About Hovnanian Enterprises (NYSE:HOV)
Hovnanian Enterprises, Inc. designs, constructs, markets, and sells residential homes in the United States. It constructs single-family detached homes, attached townhomes and condominiums, urban infill, and active lifestyle homes. The company markets its build homes for first-time buyers, first-time and second-time move-up buyers, luxury buyers, active lifestyle buyers, and empty nesters in 130 communities in 24 markets. It also provides financial services comprising originating mortgages from homebuyers and selling such mortgages in the secondary market, as well as offers title insurance services. The company was founded in 1959 and is headquartered in Red Bank, New Jersey.
Industry, Sector and Symbol
Industry Operative builders
Sub-IndustryHomebuilding
SectorConstruction
SymbolNYSE:HOV
CUSIP44248720
Phone732-747-7800
Debt
Debt-to-Equity Ratio-0.10%
Current Ratio0.79%
Quick Ratio0.25%
Price-To-Earnings
Trailing P/E RatioN/A
Forward P/E RatioN/A
P/E GrowthN/A
Sales & Book Value
Annual Sales$2.45 billion
Price / Sales0.12
Cash Flow$0.0985 per share
Price / Cash20.11
Book Value($4.04) per share
Price / Book-0.49
Profitability
EPS (Most Recent Fiscal Year)N/A
Net Income$-332,190,000.00
Net Margins-15.66%
Return on Equity-1.29%
Return on Assets-1.18%
Miscellaneous
Employees1,905
Outstanding Shares147,590,000
Hovnanian Enterprises (NYSE:HOV) Frequently Asked Questions
What is Hovnanian Enterprises' stock symbol?
Hovnanian Enterprises trades on the New York Stock Exchange (NYSE) under the ticker symbol "HOV."
How were Hovnanian Enterprises' earnings last quarter?
Hovnanian Enterprises (NYSE:HOV) released its earnings results on Thursday, March, 8th. The construction company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.08) by $0.13. The construction company had revenue of $417.17 million for the quarter, compared to analyst estimates of $461.60 million. Hovnanian Enterprises had a negative return on equity of 1.29% and a negative net margin of 15.66%. The firm's quarterly revenue was down 24.4% compared to the same quarter last year. View Hovnanian Enterprises' Earnings History.
When is Hovnanian Enterprises' next earnings date?
What price target have analysts set for HOV?
1 equities research analysts have issued 12-month target prices for Hovnanian Enterprises' stock. Their predictions range from $1.75 to $1.75. On average, they expect Hovnanian Enterprises' share price to reach $1.75 in the next year. View Analyst Ratings for Hovnanian Enterprises.
Who are some of Hovnanian Enterprises' key competitors?
Some companies that are related to Hovnanian Enterprises include Forterra (FRTA), Beazer Homes USA (BZH), Team (TISI), Grana y Montero (GRAM), United States Lime & Minerals (USLM), BlueLinx Hlds (BXC), Armstrong Flooring (AFI), Sterling Construction (STRL), Layne Christensen (LAYN), Quintana Energy Services (QES), Great Lakes Dredge and Dock (GLDD), Willdan Group (WLDN), New Home (NWHM), LSI Industries (LYTS), Orion Group (ORN), Aspen Aerogels (ASPN), Limbach (LMB) and Gafisa (GFA).
Who are Hovnanian Enterprises' key executives?
Hovnanian Enterprises' management team includes the folowing people:
- Mr. Ara K. Hovnanian, Pres, CEO & Chairman (Age 61)
- Mr. J. Larry Sorsby, Exec. VP, CFO & Director (Age 63)
- Mr. Brad G. O'Connor, VP, Chief Accounting Officer & Corp. Controller (Age 48)
- Mr. Lucian Theon Smith III, Chief Operating Officer (Age 58)
- Mr. Paul Marabella, Chief Information Officer and VP
Has Hovnanian Enterprises been receiving favorable news coverage?
Media headlines about HOV stock have trended somewhat positive this week, according to Accern. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Hovnanian Enterprises earned a news impact score of 0.24 on Accern's scale. They also gave media stories about the construction company an impact score of 45.65 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.
How do I buy shares of Hovnanian Enterprises?
Shares of HOV can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Hovnanian Enterprises' stock price today?
