Hovnanian Enterprises

Hovnanian Enterprises, Inc. is a homebuilding company, which engages in the design, construction, and marketing of single-family attached town homes, attached townhomes and condominiums, urban infill, and lifestyle homes in planned residential developments. It operates through the following segments: Northeast, Southeast, and West. The Northeast segment consists of Delaware, Illinois, 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.

Earnings data Q1 2024

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Hovnanian Enterprises, Inc. Pfd Shs Series A

Hovnanian Enterprises, Inc. (HOV) CEO Ara Hovnanian on Q4 2021 Results - Earnings Call Transcript

The stock price of Hovnanian Enterprises, Inc. (NYSE: HOV) increased by over 16% during intraday trading today. This is why it happened.

Hovnanian Enterprises Stock (HOV): Why The Price Jumped Today

Shares of Hovnanian Enterprises Inc. HOV, +13.55% shot up 13% toward a six-month high in morning trading Thursday, after the home builder reported fiscal fourth-quarter profit, revenue and gross margin that all rose from a year ago as home deliveries increased. Net income for the quarter to Oct. 31 rose to $52.5 million, or $7.41 a share, from $40.6 million, or $5.54 a share, in the same period a year ago.

Hovnanian stock soars toward a 6-month high after profit, revenue and gross margin rise in latest quarter

$190 Million Pretax Profit in Fiscal 2021 a 243% Increase Over the Prior Year 82% Year-over-Year Increase in Fourth Quarter Pretax Profit Gross Margin Percentage Increased 390 Basis Points Year-over-Year for Full Year Consolidated Backlog Dollars Increased to $1.64 Billion Community Count Increased to 140 up 17% Sequentially From the Third Quarter

Hovnanian Enterprises Reports Fiscal 2021 Fourth Quarter and Full Year Results

MATAWAN, N.J., Nov. 29, 2021 (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, 2021 the morning of Thursday, December 9, 2021. The Company will webcast its fourth quarter earnings conference call at 11:00 a.m. (ET) on Thursday, December 9, 2021.

Hovnanian Enterprises Announces Fiscal Year 2021 Earnings Release and Conference Call

I am bullish of the homebuilding industry demand and supply stories. Hovnanian remains a turnaround story from the '08-'11 housing crisis, but that turnaround now seems sustainable.

Homebuilder Hovnanian: The Lowest P/E On The NYSE

Shares of Hovnanian Enterprises Inc. HOV, +1.46% fell 3% in the extended session Tuesday after the home builder lowered its guidance for the full-year 2021 and the fourth quarter ending Oct. 31, saying it was "not immune to the same supply-chain delays that our peers have mentioned recently." Those snags "have been even more pronounced" in the month since its September fiscal third-quarter call, Chief Executive Ara K.

Hovnanian lowers fiscal 2021, Q4 guidance on supply-chain delays

MATAWAN, N.J., Oct. 05, 2021 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, today announced revised guidance for the fourth quarter and full year ended October 31, 2021. The Company is providing this information in advance of meetings with investors at an upcoming investor conference.

Hovnanian Enterprises Announces Revised Fourth Quarter and Fiscal Year 2021 Guidance

RED BANK, N.J., Sept. 29, 2021 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, announced that senior management will be presenting at Deutsche Bank's 29th Annual Leveraged Finance Conference (Virtual) on Wednesday, October 6, 2021 at 10:00 a.m. ET.

Hovnanian Enterprises To Present At The Deutsche Bank's 29th Annual Leveraged Finance Conference

Hovnanian Enterprises, Inc. (HOV) CEO Ara Hovnanian on Q3 Fiscal 2021 Results - Earnings Call Transcript

Hovnanian Enterprises, Inc. (NYSE: HOV) reported third-quarter sales growth of 10% year-over-year to $690.68 million. Homebuilding gross margin after the cost of sales interest expense and land charges increased 560 bps to 19.2%.

