Hovnanian Enterprises, Inc. engages in the design, construction, marketing, and sale of 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 club houses, 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.
IPO Year: 1983
Exchange: NYSE
Website: khov.com
MATAWAN, N.J., June 20, 2023 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE:HOV), a leading national homebuilder, announced that J. Larry Sorsby, Executive Vice President and Chief Financial Officer, intends to retire from the Company effective October 31, 2023. Mr. Sorsby will continue to serve the Company in his role as a member of the Board of Directors. "When reminiscing about Larry's 35 years of service, I am overwhelmed by all the ways both big and small that he contributed to our Company. His vast knowledge of the homebuilding industry and his financial acumen, particularly his understanding of the capital markets, vaults him to the top of a list of the best chief financial
As of July 24, 2024, two stocks in the consumer discretionary sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro. Here's the latest list of major overbought players in this sector. M/I Homes Inc (NYSE:MHO) On July 24, Raymond James analyst Buck Horne initiated co
The Nasdaq 100 closed lower by over 150 points on Thursday. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision. Below is a look at a few recent notable insider sales. For more, check out Benzinga’s insider transactions platform. Hovnanian Enterprises The Trade: Hovnanian Enterprises, Inc. (NYSE:HOV) Chairman of Bd., Pres. & CEO Ara K Hovnanian sold a t
Zelman & Assoc analyst Jesse Lederman upgrades Hovnanian Enterprises (NYSE:HOV) from Underperform to Neutral and announces $155 price target.
Shares of XP Inc. (NASDAQ:XP) fell sharply during Wednesday's session after the company reported worse-than-expected first-quarter EPS results. XP posted quarterly earnings of 37 cents per share, missing market estimates of 40 cents per share. The company's quarterly sales came in at $818.79 million versus expectations of $784.08 million, according to data from Benzinga Pro. XP shares dipped 11.5% to $18.99 on Wednesday. Here are some other stocks moving in today’s mid-day session. Gainers Akoustis Technologies, Inc. (NASDAQ:AKTS) shares climbed 213.3% to $0.4254 after the company reportedly floated the probability of bankruptcy after losing a lawsuit against Qorvo. Barnes
GTIS Partners ("GTIS"), a global real estate investment firm with a focus on residential and industrial/logistics investments, and Hovnanian Enterprises, Inc. (NYSE:HOV), a leading national homebuilder, today announced that they have expanded their partnership to develop, construct and sell homes in a new joint venture of eight additional for-sale homebuilding communities. To date, the partners have invested in approximately 70 homebuilding communities through multiple joint ventures.The eight newly added communities comprise 1,392 homes located across New Jersey, Florida, Delaware, and South Carolina. In addition to being geographically diversified, these communities are diversified by prod
MATAWAN, N.J., Nov. 21, 2024 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE:HOV), a leading national homebuilder, will release financial results for the fourth quarter and fiscal year ended October 31, 2024, the morning of Thursday, December 5, 2024. The Company will webcast its fourth quarter earnings conference call at 11:00 a.m. (ET) on Thursday, December 5, 2024. The conference call and accompanying slide presentation will be webcast live through the "Investor Relations" section of Hovnanian Enterprises' website at http://www.khov.com. It is suggested that participants access the webcast event page at least five minutes before the live event. For those who are not available to
PHOENIX, Oct. 21, 2024 (GLOBE NEWSWIRE) -- K. Hovnanian® Homes is proud to announce the U.S. Department of Energy (DOE) recognized their Phoenix Division as a 2024 Housing Innovation award winner for homebuilding excellence at their Edgewood Estates project. This prestigious national award is given to leading homebuilders for their achievements in crafting Zero Energy Ready Homes (ZERH). A home built to the DOE ZERH standard is designed to reduce energy consumption so that if a homeowner decided to add a renewable energy system, the amount of energy produced would offset the amount of energy used in that home. These homes must meet the DOE ZERH National Program Requirements' rigorous eff
MATAWAN, N.J., Sept. 16, 2024 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE:HOV), a leading national homebuilder, announced that senior management will be presenting at Deutsche Bank's 32nd Annual Leveraged Finance Conference taking place on Tuesday, September 24, 2024, at 11:00 am ET. The presentation will be webcast live through the "Investor Relations" section of Hovnanian Enterprises' website at http://www.khov.com. It is suggested that participants access the webcast event page at least five minutes before the live event. For those who are not available to listen to the live webcast, an archive of the broadcast will be available under the "Past Events" section of the "Investo
MATAWAN, N.J., Aug. 29, 2024 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE:HOV), a leading national homebuilder across the United States, announced the signing of a Memorandum of Understanding (MOU) between its subsidiary, K. Hovnanian M.E. Investments, LLC, and the Ministry of Municipalities and Housing of the Kingdom of Saudi Arabia. The MOU, signed under the patronage of His Excellency Majed bin Abdullah Al-Hogail, Minister of Municipalities and Housing and Chairman of the Saudi Real Estate Refinance Company (SRC), took place on August 21, 2024, during the Minister's official visit to the United States. The MOU, focused on fostering cooperation and strategic partnership in th