One share of HOV stock can currently be purchased for approximately $1.98.
How big of a company is Hovnanian Enterprises?
Hovnanian Enterprises has a market capitalization of $298.14 million and generates $2.45 billion in revenue each year. Hovnanian Enterprises employs 1,905 workers across the globe.
How can I contact Hovnanian Enterprises?
Hovnanian Enterprises' mailing address is 110 WEST FRONT STREET PO BOX 500, RED BANK NJ, 07701. The construction company can be reached via phone at 732-747-7800 or via email at [email protected]
MarketBeat Community Rating for Hovnanian Enterprises (HOV)
MarketBeat's community ratings are surveys of what our community members think about Hovnanian Enterprises and other stocks. Vote "Outperform" if you believe HOV will outperform the S&P 500 over the long term. Vote "Underperform" if you believe HOV will underperform the S&P 500 over the long term. You may vote once every thirty days.
Hovnanian Enterprises (NYSE:HOV) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
1 Wall Street analysts have issued ratings and price targets for Hovnanian Enterprises in the last 12 months. Their average twelve-month price target is $1.75, suggesting that the stock has a possible downside of 11.62%. The high price target for HOV is $1.75 and the low price target for HOV is $1.75. There are currently 1 sell rating for the stock, resulting in a consensus rating of "Sell."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Sell | Sell | Sell | Hold |
| Consensus Rating Score: | 1.00 | 1.00 | 1.00 | 1.50 |
| Ratings Breakdown: | 1 Sell Rating(s)
0 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) | 2 Sell Rating(s)
0 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) | 2 Sell Rating(s)
0 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
1 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $1.75 | $1.5250 | $1.5250 | $1.30 |
| Price Target Upside: | 11.62% downside | 54.48% downside | 54.48% downside | 28.57% downside |
Hovnanian Enterprises (NYSE:HOV) Consensus Price Target History
Hovnanian Enterprises (NYSE:HOV) Analyst Ratings History
Show:
| Date | Brokerage | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 12/30/2017 | MKM Partners | Downgrade | Neutral -> Sell | $1.75 | N/A |  |
| 4/14/2017 | JMP Securities | Reiterated Rating | Underperform | $1.60 -> $1.30 | Low | |
| 6/4/2016 | Deutsche Bank | Reiterated Rating | Hold | | N/A | |
(Data available from 4/19/2016 forward)
Hovnanian Enterprises (NYSE:HOV) Earnings History and Estimates Chart
Hovnanian Enterprises (NYSE HOV) Earnings History by Quarter
| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 5/31/2018 | | ($0.04) | | | | | N/A | |
| 3/8/2018 | Q1 2018 | ($0.08) | ($0.21) | $461.60 million | $417.17 million | View | N/A | |
| 12/21/2017 | Q4 2017 | $0.02 | $0.08 | $603.90 million | $721.70 million | View | Listen | |
| 9/7/2017 | Q3 2017 | ($0.01) | ($2.28) | $584.50 million | $592.00 million | View | Listen | |
| 6/2/2017 | Q2 17 | ($0.0350) | ($0.05) | $558.55 million | $585.90 million | View | N/A | |
