Hovnanian Enterprises: Cheap With Plenty Of Caveats
- Hovnanian Enterprises' stock has dropped over 35% in 2025 due to industry headwinds like high mortgage rates, low affordability, and new tariffs on building materials. Despite the selloff, Hovnanian trades at a very low P/E and is below book value, but increasing incentives and gross margins both bear watching. It is time to buy the dip in this home builder? An analysis of Hovnanian Enterprises follows in the paragraphs below.
- 04/11/2025
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Strength Seen in Hovnanian (HOV): Can Its 10.6% Jump Turn into More Strength?
- Hovnanian (HOV) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
- 04/07/2025
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Hovnanian Q1 Earnings Rise 23%, Margins Decline on Incentives
- HOV's Q1 revenues grow 13%, but margins fall as incentives rise. Contracts increase, while the backlog declines amid shifting market dynamics.
- 02/27/2025
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Hovnanian Enterprises, Inc. (HOV) Q1 2025 Earnings Call Transcript
- Hovnanian Enterprises, Inc. (NYSE:HOV ) Q1 2025 Earnings Conference Call February 24, 2025 11:00 AM ET Company Participants Jeff O'Keefe - Vice President, Investor Relations Ara Hovnanian - Chairman, President and CEO Brad O'Connor – Chief Financial Officer David Mitrisin - Vice President, Corporate Controller Paul Eberly - Vice President, Finance and Treasurer Conference Call Participants Alan Ratner - Zelman & Associates Alex Barron - Housing Research Center Jay McCanless - Wedbush Operator Good morning and thank you for joining us today for Hovnanian Enterprises Fiscal 2025 First Quarter Earnings Conference Call. An archive of the webcast will be available after the completion of the call and run for 12 months.
- 02/24/2025
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Hovnanian Enterprises Reports Fiscal 2025 First Quarter Results
- 13% Increase in Total Revenues Income Before Income Taxes Increased 22% Year-Over-Year 7% Year-Over-Year Quarterly Growth in Consolidated Contracts Total Consolidated Lots Controlled Increased 29% Year-Over-Year
- 02/24/2025
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Hovnanian Enterprises Announces First Quarter Fiscal 2025 Earnings Release and Conference Call
- MATAWAN, N.J., Feb. 10, 2025 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, will release financial results for the first quarter ended January 31, 2025, the morning of Monday, February 24, 2025. The Company will webcast its first quarter earnings conference call at 11:00 a.m. (ET) on Monday, February 24, 2025.
- 02/10/2025
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Hovnanian Enterprises Is One Of The Most Compelling Prospects In This Market
- Hovnanian Enterprises, Inc. is a top buying opportunity due to its low valuation, sizable backlog, and rising net new contracts despite recent stock volatility. The company's diverse home portfolio and strategic lot acquisition have strengthened its financial position, reducing debt and increasing book value. Persistent high-interest rates pose short-term risks, but long-term housing demand driven by population growth supports a positive outlook.
- 01/13/2025
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Hovnanian Enterprises Q4 Earnings Decline Y/Y, Revenues Up
- HOV's strategic focus on contracts and land expansion drives strong Q4 growth despite cost and margin pressures.
- 12/10/2024
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Hovnanian Enterprises, Inc. (HOV) Q4 2024 Earnings Call Transcript
- Hovnanian Enterprises, Inc. (NYSE:HOV ) Q4 2024 Earnings Conference Call December 5, 2024 11:00 AM ET Company Participants Jeff O'Keefe - Vice President, Investor Relations Ara Hovnanian - Chairman, President, Chief Executive Officer Brad O'Connor - Chief Financial Officer and Treasurer Conference Call Participants Alan Ratner - Zelman & Associates Alex Barron - Housing Research Center Austin Hopper - AWH Capital Operator Good morning and thank you for joining us today for Hovnanian Enterprises Fiscal 2024 Fourth Quarter Earnings Conference Call. An archive of the webcast will be available after the completion of the call and run for 12 months.
- 12/05/2024
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Hovnanian Enterprises Reports Fiscal 2024 Fourth Quarter and Full Year Results
- Full Year Income Before Income Taxes Increased 24% Year-Over-Year 44% Year-Over-Year Quarterly Growth in Consolidated Contracts Total Consolidated Lots Controlled Increased 32% Year-Over-Year 47% Year-Over-Year Growth in Annual Land and Land Development Spend
- 12/05/2024
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K. Hovnanian️'s Northeast Division Awarded Special Honors by U.S. Department of Energy
- MATAWAN, N.J., Dec. 04, 2024 (GLOBE NEWSWIRE) -- K.
- 12/04/2024
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K. Hovnanian® Homes Launches Groundbreaking New Website
- MATAWAN, N.J., Dec. 02, 2024 (GLOBE NEWSWIRE) -- K.
- 12/02/2024
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Hovnanian Enterprises Announces Fiscal Year 2024 Earnings Release and Conference Call
- MATAWAN, N.J., Nov. 21, 2024 (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, 2024, the morning of Thursday, December 5, 2024. The Company will webcast its fourth quarter earnings conference call at 11:00 a.m. (ET) on Thursday, December 5, 2024.
- 11/21/2024
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2 Small Caps: Should You Bet the "House"?
- HOV and AXR are two housing plays approaching different geographical markets.
- 10/29/2024
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K. Hovnanian® Homes Recognized with Department of Energy Housing Innovation Award
- K. Hovnanian® Homes is proud to announce the U.S. Department of Energy (DOE) recognized their Phoenix Division as a 2024 Housing Innovation award winner.
- 10/21/2024
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Hovnanian Enterprises to Present at Deutsche Bank's 32nd Annual Leveraged Finance Conference
- MATAWAN, N.J., Sept. 16, 2024 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, announced that senior management will be presenting at Deutsche Bank's 32nd Annual Leveraged Finance Conference taking place on Tuesday, September 24, 2024, at 11:00 am ET.
- 09/16/2024
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Hovnanian Enterprises: Lower Mortgage Rates And Quick-Move-In Homes Imply Undervaluation
- Hovnanian Enterprises, Inc. is experiencing impressive net sales growth due to lower mortgage rates and strategic initiatives like quick-move-in homes and curated "looks" packages. The company's reduction in debt, increase in assets, and free cash flow growth are expected to boost stock demand and price. Despite risks from interest rate hikes, labor shortages, and raw material scarcity, HOV is significantly undervalued and ongoing stock repurchases may enhance its value.