11% Year-Over-Year Growth in Total RevenuesIncome Before Income Taxes Increased 38% Year-Over-Year 24% Year-Over-Year Growth in Consolidated Community CountTotal Consolidated Lots Controlled Increased 34% Year-Over-YearIncreased Midpoint of Full Year Adjusted Income Before Income Tax Guidance by 11% to $313 Million MATAWAN, N.J., Aug. 22, 2024 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE:HOV), a leading national homebuilder, reported results for its fiscal third quarter and nine months ended July 31, 2024. RESULTS FOR THE THREE-MONTH AND NINE-MONTH PERIODS ENDED JULY 31, 2024: Total revenues increased 11.2% to $722.7 million in the third quarter of fiscal 2024, compared with $6
MATAWAN, N.J., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE:HOV), a leading national homebuilder, will release financial results for the third quarter ended July 31, 2024, the morning of Thursday, August 22, 2024. The Company will webcast its third quarter earnings conference call at 11:00 a.m. (ET) on Thursday, August 22, 2024. The conference call and accompanying slide presentation will be webcast live through the "Investor Relations" section of Hovnanian Enterprises' website at http://www.khov.com. It is suggested that participants access the webcast event page at least five minutes before the live event. For those who are not available to listen to the live webc
MATAWAN, N.J., June 25, 2024 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE:HOV), a leading national homebuilder, today announced that Moody's Ratings ("Moody's") has upgraded Hovnanian's corporate family rating to B2 from B3. In a press release issued on June 24, 2024, Moody's cited an improvement in the company's leverage profile through solid operating performance and growth in net worth, as well as through the recently completed debt exchange transaction. Moody's outlook for Hovnanian remains stable. "We are thrilled to get a ratings upgrade from Moody's, which follows an upgrade we received from S&P Ratings just two weeks ago," stated Brad G. O'Connor, Chief Financial Officer
MATAWAN, N.J., June 12, 2024 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE:HOV), a leading national homebuilder, today announced that S&P Global Ratings ("S&P") has upgraded Hovnanian's issuer credit rating to ‘B' from ‘B-' citing better than expected debt leverage, sustained community count growth, steady demand in home sales and a focus on cash flow management, which will allow the company to grow the business through internally generated cash flows as contributing factors in a press release issued on June 11, 2024. S&P's outlook for Hovnanian is stable. "The ratings upgrade from S&P is a testament to our strong operating results and our commitment to repairing our balance sheet
MATAWAN, N.J., June 05, 2024 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE:HOV), a leading national homebuilder, announced that senior management will be presenting at the Sidoti June Virtual Investor Conference taking place on June 12-13, 2024. The presentation will begin at 11:30 am ET on June 13, 2024 and can be accessed live here: Zoom Link. Hovnanian will also host virtual one-on-ones with investors on Wednesday and Thursday, June 12-13, 2024. To register for the presentation or one-on-ones, visit www.sidoti.com/events. Registration is free and you don't need to be a Sidoti client. About Sidoti Events, LLC ("Events") and Sidoti & Company, LLC ("Sidoti") In 2023, Sidot
Income Before Income Taxes Increased More Than 50% Year-Over-Year170 Basis Points Year-Over-Year Increase in Homebuilding Gross Margin PercentageNet Contracts per Community Increased Year-Over-Year to 13.9 MATAWAN, N.J., May 22, 2024 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE:HOV), a leading national homebuilder, reported results for its fiscal second quarter and six months ended April 30, 2024. RESULTS FOR THE THREE-MONTH AND SIX-MONTH PERIODS ENDED APRIL 30, 2024: Total revenues were $708.4 million in the second quarter of fiscal 2024, compared with $703.7 million in the same quarter of the prior year. For the six months ended April 30, 2024, total revenues were $1.30 billi
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MATAWAN, N.J., Nov. 21, 2024 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE:HOV), a leading national homebuilder, will release financial results for the fourth quarter and fiscal year ended October 31, 2024, the morning of Thursday, December 5, 2024. The Company will webcast its fourth quarter earnings conference call at 11:00 a.m. (ET) on Thursday, December 5, 2024. The conference call and accompanying slide presentation will be webcast live through the "Investor Relations" section of Hovnanian Enterprises' website at http://www.khov.com. It is suggested that participants access the webcast event page at least five minutes before the live event. For those who are not available to
11% Year-Over-Year Growth in Total RevenuesIncome Before Income Taxes Increased 38% Year-Over-Year 24% Year-Over-Year Growth in Consolidated Community CountTotal Consolidated Lots Controlled Increased 34% Year-Over-YearIncreased Midpoint of Full Year Adjusted Income Before Income Tax Guidance by 11% to $313 Million MATAWAN, N.J., Aug. 22, 2024 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE:HOV), a leading national homebuilder, reported results for its fiscal third quarter and nine months ended July 31, 2024. RESULTS FOR THE THREE-MONTH AND NINE-MONTH PERIODS ENDED JULY 31, 2024: Total revenues increased 11.2% to $722.7 million in the third quarter of fiscal 2024, compared with $6
