HOV - Hovnanian Enterprises Inc Stock Price, Fair Value and News

141.10USD-7.61 (-5.12%)Delayed as of 25 Apr 2024, 09:59 am ET

Market Summary

USD141.10-7.61

Delayedas of 25 Apr 2024, 09:59 am

-5.12%

HOV Alerts

1 major insider sales recently.

HOV Stock Price

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HOV RSI Chart

HOV Valuation

Market Cap

966.0M

Price/Earnings (Trailing)

4.58

Price/Sales (Trailing)

0.34

EV/EBITDA

5.51

Price/Free Cashflow

2.71

HOV Price/Sales (Trailing)

HOV Profitability

EBT Margin

9.54%

Return on Equity

34.77%

Return on Assets

9.02%

Free Cashflow Yield

36.96%

HOV Fundamentals

HOV Revenue

Revenue (TTM)

2.8B

Rev. Growth (Yr)

15.3%

Rev. Growth (Qtr)

-33.01%

HOV Earnings

Earnings (TTM)

211.1M

Earnings Growth (Yr)

27.72%

Earnings Growth (Qtr)

-75.42%

Breaking Down HOV Revenue

52 Week Range

67.10142.69

(Low)(High)

Last 7 days

15.6%

Last 30 days

2.9%

Last 90 days

-6.0%

Trailing 12 Months

106.3%

How does HOV drawdown profile look like?

HOV Financial Health

Debt/Equity

1.54

Debt/Cashflow

0.4

HOV Investor Care

Buy Backs (1Y)

3.22%

Diluted EPS (TTM)

27.6

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	2.8B	0	0	0
2023	2.9B	2.9B	2.8B	2.8B
2022	2.8B	2.8B	2.8B	2.9B
2021	2.4B	2.6B	2.7B	2.8B
2020	2.1B	2.2B	2.4B	2.3B
2019	2.0B	1.9B	1.9B	2.0B
2018	2.3B	2.2B	2.1B	2.0B
2017	2.7B	2.7B	2.5B	2.5B
2016	2.3B	2.5B	2.6B	2.8B
2015	2.1B	2.2B	2.2B	2.1B
2014	1.9B	1.9B	2.0B	2.1B
2013	1.6B	1.7B	1.7B	1.9B
2012	1.2B	1.2B	1.3B	1.5B
2011	1.3B	1.3B	1.2B	1.1B
2010	0	0	1.5B	1.4B
2009	0	0	0	1.6B

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Hovnanian Enterprises Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 21, 2024	hovnanian ara k	sold	-157,820	157	-1,000	chairman of bd., pres. & ceo
Mar 06, 2024	hovnanian ara k	acquired	-	-	40,141	chairman of bd., pres. & ceo
Mar 05, 2024	pagano vincent jr	sold (taxes)	-57,616	148	-387	-
Mar 05, 2024	pagano vincent jr	back to issuer	-7,444	148	-50.00	-
Mar 05, 2024	pagano vincent jr	acquired	57,550	110	522	-
Jan 05, 2024	o'connor brad g	back to issuer	-935,488	154	-6,062	cfo and treasurer
Jan 05, 2024	o'connor brad g	acquired	-	-	6,062	cfo and treasurer
Jan 05, 2024	sorsby j larry	back to issuer	-2,248,290	154	-14,569	-
Jan 05, 2024	sorsby j larry	acquired	-	-	14,569	-
Jan 05, 2024	hovnanian ara k	back to issuer	-5,332,370	154	-34,554	chairman of bd., pres. & ceo

Which funds bought or sold HOV recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 23, 2024	AMALGAMATED BANK	reduced	-58.9	-40,000	28,000	-%
Apr 22, 2024	MetLife Investment Management, LLC	unchanged	-	132,202	381,269	-%
Apr 19, 2024	DENALI ADVISORS LLC	added	88.03	808,992	1,711,590	0.50%
Apr 19, 2024	Wealthstar Advisors, LLC	sold off	-100	-926,407	-	-%
Apr 18, 2024	Edmonds Duncan Registered Investment Advisors, LLC	sold off	-100	-214,289	-	-%
Apr 18, 2024	Koss-Olinger Consulting, LLC	sold off	-100	-421,000	-	-%
Apr 18, 2024	Allspring Global Investments Holdings, LLC	added	12.7	5,188	43,159	-%
Apr 15, 2024	Sunbelt Securities, Inc.	unchanged	-	1.00	157	-%
Apr 15, 2024	EXCHANGE TRADED CONCEPTS, LLC	sold off	-100	-408,814	-	-%
Apr 12, 2024	Range Financial Group LLC	new	-	702,777	702,777	0.36%

Are Funds Buying or Selling HOV?

