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Hovnanian Enterprises, Inc. - $HOV STOCK NEWS

Welcome to our dedicated page for Hovnanian Enterprises news (Ticker: $HOV), a resource for investors and traders seeking the latest updates and insights on Hovnanian Enterprises stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Hovnanian Enterprises's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Hovnanian Enterprises's position in the market.

News
Hovnanian Enterprises Receives Two U.S. Department Of Energy 2023 Awards For Building Energy Efficient Homes
Rhea-AI Summary
Hovnanian Enterprises receives two United States Department of Energy Housing Innovation Awards for constructing Zero Energy Ready Homes
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.8%
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none
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News
Hovnanian Enterprises to Present at Deutsche Bank’s 31st Annual Leveraged Finance Conference
Rhea-AI Summary
Hovnanian Enterprises to present at Deutsche Bank conference on October 4, 2023 at 11:00 a.m. ET
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.3%
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conferences
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News
Hovnanian Enterprises Announces Refinancing Transaction
Rhea-AI Summary
Hovnanian Enterprises announces refinancing transaction to extend maturities of secured debt and revolving credit facility
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.53%
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none
News
Hovnanian Enterprises Reports Fiscal 2023 Third Quarter Results
Rhea-AI Summary
Hovnanian Enterprises reports 81% YoY increase in net contracts and 92% YoY increase in net contracts per community. Homebuilding gross margin percentage improved by 230 basis points sequentially. Income before income taxes for Q3 2023 was $70.4 million compared to $111.9 million in Q3 2022. Net income for Q3 2023 was $55.8 million compared to $82.6 million in Q3 2022. Consolidated contracts in Q3 2023 increased 80.7% to 1,444 homes compared to 799 homes in Q3 2022. Dollar value of consolidated contract backlog decreased 26.0% to $1.33 billion compared to $1.79 billion in July 2022. Total liquidity as of July 31, 2023, was $455.5 million. Hovnanian Enterprises increases its guidance for total revenues, adjusted homebuilding gross margin, adjusted EBITDA, adjusted income before income taxes, and fully diluted earnings per share for fiscal 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
15.44%
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earnings
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News
Hovnanian Enterprises Announces Third Quarter Fiscal Year 2023 Earnings Release and Conference Call
Rhea-AI Summary
Hovnanian Enterprises, Inc. will release financial results for Q3 2023 on August 30, 2023. The earnings conference call will be webcast live through the company's website. A replay of the call will be available for 12 months.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.65%
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earnings
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News
Hovnanian Enterprises Announces Retirement of Larry Sorsby, Executive Vice President and Chief Financial Officer
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.75%
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none
News
Hovnanian Enterprises Reports Fiscal 2023 Second Quarter Results
Rhea-AI Summary
Hovnanian Enterprises, a leading national homebuilder, reported its fiscal Q2 and six-month results. Total revenues were $703.7M in Q2, a slight increase compared to the previous year. Sale of homes revenues decreased by 2.2% to $670.7M. Homebuilding gross margin percentage was 17.8%, a decrease from last year. Income before income taxes was $46.1M, a significant decrease compared to the prior year. Net income was $34.1M, a decrease of 45.3%. Consolidated contracts declined by 3.1% and the contract backlog decreased by 35.7%. Total liquidity was $463.8M. The company provided financial guidance for Q3 and fiscal 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.52%
Tags
earnings
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News
Hovnanian Enterprises Announces Second Quarter Fiscal Year 2023 Earnings Release and Conference Call
Rhea-AI Summary
Hovnanian Enterprises, Inc. will release its financial results for Q2 2023 on May 31, 2023. The earnings conference call will be webcast live on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.52%
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earnings
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News
The Grupe Company and Canyon Partners Form Joint Venture to Develop 253 Unit Multifamily Project in Folsom, CA; Secure Construction Loan from Umpqua Bank
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.41%
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none
News
Hovnanian Enterprises Reports Fiscal 2023 First Quarter Results
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.41%
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earnings
Stock HOV logo
Hovnanian Enterprises, Inc.

NYSE:HOV

HOV Rankings

#2480 Ranked by Market Cap
#281 Ranked by Stock Gains
N/A Ranked by Dividends

HOV Stock Data

933.67M
4.74M
7.84%
58.35%
2.58%
New Single-Family Housing Construction (except For-Sale Builders)
Construction
Link
United States of America
MATAWAN

About HOV

for a complete listing of all our available career opportunities, please visit khov.com/careers. hovnanian enterprises, inc., founded in 1959 by kevork s. hovnanian, is headquartered in red bank, new jersey. the company is one of the nation’s largest homebuilders with operations in arizona, california, delaware, florida, georgia, illinois, maryland, new jersey, ohio, pennsylvania, south carolina, texas, virginia, washington, d.c. and west virginia. hovnanian is highly diversified by product type, selling a wide array of attached and detached home styles to buyers ranging from first-time purchasers to luxury buyers. as the developer of k. hovnanian’s® four seasons communities, the company is also one of the nation’s largest builders of active lifestyle communities. the company’s homes are marketed and sold under the trade names k. hovnanian® homes, brighton homes® and parkwood builders.