undamentalytics Newsletter
Sign in

Hovnanian Enterprises Inc (HOV) stock

Add to watchlist

Add holding +

NYSE: HOV NYSE Homebuilding Next results ~December 3, 2026

Hovnanian Enterprises Inc is a US-listed company in the homebuilding industry. Its financial year ends in October.

Stock price today

Loading chart…

Third-party market data · may be delayed

Fair value per share

Under review: data-quality checks not passed.

Price vs value

Under review: data-quality checks not passed. We'll show the comparison once resolved.

Hovnanian Enterprises Inc valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 2 selling0 purchases and 2 sales by directors and officers, last 12 monthsInsider trades
  • Funds106 adding, 59 cuttingOf 36 active managers that changed their stake, 24 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Hovnanian Enterprises files

Where Hovnanian Enterprises stands after its latest 10-Q

Revenue for the twelve months to July 2026 was $2.82bn, down 10.1% on a year earlier, a steeper fall than the 4.7% decline a quarter earlier. Free-cash-flow margin rose to 7.0% from 3.6% a year earlier. The diluted share count is down 5.8% on a year earlier, which lifts each remaining share. It passes 2 of our 3 financial-health checks.

Our model value for Hovnanian Enterprises is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 28, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~December 3, 2026 (estimated)

Hovnanian Enterprises Inc's trailing-twelve-month revenue fell 10.1% year on year, with a free-cash-flow margin of 7.0%.

Our discounted-cash-flow model values the business at ~$100 per share in the base case (~$34–$190 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 74.1% while net income fell 98.1%: a 172pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Shrinking share count. Diluted shares fell 5.8% in a year, so each share owns more of the business.

Things to watch

  • Revenue shrinking. Revenue fell 10.1% over the last 12 months.
  • Growth slowing. The growth rate is 5.4 points lower than a quarter earlier.
  • High earnings multiple. The shares trade at 246 times the last 12 months' earnings, so expectations are demanding.
  • Volatile shares. Over the past year the shares showed annualised volatility of 64% and a beta of 1.5 against the S&P 500.
  • Earnings expected to fall. The consensus expects earnings per share to fall 46% next year.

Latest results: FY2026 Q3

Filed August 28, 2026
Earnings per share
-$0.70 against an average estimate of -$0.56: missed by 25.0%
Revenue
$706m, down 11.8% on a year earlier
Share reaction
+2.9% in the first session after the results on August 20, 2026, against -0.4% for the S&P 500
Guidance given
total revenues $800m to $900m (fourth quarter of fiscal 2026); adjusted homebuilding gross margin 15% to 16.5% (fourth quarter of fiscal 2026)
Next report
August 20, 2026

Hovnanian Enterprises' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+5.5%
  • 1 week+6.0%
  • 1 month-9.7%
  • This year+7.6%
  • 1 year-12.7%
  • 5 years+19.6%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$2.8B
Net margin
0.1%
EPS (TTM, diluted)
$0.43

Growth

Revenue growth
−10.1%
Change in growth rate
−5.4 pts
Share count change
−5.8%

Cash

Free cash flow (TTM)
$198M
FCF margin
7.0%
Stock pay % of revenue
0.4%

Earnings

Last results
August 20, 2026
Next results (est.)
December 3, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Hovnanian Enterprises Inc valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: data-quality checks not passed.

