Hovnanian Enterprises, Inc. PFD DEP1/1000A
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $97.3M
- Price
- $19.45
- % Change (Daily % change from the live per-ticker quote feed.)
- -1.52%
- Volume
- 17.4K
About
Hovnanian Enterprises, Inc. is a residential construction firm specializing in the creation, development, and sale of diverse housing options. These include standalone single-family homes, multi-unit attached dwellings like townhouses and condominiums, properties in urban revitalization areas (urban infill), and residences designed for active adults, all typically situated within structured residential developments. The company organizes its business operations across three primary geographic regions: the Northeast, Southeast, and West. Specifically, its Northeast division serves states such as Delaware, Maryland, New Jersey, Ohio, Pennsylvania, Virginia, and West Virginia. Operations in the Southeast are concentrated in Florida, Georgia, and South Carolina, while the West division encompasses Arizona, California, and Texas. Kevork S. Hovnanian founded the enterprise in 1959, and its corporate headquarters are located in Matawan, New Jersey.
Quick stats
Shares outstanding5.9M
Computed float4.6M
Float / shares78.4%
Key info
SectorConsumer Cyclical
IndustryResidential Construction
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0000357294
Websitehttp://www.khov.com
AI Summary
AI-generated1/17
standardbearishearnings
Hovnanian Enterprises Reports Fiscal 2026 Third Quarter Results
Hovnanian Enterprises reported a fiscal third-quarter net loss of $4.5 million, or $0.70 per share, compared to net income of $13.9 million in the prior year, as total revenues declined 12% to $705.7 million.
Despite the revenue drop, the dollar value of the company's consolidated domestic backlog increased 5.1% year-over-year to $881.9 million, and homebuilding gross margins improved sequentially for the second quarter in a row.
Liquidity remained strong at $379.8 million, well above the target range, while management issued fourth-quarter guidance for revenue between $800 million and $900 million.
Red flags
- Revenue declined 12% year-over-year to $705.7 million
- Swing to net loss of $4.5 million from net income of $13.9 million in the prior year
- Adjusted income before income taxes missed guidance range