| 3/8/2017 | Q1 2017 | ($0.02) | ($0.02) | $524.33 million | $552.00 million | View | Listen | |
| 12/8/2016 | Q416 | $0.13 | $0.14 | $892.67 million | $805.07 million | View | Listen | |
| 9/9/2016 | Q3 2016 | $0.08 | $0.01 | $786.69 million | $716.85 million | View | N/A | |
| 6/2/2016 | Q216 | $0.02 | ($0.06) | $643.06 million | $64.70 million | View | Listen | |
| 3/9/2016 | Q116 | ($0.03) | ($0.11) | $580.31 million | $575.60 million | View | N/A | |
| 12/4/2015 | Q415 | $0.10 | $0.16 | $745.00 million | $693.20 million | View | Listen | |
| 9/9/2015 | Q315 | ($0.01) | ($0.05) | $611.95 million | $540.60 million | View | Listen | |
| 6/9/2015 | Q215 | ($0.06) | ($0.13) | $533.75 million | $468.90 million | View | Listen | |
| 3/12/2015 | Q115 | ($0.06) | ($0.10) | $435.37 million | $445.70 million | View | Listen | |
| 12/10/2014 | Q414 | $0.21 | $0.20 | $646.80 million | $698.40 million | View | Listen | |
| 9/4/2014 | Q314 | $0.09 | $0.11 | $559.47 million | $551.00 million | View | Listen | |
| 6/4/2014 | Q214 | $0.03 | ($0.05) | $476.72 million | $449.90 million | View | Listen | |
| 3/5/2014 | Q1 | ($0.04) | ($0.17) | $401.52 million | $364.00 million | View | Listen | |
| 12/12/2013 | Q4 | $0.16 | $0.21 | $582.89 million | $591.70 million | View | Listen | |
| 9/9/2013 | Q3 2013 | $0.07 | $0.06 | $504.70 million | $478.40 million | View | Listen | |
| 6/5/2013 | Q2 2013 | ($0.05) | $0.01 | $408.61 million | $423.00 million | View | Listen | |
| 3/6/2013 | Q1 2013 | ($0.10) | ($0.08) | $381.11 million | $358.20 million | View | Listen | |
| 12/13/2012 | -0.59 | ($0.06) | ($0.59) | $461.11 million | $461.11 million | View | Listen | |
| 9/6/2012 | Q312 | ($0.12) | $0.25 | $386.18 million | $387.00 million | View | N/A | |
| 6/6/2012 | | ($0.29) | $0.02 | | | View | N/A | |
| 3/7/2012 | | ($0.43) | ($0.17) | | | View | N/A | |
| 12/15/2011 | | ($0.43) | ($0.90) | | | View | N/A | |
| 9/7/2011 | | ($0.52) | ($0.47) | | | View | N/A | |
| 6/7/2011 | | ($0.51) | ($0.69) | | | View | N/A | |
| 3/1/2011 | Q1 2011 | ($0.62) | ($0.64) | | | View | N/A | |
| 12/21/2010 | | ($0.66) | ($1.68) | $288.05 million | $353.00 million | View | N/A | |
| 9/1/2010 | Q3 2010 | ($0.53) | ($0.37) | | | View | N/A | |
| 6/2/2010 | Q2 2010 | ($0.69) | ($0.50) | | | View | N/A | |
| 3/2/2010 | Q1 2010 | ($0.45) | ($0.69) | | | View | N/A | |
| 12/16/2009 | Q4 2009 | ($1.49) | ($2.99) | | | View | N/A | |
| 9/2/2009 | Q3 2009 | ($1.60) | ($2.37) | | | View | N/A | |
| 6/2/2009 | Q2 2009 | ($1.26) | ($4.90) | | | View | N/A | |
| 3/10/2009 | Q1 2009 | ($1.47) | ($2.29) | | | View | N/A | |
| 12/16/2008 | Q4 2008 | ($1.63) | ($5.79) | | | View | N/A | |
| 9/3/2008 | Q3 2008 | ($1.67) | ($1.37) | | | View | N/A | |
| 6/3/2008 | Q2 2008 | ($3.00) | ($5.29) | | | View | N/A | |
| 3/10/2008 | Q1 2008 | ($2.04) | ($2.07) | | | View | N/A | |
(Earnings results data provided by Zacks Investment Research)
Hovnanian Enterprises (NYSE:HOV) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
(Data available from 1/1/2013 forward)