Our value per share comes from a discounted-cash-flow model of Hovnanian Enterprises Inc's free cash flow after stock-based pay ( $91.7M, FY2026 Q3 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Hovnanian Enterprises Inc as an operating company, with every model that fits that kind of business. Cost of equity 9.5%: the 10-year Treasury yield (4.9%) plus a beta of 1.01 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$100 ~$34–$190 Primary model, counts double
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: This model is withheld pending its input or assumption review.
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: This model is withheld pending its input or assumption review.
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: This model is withheld pending its input or assumption review.
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Hovnanian Enterprises Inc with Homebuilding in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 2016201720182019202020212022202320242025Now
Share price$39.00$60.50$36.50$25.08$31.76$84.26$40.33$69.48$176.04$120.23$104.92
Market value$230m$357m$222m$150m$209m$539m$271m$463m$1.2bn$829m$693m
+ Net debt (− = net cash)$1.3bn$1.1bn$0$0$0$0$0$0$0$0$0
Enterprise value$1.5bn$1.5bn$222m$150m$209m$539m$271m$463m$1.2bn$829m$693m
Multiples
Price / sales 0.1x0.1x0.1x0.1x0.1x0.2x0.1x0.2x0.4x0.3x0.2x
Price / earnings ——49.0x—4.5x1.0x1.4x2.6x5.5x16.2xn/m
Price / free cash flow 0.6x1.2x——0.7x2.6x3.5x1.1xn/m5.0x3.5x
EV / EBITDA ———————————

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

36 /100

Weak moat

How hard Hovnanian Enterprises's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 2 / 20

    Net income has been a median 3.0% of total assets over 10 years.

  • Durability 0 / 20

    Net margin has been a median 2.5%; its worst year was -12.7%.

  • Cash conversion 12 / 20

    Free cash flow was positive in 9 of 10 years, at a median 5.2% of revenue.

  • Discipline 15 / 20

    The diluted share count rose 5.4% over five years; stock-based pay has been a median 0.3% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $3.99 −46% $2.8bn −5%
Next $2.15 −46% $3.0bn +5%

Earnings against estimates

Quarter toEstimateActualSurprise
Jul 2026 −$0.56 −$0.70 −25.0%
Apr 2026 −$2.04 −$0.46 +77.4%
Oct 2025 $0.63 −$0.51 −181.0%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 20, 2026
  • total revenues fourth quarter of fiscal 2026 $800m to $900m
    “For the fourth quarter of fiscal 2026, total revenues are expected to be between $800 million and $900 million, adjusted homebuilding gross margin is expected to be between 15.0% and 16.5%, adjusted income before income taxes is expected to be between $15 million and $30 million and adjusted EBITDA is expected to be between $50 million and $65 million.” source
  • adjusted homebuilding gross margin fourth quarter of fiscal 2026 15% to 16.5% Non-GAAP
    “For the fourth quarter of fiscal 2026, total revenues are expected to be between $800 million and $900 million, adjusted homebuilding gross margin is expected to be between 15.0% and 16.5%, adjusted income before income taxes is expected to be between $15 million and $30 million and adjusted EBITDA is expected to be between $50 million and $65 million.” source
  • adjusted income before income taxes fourth quarter of fiscal 2026 $15m to $30m Non-GAAP
    “For the fourth quarter of fiscal 2026, total revenues are expected to be between $800 million and $900 million, adjusted homebuilding gross margin is expected to be between 15.0% and 16.5%, adjusted income before income taxes is expected to be between $15 million and $30 million and adjusted EBITDA is expected to be between $50 million and $65 million.” source
  • adjusted EBITDA fourth quarter of fiscal 2026 $50m to $65m Non-GAAP
    “For the fourth quarter of fiscal 2026, total revenues are expected to be between $800 million and $900 million, adjusted homebuilding gross margin is expected to be between 15.0% and 16.5%, adjusted income before income taxes is expected to be between $15 million and $30 million and adjusted EBITDA is expected to be between $50 million and $65 million.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Hovnanian Enterprises Inc's revenue by +3.9% next year and +4.1% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+3.8%, weight 25%) , management guidance (+3.9%, weight 45%) and the company's own record (+4.0%, weight 30%) . How the weights are set.

Analyst recommendations

1 analysts, Oct 2026
Buy00%
Hold00%
Sell1100%

Monthly trend

  1. Oct 202611

Counts of recommendations published by analysts covering Hovnanian Enterprises Inc, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
9.5%
of tradable shares
Days to cover
3.99
at average volume
Short interest, 1 month
+2%
to September 30, 2026
Held by institutions
66%
of shares
Held by insiders
10.2%
of shares
Employees
1,891
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −12.7%

$120.23 on October 31, 2025 to $104.92

ThenNowEffect
Revenue (last 12 months) $3.1bn $2.8bn −10.1%
Net margin 4.8% 0.1% −97.9%
P/E multiple 5.6x n/m +4263.0%
Share count 7m 7m +6.1%

Biggest factor: net margin.

