Hovnanian Enterprises

HOV

Market cap $737M

Hovnanian Enterprises remains a 'strong buy' despite a 22.5% share price drop driven by weak Q4 results and soft near-term guidance. HOV trades at compelling mid-single-digit cash flow multiples, making it the cheapest among peers on this metric. Management is proactively reducing debt, restructuring maturities, and focusing on land with higher embedded incentives to protect margins.

The home builder posted a net loss of $667,000 as it offered more incentives to try to maintain a strong sales pace.

Hovnanian Enterprises, Inc. (HOV) Q4 2025 Earnings Call Transcript

Hovnanian (HOV) came out with quarterly earnings of $5.96 per share, beating the Zacks Consensus Estimate of $0.63 per share. This compares to earnings of $12.79 per share a year ago.

The home builder reports home-building gross margin percentage, after cost of sales interest expense and land charges, was 10.7% compared with 18% a year earlier.

Met or Exceeded All Guidance Metrics Provided 8% Year-Over-Year Increase in Consolidated Communities Successfully Completed $900 Million Unsecured Debt Refinancing Extending Maturities Until 2031 and 2033 Operating Performance Reflects a $34 Million Expense from Refinancing and $19 Million in Land Charges

MATAWAN, N.J., Nov. 20, 2025 (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, 2025, the morning of Thursday, December 4, 2025. The Company will webcast its fourth quarter earnings conference call at 11:00 a.m. (ET) on Thursday, December 4, 2025.

Hovnanian Enterprises remains a top pick, with both common and preferred shares rated 'strong buy' for their value and stability. Despite near-term headwinds—declining home prices, rising cancellations, and margin compression - HOV's improved leverage and debt management enhance long-term prospects. HOVNP preferred shares offer a compelling 9.3% yield at current prices, providing safety and income amid economic uncertainty and limited downside risk.

MATAWAN, N.J., Sept. 11, 2025 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV) (the “Company”) announced today that its wholly owned subsidiary, K. Hovnanian Enterprises, Inc. (“K. Hovnanian”), priced an offering of $450 million aggregate principal amount of 8.000% Senior Notes due 2031 and $450 million aggregate principal amount of 8.375% Senior Notes due 2033 in a private placement (collectively, the “Notes”). The Notes will be guaranteed by the Company and substantially all of its subsidiaries. The sale of the Notes is expected to be consummated on or about September 25, 2025, subject to customary closing conditions.

MATAWAN, N.J., Sept. 10, 2025 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV) (the “Company”) announced today that its wholly owned subsidiary, K. Hovnanian Enterprises, Inc. (“K. Hovnanian”), intends to offer, subject to market conditions $450 million aggregate principal amount of Senior Notes due 2031 and $450 million aggregate principal amount of Senior Notes due 2033 in a private placement (collectively, the “Notes”). The Notes will be guaranteed by the Company and substantially all of its subsidiaries