Hovnanian Enterprises (NYSE HOV) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 15.42%
Institutional Ownership Percentage: 41.64%
Hovnanian Enterprises (NYSE HOV) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 4/14/2016 | Vincent Pagano Jr | Director | Buy | 14,535 | $1.74 | $25,290.90 | 111,688 | |
| 10/21/2015 | Vincent Pagano Jr | Director | Buy | 20,260 | $2.24 | $45,382.40 | 97,153 | |
| 4/16/2015 | Ara K Hovnanian | CEO | Sell | 314,937 | $3.57 | $1,124,325.09 | | |
| 3/20/2015 | Thomas J Pellerito | COO | Sell | 70,282 | $3.41 | $239,661.62 | | |
| 3/11/2014 | Vincent Pagano, Jr. | Director | Buy | 6,000 | $4.89 | $29,340.00 | 31,520 | |
| 1/17/2014 | Vincent Pagano, Jr. | Director | Buy | 6,000 | $5.97 | $35,820.00 | 25,520 | |
| 1/10/2014 | Thomas Pellerito | COO | Sell | 67,000 | $6.31 | $422,770.00 | 1,167,494 | |
(Data available from 1/1/2013 forward)
Hovnanian Enterprises (NYSE HOV) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | K. Hovnanian Enterprises, Inc. Announces Extension of Early Tender Deadline of Exchange Offer and Consent Solicitation
finance.yahoo.com - April 19 at 8:26 AM |
 | Blackstone's Epic Swap Trade Intrudes on Friendly Lunch With Blankfein
www.bloomberg.com - April 18 at 8:25 AM |
| Epic Blackstone Trade Intrudes on COO’s Friendly Lunch With Blankfein
finance.yahoo.com - April 18 at 8:25 AM |
 | BRIEF-K. Hovnanian Enterprises Announces Amendment Of Exchange Offer And Consent Solicitation
www.reuters.com - April 13 at 5:24 PM |
| K. Hovnanian Enterprises, Inc. Announces Amendment of Exchange Offer and Consent Solicitation
finance.yahoo.com - April 13 at 5:24 PM |
| Theranos Could Use Some More Money
finance.yahoo.com - April 12 at 5:27 PM |
| Solus Says It May Buy Hovnanian Bonds to Cut Loss From CDS
finance.yahoo.com - April 11 at 5:19 PM |
| Who Are Hovnanian Enterprises Inc’s (NYSE:HOV) Major Shareholders?
finance.yahoo.com - April 11 at 5:19 PM |
| Solus CEO Accuses Blackstone of Conspiracy in CDS Battle
finance.yahoo.com - April 11 at 5:19 PM |
| Hovnanian's Weird CDS Trade Gets Weirder
finance.yahoo.com - April 10 at 5:22 PM |
| [$$] Hovnanian Magnifies Potential Swap Payday
finance.yahoo.com - April 10 at 8:39 AM |
| BRIEF-Hovnanian Enterprises Commences Exchange Offer And Consent Solicitation
www.reuters.com - April 6 at 8:39 AM |
 | K. Hovnanian® Homes Build On Your Lot Division Offers Spring Incentive of $15000 Off Select Homes
www.benzinga.com - April 4 at 4:05 PM |
| What’s Installed For Hovnanian Enterprises Inc (NYSE:HOV)?
finance.yahoo.com - April 3 at 5:26 PM |
 | K. Hovnanian® Homes Build On Your Lot Division Offers Spring Incentive of $15,000 Off Select Homes
www.streetinsider.com - April 3 at 8:35 AM |
 | Hovnanian Enterprises (HOV) Upgraded at ValuEngine
www.americanbankingnews.com - March 28 at 12:24 PM |
| SPIRAX-SARCO ENG (SPXSF) & Hovnanian Enterprises (HOV) Financial Comparison
www.americanbankingnews.com - March 22 at 3:38 PM |
| [$$] Swaps Referee Won't Wade Into Engineered Defaults
finance.yahoo.com - March 16 at 6:19 PM |
| Is It Time To Buy Hovnanian Enterprises Inc (NYSE:HOV)?
