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Consumer Cyclical - Residential Construction - NASDAQ - US
$ 17.79
0.254 %
$ 1.02 B
Market Cap
-7.2
P/E
1. INTRINSIC VALUE

Hovnanian Enterprises, Inc. is a homebuilding company, which engages in the design, construction, and marketing of single-family detached homes, attached townhomes and condominiums, urban infill, and active lifestyle homes in planned residential developments. It operates through the following segments: Northeast, Southeast, and West. The Northeast segment consists of Delaware, Maryland, New Jersey, Ohio, Pennsylvania, Virginia, and West Virginia. The Southeast segment focuses on Florida, Georgia, and South Carolina. The West segment includes Arizona, California, and Texas. The company was founded by Kevork S. Hovnanian in 1959 and is headquartered in Matawan, NJ.[ Read More ]

The intrinsic value of one HOVNP stock under the base case scenario is HIDDEN Compared to the current market price of 17.8 USD, Hovnanian Enterprises, Inc. PFD DEP1/1000A is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart HOVNP

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FINANCIALS
2.76 B REVENUE
-5.69%
277 M OPERATING INCOME
-24.84%
206 M NET INCOME
-8.69%
435 M OPERATING CASH FLOW
386.53%
-78.2 M INVESTING CASH FLOW
-3535.46%
-262 M FINANCING CASH FLOW
-1484.21%
723 M REVENUE
2.02%
-1.19 B OPERATING INCOME
-1775.95%
55.8 M NET INCOME
9.69%
-92.1 M OPERATING CASH FLOW
-103.36%
-3.1 M INVESTING CASH FLOW
90.64%
48.3 M FINANCING CASH FLOW
176.44%
Balance Sheet Decomposition Hovnanian Enterprises, Inc. PFD DEP1/1000A
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Current Assets 1.96 B
Cash & Short-Term Investments 434 M
Receivables 28 M
Other Current Assets 1.5 B
Non-Current Assets 673 M
Long-Term Investments 97.9 M
PP&E 59.7 M
Other Non-Current Assets 516 M
Current Liabilities 537 M
Accounts Payable 387 M
Short-Term Debt 0
Other Current Liabilities 150 M
Non-Current Liabilities 1.37 B
Long-Term Debt 1.16 B
Other Non-Current Liabilities 213 M
EFFICIENCY
Earnings Waterfall Hovnanian Enterprises, Inc. PFD DEP1/1000A
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Revenue 2.76 B
Cost Of Revenue 2.18 B
Gross Profit 580 M
Operating Expenses 305 M
Operating Income 277 M
Other Expenses 71 M
Net Income 206 M
RATIOS
21.05% GROSS MARGIN
21.05%
10.05% OPERATING MARGIN
10.05%
7.47% NET MARGIN
7.47%
35.39% ROE
35.39%
8.26% ROA
8.26%
12.91% ROIC
12.91%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Hovnanian Enterprises, Inc. PFD DEP1/1000A
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Net Income 206 M
Depreciation & Amortization 8.8 M
Capital Expenditures -18.8 M
Stock-Based Compensation 14.2 M
Change in Working Capital 241 M
Others -64.7 M
Free Cash Flow 416 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Hovnanian Enterprises, Inc. PFD DEP1/1000A
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HOVNP has no price targets from Wall Street.
4. DIVIDEND ANALYSIS
0.20% DIVIDEND YIELD
0.477 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership Hovnanian Enterprises, Inc. PFD DEP1/1000A
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
13.8 M USD 4
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
10 months ago
Dec 20, 2023
Sell 136 K USD
PAGANO VINCENT JR
Director
- 875
155.0153 USD
10 months ago
Dec 20, 2023
Sell 461 K USD
PAGANO VINCENT JR
Director
- 2987
154.4646 USD
10 months ago
Dec 19, 2023
Sell 28.2 K USD
HOVNANIAN ARA K
Chairman of Bd., Pres. & CEO
- 181
155.9821 USD
11 months ago
Dec 18, 2023
Sell 442 K USD
HOVNANIAN ARA K
Chairman of Bd., Pres. & CEO
- 3000
147.3281 USD
10 months ago
Dec 19, 2023
Sell 416 K USD
HOVNANIAN ARA K
Chairman of Bd., Pres. & CEO
- 2699
153.9897 USD
10 months ago
Dec 19, 2023
Sell 446 K USD
HOVNANIAN ARA K
Chairman of Bd., Pres. & CEO
- 2874
155.0673 USD
10 months ago
Dec 19, 2023
Sell 651 K USD
HOVNANIAN ARA K
Chairman of Bd., Pres. & CEO
- 4246
153.2692 USD
11 months ago
Dec 14, 2023
Sell 297 K USD
SORSBY J LARRY
Director
- 1885
157.4564 USD
