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HOVNP

Hovnanian Enterprises Series A Preferred Stock

HOVNP

Market cap $91M

18.21 USD

+0.23

1.28%

At close Updated Sep 30, 4:00 PM EDT

1 day

1.28%

5 days

-5.16%

1 month

-8.49%

3 months

-11.6%

6 months

-9.85%

Year to date

-11.39%

1 year

-12.37%

5 years

5.57%

10 years

295.87%

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 the West Segment.

Employees: 1,891

Consumer Discretionary Residential Construction

News

Positive

Neutral

Negative

Sentiment 3-Months

Positive 0%

Neutral 0%

Negative 100%

Hovnanian Enterprises: Preferred Stock Warrants Caution (Rating Downgrade)

Hovnanian Enterprises' preferred shares are downgraded to ‘buy' due to deteriorating housing market fundamentals and rising interest rate risks. HOVNP offers a 9.69% yield and trades at a 26.4% discount to liquidation value, but non-cumulative status increases risk in adverse scenarios. The company's net leverage has improved, but recent quarters show declining deliveries, higher cancellations, and lower backlog pricing.

Hovnanian Enterprises: Preferred Stock Warrants Caution (Rating Downgrade)

Hovnanian Enterprises, Inc. (HOV) Q2 2026 Earnings Call Transcript

Hovnanian Enterprises, Inc. (HOV) Q2 2026 Earnings Call Transcript

Hovnanian Enterprises, Inc. (HOV) Q2 2026 Earnings Call Transcript

Hovnanian Enterprises, Inc. (HOV) Presents at J.P. Morgan 2026 Global Leveraged Finance Conference Transcript

Hovnanian Enterprises, Inc. (HOV) Presents at J.P. Morgan 2026 Global Leveraged Finance Conference Transcript

Hovnanian Enterprises, Inc. (HOV) Presents at J.P. Morgan 2026 Global Leveraged Finance Conference Transcript

Hovnanian Enterprises, Inc. (HOV) Q1 2026 Earnings Call Transcript

Hovnanian Enterprises, Inc. (HOV) Q1 2026 Earnings Call Transcript

Hovnanian Enterprises, Inc. (HOV) Q1 2026 Earnings Call Transcript

Hovnanian: Lukewarm About This Small-Cap Homebuilder As It Approaches Q1 Earnings

HOV, a small-cap representative of the homebuilding market, has lagged its peers since our last coverage in August 2025 but now faces a decisive earnings event on the 25th of Feb. Investors would do well to curtail any buoyancy, as Q1 is seasonally weak, HOV has a questionable earnings track record, and gross margin and SG&A trends are expected to worsen. While Q1 is unlikely to have too many highs, guidance, especially for H2-26, has the potential to restimulate spirits.

Hovnanian: Lukewarm About This Small-Cap Homebuilder As It Approaches Q1 Earnings

Hovnanian Enterprises: The House Fell Down

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.

Hovnanian Enterprises: The House Fell Down

Hovnanian Enterprises Swings to Loss as Hesitant Homebuyers Squeeze 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 Swings to Loss as Hesitant Homebuyers Squeeze Margins

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

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

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

Hovnanian Enterprises Logs Loss on Higher Costs, Tighter Margins

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.

Hovnanian Enterprises Logs Loss on Higher Costs, Tighter Margins

Hovnanian Enterprises: A Great Way To Capture A 9.3% Yield

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.

Hovnanian Enterprises: A Great Way To Capture A 9.3% Yield

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