finance.yahoo.com - March 16 at 8:30 AM |
| Hedge Funds Seek Fixes to Credit Default Swaps After Being Stung by Loopholes
www.bloomberg.com - March 13 at 7:09 PM |
| Trigger Warning: GSO's Favorite Loophole in Danger
finance.yahoo.com - March 13 at 7:09 PM |
 | Pre-Market Technical Scan on Residential Construction Equities -- Hovnanian Enterprises, KB Home, Lennar, and ... - PR Newswire (press release)
www.prnewswire.com - March 13 at 8:37 AM |
| K. Hovnanian® Homes Unveils New Land Matching Program
www.streetinsider.com - March 12 at 6:28 PM |
| GSO's Goodman Backs Closing CDS Loophole That His Firm ... - Bloomberg
www.bloomberg.com - March 10 at 8:32 AM |
 | Homebuilder Hovnanian's stock drops as losses widen, sales fall ... - MarketWatch
www.marketwatch.com - March 10 at 8:32 AM |
| Blackstone's Goodman on High Yield, Insurance and CDS Rules
finance.yahoo.com - March 10 at 8:32 AM |
 | Hovnanian Enterprises, Inc. 2018 Q1 - Results - Earnings Call Slides
seekingalpha.com - March 9 at 6:37 PM |
| GSO's Goodman Backs Closing CDS Loophole That His Firm Mastered
finance.yahoo.com - March 9 at 6:37 PM |
| Hovnanian Enterprises' (HOV) CEO Ara Hovnanian on Q1 2018 Results - Earnings Call Transcript - Seeking Alpha
seekingalpha.com - March 9 at 8:34 AM |
| Hovanian shares down 6% after earnings miss - Seeking Alpha
seekingalpha.com - March 9 at 8:34 AM |
| Blackstone Backs Closing Hovnanian CDS 'Loophole', Says Goodman
finance.yahoo.com - March 9 at 8:34 AM |
| Hovnanian reports 1Q loss
finance.yahoo.com - March 8 at 6:26 PM |
| Hovnanian Enterprises Reports Fiscal 2018 First Quarter Results
finance.yahoo.com - March 8 at 6:26 PM |
| Why Hovnanian Enterprises Stock Dropped 10% This Morning
finance.yahoo.com - March 8 at 6:26 PM |
| Homebuilder Hovnanian's stock drops as losses widen, sales fall
finance.yahoo.com - March 8 at 6:26 PM |
| Hovnanian Enterprises (HOV) Issues Quarterly Earnings Results, Misses Expectations By $0.17 EPS
www.americanbankingnews.com - March 8 at 10:56 AM |
 | Tariffs, Cigna, Express Scripts, Snap and Elon Musk - 5 Things You Must Know
www.msn.com - March 8 at 8:34 AM |
| What’s The Market Sentiment Around Loss-Making Hovnanian Enterprises Inc (NYSE:HOV)?
finance.yahoo.com - March 8 at 8:34 AM |
| K. Hovnanian® Homes to host Clubhouse Grand Opening at Coral Lago - Benzinga
www.benzinga.com - March 7 at 8:28 AM |
| Spark Investment Management LLC Acquires 92,400 Shares of Hovnanian Enterprises, Inc. (HOV)
www.americanbankingnews.com - March 3 at 12:36 PM |
| Hovnanian Enterprises (HOV) Set to Announce Quarterly Earnings on Thursday
www.americanbankingnews.com - March 1 at 1:30 AM |
 | Hovnanian Enterprises Announces First Quarter Fiscal Year 2018 Earnings Release and Conference Call - GlobeNewswire (press release)
globenewswire.com - February 24 at 8:26 AM |
| Hovnanian Enterprises Announces First Quarter Fiscal Year 2018 Earnings Release and Conference Call
finance.yahoo.com - February 22 at 5:30 PM |
| K. Hovnanian Enterprises, Inc. -- Moody's upgrades Hovnanian's CFR to Caa1 but temporarily downgrades the PDR to Ca-PD/LD
finance.yahoo.com - February 6 at 9:44 AM |
| Hovnanian Enterprises, Inc. Announces Closing of Financing Transactions - GlobeNewswire (press release)
globenewswire.com - February 3 at 3:52 PM |
| Solus Statement on Preliminary Injunction Ruling
finance.yahoo.com - January 30 at 3:50 PM |
| K. Hovnanian Enterprises, Inc. Announces Expiration of Exchange Offer for Its 8.000% Senior Notes Due 2019
finance.yahoo.com - January 30 at 10:27 AM |
| Is Paying for Performance Bad?
finance.yahoo.com - January 29 at 3:49 PM |
| Judge Denies Injunction Request for Fancy CDS Transaction
finance.yahoo.com - January 29 at 3:49 PM |
| The Hedge Fund Skirmish That Could Kill the CDS Market
finance.yahoo.com - January 27 at 10:10 AM |
Hovnanian Enterprises (NYSE:HOV) SEC Filings
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Hovnanian Enterprises (NYSE:HOV) Income Statement, Balance Sheet and Cash Flow Statement
Hovnanian Enterprises (NYSE HOV) Stock Chart for Thursday, April, 19, 2018
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