Hovnanian Enterprises Shares Gain On Raised FY21 Outlook

Pretax Profit Increased 281% to $62 Million Gross Margin Percentage Increased 560 Basis Points Year-over-Year 42% Year-over-Year Increase in Consolidated Backlog Dollars to $1.75 Billion Paid Off $111 Million of Senior Secured Notes in the Third Quarter and an Additional $70 Million Early in the Fourth Quarter

Hovnanian Enterprises Reports Fiscal 2021 Third Quarter Results

MATAWAN, N.J., Aug. 26, 2021 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, will release financial results for the third quarter ended July 31, 2021 the morning of Thursday, September 9, 2021. The Company will webcast its third quarter earnings conference call at 11:00 a.m. (ET) on Thursday, September 9, 2021.

Hovnanian Enterprises Announces Third Quarter Fiscal Year 2021 Earnings Release and Conference Call

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In light of surging home prices, five homebuilding stocks that have outperformed the Standard & Poor's 500 Index during the first half of 2021 are LGI Homes Inc. ( LGIH , Financial), Skyline Champion Corp. ( SKY , Financial), Century Communities Inc. ( CCS , Financial), Hovnanian Enterprises Inc. ( HOV , Financial) and Toll Brothers Inc. ( TOL , Financial) according to the All-in-One Screener, a Premium feature of GuruFocus.

5 Homebuilding Stocks Outperforming the S&P 500 in 1st Half

Shares of homebuilder Hovnanian Enterprises, Inc. (NYSE:HOV) have crashed. Since June 1, shares have lost more than 40% of their value.

Is It Time To Buy This Homebuilder Stock?

Hovnanian Enterprises, Inc. (HOV) CEO Ara Hovnanian on Q2 2021 Results - Earnings Call Transcript

31% Year-over-Year Rise in Total Revenues Gross Margin Percentage Increased 360 Basis Points Year-over-Year 85% Year-over-Year Increase in Consolidated Backlog Dollars to $1.77 Billion Raised Full Year 2021 Profitability Guidance Issued Redemption Notice for Remaining Principal Amount of 10% Senior Secured Notes Due 2022

Hovnanian Enterprises Reports Fiscal 2021 Second Quarter Results

MATAWAN, N.J., May 20, 2021 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, will release financial results for the second quarter ended April 30, 2021 the morning of Thursday, June 3, 2021. The Company will webcast its second quarter earnings conference call at 11:00 a.m. (ET) on Thursday, June 3, 2021.

Hovnanian Enterprises Announces Second Quarter Fiscal Year 2021 Earnings Release and Conference Call

The stock price of Hovnanian Enterprises, Inc. (NYSE: HOV) increased by 33.18%. This is why it happened.

HOV Stock Price Increased 33.18%: Why It Happened

Hovnanian Enterprises, Inc. (HOV) CEO Ara Hovnanian on Q1 2021 Results - Earnings Call Transcript

$27 Million Year-over-Year Improvement in Pretax Income First Quarter Gross Margin Percentage Increased 440 Basis Points Year-over-Year 85% Year-over-Year Increase in Consolidated Backlog Dollars to $1.67 Billion 51% Year-over-Year Increase in Land and Land Development Spend

Hovnanian Enterprises Reports Fiscal 2021 First Quarter Results

MATAWAN, N.J., Feb. 16, 2021 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, will release financial results for the first quarter ended January 31, 2021 the morning of Tuesday, March 2, 2021. The Company will webcast its first quarter earnings conference call at 11:00 a.m. (ET) on Tuesday, March 2, 2021.

Hovnanian Enterprises Announces First Quarter Fiscal Year 2021 Earnings Release and Conference Call

Hovnanian Enterprises, Inc. (HOV) CEO Ara Hovnanian on Q4 2020 Results - Earnings Call Transcript

Fourth Quarter Gross Margin I ncreased 290 B asis P oints $ 9 5 Mil lion Year-over-Year Improvement in Fiscal 2020 Pretax Income 61% Year-over-Year Increase in Consolidated Backlog Dollars at Year End to $1.42 Billion Fourth Quarter Consolidated Contracts per Community Improved 74% Year-over-Year

Hovnanian Enterprises Reports Fiscal 2020 Fourth Quarter and Full Year Results

MATAWAN, N.J., Nov. 30, 2020 (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, 2020 the morning of Wednesday, December 9, 2020. The Company will webcast its fourth quarter earnings conference call at 11:00 a.m. (ET) on Wednesday, December 9, 2020.

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