Hovnanian Enterprises, Inc. is a builder of residential homes. The Company designs, constructs, markets and sells single-family detached homes, attached townhomes and condominiums, urban infill and active lifestyle homes in planned residential developments. The Company has two distinct operations: homebuilding and financial services. Its homebuilding operations consist of six segments: Northeast: New Jersey and Pennsylvania; Mid-Atlantic: Delaware, Maryland, Virginia, Washington, District of Columbia, and West Virginia; Midwest: Illinois and Ohio; Southeast: Florida, Georgia and South Carolina; Southwest: Arizona and Texas, and West: California. Its financial services operations provide mortgage loans and title services to the customers of its homebuilding operations. 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.
Industry, Sector and Symbol:
- Sector: Construction
- Industry: Residential Builders - Single Homes
- Sub-Industry: Homebuilding
- Symbol: NYSE:HOV
- CUSIP: 44248720
- Web: www.khov.com
Capitalization:- Market Cap: $330.1 million
- Outstanding Shares: 132,115,000
Average Prices:- 50 Day Moving Avg: $2.47
- 200 Day Moving Avg: $2.36
- 52 Week Range: $1.52 - $2.98
P/E:- Trailing P/E Ratio: 21.90
- P/E Growth: -1.15
Sales & Book Value:- Annual Revenue: $2.66 billion
- Price / Sales: 0.11
- Book Value: ($1.83) per share
- Price / Book: -1.20
Profitability:- EBIDTA: $137.91 million
- Net Margins: 0.56%
- Return on Equity: -8.20%
- Return on Assets: 0.98%
Debt:- Debt-to-Equity Ratio: -6.56%
- Current Ratio: 4.87%
- Quick Ratio: 1.87%
Misc:- Average Volume: 1.43 million shs.
- Beta: 1.69
- Short Ratio: 5.27
Frequently Asked Questions for Hovnanian Enterprises (NYSE:HOV)
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 Inc (NYSE:HOV) released its earnings results on Friday, June, 2nd. The company reported ($0.05) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.04) by $0.02. The business had revenue of $585.90 million for the quarter, compared to analysts' expectations of $558.55 million. Hovnanian Enterprises had a negative return on equity of 8.20% and a net margin of 0.56%. The business's quarterly revenue was down 10.5% compared to the same quarter last year. During the same quarter last year, the company posted ($0.06) earnings per share. View Hovnanian Enterprises' Earnings History.
When will Hovnanian Enterprises make its next earnings announcement?
Where is Hovnanian Enterprises' stock going? Where will Hovnanian Enterprises' stock price be in 2017?
2 equities research analysts have issued 1 year target prices for Hovnanian Enterprises' shares. Their predictions range from $1.30 to $1.80. On average, they anticipate Hovnanian Enterprises' share price to reach $1.55 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 M/I Homes (MHO), Century Communities (CCS), Beazer Homes USA (BZH), Foundation Building Materials (FBM), Armstrong Flooring (AFI), Grana y Montero S.A.A. (GRAM), Team (TISI), Willdan Group (WLDN), Sterling Construction Company (STRL), FORTERRA INC (FRTA), Great Lakes Dredge & Dock Corporation (GLDD), New Home Company Inc. (The) (NWHM), Layne Christensen Company (LAYN), Orion Group Holdings (ORN), CDI Corporation (CDI), Revolution Lighting Technologies (RVLT), LSI Industries (LYTS) and Aspen Aerogels (ASPN).
Who are Hovnanian Enterprises' key executives?
Hovnanian Enterprises' management team includes the folowing people:
- Ara K. Hovnanian, Chairman of the Board, President, Chief Executive Officer
- J. Larry Sorsby, Chief Financial Officer, Executive Vice President, Director
- Lucian Theon Smith III, Chief Operating Officer
- Robert B. Coutts, Independent Director
- Edward A. Kangas, Independent Director
- Joseph A. Marengi, Independent Director
- Vincent Pagano Jr., Independent Director
- Stephen D. Weinroth, Independent Director
Who owns Hovnanian Enterprises stock?