- 09/16/2024
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Hovnanian (HOV) Q3 Earnings Rise Y/Y, '24 Revenue View Hikes
- A y/y increase in home sales revenues aids Hovnanian's (HOV) earnings in Q3.
- 08/23/2024
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Hovnanian Enterprises, Inc. (HOV) Q3 2024 Earnings Call Transcript
- Hovnanian Enterprises, Inc. (NYSE:HOV ) Q3 2024 Results Conference Call August 22, 2024 11:00 AM ET Company Participants Jeff O'Keefe - Vice President, Investor Relations Ara Hovnanian - Chairman, President, Chief Executive Officer Brad O'Connor - Chief Financial Officer and Treasurer David Mitrisin - Vice President, Corporate Controller Conference Call Participants Alan Ratner - Zelman & Associates Jordan Hymowitz - Philadelphia Financial Management of San Francisco Alex Barron - Housing Research Center Operator Good morning, and thank you for joining us today for Hovnanian Enterprises Fiscal 2024 Third Quarter Earnings Conference Call. An archive of the webcast will be available after the completion of the call and run for 12 months.
- 08/22/2024
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HOV Stock Earnings: Hovnanian Enterprises Reported Results for Q3 2024
- Hovnanian Enterprises (NYSE: HOV ) just reported results for the third quarter of 2024. Hovnanian Enterprises reported earnings per share of $9.75.
- 08/22/2024
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Hovnanian Enterprises Reports Fiscal 2024 Third Quarter Results
- 11% Year-Over-Year Growth in Total Revenues Income Before Income Taxes Increased 38% Year-Over-Year 24% Year-Over-Year Growth in Consolidated Community Count Total Consolidated Lots Controlled Increased 34% Year-Over-Year Increased Midpoint of Full Year Adjusted Income Before Income Tax Guidance by 11% to $313 Million
- 08/22/2024
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Hovnanian Enterprises Announces Third Quarter Fiscal 2024 Earnings Release and Conference Call
- MATAWAN, N.J., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, will release financial results for the third quarter ended July 31, 2024, the morning of Thursday, August 22, 2024. The Company will webcast its third quarter earnings conference call at 11:00 a.m. (ET) on Thursday, August 22, 2024.
- 08/08/2024
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5 Small Cap Stocks That Popped 30% In Less than 10 Days
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Top 2 Consumer Stocks That May Fall Off A Cliff This Quarter
- As of July 24, 2024, two stocks in the consumer discretionary sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
- 07/24/2024
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Hovnanian Enterprises: Strong Additional Upside Is Warranted
- Hovnanian Enterprises is a cheap homebuilder catering to a wide audience with homes ranging from $135,000 to $1.77 million. Despite a decline in revenue and profitability in 2023, the company has seen growth in orders and deliveries in 2024. With attractively priced shares and potential industry weakness, Hovnanian Enterprises is upgraded to a "strong buy" based on impressive performance.
- 07/05/2024
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Hovnanian Enterprises Announces Credit Rating Upgrade From Moody's Ratings
- MATAWAN, N.J., June 25, 2024 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, today announced that Moody's Ratings (“Moody's”) has upgraded Hovnanian's corporate family rating to B2 from B3. In a press release issued on June 24, 2024, Moody's cited an improvement in the company's leverage profile through solid operating performance and growth in net worth, as well as through the recently completed debt exchange transaction. Moody's outlook for Hovnanian remains stable.
- 06/25/2024
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Zacks Initiates Coverage of Hovnanian With Neutral Recommendation
- Discover why Zacks rates Hovnanian (HOV) as "Neutral," being the first on Wall Street to initiate coverage on the stock. Explore its robust financial restructuring and market growth amid competitive and market challenges.
- 06/17/2024
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Hovnanian Enterprises Announces Credit Rating Upgrade From S&P Global Ratings
- MATAWAN, N.J., June 12, 2024 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, today announced that S&P Global Ratings (“S&P”) has upgraded Hovnanian's issuer credit rating to ‘B' from ‘B-' citing better than expected debt leverage, sustained community count growth, steady demand in home sales and a focus on cash flow management, which will allow the company to grow the business through internally generated cash flows as contributing factors in a press release issued on June 11, 2024. S&P's outlook for Hovnanian is stable.
- 06/12/2024
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Hovnanian Enterprises to Present at Sidoti Virtual Investor Conference
- MATAWAN, N.J., June 05, 2024 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, announced that senior management will be presenting at the Sidoti June Virtual Investor Conference taking place on June 12-13, 2024.
- 06/05/2024
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Hovnanian (HOV) Sees Y/Y Q2 Earnings Rise, Beats Liquidity Targets
- Higher home sales and improved gross margins aid Hovnanian's (HOV) earnings in Q2.
- 05/23/2024
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Hovnanian Enterprises, Inc. (HOV) Q2 2024 Earnings Call Transcript
- Hovnanian Enterprises, Inc. (NYSE:HOV ) Q2 2024 Earnings Conference Call May 22, 2024 11:00 AM ET Company Participants Jeffrey O'Keefe - Vice President, Investor Relations Ara Hovnanian - Chairman, President, Chief Executive Officer Brad O'Connor - Chief Financial Officer and Treasurer Conference Call Participants Natalie Kulasekere - Zelman & Associates Alex Barron - Housing Research Center Operator Good morning, and thank you for joining us today for Hovnanian Enterprises' Fiscal 2024 Second Quarter Earnings Conference Call. An archive of the webcast will be available after the completion of the call and run for 12 months.
- 05/22/2024
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Hovnanian Enterprises Reports Fiscal 2024 Second Quarter Results
- Income Before Income Taxes Increased More Than 50% Year-Over-Year 170 Basis Points Year-Over-Year Increase in Homebuilding Gross Margin Percentage Net Contracts per Community Increased Year-Over-Year to 13.9
- 05/22/2024
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Hovnanian Enterprises Announces Second Quarter Fiscal 2024 Earnings Release and Conference Call
- MATAWAN, N.J., May 08, 2024 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, will release financial results for the second quarter ended April 30, 2024, the morning of Wednesday, May 22, 2024. The Company will webcast its second quarter earnings conference call at 11:00 a.m. (ET) on Wednesday, May 22, 2024.