11 months ago
Dec 14, 2023
Sell 1.84 M USD
SORSBY J LARRY
Director
- 11752
156.9924 USD
11 months ago
Dec 14, 2023
Sell 174 K USD
SORSBY J LARRY
Director
- 1100
158.0609 USD
11 months ago
Dec 14, 2023
Sell 826 K USD
SORSBY J LARRY
Director
- 5263
156.9949 USD
11 months ago
Dec 15, 2023
Sell 773 K USD
KANGAS EDWARD A
Director
- 5000
154.51 USD
11 months ago
Dec 12, 2023
Sell 335 K USD
HOVNANIAN ARA K
Chairman of Bd., Pres. & CEO
- 2359
141.836 USD
11 months ago
Dec 12, 2023
Sell 488 K USD
HOVNANIAN ARA K
Chairman of Bd., Pres. & CEO
- 3462
141.077 USD
11 months ago
Dec 12, 2023
Sell 2.01 M USD
HOVNANIAN ARA K
Chairman of Bd., Pres. & CEO
- 14380
139.71 USD
11 months ago
Dec 11, 2023
Sell 143 K USD
HOVNANIAN ARA K
Chairman of Bd., Pres. & CEO
- 1002
142.5535 USD
11 months ago
Dec 11, 2023
Sell 1.38 M USD
HOVNANIAN ARA K
Chairman of Bd., Pres. & CEO
- 9774
141.252 USD
11 months ago
Dec 11, 2023
Sell 3 M USD
HOVNANIAN ARA K
Chairman of Bd., Pres. & CEO
- 21341
140.3686 USD
1 year ago
Oct 09, 2023
Sell 474 K USD
KANGAS EDWARD A
Director
- 5500
86.21 USD
1 year ago
Jul 11, 2023
Sell 48.4 K USD
HOVNANIAN ARA K
Chairman of Bd., Pres. & CEO
- 500
96.7177 USD
1 year ago
Jun 30, 2023
Sell 18.5 K USD
HOVNANIAN ARA K
Chairman of Bd., Pres. & CEO
- 192
96.5156 USD
1 year ago
Jun 30, 2023
Sell 725 K USD
HOVNANIAN ARA K
Chairman of Bd., Pres. & CEO
- 7611
95.2522 USD
1 year ago
Jun 29, 2023
Sell 209 K USD
HOVNANIAN ARA K
Chairman of Bd., Pres. & CEO
- 2197
95.062 USD
1 year ago
Jun 28, 2023
Sell 3.29 K USD
HOVNANIAN ARA K
Chairman of Bd., Pres. & CEO
- 34
96.85 USD
1 year ago
Jun 28, 2023
Sell 103 K USD
HOVNANIAN ARA K
Chairman of Bd., Pres. & CEO
- 1066
96.1785 USD
1 year ago
Jun 27, 2023
Sell 1.4 M USD
HOVNANIAN ARA K
Chairman of Bd., Pres. & CEO
- 14754
95.0307 USD
1 year ago
Jun 28, 2023
Sell 708 K USD
HOVNANIAN ARA K
Chairman of Bd., Pres. & CEO
- 7453
95.0052 USD
1 year ago
Jun 23, 2023
Sell 15.4 K USD
HOVNANIAN ARA K
Chairman of Bd., Pres. & CEO
- 162
95 USD
1 year ago
Jun 26, 2023
Sell 71.7 K USD
HOVNANIAN ARA K
Chairman of Bd., Pres. & CEO
- 755
95 USD
1 year ago
Jun 21, 2023
Sell 109 K USD
HOVNANIAN ARA K
Chairman of Bd., Pres. & CEO
- 1075
101.1181 USD
1 year ago
Jun 21, 2023
Sell 1.43 M USD
HOVNANIAN ARA K
Chairman of Bd., Pres. & CEO
- 14277
100.3086 USD
1 year ago
Jun 21, 2023
Sell 2.45 M USD
HOVNANIAN ARA K
Chairman of Bd., Pres. & CEO
- 24648
99.4596 USD
1 year ago
Jun 22, 2023
Sell 56.4 K USD
HOVNANIAN ARA K
Chairman of Bd., Pres. & CEO
- 581
97.1046 USD
1 year ago
Jun 22, 2023
Sell 64.7 K USD
HOVNANIAN ARA K
Chairman of Bd., Pres. & CEO
- 672
96.2584 USD
1 year ago
Jun 22, 2023
Sell 105 K USD
HOVNANIAN ARA K
Chairman of Bd., Pres. & CEO
- 1059
99.0663 USD
1 year ago
Jun 22, 2023
Sell 147 K USD
HOVNANIAN ARA K
Chairman of Bd., Pres. & CEO
- 1496
98.3923 USD
1 year ago
Jun 22, 2023
Sell 293 K USD
HOVNANIAN ARA K
Chairman of Bd., Pres. & CEO
- 3068
95.3592 USD
1 year ago
Mar 06, 2023
Sell 666 K USD
KANGAS EDWARD A
Director
- 10000
66.617 USD
7. News
Hovnanian Enterprises: Lower Mortgage Rates And Quick-Move-In Homes Imply Undervaluation Hovnanian Enterprises, Inc. is experiencing impressive net sales growth due to lower mortgage rates and strategic initiatives like quick-move-in homes and curated "looks" packages. The company's reduction in debt, increase in assets, and free cash flow growth are expected to boost stock demand and price. Despite risks from interest rate hikes, labor shortages, and raw material scarcity, HOV is significantly undervalued and ongoing stock repurchases may enhance its value. seekingalpha.com - 2 months ago
Hovnanian Enterprises, Inc. (HOV) Q3 2024 Earnings Call Transcript Hovnanian Enterprises, Inc. (NYSE:HOV ) Q3 2024 Results Conference Call August 22, 2024 11:00 AM ET Company Participants Jeff O'Keefe - Vice President, Investor Relations Ara Hovnanian - Chairman, President, Chief Executive Officer Brad O'Connor - Chief Financial Officer and Treasurer David Mitrisin - Vice President, Corporate Controller Conference Call Participants Alan Ratner - Zelman & Associates Jordan Hymowitz - Philadelphia Financial Management of San Francisco Alex Barron - Housing Research Center Operator Good morning, and thank you for joining us today for Hovnanian Enterprises Fiscal 2024 Third Quarter Earnings Conference Call. An archive of the webcast will be available after the completion of the call and run for 12 months. seekingalpha.com - 2 months ago