Hovnanian Enterprises' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (3.91%), Renaissance Technologies LLC (3.38%), State Street Corp (1.74%), Dudley & Shanley LLC (1.69%), Northern Trust Corp (1.08%) and TIAA CREF Investment Management LLC (0.82%). View Institutional Ownership Trends for Hovnanian Enterprises.
Who sold Hovnanian Enterprises stock? Who is selling Hovnanian Enterprises stock?
Hovnanian Enterprises' stock was sold by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Renaissance Technologies LLC, Dudley & Shanley LLC, OxFORD Asset Management LLP, JPMorgan Chase & Co., California State Teachers Retirement System, Nationwide Fund Advisors and Rhumbline Advisers. View Insider Buying and Selling for Hovnanian Enterprises.
Who bought Hovnanian Enterprises stock? Who is buying Hovnanian Enterprises stock?
Hovnanian Enterprises' stock was purchased by a variety of institutional investors in the last quarter, including Mckinley Capital Management LLC Delaware, TIAA CREF Investment Management LLC, Alliancebernstein L.P., Cornerstone Capital Management Holdings LLC., Federated Investors Inc. PA, Canada Pension Plan Investment Board, State Street Corp and GSA Capital Partners LLP. View Insider Buying and Selling for Hovnanian Enterprises.
How do I buy Hovnanian Enterprises stock?
Shares of Hovnanian Enterprises can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Hovnanian Enterprises' stock price today?
One share of Hovnanian Enterprises stock can currently be purchased for approximately $2.19.
MarketBeat Community Rating for Hovnanian Enterprises (NYSE HOV)MarketBeat's community ratings are surveys of what our community members think about Hovnanian Enterprises and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for Hovnanian Enterprises (NYSE:HOV) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus 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 will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 1 Sell Rating, 1 Hold Rating |
| Consensus Rating: | Hold (Score: 1.50) |
| Consensus Price Target: | $1.55 (29.22% downside) |
Analysts' Ratings History for Hovnanian Enterprises (NYSE:HOV)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 4/14/2017 | JMP Securities | Reiterated Rating | Underperform | $1.60 -> $1.30 | Low |  |
| 9/12/2016 | MKM Partners | Set Price Target | Hold | $1.80 | N/A | |
| 6/4/2016 | Deutsche Bank AG | Reiterated Rating | Hold | | N/A | |
(Data available from 8/16/2015 forward)
Earnings History for Hovnanian Enterprises (NYSE:HOV)Earnings History by Quarter for Hovnanian Enterprises (NYSE HOV)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 9/7/2017 | | ($0.01) | | | | | N/A | |
| 6/2/2017 | Q2 17 | ($0.04) | ($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 | |
| 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 | |
| 12/21/2010 | | ($0.66) | ($1.68) | $288.05 million | $353.00 million | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Hovnanian Enterprises (NYSE:HOV)No earnings estimates for this company have been tracked by MarketBeat.com
Dividend History for Hovnanian Enterprises (NYSE:HOV)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Hovnanian Enterprises (NYSE:HOV)Insider Ownership Percentage: 15.42%
Institutional Ownership Percentage: 29.81%
Insider Trades by Quarter for Hovnanian Enterprises (NYSE:HOV)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 4/14/2016 | Vincent Pagano Jr | Director | Buy | 14,535 | $1.74 | $25,290.90 | |
| 10/21/2015 | Vincent Pagano Jr | Director | Buy | 20,260 | $2.24 | $45,382.40 | |
| 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 | |