- 05/08/2024
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GTIS Partners and Hovnanian Enterprises Announce the Expansion of their Homebuilding Joint Venture Portfolio to $1 Billion of Equity to Build 12,600 Homes Valued at $6 Billion
- NEW YORK , May 2, 2024 /PRNewswire/ -- GTIS Partners ("GTIS"), a global real estate investment firm with a focus on residential and industrial/logistics investments, and Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, today announced that they have expanded their partnership to develop, construct and sell homes in a new joint venture of eight additional for-sale homebuilding communities. To date, the partners have invested in approximately 70 homebuilding communities through multiple joint ventures.
- 05/02/2024
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Hovnanian Enterprises Preferred Stock Diversity Comes With Risks
- Hovnanian Enterprises is a homebuilder in the United States, offering various types of residential homes. The company ranks among the largest homebuilding companies in the U.S. with revenues of $2.76b. Here I review both the issuer and the issue. The preferred stock issued by Hovnanian Enterprises, HOVNP, has a low coverage and non-cumulative dividends, causing losses for investors. While the yield is over 10%, a CCC rating would scare most investors. Its non-cumulative feature burned investors. While high risk-takers might own, the rest should take a pass!
- 04/06/2024
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Preferreds Weekly Review: Yield Differential Between Bonds And Preferreds Often Too Tight
- Preferreds were slightly lower this week and over February, with caution required for stocks trading above "par". The fixed-income version of the "beta anomaly" shows that the yield differential between bonds and preferreds may be too low. We highlight recent issuances from HOV and MITT.
- 03/10/2024
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Stock ideas from the 2024 Microcap Conference
- When it comes to investing in micro-cap stocks, it can sometimes be a real challenge to distinguish the potential winners from those that might not offer much near-term upside. However, a great way to uncover some possible leads is at conferences where investors can meet with the management teams of these smaller companies.
- 02/23/2024
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Hovnanian Enterprises Reports Fiscal 2024 First Quarter Results
- Net Contracts per Community Increased 48% Year-Over-Year Income Before Income Taxes Increased 80% Year-Over-Year $230 Million was the Highest Quarterly Land and Land Development Spend in 57 Quarters 15% Year-Over-Year Growth in Total Revenues
- 02/22/2024
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Hovnanian Enterprises Announces First Quarter Fiscal 2024 Earnings Release and Conference Call
- MATAWAN, N.J., Feb. 08, 2024 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, will release financial results for the first quarter ended January 31, 2024, the morning of Thursday, February 22, 2024. The Company will webcast its first quarter earnings conference call at 11:00 a.m. (ET) on Thursday, February 22, 2024.
- 02/08/2024
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Glancy Prongay & Murray LLP Announces Investigation of Hovnanian Enterprises, Inc. (HOV)
- NEW YORK--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces its investigation of Hovnanian Enterprises, Inc. (NYSE: HOV) concerning the Company and its directors' and officers' possible violations of state laws. If you own Hovnanian Enterprises stock, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Tom Kennedy, of GPM, 230 Park Avenue, Suite 358, New York, N.
- 02/02/2024
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The Housing Hiccup: 3 Stocks to Sell as the Real Estate Market Cools
- Real estate is in a complicated position right now. On the one hand, it appears that interest rates have already peaked for this cycle and are set to start declining in the coming months.
- 01/23/2024
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K. Hovnanian®️ Introduces Salerno Reserve, a New LOOKS Community in Stuart, FL
- STUART, Fla., Jan. 15, 2024 (GLOBE NEWSWIRE) -- K.
- 01/15/2024
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K. Hovnanian®️ Introduces Locke Landing, a New LOOKS Community in Baltimore, MD
- BALTIMORE, Dec. 14, 2023 (GLOBE NEWSWIRE) -- K. Hovnanian Homes introduces Locke Landing, a new community of townhomes within the mixed-use development Baltimore Peninsula.
- 12/14/2023
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K. Hovnanian® Introduces The Grove at Jackson Village, a New LOOKS Community in Fredericksburg, VA
- FREDERICKSBURG, Va., Dec. 13, 2023 (GLOBE NEWSWIRE) -- K. Hovnanian️ Homes introduces The Grove at Jackson Village, an 850-unit townhome community in Fredericksburg. This community offers LOOKS: a designer-curated collection of beautiful interiors. Buyers can choose between Loft, Farmhouse, Classic or Elements LOOKS, and enjoy cohesive style without the stress.
- 12/13/2023
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These Two Players In Home Construction Are Reaching New Highs
- This homebuilder stock hit a 52-week high on Friday and topped a buy zone. An air conditioning and heating stock also hit a buy point on Friday.
- 12/08/2023
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K. Hovnanian® Introduces Enclave at Hillandale, a New LOOKS Community in Morris County
- FAR HILLS, N.J., Dec. 07, 2023 (GLOBE NEWSWIRE) -- K. Hovnanian Homes introduces Enclave at Hillandale, a new boutique townhome community in Mendham Township, which offers LOOKS: a designer-curated collection of beautiful interiors. Buyers can choose between Loft, Farmhouse, or Classic LOOKS, and enjoy cohesive style without the stress.
- 12/07/2023
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Hovnanian Enterprises, Inc. (HOV) Q4 2023 Earnings Call Transcript
- Hovnanian Enterprises, Inc. (NYSE:HOV ) Q4 2023 Earnings Conference Call December 5, 2023 11:00 AM ET Company Participants Ara Hovnanian - Chairman, President, Chief Executive Officer Brad O'Connor - Chief Financial Officer, Treasurer David Mitrisin - Vice President, Corporate Controller Jeff O'Keefe - Vice President, Investor Relations Conference Call Participants Alan Ratner - Zelman Operator Good morning, and thank you for joining us today for Hovnanian Enterprises' Fiscal 2023 Fourth Quarter Earnings Conference Call. An archive for the webcast will be available after the completion of the call and run for 12 months.
- 12/05/2023
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Hovnanian Enterprises Reports Fiscal 2023 Fourth Quarter and Full Year Results
- $121 million of Quarterly Pretax Income Best in More Than 16 Years Net Contracts per Community Increased 66% Year-Over-Year Book Value Rose 80% Year-Over-Year to $73 per Share Refinanced Over $600 Million of Secured Debt, Extending Maturities Until the Fourth Quarters of 2028 and 2029, Including $114 Million of Bond Redemptions that Occurred after the Quarter End Total Liquidity Climbed to $564 Million, the Highest in More Than 14 Years Provided Guidance for a Significant Year-Over-Year Profit Increase in the First Quarter
- 12/05/2023
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Hovnanian Enterprises Announces Fiscal Year 2023 Earnings Release and Conference Call
- MATAWAN, N.J., Nov. 21, 2023 (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, 2023, the morning of Tuesday, December 5, 2023. The Company will webcast its fourth quarter earnings conference call at 11:00 a.m. (ET) on Tuesday, December 5, 2023.