Last 3 years +24.2%

$84.49 on November 3, 2023 to $104.92

ThenNowEffect
Revenue (last 12 months) $2.8bn $2.8bn +2.4%
Net margin 5.3% 0.1% −98.1%
P/E multiple 3.9x n/m +6213.2%
Share count 7m 7m +2.2%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
HOV+287%−67%+270%−14%−27%+8%
Industry peers (median)+47%−28%+88%−3%−11%+3%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
HOV67%33%75%42%42%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
HOV−43%−74%−47%−44%−38%−39%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 94% from December 29, 2017 to August 9, 2019. Getting back needed a 1442% gain, reached on March 3, 2021, 572 days after the low.

Price behaviour

52-week range
$90.75 – $147.55
From 52-week high
−28.9%
vs 50-day average
−6.0%
vs 200-day average
−10.7%
Volatility (1 year)
64%
Beta vs S&P 500
1.52

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 7 down
typical move ±11.5%
After a week
3 up, 9 down
typical move ±13.5%
After a month
3 up, 9 down
typical move ±19.1%
Results releasedNext dayS&P 500 next day5 days21 days
August 20, 2026 +2.9% −0.4% −0.7% −9.7%
May 21, 2026 +7.4% +0.6% +12.6% +30.1%
February 25, 2026 +2.8% +0.3% −4.6% −9.5%
December 4, 2025 −22.6% +0.3% −20.8% −25.1%
August 21, 2025 −1.8% +1.1% −6.5% −9.5%
May 20, 2025 −18.7% −2.0% −16.3% −13.3%
February 24, 2025 −12.7% −1.0% −19.9% −10.4%
December 5, 2024 −10.5% 0.0% −13.4% −33.7%
August 22, 2024 +10.0% +0.3% +5.0% +5.7%
May 22, 2024 −16.3% −1.0% −15.6% −15.0%
February 22, 2024 −12.6% +2.1% −4.5% −11.1%
December 5, 2023 +19.6% −0.4% +41.5% +56.0%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Fundamentals

Revenue (TTM) Hovnanian Enterprises Inc
$2.7B $2.8B $2.9B $3B $3.1B $3.2B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $2.8B Revenue (TTM), FY24 Q1: $2.8B Revenue (TTM), FY24 Q2: $2.8B Revenue (TTM), FY24 Q3: $2.9B Revenue (TTM), FY24 Q4: $3B Revenue (TTM), FY25 Q1: $3.1B Revenue (TTM), FY25 Q2: $3.1B Revenue (TTM), FY25 Q3: $3.1B Revenue (TTM), FY25 Q4: $3B Revenue (TTM), FY26 Q1: $2.9B Revenue (TTM), FY26 Q2: $2.9B Revenue (TTM), FY26 Q3: $2.8B $2.8B

