Hovnanian Enterprises (HOV) Stock Price, News & Analysis

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Hovnanian Enterprises in the last year. There are currently 1 sell rating for the stock. The consensus among Wall Street equities research analysts is that investors should "sell" HOV shares.
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Hovnanian Enterprises' stock was trading at $155.62 on January 1st, 2024. Since then, HOV shares have decreased by 4.7% and is now trading at $148.29.
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Hovnanian Enterprises saw a decline in short interest in 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 daily volume of 84,100 shares, the short-interest ratio is presently 1.9 days. Approximately 3.3% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 29th 2024.
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Hovnanian Enterprises, Inc. (NYSE:HOV) posted its quarterly earnings results on Thursday, February, 22nd. The construction company reported $2.75 earnings per share (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%.

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).

Shares of Hovnanian Enterprises 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.

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

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.

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).

Hovnanian Enterprises' stock is owned by a number of retail and institutional investors. Top institutional investors include Assenagon Asset Management S.A. (0.91%), Denali Advisors LLC (0.18%), 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.
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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.
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