MATAWAN, N.J., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE:HOV), a leading national homebuilder, will release financial results for the third quarter ended July 31, 2024, the morning of Thursday, August 22, 2024. The Company will webcast its third quarter earnings conference call at 11:00 a.m. (ET) on Thursday, August 22, 2024. The conference call and accompanying slide presentation will be webcast live through the "Investor Relations" section of Hovnanian Enterprises' website at http://www.khov.com. It is suggested that participants access the webcast event page at least five minutes before the live event. For those who are not available to listen to the live webc
Income Before Income Taxes Increased More Than 50% Year-Over-Year170 Basis Points Year-Over-Year Increase in Homebuilding Gross Margin PercentageNet Contracts per Community Increased Year-Over-Year to 13.9 MATAWAN, N.J., May 22, 2024 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE:HOV), a leading national homebuilder, reported results for its fiscal second quarter and six months ended April 30, 2024. RESULTS FOR THE THREE-MONTH AND SIX-MONTH PERIODS ENDED APRIL 30, 2024: Total revenues were $708.4 million in the second quarter of fiscal 2024, compared with $703.7 million in the same quarter of the prior year. For the six months ended April 30, 2024, total revenues were $1.30 billi
MATAWAN, N.J., May 08, 2024 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE:HOV), a leading national homebuilder, will release financial results for the second quarter ended April 30, 2024, the morning of Wednesday, May 22, 2024. The Company will webcast its second quarter earnings conference call at 11:00 a.m. (ET) on Wednesday, May 22, 2024. The conference call and accompanying slide presentation will be webcast live through the "Investor Relations" section of Hovnanian Enterprises' website at http://www.khov.com. It is suggested that participants access the webcast event page at least five minutes before the live event. For those who are not available to listen to the live webcas
Net Contracts per Community Increased 48% Year-Over-YearIncome Before Income Taxes Increased 80% Year-Over-Year$230 Million was the Highest Quarterly Land and Land Development Spend in 57 Quarters15% Year-Over-Year Growth in Total Revenues MATAWAN, N.J., Feb. 22, 2024 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE:HOV), a leading national homebuilder, reported results for its fiscal first quarter ended January 31, 2024. RESULTS FOR THE THREE-MONTHS ENDED JANUARY 31, 2024: Total revenues increased 15.3% to $594.2 million (including 1,063 deliveries) in the first quarter of fiscal 2024, compared with $515.4 million (including 938 deliveries) in the same quarter of the prior year.
MATAWAN, N.J., Feb. 08, 2024 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE:HOV), a leading national homebuilder, will release financial results for the first quarter ended January 31, 2024, the morning of Thursday, February 22, 2024. The Company will webcast its first quarter earnings conference call at 11:00 a.m. (ET) on Thursday, February 22, 2024. The conference call and accompanying slide presentation will be webcast live through the "Investor Relations" section of Hovnanian Enterprises' website at http://www.khov.com. It is suggested that participants access the webcast event page at least five minutes before the live event. For those who are not available to listen to the li
$121 million of Quarterly Pretax Income Best in More Than 16 YearsNet Contracts per Community Increased 66% Year-Over-YearBook Value Rose 80% Year-Over-Year to $73 per ShareRefinanced Over $600 Million of Secured Debt, Extending Maturities Until the Fourth Quarters of 2028 and 2029, Including $114 Million of Bond Redemptions that Occurred after the Quarter EndTotal Liquidity Climbed to $564 Million, the Highest in More Than 14 YearsProvided Guidance for a Significant Year-Over-Year Profit Increase in the First Quarter MATAWAN, N.J., Dec. 05, 2023 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE:HOV), a leading national homebuilder, reported results for its fiscal fourth quarter and y
MATAWAN, N.J., Nov. 21, 2023 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE:HOV), a leading national homebuilder, will release financial results for the fourth quarter and fiscal year ended October 31, 2023, the morning of Tuesday, December 5, 2023. The Company will webcast its fourth quarter earnings conference call at 11:00 a.m. (ET) on Tuesday, December 5, 2023. The conference call and accompanying slide presentation will be webcast live through the "Investor Relations" section of Hovnanian Enterprises' website at http://www.khov.com. It is suggested that participants access the webcast event page at least five minutes before the live event. For those who are not available to li
81% Year over Year Increase in Net ContractsNet Contracts per Community Increased 92% Year over YearHomebuilding Gross Margin Percentage Improved Sequentially by 230 Basis Points53% Sequential Growth in Income Before Income TaxesRedeemed in August $100 Million of Principal Amount of 7.75% Senior Secured Notes Due February 2026Increased Full Year Guidance MATAWAN, N.J., Aug. 30, 2023 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE:HOV), a leading national homebuilder, reported results for its fiscal third quarter and nine months ended July 31, 2023. RESULTS FOR THE THREE-MONTH AND NINE-MONTH PERIODS ENDED JULY 31, 2023: Total revenues were $650.0 million (including 1,198 homes) in
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