Are funds buying HOV calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own HOV

No. of Funds

HOV Alerts

1 major insider sales recently.

Unveiling Hovnanian Enterprises Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	4.95%	264,423	SC 13G/A
Jan 26, 2024	blackrock inc.	7.2%	384,804	SC 13G/A
Dec 13, 2023	hovnanian ara k	15.1%	907,479	SC 13D/A
Jun 23, 2023	hovnanian ara k	16.8%	994,521	SC 13D/A
Feb 09, 2023	vanguard group inc	5.62%	295,593	SC 13G
Feb 01, 2023	blackrock inc.	6.0%	313,748	SC 13G/A
May 02, 2022	hovnanian ara k	16.1%	1,007,147	SC 13D/A
May 02, 2022	sorsby j larry	0%	0	SC 13D/A
Feb 07, 2022	blackrock inc.	6.4%	359,565	SC 13G
Nov 05, 2021	hovnanian ara k	17.0%	1,076,378	SC 13D/A

Recent SEC filings of Hovnanian Enterprises Inc

View All Filings

Date Filed	Form Type	Document
Mar 22, 2024	8-K	Current Report
Mar 22, 2024	4	Insider Trading
Mar 21, 2024	144	Notice of Insider Sale Intent
Mar 07, 2024	4	Insider Trading
Mar 07, 2024	4	Insider Trading
Mar 01, 2024	10-Q	Quarterly Report
Feb 22, 2024	8-K	Current Report
Feb 13, 2024	SC 13G/A	Major Ownership Report
Feb 02, 2024	DEFA14A	DEFA14A
Feb 02, 2024	DEF 14A	DEF 14A

Peers (Alternatives to Hovnanian Enterprises Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
HD	329.9B	152.7B	-13.20%	12.34%	21.79	2.16	-3.01%	-11.47%
LOW	131.8B	86.4B	-9.33%	11.87%	17.06	1.53	-11.01%	20.02%
DHI	47.0B	37.1B	-8.51%	35.09%	9.46	1.27	10.12%	-4.29%
NVR	24.9B	9.5B	-1.34%	35.56%	15.62	2.61	-9.58%	-7.76%
FND	11.7B	4.4B	-13.89%	12.93%	47.61	2.65	3.50%	-17.51%
MID-CAP
MHK	7.1B	11.1B	-11.36%	16.66%	-16.14	0.64	-5.13%	-1840.86%
IBP	6.7B	2.8B	-8.19%	94.88%	27.38	2.4	4.08%	9.09%
WHR	5.8B	19.5B	-6.87%	-20.30%	11.95	0.3	-1.36%	131.86%
CVCO	3.1B	1.9B	-5.21%	23.58%	17.87	1.65	-14.77%	-30.65%
CCS	2.6B	3.7B	-11.58%	23.91%	10.06	0.71	-18.06%	-50.64%
LEG	2.4B	4.7B	-2.68%	-41.90%	-17.79	0.52	-8.19%	-144.16%
SMALL-CAP
AMWD	1.5B	1.9B	-7.18%	86.01%	12.22	0.78	-10.13%	53.07%
BZH	858.0M	2.1B	-13.15%	60.00%	5.5	0.4	-6.89%	-25.76%
BSET	119.0M	369.0M	-10.07%	-5.27%	-20.49	0.32	-22.39%	-109.49%
CRWS	52.6M	86.7M	-4.99%	-8.87%	11.16	0.61	9.53%	-34.99%