- 11/21/2023
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K. Hovnanian️ Recognized with U.S. Department of Energy's Grand Award, Housing Innovation Award for Zero Energy Ready Homes
- K. Hovnanian Homes'® New Jersey Division was recently honored by the U.S. Department of Energy for achievements in energy-efficient new home construction.
- 10/26/2023
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Hovnanian Enterprises Receives Two U.S. Department Of Energy 2023 Awards For Building Energy Efficient Homes
- Built Most Zero Energy Ready Homes in United States Housing Innovation Award for Energy Efficiency
- 10/19/2023
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Hovnanian's Valuation, Ownership, And Debt Concerns: Is It A Viable Investment?
- Hovnanian Enterprises has demonstrated operational resilience despite rising mortgage rates, making it an attractive investment opportunity. HOV has a rich history in the U.S. homebuilding sector since 1959, offering diverse residential options and emphasizing customer experience. The Hovnanian family's control over the company and HOV's financial indebtedness are significant factors influencing its depressed stock price.
- 09/28/2023
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Hovnanian Enterprises to Present at Deutsche Bank's 31st Annual Leveraged Finance Conference
- RED BANK, N.J., Sept. 27, 2023 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, announced that senior management will be presenting at Deutsche Bank's 31st Annual Leveraged Finance Conference on Wednesday, October 4, 2023 at 11:00 a.m. ET.
- 09/27/2023
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Hovnanian Enterprises Announces Third Quarter Fiscal Year 2023 Earnings Release and Conference Call
- MATAWAN, N.J., Aug. 16, 2023 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, will release financial results for the third quarter ended July 31, 2023, the morning of Wednesday, August 30, 2023. The Company will webcast its third quarter earnings conference call at 11:00 a.m. (ET) on Wednesday, August 30, 2023.
- 08/16/2023
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Buy Homebuilder Hovnanian, It's Still A Solid Value Play
- Hovnanian's stock is still undervalued, with a fair value estimate at $120, despite doubling since my last article. The long-term outlook for homebuilders remains positive, with a significant housing shortage in the US and promising near-term signs. Hovnanian is a capable builder with a weak balance sheet, but its debt position is improving, and its capabilities as a builder support a higher valuation.
- 06/02/2023
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Hovnanian Enterprises, Inc. (HOV) Q2 2023 Earnings Call Transcript
- Hovnanian Enterprises, Inc. (NYSE:HOV ) Q2 2023 Earnings Conference Call May 31, 2023 11:00 AM ET Company Participants Jeff O'Keefe - Vice President, Investor Relations Ara Hovnanian - Chairman, President & Chief Executive Officer Larry Sorsby - Executive Vice President & Chief Financial Officer Brad O'Connor - Senior Vice President, Chief Accounting Officer & Treasurer Conference Call Participants Jesse Lederman - Zelman & Associates Jordan Hymowitz - Philadelphia Financial Management Alex Barron - Housing Research Center Operator Good morning and thank you for joining us today for Hovnanian Enterprises Fiscal 2023 Second Quarter Earnings Conference Call. An archive of the webcast will be available after the completion of the call and run for 12 months.
- 05/31/2023
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Hovnanian Enterprises Announces Second Quarter Fiscal Year 2023 Earnings Release and Conference Call
- MATAWAN, N.J., May 17, 2023 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, will release financial results for the second quarter ended April 30, 2023, the morning of Wednesday, May 31, 2023. The Company will webcast its second quarter earnings conference call at 11:00 a.m. (ET) on Wednesday, May 31, 2023.
- 05/17/2023
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Homebuilder Stocks Still The Place To Be; Two In Buy Zones And Two Set To Report Earnings
- Homebuilders remain a surprisingly strong sector as we head toward summer. New names have emerged and are in buy zones.
- 05/02/2023
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"Interpret, don't Predict" When it Comes to Home Builders.
- Amid a rising mortgage rate environment, home builders have flourished. Andrew Rocco breaks down why, and why the bull trend may continue.
- 02/27/2023
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Hovnanian Enterprises Announces First Quarter Fiscal Year 2023 Earnings Release and Conference Call
- MATAWAN, N.J., Feb. 14, 2023 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, will release financial results for the first quarter ended January 31, 2023 the morning of Tuesday, February 28, 2023. The Company will webcast its first quarter earnings conference call at 11:00 a.m. (ET) on Tuesday, February 28, 2023.
- 02/14/2023
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Hovnanian Enterprises: Home-Ageddon Is Upon It
- The homebuilders market is going to get worse before it gets better. The combination of rising interest and mortgage rates, and upcoming historically seasonal strength could be a crushing blow to Hovnanian Enterprises, Inc. if demand goes further to the downside.
- 12/21/2022
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Hovnanian Enterprises, Inc. (HOV) Q4 2022 Earnings Call Transcript
- Start Time: 11:00 January 1, 0000 12:02 PM ET Hovnanian Enterprises, Inc. (NYSE:HOV ) Q4 2022 Earnings Conference Call December 08, 2022, 11:00 AM ET Company Participants Ara Hovnanian - Chairman, President and CEO Larry Sorsby - EVP and CFO Brad O'Connor - SVP, Chief Accounting Officer and Treasurer Jeff O'Keefe - VP, IR Conference Call Participants Alan Ratner - Zelman & Associates Alex Barron - Housing Research Center Operator Good morning and thank you for joining us today for Hovnanian Enterprises Fiscal 2022 Fourth Quarter Earnings Conference Call. An archive of the webcast will be available after the completion of the call and run for 12 months.
- 12/08/2022
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Hovnanian Enterprises Announces Fiscal Year 2022 Earnings Release and Conference Call
- MATAWAN, N.J., Nov. 28, 2022 (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, 2022 the morning of Thursday, December 8, 2022. The Company will webcast its fourth quarter earnings conference call at 11:00 a.m. (ET) on Thursday, December 8, 2022.