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $2.8B
FY24 Q1 $2.8B
FY24 Q2 $2.8B
FY24 Q3 $2.9B
FY24 Q4 $3B
FY25 Q1 $3.1B
FY25 Q2 $3.1B
FY25 Q3 $3.1B
FY25 Q4 $3B
FY26 Q1 $2.9B
FY26 Q2 $2.9B
FY26 Q3 $2.8B
Revenue growth, TTM YoY Hovnanian Enterprises Inc
-15% -10% -5% 0% 5% 10% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: -5.7% Revenue growth, TTM YoY, FY24 Q1: -1.3% Revenue growth, TTM YoY, FY24 Q2: -1.2% Revenue growth, TTM YoY, FY24 Q3: 5.7% Revenue growth, TTM YoY, FY24 Q4: 9.0% Revenue growth, TTM YoY, FY25 Q1: 8.8% Revenue growth, TTM YoY, FY25 Q2: 7.8% Revenue growth, TTM YoY, FY25 Q3: 7.8% Revenue growth, TTM YoY, FY25 Q4: -0.9% Revenue growth, TTM YoY, FY26 Q1: -4.8% Revenue growth, TTM YoY, FY26 Q2: -4.7% Revenue growth, TTM YoY, FY26 Q3: -10.1% -10.1%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 -5.7%
FY24 Q1 -1.3%
FY24 Q2 -1.2%
FY24 Q3 5.7%
FY24 Q4 9.0%
FY25 Q1 8.8%
FY25 Q2 7.8%
FY25 Q3 7.8%
FY25 Q4 -0.9%
FY26 Q1 -4.8%
FY26 Q2 -4.7%
FY26 Q3 -10.1%
FCF margin (TTM) Hovnanian Enterprises Inc
-5% 0% 5% 10% 15% 20% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 15.1% FCF margin (TTM), FY24 Q1: 12.6% FCF margin (TTM), FY24 Q2: 12.3% FCF margin (TTM), FY24 Q3: 1.1% FCF margin (TTM), FY24 Q4: 0.2% FCF margin (TTM), FY25 Q1: 1.3% FCF margin (TTM), FY25 Q2: -0.9% FCF margin (TTM), FY25 Q3: 3.6% FCF margin (TTM), FY25 Q4: 5.6% FCF margin (TTM), FY26 Q1: 12.2% FCF margin (TTM), FY26 Q2: 9.3% FCF margin (TTM), FY26 Q3: 7.0% 7.0%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 15.1%
FY24 Q1 12.6%
FY24 Q2 12.3%
FY24 Q3 1.1%
FY24 Q4 0.2%
FY25 Q1 1.3%
FY25 Q2 -0.9%
FY25 Q3 3.6%
FY25 Q4 5.6%
FY26 Q1 12.2%
FY26 Q2 9.3%
FY26 Q3 7.0%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Oct 2009 2010 Oct 2010 2011 Oct 2011 2012 Oct 2012 2013 Oct 2013 2014 Oct 2014 2015 Oct 2015 2016 Oct 2016 2017 Oct 2017 2018 Oct 2018 2019 Oct 2019 2020 Oct 2020 2021 Oct 2021 2022 Oct 2022 2023 Oct 2023 2024 Oct 2024 2025 Oct 2025 LTM Jul 2026
Income
Revenue 1,596 1,372 1,135 1,485 1,851 2,063 2,148 2,752 2,452 1,991 2,017 2,344 2,783 2,922 2,756 3,005 2,979 2,823
Net income −717 3 −286 −66 31 307 −16 −3 −332 5 −42 46 550 195 179 223 51 3
Diluted EPS −$229.00 $0.75 −$71.25 −$13.00 $5.50 $46.75 −$2.75 −$0.50 −$56.23 $0.72 −$7.06 $7.03 $85.86 $29.00 $26.88 $31.79 $7.43 $0.43
Growth (year on year)
Revenue — −14.1% −17.3% +30.9% +24.6% +11.5% +4.1% +28.1% −10.9% −18.8% +1.3% +16.2% +18.7% +5.0% −5.7% +9.0% −0.9% −10.1%
Net income — — — — — — −105.2% — — — — — — −64.5% −8.2% +24.4% −77.0% −98.1%
Diluted EPS — — — — — — −105.9% — — — — — — −66.2% −7.3% +18.3% −76.6% −98.0%
Margins
Net margin −44.9% 0.2% −25.2% −4.5% 1.7% 14.9% −0.7% −0.1% −13.5% 0.2% −2.1% 2.0% 19.8% 6.7% 6.5% 7.4% 1.7% 0.1%
Free-cash-flow margin −1.9% 2.2% −18.3% −4.9% 0.4% −9.4% −15.0% 13.8% 12.0% −3.6% −12.6% 12.3% 7.3% 2.6% 15.1% 0.2% 5.6% 7.0%
Cash flow
Cash from operations −30 32 −207 −67 9 −191 −321 387 302 −67 −249 293 210 89 435 24 188 219
Capital spending 1 2 1 5 2 3 2 8 6 5 4 3 6 13 19 18 22 21
Free cash flow −30 30 −208 −72 8 −194 −323 379 295 −72 −253 289 204 77 416 6 166 198
Stock-based pay 13 9 6 6 7 10 9 3 1 4 1 3 8 10 14 25 17 11
Free cash flow after stock pay −44 21 −214 −79 1 −204 −331 376 295 −76 −254 287 197 67 402 −19 150 186
Balance sheet
Cash 427 367 251 273 329 262 254 347 469 — — — — — — — — —
Total debt 0 0 787 1,559 1,544 1,670 1,859 1,606 1,610 1,439 1,549 1,436 1,255 1,155 1,070 896 925 925
Net debt (negative = net cash) −427 −367 536 1,286 1,215 1,408 1,605 1,259 1,140 — — — — — — — — —
Diluted shares 3m 3m — 5m 6m — 6m 6m 6m 6m 6m 7m 6m 7m 7m 7m 7m 7m
Returned to shareholders
Dividends — — — — — — — — — — 0 0 0 11 11 11 11 —
Buybacks — — — 0 — — — — — — — 0 0 12 5 27 30 18
Total returned — — — 0 — — — — — — 0 0 0 23 16 37 41 18

