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Hovnanian Enterprises
(NYSE:HOV)
Hovnanian Enterprises (HOV) vs. SPDR S&P 500 ETF (SPY)
Hovnanian Enterprises Business Overview & Revenue Model
Hovnanian Enterprises Earnings Call Summary
Hovnanian Enterprises Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.14B | 3.00B | 2.76B | 2.92B | 2.78B | 2.34B |
| Gross Profit | 1.20B | 601.79M | 580.14M | 643.43M | 540.80M | 372.21M |
| EBITDA | 240.86M | 355.57M | 283.75M | 364.39M | 271.39M | 143.42M |
| Net Income | 158.88M | 242.01M | 205.89M | 225.49M | 607.82M | 50.93M |
Balance Sheet | ||||||
| Total Assets | 2.63B | 2.61B | 2.49B | 2.56B | 2.32B | 1.83B |
| Cash, Cash Equivalents and Short-Term Investments | 158.75M | 209.98M | 434.12M | 326.20M | 245.97M | 262.49M |
| Total Debt | 915.45M | 1.02B | 1.14B | 1.29B | 1.37B | 1.57B |
| Total Liabilities | 1.79B | 1.81B | 1.91B | 2.18B | 2.15B | 2.26B |
| Stockholders Equity | 835.36M | 800.35M | 581.74M | 383.04M | 174.90M | -436.93M |
Cash Flow | ||||||
| Free Cash Flow | 113.60M | 5.78M | 416.45M | 76.87M | 204.27M | 289.45M |
| Operating Cash Flow | 135.03M | 23.64M | 435.27M | 89.47M | 210.21M | 292.83M |
| Investing Cash Flow | -66.81M | -46.47M | -78.23M | -2.15M | 9.00M | 2.14M |
| Financing Cash Flow | -57.27M | -187.93M | -261.71M | -16.52M | -217.27M | -167.77M |
Hovnanian Enterprises Technical Analysis
Hovnanian Enterprises Risk Analysis
Hovnanian Enterprises Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| ― | $2.74B | 9.41 | 9.47% | ― | -16.60% | -29.85% | |
| ― | $1.72B | 8.53 | 8.37% | 1.93% | -6.28% | -31.55% | |
| ― | $3.30B | 7.40 | 15.76% | ― | 4.77% | -9.30% | |
| ― | $771.48M | 5.96 | 20.08% | ― | 7.97% | -35.64% | |
| ― | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
| ― | $939.10M | 6.14 | 7.84% | ― | -7.89% | -19.53% | |
| ― | $658.42M | 10.04 | 5.65% | ― | 9.97% | -52.57% |
Hovnanian Enterprises Corporate Events
On September 25, 2025, K. Hovnanian Enterprises, Inc. completed a private placement of $900 million in senior notes, which will mature in 2031 and 2033. The proceeds were used to redeem existing secured notes, discharge related security documents, and repay outstanding loans, thereby releasing liens on collateral and discharging obligations under previous agreements. This financial restructuring aims to optimize the company’s debt profile and enhance its financial flexibility.
The most recent analyst rating on (HOV) stock is a Hold with a $147.00 price target. To see the full list of analyst forecasts on Hovnanian Enterprises stock, see the HOV Stock Forecast page.
Hovnanian Enterprises announced that its Board of Directors has appointed Alexander Hovnanian as President and Michael Wyatt as Chief Operating Officer, effective November 1, 2025. On September 17, 2025, the Compensation Committee approved a compensation package for both executives, including a base salary of $750,000 and a target multiple of 1.25 for long-term incentive awards.
The most recent analyst rating on (HOV) stock is a Hold with a $147.00 price target. To see the full list of analyst forecasts on Hovnanian Enterprises stock, see the HOV Stock Forecast page.
On September 11, 2025, Hovnanian Enterprises, Inc. announced the pricing of $450 million in 8.000% Senior Notes due 2031 and $450 million in 8.375% Senior Notes due 2033, to be issued by its subsidiary K. Hovnanian Enterprises, Inc. The proceeds will be used to redeem existing secured notes, repay loans, and cover related expenses. The offering is expected to close around September 25, 2025, and the notes are being offered to qualified institutional buyers and certain offshore investors.
The most recent analyst rating on (HOV) stock is a Buy with a $171.00 price target. To see the full list of analyst forecasts on Hovnanian Enterprises stock, see the HOV Stock Forecast page.
On September 10, 2025, Hovnanian Enterprises announced amendments to its credit agreement, extending the maturity of its revolving credit facility to 2028 and adjusting interest rates. Additionally, the company launched a private offering of $900 million in senior notes due in 2031 and 2033, intending to use the proceeds to redeem existing secured notes and repay term loans. These financial maneuvers aim to optimize the company’s debt structure and potentially enhance its financial flexibility.
The most recent analyst rating on (HOV) stock is a Buy with a $171.00 price target. To see the full list of analyst forecasts on Hovnanian Enterprises stock, see the HOV Stock Forecast page.
Hovnanian Enterprises recently held its earnings call, revealing a mixed performance for the fiscal period. The company celebrated significant achievements in revenue growth, inventory management, and returns on equity and investment. However, these successes were tempered by challenges such as declining gross margins, increased costs, and a tough sales environment. Hovnanian is addressing these hurdles with a strategic focus on a land-light approach and community expansion.
Hovnanian Enterprises, Inc., founded in 1959, is one of the nation’s largest homebuilders, operating in multiple states across the U.S. The company is known for its K. Hovnanian® Homes and specializes in building active lifestyle communities.