- 11/28/2022
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Hovnanian Enterprises to Present at Deutsche Bank's 30th Annual Leveraged Finance Conference
- RED BANK, N.J., Sept. 15, 2022 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, announced that senior management will be participating in a fireside chat at Deutsche Bank's 30th Annual Leveraged Finance Conference on Tuesday, September 20, 2022 at 4:35 p.m. ET.
- 09/15/2022
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Homebuilder Hovnanian: Crazy Cheap, Trust The Data
- Housing remains in serious shortage. Hovnanian's near-term earnings and cash generation are guaranteed to be large.
- 09/06/2022
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Hovnanian Enterprises, Inc. (HOV) Q3 2022 Earnings Call Transcript
- Hovnanian Enterprises, Inc. (NYSE:HOV ) Q3 2022 Earnings Conference Call September 1, 2022 11:00 AM ET Company Participants Jeff O'Keefe - Vice President of Investor Relations Ara Hovnanian - Chairman, President, and Chief Executive Officer Larry Sorsby - Executive Vice President, and Chief Financial Officer Brad O'Connor - Senior Vice President, Chief Accounting Officer, and Treasurer Conference Call Participants Kwaku Abrokwah - Goldman Sachs Jesse Lederman - Zelman & Associates Operator Good morning and thank you for joining us today for Hovnanian Enterprises Fiscal 2022 Third Quarter Earnings Conference Call. An archive of the webcast will be available after the completion of the call and run for 12 months.
- 09/01/2022
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Hovnanian stock rallies after big profit rise, raised outlook even as home demand continues to slow
- Shares of Hovnanian Enterprises Inc. HOV, +2.37% leapt 3.2% in afternoon trading Thursday, to bounce off the previous session's 19-month closing low, after the home builder a big jump in fiscal third-quarter profit and lifted its full-year outlook, despite signs of a slowing housing market. Net income for the quarter to July 31 rose to $79.95 million, or $10.82 a share, from $47.70 million, or $6.72 a share, in the year-ago period.
- 09/01/2022
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Hovnanian Enterprises Announces Third Quarter Fiscal Year 2022 Earnings Release and Conference Call
- MATAWAN, N.J., Aug. 18, 2022 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, will release financial results for the third quarter ended July 31, 2022 the morning of Thursday, September 1, 2022. The Company will webcast its third quarter earnings conference call at 11:00 a.m. (ET) on Thursday, September 1, 2022.
- 08/18/2022
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Homebuilder stocks lead markets higher, travel stocks in the red
- Yahoo Finance's Jared Blikre joins the Live show to break down how stocks are trading as Fed Chair Powell continues to testify before Congress.
- 06/23/2022
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Homebuilder stocks fall as mortgage activity hits 22-year low: Mortgage Bankers Association
- Yahoo Finance's Emily McCormick reports on ScottsMiracle-Gro reducing the company outlook for sales and non-GAAP adjusted EPS, Roku stock moving higher on rumors the company may be an acquisition target for Netflix, plus the decline in homebuilder stocks falling as mortgage activity hits 22-year-low.
- 06/08/2022
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Buy Homebuilder Hovnanian. Under The Radar, And Under Suspicion
- This $56 stock should earn about $30 per share this year. That's a 2 P/E! I review the '06 housing meltdown, and how both the industry and Hovnanian are radically different today.
- 06/05/2022
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Hovnanian Enterprises, Inc. (HOV) CEO Ara Hovnanian on Q2 2022 Results - Earnings Call Transcript
- Hovnanian Enterprises, Inc. (NYSE:HOV ) Q2 2022 Results Conference Call June 1, 2022 11:00 AM ET Company Participants Jeff O'Keefe - VP, IR Ara Hovnanian - Chairman, President and CEO Larry Sorsby - EVP and CFO Brad O'Connor - SVP, Chief Accounting Officer and Treasurer Conference Call Participants Alan Ratner - Zelman & Associates Alex Barron - Housing Research Center Kwaku Abrokwah - Goldman Sachs Operator Good morning and thank you for joining us today for Hovnanian Enterprises Fiscal 2022 Second Quarter Earnings Conference Call. An archive of the webcast will be available after the completion of the call and run for 12 months.
- 06/01/2022
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Hovnanian stock surges toward 5th-straight gain after adjusted earnings triple, gross margin improves
- Shares of Hovnanian Enterprises Inc. HOV, +7.18% surged 6.4% toward a fifth-straight gain in morning trading Wednesday, after the home builder reported fiscal second-quarter earnings that more than tripled, when excluding the benefit of last year's valuation allowance reduction, and gross margin that improved by more than five percentage points. Net income for the quarter to April 30 was $59.8 million, or $8.39 a share, after income of $488.7 million, or $69.65 a share, in the year-ago period.
- 06/01/2022
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Hovnanian Enterprises Announces Second Quarter Fiscal Year 2022 Earnings Release and Conference Call
- MATAWAN, N.J., May 18, 2022 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, will release financial results for the second quarter ended April 30, 2022 the morning of Wednesday, June 1, 2022. The Company will webcast its second quarter earnings conference call at 11:00 a.m. (ET) on Wednesday, June 1, 2022.
- 05/18/2022
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Inflation fears don't matter to these consumers: Hovnanian Enterprises CEO
- Ara Hovnanian discusses inflation and the rise of housing materials on 'The Claman Countdown.' #FOXBusiness Subscribe to Fox Business!
- 03/05/2022
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Hovnanian Enterprises' (HOV) CEO Ara Hovnanian on Q1 2022 Results - Earnings Call Transcript
- Hovnanian Enterprises' (HOV) CEO Ara Hovnanian on Q1 2022 Results - Earnings Call Transcript
- 03/01/2022
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Hovnanian Enterprises Stock Slips Post Q1 Results, Reiterates Q2, FY22 Outlook
- Hovnanian Enterprises, Inc (NYSE: HOV) reported first-quarter FY22 revenue of $565.31 million, a decline of 1.6% year-over-year, and below its Q1 outlook for total revenues of $640 million - $670 million. Homebuilding gross margin, after the cost of sales interest expense and land.
- 03/01/2022
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5 Top-Rated Housing Stocks to Buy Now
- Housing stocks have outperformed most other industries over the course of the pandemic, even as homebuilders face headwinds from ongoing supply-chain issues and rising input costs. And while homebuilder stocks have taken their fare share of lumps in early 2022 along with the broader market, this may have created an opportunity to pick up some solid plays at more attractive prices.