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 3 checks passed · July 31, 2026
  • Short-term assets cover short-term liabilities The company doesn't report a short-term split. Not assessable.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Debt is 110% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 635% to 110% over five years.
  • A year's operating cash flow covers at least 20% of debt $219m of operating cash flow against $902m of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Hovnanian Enterprises Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$18.4M
Buybacks, last 3 fiscal years
$61.6M
Diluted share count
−5.8%
year over year
Total shareholder yield
2.7%
dividends 0.0% + buybacks 2.7% of market value

Competitors: side by side with peers

Closest by revenue in homebuilding
Last 12 months unless stated HOV IBP SKY CVCO CCS DFH Median
Revenue, last 12 months $2.8bn $3.0bn $2.7bn $2.4bn $3.8bn $4.1bn $3.4bn
Revenue growth, last 12 months −10.1% 0.3% 4.5% 11.8% −8.2% −12.2% −7.6%
Revenue growth, 3-year average 0.8% 2.4% 4.4% 8.0% 1.3% 4.7% −0.2%
Revenue growth, latest quarter −11.8% 2.3% 1.3% 17.9% −11.8% −7.6% −7.6%
Gross margin — 33.6% 26.0% 22.7% 17.7% 19.8% 21.1%
Operating margin — 12.4% 8.7% 9.5% 7.2% — 9.1%
Operating margin, 3-year average — 12.8% 8.9% 9.7% 7.9% — 12.0%
Net margin 0.1% 8.5% 7.2% 7.7% 2.9% 3.5% 6.9%
Cash from operations / revenue 7.8% 12.1% 11.3% 12.7% −1.5% −3.3% 7.8%
Free-cash-flow margin 7.0% 9.8% 10.0% 9.7% −2.3% −3.9% 7.3%
Free-cash-flow margin, 3-year average 3.9% 9.8% 8.4% 8.7% −0.8% −2.1% 3.9%
Stock pay / revenue 0.4% 0.7% 0.8% 0.5% 0.4% 0.5% 0.5%
Change in share count −5.8% −2.9% −3.3% −3.5% −6.4% −4.6% −4.8%

Median of all 18 companies we cover in homebuilding. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Where the revenue comes from

Fiscal year to October 31, 2025
Products and services
Line of business Revenue Share YoY
Home Building $2.9B 96.8% ▼ 1.6%
Financial Service $95M 3.2% ▲ 28.2%

From Hovnanian Enterprises Inc's 10-K filed December 22, 2025, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$476M
Institutions reporting
181
Shares held vs prior quarter
▲ 2.7%
Positions opened / closed
48 / 23