Hovnanian Enterprises Inc News

Latest updates

Hovnanian Enterprises Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-33.0%	594	887	650	704	515	887	768	703	565	814	691	703	575	683	628	538	494	714	482	441	381
Costs and Expenses	-24.6%	578	766	584	663	504	800	668	618	538	733	634	675	557	644	622	540	512	680	493	463	407
EBITDA Margin	1.3%	0.12*	0.12*	0.11*	0.11*	0.12*	0.13*	0.13*	0.12*	0.11*	0.10*	0.10*	0.08*	0.07*	0.06*	0.04*	0.04*	0.03*	0.04*	0.05*	0.06*	0.06*
Interest Expenses	-91.8%	3.00	36.00	-4.37	31.00	4.00	28.00	-14.42	32.00	5.00	32.00	8.00	37.00	10.00	40.00	14.00	22.00	14.00	27.00	38.00	3.00	40.00
Income Taxes	-64.1%	9.00	24.00	15.00	12.00	-0.70	36.00	29.00	19.00	11.00	25.00	14.00	-457	1.00	2.00	1.00	0.00	2.00	1.00	1.00	0.00	0.00
Earnings Before Taxes	-73.2%	33.00	121	70.00	46.00	18.00	91.00	112	81.00	35.00	77.00	62.00	31.00	20.00	42.00	16.00	4.00	-7.44	-0.59	-7.06	-14.91	-17.11
EBT Margin	2.7%	0.10*	0.09*	0.08*	0.09*	0.11*	0.11*	0.11*	0.09*	0.07*	0.07*	0.06*	0.04*	0.03*	0.02*	0.01*	0.00*	-0.01*	-0.02*	0.00*	0.01*	0.01*
Net Income	-75.4%	24.00	97.00	56.00	34.00	19.00	56.00	83.00	62.00	25.00	52.00	48.00	489	19.00	41.00	15.00	4.00	-9.15	-1.81	-7.60	-15.26	-17.45
Net Income Margin	-0.3%	0.07*	0.07*	0.06*	0.07*	0.08*	0.08*	0.08*	0.07*	0.22*	0.22*	0.22*	0.22*	0.03*	0.02*	0.00*	-0.01*	-0.02*	-0.02*	0.00*	0.01*	0.01*
Free Cashflow	-168.4%	-94.45	138	221	93.00	-34.99	114	30.00	51.00	-118	126	65.00	108	-95.02	99.00	112	51.00	27.00	8.00	-60.37	-77.63	-123

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-6.1%	2,340	2,493	2,394	2,484	2,435	2,562	2,538	2,384	2,309	2,321	2,312	2,338	1,851	1,827	1,806	1,906	1,790	1,881	1,795	1,755	1,624
Net PPE	-100.0%	-	34.00	31.00	28.00	28.00	26.00	-	-	-	19.00	-	-	-	18.00	-	-	-	20.00	-	-	-
Liabilities	-9.3%	1,733	1,911	1,911	2,054	2,039	2,179	2,199	2,126	2,112	2,145	2,191	2,265	2,267	2,263	2,285	2,401	2,289	2,371	2,288	2,240	2,094
Long Term Debt	-11.1%	935	1,051	1,045	1,144	1,145	1,147	1,148	1,149	1,247	1,248	1,318	1,429	1,430	1,431	1,432	1,584	1,460	1,480	-	-	1,116
Shareholder's Equity	4.4%	607	582	482	429	396	383	339	258	197	175	121	73.00	-	-	-	-	-	-	-	-	-
Retained Earnings	13.5%	-135	-157	-251	-304	-336	-352	-405	-485	-545	-567	-619	-667	-1,156	-1,175	-1,215	-1,231	-1,235	-1,225	-1,224	-1,216	-1,201
Additional Paid-In Capital	0.6%	740	736	731	731	729	728	724	723	722	722	720	719	719	718	715	715	715	716	711	712	709
Shares Outstanding	4.3%	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	-	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00
Minority Interest	-100.0%	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	-
Float	-	-	-	-	-	-	-	-	358	-	-	-	680	-	-	-	64.00	-	-	-	74.00	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-161.9%	-89,004	143,676	225,632	97,213	-31,246	118,063	33,606	53,526	-115,729	127,941	66,812	109,519	-94,059	99,994	113,115	52,075	27,644	8,931	-59,189	-76,697	-122,172
Share Based Compensation	-12.9%	4,073	4,674	5,318	2,165	2,070	3,872	3,010	1,759	1,635	2,359	3,556	851	902	-	-	-	-	524	-994	576	615
Cashflow From Investing	-2389.4%	-4,121	180	-57,960	2,821	-23,276	1,133	-185	-173	-2,927	2,017	19,407	-20,301	7,873	20,447	3,012	-4,516	-16,803	1,201	-5,597	-7,305	3,394
Cashflow From Financing	-333.9%	-146,271	-33,714	-171,009	-8,601	-48,387	-15,589	38,313	-56,362	17,118	-53,628	-122,793	-44,285	3,433	-57,241	-153,234	107,860	-65,159	47,336	20,981	99,432	38,959
Dividend Payments	-100.0%	-	2,662	2,700	2,700	2,669	2,662	2,700	2,700	2,669	-	-	-	-	-	-	-	-	-	-	-	-
Buy Backs	-	-	-	-	-	4,800	12,222	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

