← Back

Hovnanian Enterprises Inc

Hovnanian Enterprises, Inc. designs, constructs, markets, and sells residential homes in the United States through its subsidiaries. Its offerings include single-family detached homes, attached townhomes and condominiums, urban infill homes, and active lifestyle homes with amenities such as clubhouses, swimming pools, tennis courts, tot lots, and open areas. The company serves first-time buyers, move-up buyers, luxury buyers, active lifestyle buyers, and empty nesters, and also provides mortgage loans and title services. Founded in 1959, Hovnanian Enterprises, Inc. is based in Matawan, New Jersey.

Country
Price · split & dividend adjusted
News & notes moving HOV
United States
HOV▼

Hovnanian's Turnaround Bet Meets Choppier Housing Market

Hovnanian Enterprises reported third-quarter results that showed a revenue decline to $705.7 million from $800.6 million a year earlier, along with a net loss of $0.70 per diluted share, but the company highlighted a 5.1% rise in backlog value to $881.9 million and record land efficiency as signs of a longer-term turnaround. Adjusted homebuilding gross margin improved to 14.6%, with guidance for 15% to 16.5% in the fourth quarter, supported by newer communities priced with today's higher incentives. The company's land strategy now has 87% of controlled lots optioned rather than owned, the highest share in its history, and total liquidity stands at $379.8 million, well above its target range. However, adjusted pretax income fell to a loss of $2.3 million, marking the first miss of guidance in 23 quarters, due to delayed deliveries at joint ventures, and consolidated domestic contracts slipped 4.6% to 1,155 homes. Hedge fund ownership increased from 18 to 25 funds, while short interest is at 7.99% of float, and the stock trades at a forward P/E of 13.50 as of August 28.
HOV ▼
HOV · Capital · Negative Revenue decline, net loss, and first guidance miss in 23 quarters due to delayed deliveries.
Read original ↗
Insider Monkey·37dRead more →
United States
HOV▲3

Hovnanian forecasts $800M-$900M Q4 revenue amid 15%-16.5% gross margin target

Hovnanian Enterprises guided fiscal Q4 2026 revenue between $800 million and $900 million with adjusted gross margin of 15% to 16.5%, after reporting fiscal Q3 revenue of $706 million and an adjusted pretax loss of $2 million. CEO Ara Hovnanian said the pretax shortfall was primarily driven by delays at the company's newest joint venture deliveries, marking the first time in 23 quarters that adjusted pretax income finished below the guidance range. CFO Brad O'Connor also guided Q4 adjusted EBITDA between $50 million and $65 million and adjusted pretax income between $15 million and $30 million, while noting the company remains committed to underwriting discipline and will not pursue growth at returns that fail to meet its standards. The company said it is reducing exposure to the most competitive entry-level price points and placing greater emphasis on move-up buyers and active adult housing, supported by the recent hire of Deborah Blake to focus on the Four Seasons brand.
HOV ▲
HOV · Capital · Positive Company issues Q4 revenue and margin guidance, indicating expected improvement from Q3 loss.
Read original ↗
Seeking Alpha·45dRead more →
HOV▲

Al Tahaluf Rebrands to HOV Global as K. Hovnanian Middle East Increases Ownership

Al Tahaluf Real Estate Company has rebranded to HOV Global following an increase in majority ownership by K. Hovnanian M.E. Investments, a subsidiary of U.S. homebuilder Hovnanian Enterprises. The ownership increase is accompanied by additional foreign direct investment to support HOV Global's expansion across Saudi Arabia, including new housing, hospitality, and community development initiatives. Since its founding in 2013, the company has delivered approximately 2,400 homes and has another 3,000 under development across Riyadh, Makkah, Jeddah, and King Abdullah Economic City. HOV Global maintains active partnerships with the National Housing Company, the Tourism Development Fund, and Emaar, The Economic City.
HOV ▲
HOV Global CJSC · Capital · Positive Rebranding and increased ownership with FDI to fund expansion in Saudi Arabia.
K. Hovnanian M.E. Investments, LLC · Capital · Positive Increases majority ownership in HOV Global with additional FDI.
HOV · Capital · Positive Subsidiary increases ownership in HOV Global with additional FDI, supporting expansion in Saudi Arabia.
Read original ↗
GlobeNewswire·95dRead more →
HOV▲impact 4

Homebuilders Post Best Day in a Year on Sweeping Housing Bill

Homebuilder stocks surged on Wednesday, with the iShares U.S. Home Construction ETF jumping about 6.3% in its sharpest one-day advance since July 2025, after Congress passed the 21st Century ROAD to Housing Act. KB Home led the rally with a 17.77% gain, while Dream Finders Homes rose 14.39% and Hovnanian Enterprises added 12.67%. The legislation restricts institutional investors owning 350 or more single-family homes from buying additional properties, removes the requirement for manufactured homes to be built on permanent steel chassis, and streamlines permitting and environmental reviews. The bill passed the House by a 358-32 vote and cleared the Senate earlier in the week, though President Trump announced he would not sign it until Congress passes a separate voter-identification measure. Investors appeared unconcerned, as the bill can become law without a presidential signature after 10 days.
DFH ▲HOV ▲KBH ▲
DFH · Regulation · Positive The housing bill restricts institutional investors from buying additional single-family homes, reducing competition for homebuilders like Dream Finders Homes.
HOV · Regulation · Positive The housing bill restricts institutional investors from buying additional single-family homes, reducing competition for homebuilders like Hovnanian Enterprises.
KBH · Regulation · Positive The housing bill restricts institutional investors from buying additional single-family homes, reducing competition for homebuilders like KB Home.
Read original ↗
Yahoo Finance·100dRead more →
© 2026 MarketDXAsset