Hovnanian Enterprises: Strong Additional Upside Is Warranted Hovnanian Enterprises is a cheap homebuilder catering to a wide audience with homes ranging from $135,000 to $1.77 million. Despite a decline in revenue and profitability in 2023, the company has seen growth in orders and deliveries in 2024. With attractively priced shares and potential industry weakness, Hovnanian Enterprises is upgraded to a "strong buy" based on impressive performance. seekingalpha.com - 4 months ago
Hovnanian Enterprises, Inc. (HOV) Q2 2024 Earnings Call Transcript Hovnanian Enterprises, Inc. (NYSE:HOV ) Q2 2024 Earnings Conference Call May 22, 2024 11:00 AM ET Company Participants Jeffrey O'Keefe - Vice President, Investor Relations Ara Hovnanian - Chairman, President, Chief Executive Officer Brad O'Connor - Chief Financial Officer and Treasurer Conference Call Participants Natalie Kulasekere - Zelman & Associates Alex Barron - Housing Research Center Operator Good morning, and thank you for joining us today for Hovnanian Enterprises' Fiscal 2024 Second Quarter Earnings Conference Call. An archive of the webcast will be available after the completion of the call and run for 12 months. seekingalpha.com - 5 months ago
Hovnanian Enterprises Preferred Stock Diversity Comes With Risks Hovnanian Enterprises is a homebuilder in the United States, offering various types of residential homes. The company ranks among the largest homebuilding companies in the U.S. with revenues of $2.76b. Here I review both the issuer and the issue. The preferred stock issued by Hovnanian Enterprises, HOVNP, has a low coverage and non-cumulative dividends, causing losses for investors. While the yield is over 10%, a CCC rating would scare most investors. Its non-cumulative feature burned investors. While high risk-takers might own, the rest should take a pass! seekingalpha.com - 7 months ago
Preferreds Weekly Review: Yield Differential Between Bonds And Preferreds Often Too Tight Preferreds were slightly lower this week and over February, with caution required for stocks trading above "par". The fixed-income version of the "beta anomaly" shows that the yield differential between bonds and preferreds may be too low. We highlight recent issuances from HOV and MITT. seekingalpha.com - 8 months ago
Hovnanian Enterprises, Inc. (HOV) Q4 2023 Earnings Call Transcript Hovnanian Enterprises, Inc. (NYSE:HOV ) Q4 2023 Earnings Conference Call December 5, 2023 11:00 AM ET Company Participants Ara Hovnanian - Chairman, President, Chief Executive Officer Brad O'Connor - Chief Financial Officer, Treasurer David Mitrisin - Vice President, Corporate Controller Jeff O'Keefe - Vice President, Investor Relations Conference Call Participants Alan Ratner - Zelman Operator Good morning, and thank you for joining us today for Hovnanian Enterprises' Fiscal 2023 Fourth Quarter Earnings Conference Call. An archive for the webcast will be available after the completion of the call and run for 12 months. seekingalpha.com - 11 months ago
Hovnanian Enterprises, Inc. (HOV) Q3 2023 Earnings Call Transcript Hovnanian Enterprises, Inc. (NYSE:HOV ) Q3 2023 Earnings Conference Call August 30, 2023 11:00 AM ET Company Participants Jeff O'Keefe - Vice President, Investor Relations Ara Hovnanian - Chairman, President and Chief Executive Officer Brad O'Connor - Chief Accounting Officer and Treasurer Conference Call Participants Alan Ratner - Zelman & Associates Operator Good morning, and thank you for joining us today for Hovnanian Enterprises Fiscal 2023 Third Quarter Earnings Conference Call. An archive of the webcast will be available after the completion of the call and run for 12 months. seekingalpha.com - 1 year ago