HOV Income Statement

2024-01-31

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands

3 Months Ended

Jan. 31, 2024

Jan. 31, 2023

Revenues

$ 594,196

$ 515,366

Inventory impairments and land option write-offs

302

477

Corporate general and administrative

37,133

25,490

Other interest

^[1]

10,451

15,093

Other expenses, net

551

386

Total expenses

577,956

504,479

Gain on extinguishment of debt, net

1,371

Income from unconsolidated joint ventures

14,952

7,160

Income before income taxes

32,563

18,047

Tax provision (benefit)

8,659

(669)

Net income

23,904

18,716

Less: preferred stock dividends

2,669

Net income available to common stockholders

$ 21,235

$ 16,047

Net income per common share (in dollars per share)

$ 3.11

$ 2.37

Weighted-average number of common shares outstanding basic (in shares)

6,496

6,186

Net income per common share (in dollars per share)

$ 2.91

$ 2.26

Weighted-average number of common shares outstanding (in shares)

6,937

6,468

State and Local Jurisdiction [Member]

Tax provision (benefit)

$ 2,206

$ 2,211

Domestic Tax Authority [Member]

Tax provision (benefit)

6,453

(2,880)

Home Building [Member]

Revenues

578,928

503,202

Cost of sales, excluding interest

449,213

391,040

Cost of sales interest

19,898

15,022

Inventory impairments and land option write-offs

302

477

Total cost of sales

469,413

406,539

Selling, general and administrative

48,937

47,918

Total expenses excluding Corporate general and administrative, Other interest and Other expenses, net

518,350

454,457

Home Building [Member] | Sale of homes [Member]

Revenues

573,636

499,645

Home Building [Member] | Land Sales and Other Revenues [Member]

Revenues

5,292

3,557

Financial Services [Member]

Revenues

15,268

12,164

Total expenses excluding Corporate general and administrative, Other interest and Other expenses, net

$ 11,471

$ 9,053

[1]

Other interest expensed includes interest that does not qualify for interest capitalization because our assets that qualify for interest capitalization (inventory under development) do not exceed our debt, which amounted to $3.7 million and $6.6 million for the three months ended January 31, 2024and 2023, respectively. Other interest also includes interest on completed homes, land in planning and fully developed lots without homes under construction, which does not qualify for capitalization and therefore is expensed as incurred. This component of other interest was $6.8 million and $8.5 million for the three months ended January 31, 2024and 2023, respectively.

