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
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/16/2024 | $155.00 | Neutral | Wedbush |
Wedbush initiated coverage of Hovnanian with a rating of Neutral and set a new price target of $155.00
MATAWAN, N.J., May 06, 2025 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE:HOV), a leading national homebuilder, will release financial results for the second quarter ended April 30, 2025, the morning of Tuesday, May 20, 2025. The Company will webcast its second quarter earnings conference call at 11:00 a.m. (ET) on Tuesday, May 20, 2025. 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 webcast, a
13% Increase in Total Revenues Income Before Income Taxes Increased 22% Year-Over-Year 7% Year-Over-Year Quarterly Growth in Consolidated Contracts Total Consolidated Lots Controlled Increased 29% Year-Over-Year MATAWAN, N.J., Feb. 24, 2025 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE:HOV), a leading national homebuilder, reported results for its fiscal first quarter ended January 31, 2025. RESULTS FOR THE THREE-MONTHS ENDED JANUARY 31, 2025: Total revenues increased 13.4% to $673.6 million in the first quarter of fiscal 2025, compared with $594.2 million in the same quarter of the prior year.Sale of homes revenues increased 12.8% to $646.9 million (1,254 homes) in the fiscal 2
MATAWAN, N.J., Feb. 10, 2025 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE:HOV), a leading national homebuilder, will release financial results for the first quarter ended January 31, 2025, the morning of Monday, February 24, 2025. The Company will webcast its first quarter earnings conference call at 11:00 a.m. (ET) on Monday, February 24, 2025. 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 w
Full Year Income Before Income Taxes Increased 24% Year-Over-Year44% Year-Over-Year Quarterly Growth in Consolidated ContractsTotal Consolidated Lots Controlled Increased 32% Year-Over-Year47% Year-Over-Year Growth in Annual Land and Land Development Spend MATAWAN, N.J., Dec. 05, 2024 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE:HOV), a leading national homebuilder, reported results for its fiscal fourth quarter and year ended October 31, 2024. RESULTS FOR THE THREE-MONTHS AND FULL YEAR ENDED OCTOBER 31, 2024: Total revenues, adjusted homebuilding gross margin and total SG&A as a percentage of total revenues for the full year ended October 31, 2024, were within our
MATAWAN, N.J., Dec. 04, 2024 (GLOBE NEWSWIRE) -- K. Hovnanian® Homes is excited to announce that their achievements in energy-efficient home construction have again been recognized by the U.S. Department of Energy (DOE), in both their Northeast and Phoenix Divisions. As part of their effort to build comfortable, high-performance new-construction homes that could reduce customers' energy costs while lessening their environmental impact, K. Hovnanian has been an industry leader in building DOE Zero Energy Ready Homes (ZERH). Homes certified as Zero Energy Ready utilize renewable energy systems that offset most or all of the home's annual energy use, and must meet rigorous efficiency and per
MATAWAN, N.J., Dec. 02, 2024 (GLOBE NEWSWIRE) -- K. Hovnanian® Homes celebrates the launch of their new and improved website, www.khov.com, launched on November 13, 2024. The brand-new khov.com elevates the experience of home-hunting online, whether a buyer is browsing on mobile, tablet, or desktop. With immersive renderings, scrolling videos, and new interactive features, K. Hovnanian's signature LOOKS program comes to life more vividly than ever. The designer-curated collection of stunning interiors offers cohesive style and transparent pricing in an easy, stress-free process that users can start on their own time from the comfort of their own home. With the newly enhanced Design & Pri
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
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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
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MATAWAN, N.J., May 06, 2025 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE:HOV), a leading national homebuilder, will release financial results for the second quarter ended April 30, 2025, the morning of Tuesday, May 20, 2025. The Company will webcast its second quarter earnings conference call at 11:00 a.m. (ET) on Tuesday, May 20, 2025. 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 webcast, a
13% Increase in Total Revenues Income Before Income Taxes Increased 22% Year-Over-Year 7% Year-Over-Year Quarterly Growth in Consolidated Contracts Total Consolidated Lots Controlled Increased 29% Year-Over-Year MATAWAN, N.J., Feb. 24, 2025 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE:HOV), a leading national homebuilder, reported results for its fiscal first quarter ended January 31, 2025. RESULTS FOR THE THREE-MONTHS ENDED JANUARY 31, 2025: Total revenues increased 13.4% to $673.6 million in the first quarter of fiscal 2025, compared with $594.2 million in the same quarter of the prior year.Sale of homes revenues increased 12.8% to $646.9 million (1,254 homes) in the fiscal 2
MATAWAN, N.J., Feb. 10, 2025 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE:HOV), a leading national homebuilder, will release financial results for the first quarter ended January 31, 2025, the morning of Monday, February 24, 2025. The Company will webcast its first quarter earnings conference call at 11:00 a.m. (ET) on Monday, February 24, 2025. 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 w
Full Year Income Before Income Taxes Increased 24% Year-Over-Year44% Year-Over-Year Quarterly Growth in Consolidated ContractsTotal Consolidated Lots Controlled Increased 32% Year-Over-Year47% Year-Over-Year Growth in Annual Land and Land Development Spend MATAWAN, N.J., Dec. 05, 2024 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE:HOV), a leading national homebuilder, reported results for its fiscal fourth quarter and year ended October 31, 2024. RESULTS FOR THE THREE-MONTHS AND FULL YEAR ENDED OCTOBER 31, 2024: Total revenues, adjusted homebuilding gross margin and total SG&A as a percentage of total revenues for the full year ended October 31, 2024, were within our
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.