Hovnanian Enterprises (HOV) Stock Forecast, Price & News

Hovnanian Enterprises' stock was trading at $42.08 at the beginning of the year. Since then, HOV stock has increased by 136.7% and is now trading at $99.59.
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Hovnanian Enterprises saw a drop in short interest in the month of September. As of September 15th, there was short interest totaling 174,700 shares, a drop of 7.5% from the August 31st total of 188,800 shares. Based on an average daily volume of 58,900 shares, the short-interest ratio is presently 3.0 days. Currently, 3.7% of the shares of the company are sold short.
View Hovnanian Enterprises' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, December 14th 2023.
View our HOV earnings forecast.

Hovnanian Enterprises, Inc. (NYSE:HOV) issued its quarterly earnings results on Wednesday, August, 30th. The construction company reported $7.38 earnings per share (EPS) for the quarter. The construction company had revenue of $649.96 million for the quarter. Hovnanian Enterprises had a trailing twelve-month return on equity of 60.51% and a net margin of 5.96%.

ETFs with the largest weight of Hovnanian Enterprises (NYSE:HOV) stock in their portfolio include 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 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 FY 2023 earnings guidance on Wednesday, August, 30th. The company provided EPS guidance of $21.00-$24.00 for the period. The company issued revenue guidance of $2.60 billion-$2.70 billion.

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), 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 investors include BlackRock Inc. (5.53%), Renaissance Technologies LLC (3.18%), Dimensional Fund Advisors LP (2.95%), Geode Capital Management LLC (1.56%), State Street Corp (1.52%) and Acadian Asset Management LLC (1.13%). 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 $99.59.

Hovnanian Enterprises (NYSE:HOV) has a market capitalization of $606.50 million and generates $2.92 billion in revenue each year. The construction company earns $225.49 million in net income (profit) each year or $21.35 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.