- 02/23/2022
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Housing Industry Valuations. They Range From Insanely Cheap To Insanely Expensive
- The homebuilder and mortgage insurance stocks today sell at P/E ratios that are fractions of the S&P 500. Realtors retain high P/E ratios even after significant sell-offs. I review the assumptions investors are implicitly making about the housing market and argue that they are largely driven by emotion, not facts.
- 02/20/2022
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Hovnanian Enterprises Announces First Quarter Fiscal Year 2022 Earnings Release And Conference Call
- MATAWAN, N.J., Feb. 15, 2022 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, will release financial results for the first quarter ended January 31, 2022 the morning of Tuesday, March 1, 2022. The Company will webcast its first quarter earnings conference call at 11:00 a.m. (ET) on Tuesday, March 1, 2022.
- 02/15/2022
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Homebuilders Are Great Value Plays - Very Low Expectations Will Be Easily Exceeded
- I have previously recommended PulteGroup, M/I Homes and Hovnanian Enterprises. These stocks are selling in a remarkably low P/E range of 3.3 to 5.6. Further, Hovnanian and M/I Homes are selling well below liquidation value.
- 01/23/2022
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Who's Ready For Some 'Bob The Builder' Bargains?
- We all know the homebuilder sector is cyclical, yet shares remain cheap, most trading at single-digit multiples.
- 01/21/2022
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Timber REITs: Renewable Dividends
- Across the land, there are few better inflation hedges than land itself. Timber REITs own nearly 30 million acres of land, more acreage than the smallest U.S. five states combined. Truly an "organic growth" sector, Timber REITs - which were initially slammed at the outside of the pandemic - have come roaring back to life over the last twelve months.
- 12/10/2021
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Hovnanian Enterprises, Inc. (HOV) CEO Ara Hovnanian on Q4 2021 Results - Earnings Call Transcript
- Hovnanian Enterprises, Inc. (HOV) CEO Ara Hovnanian on Q4 2021 Results - Earnings Call Transcript
- 12/09/2021
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Hovnanian Enterprises Stock (HOV): Why The Price Jumped Today
- The stock price of Hovnanian Enterprises, Inc. (NYSE: HOV) increased by over 16% during intraday trading today. This is why it happened.
- 12/09/2021
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Hovnanian stock soars toward a 6-month high after profit, revenue and gross margin rise in latest quarter
- Shares of Hovnanian Enterprises Inc. HOV, +13.55% shot up 13% toward a six-month high in morning trading Thursday, after the home builder reported fiscal fourth-quarter profit, revenue and gross margin that all rose from a year ago as home deliveries increased. Net income for the quarter to Oct. 31 rose to $52.5 million, or $7.41 a share, from $40.6 million, or $5.54 a share, in the same period a year ago.
- 12/09/2021
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Homebuilder Hovnanian: The Lowest P/E On The NYSE
- I am bullish of the homebuilding industry demand and supply stories. Hovnanian remains a turnaround story from the '08-'11 housing crisis, but that turnaround now seems sustainable.
- 10/17/2021
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Hovnanian lowers fiscal 2021, Q4 guidance on supply-chain delays
- Shares of Hovnanian Enterprises Inc. HOV, +1.46% fell 3% in the extended session Tuesday after the home builder lowered its guidance for the full-year 2021 and the fourth quarter ending Oct. 31, saying it was "not immune to the same supply-chain delays that our peers have mentioned recently." Those snags "have been even more pronounced" in the month since its September fiscal third-quarter call, Chief Executive Ara K.
- 10/05/2021
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Hovnanian Enterprises Announces Revised Fourth Quarter and Fiscal Year 2021 Guidance
- MATAWAN, N.J., Oct. 05, 2021 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, today announced revised guidance for the fourth quarter and full year ended October 31, 2021. The Company is providing this information in advance of meetings with investors at an upcoming investor conference.
- 10/05/2021
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Hovnanian Enterprises To Present At The Deutsche Bank's 29th Annual Leveraged Finance Conference
- RED BANK, N.J., Sept. 29, 2021 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, announced that senior management will be presenting at Deutsche Bank's 29th Annual Leveraged Finance Conference (Virtual) on Wednesday, October 6, 2021 at 10:00 a.m. ET.
- 09/29/2021
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Hovnanian Enterprises, Inc. (HOV) CEO Ara Hovnanian on Q3 Fiscal 2021 Results - Earnings Call Transcript
- Hovnanian Enterprises, Inc. (HOV) CEO Ara Hovnanian on Q3 Fiscal 2021 Results - Earnings Call Transcript
- 09/09/2021
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Hovnanian Enterprises Shares Gain On Raised FY21 Outlook
- Hovnanian Enterprises, Inc. (NYSE: HOV) reported third-quarter sales growth of 10% year-over-year to $690.68 million. Homebuilding gross margin after the cost of sales interest expense and land charges increased 560 bps to 19.2%.
- 09/09/2021
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Hovnanian Enterprises Reports Fiscal 2021 Third Quarter Results
- Pretax Profit Increased 281% to $62 Million Gross Margin Percentage Increased 560 Basis Points Year-over-Year 42% Year-over-Year Increase in Consolidated Backlog Dollars to $1.75 Billion Paid Off $111 Million of Senior Secured Notes in the Third Quarter and an Additional $70 Million Early in the Fourth Quarter
- 09/09/2021
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Hovnanian Enterprises Announces Third Quarter Fiscal Year 2021 Earnings Release and Conference Call
- MATAWAN, N.J., Aug. 26, 2021 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, will release financial results for the third quarter ended July 31, 2021 the morning of Thursday, September 9, 2021. The Company will webcast its third quarter earnings conference call at 11:00 a.m. (ET) on Thursday, September 9, 2021.
- 08/26/2021
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Hovnanian Enterprises, Inc. (HOV) CEO Ara Hovnanian on Q2 2021 Results - Earnings Call Transcript
- Hovnanian Enterprises, Inc. (HOV) CEO Ara Hovnanian on Q2 2021 Results - Earnings Call Transcript
- 06/03/2021
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Hovnanian Enterprises Reports Fiscal 2021 Second Quarter Results
- 31% Year-over-Year Rise in Total Revenues Gross Margin Percentage Increased 360 Basis Points Year-over-Year 85% Year-over-Year Increase in Consolidated Backlog Dollars to $1.77 Billion Raised Full Year 2021 Profitability Guidance Issued Redemption Notice for Remaining Principal Amount of 10% Senior Secured Notes Due 2022
- 06/03/2021
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Hovnanian Enterprises Announces Second Quarter Fiscal Year 2021 Earnings Release and Conference Call
- MATAWAN, N.J., May 20, 2021 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, will release financial results for the second quarter ended April 30, 2021 the morning of Thursday, June 3, 2021. The Company will webcast its second quarter earnings conference call at 11:00 a.m. (ET) on Thursday, June 3, 2021.