HOV Balance Sheet

2024-01-31

CONDENSED CONSOLIDATED BALANCE SHEETS (Current Period Unaudited) - USD ($) $ in Thousands	Jan. 31, 2024	Oct. 31, 2023
Inventories:
Deferred tax assets, net	$ 295,332	$ 302,833
Total assets	2,340,378	2,492,940
LIABILITIES AND EQUITY
Senior notes and credit facilities (net of discounts, premiums and debt issuance costs)	934,617	1,051,491
Income taxes payable	2,583	1,861
Total liabilities	1,733,290	1,911,151
Hovnanian Enterprises, Inc. stockholders' equity:
Preferred stock, $0.01 par value - authorized 100,000 shares; issued and outstanding 5,600 shares with a liquidation preference of $140,000 at January 31, 2024 and October 31, 2023	135,299	135,299
Paid in capital - common stock	740,063	735,946
Accumulated deficit	(135,962)	(157,197)
Treasury stock - at cost – 901,379 shares of Class A common stock at January 31, 2024 and October 31, 2023; 27,669 shares of Class B common stock at January 31, 2024 and October 31, 2023	(132,382)	(132,382)
Total Hovnanian Enterprises, Inc. stockholders’ equity	607,088	581,736
Noncontrolling interest in consolidated joint ventures	0	53
Total equity	607,088	581,789
Total liabilities and equity	2,340,378	2,492,940
Common Class A [Member]
Hovnanian Enterprises, Inc. stockholders' equity:
Common stock	62	62
Common Class B [Member]
Hovnanian Enterprises, Inc. stockholders' equity:
Common stock	8	8
Home Building [Member]
ASSETS
Cash and cash equivalents	183,118	434,119
Restricted cash and cash equivalents	8,369	8,431
Inventories:
Sold and unsold homes and lots under development	1,092,347	998,841
Land and land options held for future development or sale	173,134	125,587
Consolidated inventory not owned	198,077	224,758
Total inventories	1,463,558	1,349,186
Investments in and advances to unconsolidated joint ventures	110,592	97,886
Receivables, deposits and notes, net	24,208	27,982
Property and equipment, net	37,441	33,946
Prepaid expenses and other assets	68,127	69,886
Total assets excluding deferred tax assets, net	1,895,413	2,021,436
LIABILITIES AND EQUITY
Nonrecourse mortgages, net of debt issuance costs	99,553	91,539
Accounts payable and other liabilities	360,207	415,480
Customers’ deposits	51,798	51,419
Liabilities from inventory not owned, net of debt issuance costs	114,658	124,254
Senior notes and credit facilities (net of discounts, premiums and debt issuance costs)	934,617	1,051,491
Accrued interest	41,472	26,926
Total liabilities excluding income taxes payable	1,602,305	1,761,109
Financial Services [Member]
Inventories:
Total assets excluding deferred tax assets, net	149,633	168,671
LIABILITIES AND EQUITY
Total liabilities excluding income taxes payable	$ 128,402	$ 148,181

About Hovnanian Enterprises Inc

Hovnanian Enterprises, Inc. 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 and title insurance services. The company was founded in 1959 and is headquartered in Matawan, New Jersey.

CEO	Mr. Ara K. Hovnanian
WEBSITE	khov.com
INDUSTRY	Home Improvement Retail
EMPLOYEES	1866

Hovnanian Enterprises Inc Frequently Asked Questions

What is the ticker symbol for Hovnanian Enterprises Inc? What does HOV stand for in stocks?

HOV is the stock ticker symbol of Hovnanian Enterprises Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Hovnanian Enterprises Inc (HOV)?

As of Wed Apr 24 2024, market cap of Hovnanian Enterprises Inc is 966.02 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of HOV stock?

You can check HOV's fair value in chart for subscribers.

What is the fair value of HOV stock?

You can check HOV's fair value in chart for subscribers. The fair value of Hovnanian Enterprises Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Hovnanian Enterprises Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for HOV so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Hovnanian Enterprises Inc a good stock to buy?

The fair value guage provides a quick view whether HOV is over valued or under valued. Whether Hovnanian Enterprises Inc is cheap or expensive depends on the assumptions which impact Hovnanian Enterprises Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for HOV.

What is Hovnanian Enterprises Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed Apr 24 2024, HOV's PE ratio (Price to Earnings) is 4.58 and Price to Sales (PS) ratio is 0.34. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. HOV PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Hovnanian Enterprises Inc's stock?

In the past 10 years, Hovnanian Enterprises Inc has provided 0.03 (multiply by 100 for percentage) rate of return.