CPE), Freeport-McMoRan (FCX), Energy Transfer (ET), General Electric (GE), JetBlue Airways (JBLU) and Oasis Petroleum (OAS).
Who are Hovnanian Enterprises' major shareholders?: Hovnanian Enterprises' stock is owned by a variety of retail and institutional investors. Top institutional investors include Los Angeles Capital Management LLC (0.13%), Range Financial Group LLC (0.07%) and CWM LLC (0.01%). Insiders that own company stock include Ara K Hovnanian, Ara K Hovnanian, Edward A Kangas, J Larry Sorsby and Vincent Pagano Jr.
View institutional ownership trends.
How do I buy shares of Hovnanian Enterprises?: Shares of HOV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:HOV) was last updated on 4/18/2024 by MarketBeat.com Staff

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