- 05/20/2021
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HOV Stock Price Increased 33.18%: Why It Happened
- The stock price of Hovnanian Enterprises, Inc. (NYSE: HOV) increased by 33.18%. This is why it happened.
- 03/03/2021
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Hovnanian Enterprises, Inc. (HOV) CEO Ara Hovnanian on Q1 2021 Results - Earnings Call Transcript
- Hovnanian Enterprises, Inc. (HOV) CEO Ara Hovnanian on Q1 2021 Results - Earnings Call Transcript
- 03/02/2021
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Hovnanian Enterprises Reports Fiscal 2021 First Quarter Results
- $27 Million Year-over-Year Improvement in Pretax Income First Quarter Gross Margin Percentage Increased 440 Basis Points Year-over-Year 85% Year-over-Year Increase in Consolidated Backlog Dollars to $1.67 Billion 51% Year-over-Year Increase in Land and Land Development Spend
- 03/02/2021
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Hovnanian Enterprises Announces First Quarter Fiscal Year 2021 Earnings Release and Conference Call
- MATAWAN, N.J., Feb. 16, 2021 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, will release financial results for the first quarter ended January 31, 2021 the morning of Tuesday, March 2, 2021. The Company will webcast its first quarter earnings conference call at 11:00 a.m. (ET) on Tuesday, March 2, 2021.
- 02/16/2021
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Homebuilders Beauty Contest: Building A Shortlist - Part 1
- We do a homebuilder beauty contest because finding the right company to invest for the long term is more important than "timing the market". We shortlist 5 companies from leading homebuilders for both Blue-Chip and Growth categories.
- 12/14/2020
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Hovnanian Enterprises, Inc. (HOV) CEO Ara Hovnanian on Q4 2020 Results - Earnings Call Transcript
- Hovnanian Enterprises, Inc. (HOV) CEO Ara Hovnanian on Q4 2020 Results - Earnings Call Transcript
- 12/09/2020
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Hovnanian Enterprises Reports Fiscal 2020 Fourth Quarter and Full Year Results
- Fourth Quarter Gross Margin I ncreased 290 B asis P oints $ 9 5 Mil lion Year-over-Year Improvement in Fiscal 2020 Pretax Income 61% Year-over-Year Increase in Consolidated Backlog Dollars at Year End to $1.42 Billion Fourth Quarter Consolidated Contracts per Community Improved 74% Year-over-Year
- 12/09/2020
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Hovnanian Enterprises Announces Fiscal Year 2020 Earnings Release and Conference Call
- MATAWAN, N.J., Nov. 30, 2020 (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, 2020 the morning of Wednesday, December 9, 2020. The Company will webcast its fourth quarter earnings conference call at 11:00 a.m. (ET) on Wednesday, December 9, 2020.
- 11/30/2020
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16 stocks — from Adobe to Home Depot to Zillow — to help you tap into the housing boom
- Fund managers are betting on a range of companies as the U.S. housing market gets even hotter.
- 10/06/2020
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Hovnanian Enterprises, Inc. (HOV) CEO Ara Hovnanian on Q3 2020 Results - Earnings Call Transcript
- Hovnanian Enterprises, Inc. (NYSE:HOV) Q3 2020 Results Earnings Conference Call September 03, 2020, 11:00 AM ET Company Participants Jeffrey O'Keefe - Vice President, Investor Relations Ara Hovnanian - Chairman, President and Chief Executive Officer Larry Sorsby - Executive Vice President and Chief Financial Officer Brad O'Connor - Senior Vice President, Chief Accounting Officer and Treasurer.
- 09/03/2020
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Hovnanian Enterprises, Inc. 2020 Q3 - Results - Earnings Call Presentation
- The following slide deck was published by Hovnanian Enterprises, Inc. in conjunction with their 2020 Q3 earnings call..
- 09/03/2020
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Hovnanian Enterprises Announces Third Quarter Fiscal Year 2020 Earnings Release and Conference Call
- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, will release financial results for the third quarter ended July 31, 2020 the morning of
- 08/20/2020
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Dow Achieves 2,033-Point Rally In Q3 So Far; Are Gold Stocks Hitting New Buy Points?
- Shares in the fast-growing homebuilder rallied nearly 5% to 114.52, taking back a lot of its pullback since reaching a new high of 123.94 two weeks ago.
- 08/17/2020
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Here's What To Make Of Hovnanian Enterprises' (NYSE:HOV) Returns On Capital
- Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Amongst other...
- 07/23/2020
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5 reasons why the housing market has recovered from COVID-19: BofA
- The U.S. housing market has emerged from the COVID-19 pandemic quickly thanks to record low interest rates and four other factors, according to BofA Global Research.
- 07/22/2020
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Hovnanian Enterprises : K. Hovnanian® to Open Aspire at Waterstone, a New Community of Affordable Homes with Resort-Style Amenities in the Treasure Coast | MarketScreener
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K. Hovnanian® to Open Aspire at Waterstone, a New Community of Affordable Homes with Resort-Style Amenities in the Treasure Coast
- K. Hovnanian® to Open Aspire at Waterstone, a New Community of Single-Family Homes in the Treasure Coast of Florida from the $200s
- 07/17/2020
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K. Hovnanian® to Open Aspire at Waterstone, a New Community of Affordable Homes with Resort-Style Amenities in the Treasure Coast
- K. Hovnanian® to Open Aspire at Waterstone, a New Community of Single-Family Homes in the Treasure Coast of Florida from the $200s
- 07/17/2020
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Cross-Sector: Market Data Highlights
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Wall Street stocks claw back a chunk of last week's losses
- Stocks shrugged off a wobbly start to finish solidly higher on Wall Street Monday, as the market clawed back half its losses from last week.
The S&P 500 rose 1.5% after having been down 0.3%. The market rallied after a much healthier-than-expected report on the housing market put investors in a buying mood. Technology, industrial and communications stocks accounted for much of the market's broad gains. European stocks also closed higher. Treasury yields were mixed and oil prices rose.