| 1/17/2014 | Vincent Pagano, Jr. | Director | Buy | 6,000 | $5.97 | $35,820.00 | |
| 1/10/2014 | Thomas Pellerito | COO | Sell | 67,000 | $6.31 | $422,770.00 | |
(Data available from 1/1/2013 forward)
Headline Trends for Hovnanian Enterprises (NYSE:HOV)
Latest Headlines for Hovnanian Enterprises (NYSE:HOV)
| Source: |
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| Date | Headline |
|---|
 | Hovnanian Enterprises (NYSE:HOV) versus Lennar Corporation (LEN) Head to Head Analysis
www.americanbankingnews.com - August 15 at 12:28 AM |
| Hovnanian Enterprises Inc (HOV) Rating Lowered to Strong Sell at BidaskClub
www.americanbankingnews.com - August 5 at 7:26 PM |
 | Plan now for Winter 2017: Be Part of New 55+ Community in Florida with Resort-at-Home Lifestyle - Benzinga
www.benzinga.com - August 2 at 1:09 AM |
| Critical Review: Hovnanian Enterprises (HOV) and Lennar (LEN.B)
www.americanbankingnews.com - July 31 at 8:26 PM |
 | Hovnanian Enterprises, Inc. – Value Analysis (NYSE:HOV) : July 31, 2017
finance.yahoo.com - July 31 at 7:01 PM |
| Hovnanian Enterprises Inc (NYSE:HOV) Downgraded to "Sell" at BidaskClub
www.americanbankingnews.com - July 29 at 4:10 PM |
 | K. Hovnanian Enterprises, Inc. Announces Expiration of Tender Offers for Certain of Its Senior Secured Notes and ... - Nasdaq
www.nasdaq.com - July 27 at 8:07 PM |
| K. Hovnanian Enterprises, Inc. Announces Expiration of Tender Offers for Certain of Its Senior Secured Notes and Satisfaction and Discharge of Indentures Relating Thereto
finance.yahoo.com - July 27 at 8:07 PM |
| Hovnanian Enterprises (HOV) & M.D.C. Holdings (MDC) Financial Comparison
www.americanbankingnews.com - July 27 at 10:35 AM |
| New North Palm Beach Community Now Open - Benzinga
www.benzinga.com - July 25 at 7:53 PM |
| M/I Homes (MHO) & Hovnanian Enterprises (HOV) Head-To-Head Contrast
www.americanbankingnews.com - July 23 at 10:20 AM |
| Critical Survey: Hovnanian Enterprises (NYSE:HOV) versus Meritage Corporation (MTH)
www.americanbankingnews.com - July 21 at 8:34 AM |
 | Hovnanian At Risk - Seeking Alpha
seekingalpha.com - July 20 at 11:01 PM |
| Head to Head Survey: Hovnanian Enterprises (HOV) vs. NVR (NVR)
www.americanbankingnews.com - July 19 at 12:15 AM |
| Hovnanian Enterprises, Inc. breached its 50 day moving average in a Bearish Manner : HOV-US : July 17, 2017
finance.yahoo.com - July 18 at 12:36 AM |
| Hovnanian Enterprises Inc (HOV) Lowered to "Hold" at BidaskClub
www.americanbankingnews.com - July 16 at 2:06 PM |
| Hovnanian Enterprises (NYSE:HOV) vs. M.D.C. Holdings (MDC) Head-To-Head Contrast
www.americanbankingnews.com - July 15 at 4:08 PM |
| K. Hovnanian Enterprises, Inc. -- Moody's Publishes Covenant Quality Assessment for K. Hovnanian Enterprises, Inc. Bond Offering
finance.yahoo.com - July 13 at 9:15 PM |
 | K. Hovnanian Enterprises, Inc. Announces New Senior Notes Offering - GlobeNewswire (press release)
globenewswire.com - July 12 at 9:07 PM |
 | BRIEF-Hovnanian announces completion of early tender period
www.reuters.com - July 11 at 11:05 PM |
| K. Hovnanian Announces Completion of Early Tender Period in Respect of the Tender Offer for Its 10.000% Senior Secured Notes Due 2018, Extension of Early Tender Period in Respect of the Tender Offers for Its 9.125% Senior Secured Notes Due 2020 and 7.250% Senior Secured Notes Due 2020, and Extension of Expiration Time
finance.yahoo.com - July 11 at 11:04 PM |
| K. Hovnanian Enterprises, Inc. Announces New Senior Notes Offering
finance.yahoo.com - July 11 at 11:04 PM |
| K. Hovnanian Enterprises, Inc. -- Moody's Rates Hovnanian's Secured Notes Caa2, changes outlook to stable