Top buyers and sellers, Q2 2026: 106 institutions bought and 59 sold ; the biggest buyer was Jpmorgan Chase & Co (+59K shares) and the biggest seller Forager Capital Management, LLC (−87K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $60.4M 424K 12.7% ▲ 4.9%
State Street Corp $30.2M 212K 6.3% ▲ 1.0%
Vanguard Capital Management LLC $28M 197K 5.9% ▲ 0.4%
Dimensional Fund Advisors LP $25M 175K 5.3% 0.0%
American Century Companies Inc $23.4M 164K 4.9% ▲ 32.3%
Renaissance Technologies LLC $23M 161K 4.8% ▼ 1.3%
Forager Capital Management, LLC $21.3M 150K 4.5% ▼ 36.7%
Geode Capital Management, LLC $17.2M 121K 3.6% ▲ 3.9%
D. E. Shaw & Co., Inc. $16.4M 115K 3.4% ▲ 4.2%
Goldman Sachs Group Inc $15M 105K 3.2% ▲ 106.7%
Gw&K Investment Management, LLC $14.8M 104K 3.1% ▼ 2.7%
Charles Schwab Investment Management Inc $13.3M 93K 2.8% ▼ 3.8%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Hovnanian Enterprises Inc's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $1.8M 2 trades by 2 insiders · 0% under pre-set plans
Net ▼ $1.8M net selling
Insider Date Trade Shares Price Value
Sorsby J Larry Director June 25, 2026 Sell 1,032 $142.57 $147,144
Hovnanian Ara K Chairman of the Board & CEO June 22, 2026 Sell 12,880 $125.78 $1.6M

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around December 3, 2026 estimated from the company's past filing pattern, not announced

  • August 20, 2026
  • May 21, 2026
  • February 25, 2026
  • December 4, 2025
  • August 21, 2025
  • May 20, 2025

Recent SEC filings

Data status

When each part of this page on Hovnanian Enterprises Inc was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Hovnanian Enterprises Inc in brief

What does Hovnanian Enterprises Inc do?
Hovnanian Enterprises Inc is a US-listed company in the homebuilding industry. Its financial year ends in October.
What is Hovnanian Enterprises Inc's stock ticker?
Hovnanian Enterprises Inc trades under the ticker HOV on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Hovnanian Enterprises Inc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Hovnanian Enterprises Inc reported revenue of $2.8B, 10.1% lower than a year earlier, according to its SEC filings.
What is Hovnanian Enterprises Inc's free cash flow?
Hovnanian Enterprises Inc's free-cash-flow margin is 7.0% of revenue over the trailing twelve months.
Who are Hovnanian Enterprises Inc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., State Street Corp and Vanguard Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Hovnanian Enterprises Inc buying back stock, and does it pay a dividend?
Hovnanian Enterprises Inc spent $18.4M on share repurchases over the trailing twelve months, and its diluted share count fell 5.8% over the year.
What is Hovnanian Enterprises Inc's market cap?
On November 2, 2026, Hovnanian Enterprises Inc's market capitalisation was about $693M, with a price-to-earnings ratio of 246.0 and net debt of $0. Market figures come from third-party market data and may be delayed.
How much debt does Hovnanian Enterprises Inc have?
Hovnanian Enterprises Inc's debt-to-equity ratio is 110.2%, from its latest balance sheet (634.8% five years earlier). The financial health section below sets out its other solvency checks.
Who are Hovnanian Enterprises Inc's competitors?
In our Homebuilding peer group, the companies closest to Hovnanian Enterprises Inc are Installed Building Products, Inc., Champion Homes, Inc., Cavco Industries, Inc., Century Communities, Inc. and Dream Finders Homes, Inc. The side-by-side comparison below sets their revenue, margins and growth against Hovnanian Enterprises Inc's.
Are insiders buying or selling Hovnanian Enterprises Inc stock?
Over the last 12 months, Hovnanian Enterprises Inc's directors and officers reported 0 open-market purchases and 2 sales on Form 4. The insider trading page charts every trade.
When is Hovnanian Enterprises Inc's next earnings date?
Around December 3, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Hovnanian Enterprises Inc announces its own schedule.