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NYSE:HOV

Hovnanian Enterprises (HOV) Stock Price, News & Analysis

$145.02
+5.50 (+3.94%)
(As of 05/28/2024 ET)
Today's Range
$139.20
$146.39
50-Day Range
$128.50
$183.17
52-Week Range
$65.22
$184.42
Volume
152,127 shs
Average Volume
68,715 shs
Market Capitalization
$884.62 million
P/E Ratio
4.83
Dividend Yield
N/A
Price Target
$155.00

Hovnanian Enterprises MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
6.9% Upside
$155.00 Price Target
Short Interest
Healthy
3.37% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.42mentions of Hovnanian Enterprises in the last 14 days
Based on 16 Articles This Week
Insider Trading
Selling Shares
$157,820 Sold Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.39 out of 5 stars

Construction Sector

67th out of 97 stocks

Operative Builders Industry

11th out of 16 stocks

HOV stock logo

About Hovnanian Enterprises Stock (NYSE:HOV)

Hovnanian Enterprises, Inc., through its subsidiaries, designs, constructs, markets, and sells residential homes in the United States. It offers single-family detached homes, attached townhomes and condominiums, urban infill, and active lifestyle homes with amenities, such as clubhouses, swimming pools, tennis courts, tot lots, and open areas. 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. It also provides mortgage loans, title insurance, and homeowner's insurance services. The company was founded in 1959 and is headquartered in Matawan, New Jersey.

HOV Stock Price History

HOV Stock News Headlines

PulteGroup Wins and Wins More on Interest Rate Cuts (HOV)
Despite a soft housing market, PulteGroup is thriving as new home sales rose 8.8% in March 2024, while existing home sales fell 4.3% to 4.3 million.
Q1 2024 Hovnanian Enterprises Inc Earnings Call
Hovnanian Enterprises Inc. Cl A
See More Headlines
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Company Calendar

Last Earnings
2/22/2024
Today
5/28/2024
Next Earnings (Estimated)
9/04/2024
Fiscal Year End
10/31/2024

Industry, Sector and Symbol

Industry
Operative builders
Sub-Industry
Homebuilding
CUSIP
44248720
Employees
1,715
Year Founded
1959

Price Target and Rating

Average Stock Price Target
$155.00
High Stock Price Target
$155.00
Low Stock Price Target
$155.00
Potential Upside/Downside
+6.9%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$205.89 million
Pretax Margin
9.54%

Debt

Sales & Book Value

Annual Sales
$2.76 billion
Cash Flow
$40.40 per share
Book Value
$73.25 per share

Miscellaneous

Free Float
5,019,000
Market Cap
$884.62 million
Optionable
Not Optionable
Beta
2.62

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HOV Stock Analysis - Frequently Asked Questions

Should I buy or sell Hovnanian Enterprises stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hovnanian Enterprises in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" HOV shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HOV, but not buy additional shares or sell existing shares.
View HOV analyst ratings
or view top-rated stocks.

What is Hovnanian Enterprises' stock price target for 2024?

1 analysts have issued 12-month price objectives for Hovnanian Enterprises' stock. Their HOV share price targets range from $155.00 to $155.00. On average, they predict the company's share price to reach $155.00 in the next twelve months. This suggests a possible upside of 6.9% from the stock's current price.
View analysts price targets for HOV
or view top-rated stocks among Wall Street analysts.

How have HOV shares performed in 2024?

Hovnanian Enterprises' stock was trading at $155.62 at the beginning of 2024. Since then, HOV shares have decreased by 6.8% and is now trading at $145.02.
View the best growth stocks for 2024 here
.

Are investors shorting Hovnanian Enterprises?

Hovnanian Enterprises saw a decline in short interest in April. As of April 30th, there was short interest totaling 197,400 shares, a decline of 7.2% from the April 15th total of 212,700 shares. Based on an average daily trading volume, of 76,500 shares, the short-interest ratio is currently 2.6 days. Approximately 4.2% of the company's shares are short sold.
View Hovnanian Enterprises' Short Interest
.

When is Hovnanian Enterprises' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, September 4th 2024.
View our HOV earnings forecast
.

How were Hovnanian Enterprises' earnings last quarter?

Hovnanian Enterprises, Inc. (NYSE:HOV) posted its quarterly earnings data on Thursday, February, 22nd. The construction company reported $2.75 earnings per share for the quarter. The construction company earned $594.20 million during the quarter. Hovnanian Enterprises had a net margin of 8.02% and a trailing twelve-month return on equity of 57.78%.

What ETFs hold Hovnanian Enterprises' stock?

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).

When did Hovnanian Enterprises' stock split?

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.

What guidance has Hovnanian Enterprises issued on next quarter's earnings?

Hovnanian Enterprises updated its FY 2024 earnings guidance on Wednesday, May, 22nd. The company provided earnings per share guidance of 25.000-29.000 for the period. The company issued revenue guidance of $2.8 billion-$3.0 billion.

What is Ara K. Hovnanian's approval rating as Hovnanian Enterprises' CEO?

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.

What other stocks do shareholders of Hovnanian Enterprises own?

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).

Who are Hovnanian Enterprises' major shareholders?

Hovnanian Enterprises' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (4.60%), Acadian Asset Management LLC (1.01%), Assenagon Asset Management S.A. (0.91%), Woodson Capital Management LP (0.67%), Foundry Partners LLC (0.45%) and Empowered Funds LLC (0.42%). Insiders that own company stock include Ara K Hovnanian, Ara K Hovnanian, Edward A Kangas, J Larry Sorsby and Vincent Pagano Jr.
View institutional ownership trends
.

How do I buy shares of Hovnanian Enterprises?

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.
Compare Top Brokerages Here.

This page (NYSE:HOV) was last updated on 5/29/2024 by MarketBeat.com Staff

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