finance.yahoo.com - July 11 at 11:04 PM |
| ETFs with exposure to Hovnanian Enterprises, Inc. : July 4, 2017
finance.yahoo.com - July 5 at 8:04 AM |
 | Stocks Under Scanner in the Residential Construction Space -- Hovnanian Enterprises, Lennar, Taylor Morrison Home, and TRI Pointe
www.marketwatch.com - June 27 at 5:55 PM |
 | Stocks Under Scanner in the Residential Construction Space -- Hovnanian Enterprises, Lennar, Taylor Morrison Home ... - PR Newswire (press release)
www.prnewswire.com - June 27 at 5:55 PM |
| K. Hovnanian Enterprises, Inc. Announces Tender Offers and Consent Solicitations - GlobeNewswire (press release)
globenewswire.com - June 26 at 7:30 PM |
| K. Hovnanian Enterprises, Inc. Announces Tender Offers and Consent Solicitations
finance.yahoo.com - June 26 at 7:30 PM |
| ETFs with exposure to Hovnanian Enterprises, Inc. : June 22, 2017
finance.yahoo.com - June 23 at 5:53 AM |
| Hovnanian Enterprises, Inc. breached its 50 day moving average in a Bullish Manner : HOV-US : June 20, 2017
finance.yahoo.com - June 20 at 3:15 PM |
| Tesla jumps on report of China deal, homebuilder shares rise after Lennar beat, McDonald's upgraded
finance.yahoo.com - June 20 at 3:15 PM |
| Hovnanian Enterprises (HOV) & CalAtlantic Group (CAA) Head-To-Head Survey
www.americanbankingnews.com - June 18 at 7:18 AM |
 | Becker & Poliakoff Wins Multi-Million Dollar Jury Verdict in Landmark Construction Case
www.businesswire.com - June 14 at 7:27 PM |
| K. Hovnanian® Homes to Host Model Grand Opening at Forest Valley in Streetsboro
www.benzinga.com - June 14 at 11:39 AM |
| Earnings Highlights and Review: Toll Brothers' Quarterly Revenues Jumped 22%; EPS Surged 43%
finance.yahoo.com - June 12 at 3:31 PM |
| ETFs with exposure to Hovnanian Enterprises, Inc. : June 12, 2017
finance.yahoo.com - June 12 at 3:31 PM |
| Hovnanian Enterprises, Inc. :HOV-US: Earnings Analysis: Q2, 2017 By the Numbers : June 9, 2017
finance.yahoo.com - June 9 at 6:10 PM |
| Edited Transcript of HOV earnings conference call or presentation 2-Jun-17 3:00pm GMT
finance.yahoo.com - June 3 at 9:00 AM |
 | EARNINGS SUMMARY: Details of Hovnanian Enterprises Inc. Q2 Earnings Report
www.rttnews.com - June 2 at 7:07 PM |
| BRIEF-Hovnanian Enterprises Q2 loss per share $0.05
www.reuters.com - June 2 at 7:07 PM |
| Hovnanian Enterprises, Inc. 2017 Q2 - Results - Earnings Call Slides
seekingalpha.com - June 2 at 7:07 PM |
| Market Recon: Illinois Reminds You of the Thin Line Between Love and Hate of Yield
finance.yahoo.com - June 2 at 7:07 PM |
| US stock futures pare gains after jobs reports disappoints
finance.yahoo.com - June 2 at 7:07 PM |
| Hovnanian Enterprises Reports Fiscal 2017 Second Quarter Results
finance.yahoo.com - June 2 at 7:07 PM |
| Hovnanian reports 2Q loss
finance.yahoo.com - June 2 at 7:07 PM |
| Why Zumiez, Pinnacle Foods, and Hovnanian Enterprises Slumped Today
finance.yahoo.com - June 2 at 7:07 PM |
| Hovnanian Enterprises, Inc. (HOV) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS
www.americanbankingnews.com - June 2 at 2:12 PM |
| Hovnanian Enterprises Announces Second Quarter Fiscal Year 2017 Earnings Release and Conference Call - Nasdaq
www.nasdaq.com - May 24 at 11:44 AM |
| Hovnanian Enterprises (HOV) Presents At J.P. Morgan Homebuilding and Building Products Conference - Slideshow
seekingalpha.com - May 23 at 5:19 PM |
| Hovnanian Enterprises (HOV) Presents At J.P. Morgan Homebuilding and Building Products Conference - Slideshow
seekingalpha.com - May 23 at 5:19 PM |
Hovnanian Enterprises (HOV) Chart for Wednesday, August, 16, 2017
