Hovnanian Enterprises (HOV) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $172.90 to $184.10
• 50-Day Range: $165.91 to $224.75
• 52-Week Range: $86.61 to $240.34
• Volume: 76,467 shs
• Average Volume: 79,212 shs
• Market Capitalization: $1.06 billion
• P/E Ratio: 5.42
• Dividend Yield: N/A
• Price Target: $155.00
• Consensus Rating: Hold

Hovnanian Enterprises Stock Analysis - MarketRank™

Hovnanian Enterprises scored higher than 29% of companies evaluated by MarketBeat, and ranked 89th out of 100 stocks in the construction sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

Consensus Rating

Hovnanian Enterprises has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Hovnanian Enterprises has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Hovnanian Enterprises is 5.42, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.01.

Price to Earnings Ratio vs. Sector

The P/E ratio of Hovnanian Enterprises is 5.42, which means that it is trading at a less expensive P/E ratio than the Construction sector average P/E ratio of about 30.35.

Price to Book Value per Share Ratio

Hovnanian Enterprises has a P/B Ratio of 2.40. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

5.51% of the float of Hovnanian Enterprises has been sold short.

Short Interest Ratio / Days to Cover

Hovnanian Enterprises has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Hovnanian Enterprises has recently increased by 7.16%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Hovnanian Enterprises does not currently pay a dividend.

Dividend Growth

Hovnanian Enterprises does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

5.51% of the float of Hovnanian Enterprises has been sold short.

Short Interest Ratio / Days to Cover

Hovnanian Enterprises has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Hovnanian Enterprises has recently increased by 7.16%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.7 / 5
• News Sentiment: 1.71

News Sentiment

Hovnanian Enterprises has a news sentiment score of 1.71. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.85 average news sentiment score of Construction companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Hovnanian Enterprises this week, compared to 3 articles on an average week.

Search Interest

3 people have searched for HOV on MarketBeat in the last 30 days.

MarketBeat Follows

Only 2 people have added Hovnanian Enterprises to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Hovnanian Enterprises insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $12,824,040.00 in company stock.

Percentage Held by Insiders

17.67% of the stock of Hovnanian Enterprises is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

65.40% of the stock of Hovnanian Enterprises is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

HOV Stock Analysis - Frequently Asked Questions

How have HOV shares performed this year?

Hovnanian Enterprises' stock was trading at $155.62 at the beginning of the year. Since then, HOV stock has increased by 12.8% and is now trading at $175.47.
View the best growth stocks for 2024 here.

How were Hovnanian Enterprises' earnings last quarter?

Hovnanian Enterprises, Inc. (NYSE:HOV) announced its quarterly earnings data on Thursday, August, 22nd. The construction company reported $9.75 EPS for the quarter. The construction company earned $722.70 million during the quarter. Hovnanian Enterprises had a trailing twelve-month return on equity of 52.22% and a net margin of 8.41%.

When did Hovnanian Enterprises' stock split?

Shares of Hovnanian Enterprises reverse split before market open on 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 market closes 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.

Who are Hovnanian Enterprises' major shareholders?

Hovnanian Enterprises' top institutional shareholders include State Street Corp (3.77%), Forager Capital Management LLC (1.93%), Geode Capital Management LLC (1.85%) and Philadelphia Financial Management of San Francisco LLC (1.41%). Insiders that own company stock include J Larry Sorsby, Ara K Hovnanian, Vincent Pagano Jr, Robin Stone Sellers and Edward A Kangas.
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.

What other stocks do shareholders of Hovnanian Enterprises own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Hovnanian Enterprises investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Tesla (TSLA), Netflix (NFLX), Visa (V) and JPMorgan Chase & Co. (JPM).

Company Calendar

• Last Earnings: 8/22/2024
• Today: 11/21/2024
• Next Earnings (Estimated): 12/03/2024
• Fiscal Year End: 10/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Construction
• Industry: Operative builders
• Sub-Industry: Homebuilding
• Current Symbol: NYSE:HOV
• CUSIP: 44248720
• CIK: 357294
• Web: www.khov.com
• Phone: (732) 747-7800
• Fax: 732-747-7159
• 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: -11.7%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $32.37
• Trailing P/E Ratio: 5.42
• Forward P/E Ratio: 5.85
• P/E Growth: N/A
• Net Income: $205.89 million
• Net Margins: 8.41%
• Pretax Margin: 11.01%
• Return on Equity: 52.22%
• Return on Assets: 10.77%

Debt

• Debt-to-Equity Ratio: 0.20
• Current Ratio: 1.45
• Quick Ratio: 0.27

Sales & Book Value

• Annual Sales: $2.76 billion
• Price / Sales: 0.39
• Cash Flow: $39.52 per share
• Price / Cash Flow: 4.44
• Book Value: $73.25 per share
• Price / Book: 2.40

Miscellaneous

• Outstanding Shares: 6,050,000
• Free Float: 4,985,000
• Market Cap: $1.06 billion
• Optionable: Not Optionable
• Beta: 2.60