Hovnanian Enterprises (HOV) Stock Forecast, Price & News

Hovnanian Enterprises' stock was trading at $42.08 at the start of the year. Since then, HOV shares have increased by 120.5% and is now trading at $92.80.
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Hovnanian Enterprises saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 166,000 shares, an increase of 7.8% from the April 30th total of 154,000 shares. Based on an average trading volume of 64,700 shares, the short-interest ratio is currently 2.6 days. Currently, 3.6% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 31st 2023.
View our HOV earnings forecast.

Hovnanian Enterprises will be holding an earnings conference call on Wednesday, May 31st at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Hovnanian Enterprises, Inc. (NYSE:HOV) posted its earnings results on Tuesday, February, 28th. The construction company reported $2.26 earnings per share for the quarter. The construction company had revenue of $515.37 million for the quarter. Hovnanian Enterprises had a net margin of 7.64% and a trailing twelve-month return on equity of 112.54%.

Roundhill Acquirers Deep Value ETF holds 5,515 shares of HOV stock, representing 1.35% of its portfolio.

Hovnanian Enterprises's stock 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 closing bell 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 2023 earnings guidance on Tuesday, February, 28th. The company provided EPS guidance of for the period. The company issued revenue guidance of $525.00 million-$625.00 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "HOV."

Hovnanian Enterprises' stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (5.03%), Renaissance Technologies LLC (3.35%), Dimensional Fund Advisors LP (2.38%), GW&K Investment Management LLC (2.15%), State Street Corp (1.56%) and Geode Capital Management LLC (1.50%). Insiders that own company stock include Ara K Hovnanian, Ara K Hovnanian and Edward A Kangas.
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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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of HOV stock can currently be purchased for approximately $92.80.

Hovnanian Enterprises (NYSE:HOV) has a market capitalization of $556.80 million and generates $2.92 billion in revenue each year. The construction company earns $225.49 million in net income (profit) each year or $28.71 on an earnings per share basis.

The company employs 1,866 workers across the globe.

Hovnanian Enterprises' mailing address is 90 Matawan Road 5th Floor, Matawan NJ, 07747. The official website for the company is www.khov.com. The construction company can be reached via phone at (732) 747-7800, via email at jokeefe@khov.com, or via fax at 732-747-7159.