Hovnanian Enterprises, Inc. (HOV) Q2 2023 Earnings Call Transcript Hovnanian Enterprises, Inc. (NYSE:HOV ) Q2 2023 Earnings Conference Call May 31, 2023 11:00 AM ET Company Participants Jeff O'Keefe - Vice President, Investor Relations Ara Hovnanian - Chairman, President & Chief Executive Officer Larry Sorsby - Executive Vice President & Chief Financial Officer Brad O'Connor - Senior Vice President, Chief Accounting Officer & Treasurer Conference Call Participants Jesse Lederman - Zelman & Associates Jordan Hymowitz - Philadelphia Financial Management Alex Barron - Housing Research Center Operator Good morning and thank you for joining us today for Hovnanian Enterprises Fiscal 2023 Second Quarter Earnings Conference Call. An archive of the webcast will be available after the completion of the call and run for 12 months. seekingalpha.com - 1 year ago
Hovnanian Enterprises, Inc. (HOV) Q4 2022 Earnings Call Transcript Start Time: 11:00 January 1, 0000 12:02 PM ET Hovnanian Enterprises, Inc. (NYSE:HOV ) Q4 2022 Earnings Conference Call December 08, 2022, 11:00 AM ET Company Participants Ara Hovnanian - Chairman, President and CEO Larry Sorsby - EVP and CFO Brad O'Connor - SVP, Chief Accounting Officer and Treasurer Jeff O'Keefe - VP, IR Conference Call Participants Alan Ratner - Zelman & Associates Alex Barron - Housing Research Center Operator Good morning and thank you for joining us today for Hovnanian Enterprises Fiscal 2022 Fourth Quarter Earnings Conference Call. An archive of the webcast will be available after the completion of the call and run for 12 months. seekingalpha.com - 1 year ago
Hovnanian Enterprises, Inc. (HOV) Q3 2022 Earnings Call Transcript Hovnanian Enterprises, Inc. (NYSE:HOV ) Q3 2022 Earnings Conference Call September 1, 2022 11:00 AM ET Company Participants Jeff O'Keefe - Vice President of Investor Relations Ara Hovnanian - Chairman, President, and Chief Executive Officer Larry Sorsby - Executive Vice President, and Chief Financial Officer Brad O'Connor - Senior Vice President, Chief Accounting Officer, and Treasurer Conference Call Participants Kwaku Abrokwah - Goldman Sachs Jesse Lederman - Zelman & Associates Operator Good morning and thank you for joining us today for Hovnanian Enterprises Fiscal 2022 Third Quarter Earnings Conference Call. An archive of the webcast will be available after the completion of the call and run for 12 months. seekingalpha.com - 2 years ago
Hovnanian stock rallies after big profit rise, raised outlook even as home demand continues to slow Shares of Hovnanian Enterprises Inc. HOV, +2.37% leapt 3.2% in afternoon trading Thursday, to bounce off the previous session's 19-month closing low, after the home builder a big jump in fiscal third-quarter profit and lifted its full-year outlook, despite signs of a slowing housing market. Net income for the quarter to July 31 rose to $79.95 million, or $10.82 a share, from $47.70 million, or $6.72 a share, in the year-ago period. marketwatch.com - 2 years ago
8. Profile Summary

Hovnanian Enterprises, Inc. PFD DEP1/1000A HOVNP

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COUNTRY US
INDUSTRY Residential Construction
MARKET CAP $ 1.02 B
Dividend Yield 0.20%
Description Hovnanian Enterprises, Inc. is a homebuilding company, which engages in the design, construction, and marketing of single-family detached homes, attached townhomes and condominiums, urban infill, and active lifestyle homes in planned residential developments. It operates through the following segments: Northeast, Southeast, and West. The Northeast segment consists of Delaware, Maryland, New Jersey, Ohio, Pennsylvania, Virginia, and West Virginia. The Southeast segment focuses on Florida, Georgia, and South Carolina. The West segment includes Arizona, California, and Texas. The company was founded by Kevork S. Hovnanian in 1959 and is headquartered in Matawan, NJ.
Contact Matawan, http://www.khov.com
IPO Date Nov. 30, 2005
Employees 1715
Officers