Hovnanian Enterprises (HOV)

• Market cap: $574M
• 1 day: 0.27%
• 5 days: 0.57%
• 1 month: -7.55%
• 3 months: -30.01%
• 6 months: -46.47%
• Year to date: -24.40%
• 1 year: -34.52%
• 5 years: 667.04%
• 10 years: 24.10%
• Sector: Consumer Discretionary
• Industry: Residential Construction

About: Hovnanian Enterprises Inc conducts all of its homebuilding and financial services operations . The company designs, constructs, markets, and sells single-family detached homes, attached townhomes and condominiums, urban infill, and active lifestyle homes in planned residential developments. It has two distinct operations: homebuilding and financial services. Its homebuilding operations are divided geographically into three segments; Northeast which includes Delaware, Maryland, New Jersey, Ohio, Pennsylvania, Virginia and West Virginia; Southeast which includes Florida, Georgia and South Carolina; and West which includes Arizona, California and Texas. The firm generates maximum revenue from West Segment.

Employees: 1,878

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

4% less first-time investments, than exits

New positions opened: 26 | Existing positions closed: 27

2% less funds holding

Funds holding: 165 [Q3] → 161 (-4) [Q4]

4.16% less ownership

Funds ownership: 67.96% [Q3] → 63.81% (-4.16%) [Q4]

11% less repeat investments, than reductions

Existing positions increased: 51 | Existing positions reduced: 57

38% less capital invested

Capital invested by funds: $740M [Q3] → $455M (-$285M) [Q4]

50% less funds holding in top 10

Funds holding in top 10: 4 [Q3] → 2 (-2) [Q4]