Gains for Boeing and Apple in particular helped to lift Wall Street indexes. Boeing jumped 14.4%, its best day in more than two months. The company's troubled 737 Max jet looks set to begin test flights soon. Apple added 2.3% as customers keep buying its products regardless of whether they're quarantined.
The pickup in U.S. stocks after a weekly loss marks the latest choppy move for markets around the world, which have been swinging back and forth in recent weeks as investors balance hope for a relatively quick economic rebound as more businesses reopen against worry as an increase in confirmed new coronavirus cases forces some businesses to close their doors again.
"It's just another day of normal volatility, its unfortunately what we're living with now," said Mark Litzerman, head of global portfolio management at Wells Fargo Investment Institute. "It tends to be this tug of war between better economic data coming through versus a rise in cases."
The S&P 500 gained 44.19 points to 3,053.24. The Dow Jones Industrial Average rose 580.25 points, or 2.3%, to 25,595.80. The Nasdaq composite added 116.93 points, or 1.2%, to 9,874.15.
Stocks of smaller companies also jumped more than the rest of the market, which often happens when investors are feeling more optimistic about the economy. The Russell 2000 index of...
- 06/29/2020
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Hovnanian Enterprises (NYSE:HOV) Share Price Passes Above 200 Day Moving Average of $19.00
- Hovnanian Enterprises, Inc. (NYSE:HOV)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $19.00 and traded as high as $22.81. Hovnanian Enterprises shares last traded at $22.00, with a volume of 148,657 shares. The company has a market cap of $135.07 million, a […]
- 06/26/2020
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LGI Homes Will Sell The 'Home' In 'Work-From-Home'
- We cut our Buy recommendation on LGI Homes (LGIH) to Hold due to the lift in multiples alongside economic and COVID 19 risks rising. First quarter earnings were
- 06/24/2020
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Mortgage Market Sends Wrong Message - BNN Bloomberg
- Applications for loans to buy homes may be surging, but the availability of such credit is tumbling.
- 06/17/2020
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Mortgage Market Sends Wrong Message
- (Bloomberg Opinion) -- The Covid-19 pandemic arrested the plans of millions of Americans to purchase a home. But what if you lock someone down in a home they had already mentally moved out of? Might they pour their energy into touring homes online to produce a short list of targets? And might they get preapproved for a mortgage so it’s a simple matter of income verification once the economy reopened and they’d submitted an offer on a home?Of course they would, which helps explain the huge surge in the Mortgage Bankers Association of America’s index tracking applications for loans to buy homes. That gauge has risen for nine straight weeks to reach its highest level since the start of 2009, which defies logic when you consider that more than 44 million Americans have filed for unemployment benefits since mid-March. No doubt that some of this is tied to the minor exodus from densely populated cities. After all, long commutes are less of an issue now that we’ve seen the efficacy of working from home play out in real time.But don’t let mortgage applications fool you. Entering into a deal to buy a home now could prove unwise. Much of the real estate market remains in a deep freeze, with listings down nationwide and borrowers struggling to meet debt payments. Black Knight Inc. reports that 4.73 million mortgages, or 8.9% nationwide, are in forbearance. “During the Great Recession, it took more than two years for the national delinquency rate to increase by the 3.1% seen in April 2020 alone,” Black Knight noted in a report.Including the emergency programs in the CARES Act, 29.5 million Americans are receiving unemployment benefits, up from 1.7 million in early March before the Covid-19 pandemic took hold. The extra $600 a week many are receiving from the government is set to end July 31. Fresh data from the Federal Reserve showed that Americans’ net worth fell by a record $6.55 trillion in the first quarter to $100.8 trillion, the largest drop in records back to 1952.Lenders know all this. Which explains why the MBA’s Mortgage Credit Availability Index has tumbled to a six-year low. Tighter lending standards applied at both ends of the spectrum, from first-time buyers to conforming and non-conforming jumbo loans. Several lenders including Wells Fargo & Co., which is planning job cuts of its own, have shuttered their jumbo loan lending operations and pulled back on home equity lines of credit. Tellingly, homebuilder Hovnanian Enterprises Inc. has announced job cuts with the aim of reducing overhead and other costs by $20 million, which is not what one would expect if the housing outlook was bright.The elevated number of weekly initial jobless claims are starting to capture a second, potentially more damaging wave of layoffs. A recent study by Bloomberg Economics found that close to six million white-collar jobs are at risk, many in high paying professional services, finance and real estate. A subsequent study found 30% of workers who lost jobs between February and May will become permanent job losses stemming from demand destruction.A dearth of home supply has buoyed prices for years, a phenomenon that grew exponentially as listings were pulled in the wake of shelter-in-place orders. According to Realtor.com, listings were down by 30% in early May over the prior year. They are still down a hefty 21% and are unlikely to shrink much further. And if they expand, it may be due to millions of retirees deciding to list their homes and monetize any wealthy they have built up.This will pinch the construction of high-end homes, which has boomed the past decade, putting a drag on the economy. Housing accounted for 15% of gross domestic product in 2018, including residential fixed investment and spending on housing services.In a first glimpse of what’s to come, Realtor.com on Thursday released a fresh index gauging the recovery of the housing market. While activity was brisk in cities crawling out of shutdown mode, those that reopened the earliest such as Houston, Phoenix and Tampa have all seen their readings come off their post-reopening highs.The smart and patient buyers see what’s happening. They know to wait until forbearance expires and increasingly tight mortgage lending standards wash out the eager but unqualified. They know that the pent-up demand will be satisfied and that the artificial dearth of supply will become robust, which will pressure prices lower.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Danielle DiMartino Booth, a former adviser to the president of the Dallas Fed, is the author of "Fed Up: An Insider's Take on Why the Federal Reserve Is Bad for America," and founder of Quill Intelligence.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 06/17/2020
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Kings of Controversial Debt Trades Cry Foul When on Other Side - BNN Bloomberg
- Apollo Global Management Inc. and Angelo Gordon & Co.’s Ryan Mollett are renowned on Wall Street for finding creative ways to wring money from distressed companies at the expense of other lenders.
- 06/16/2020
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Severe impact to housing supply this year due to Covid
- A new report on the housing market shows that while restrictions imposed to halt the spread of Covid-19 will have a huge impact on housing supply this year, demand may be more resilient amongst borrowers on typical home buyer incomes.
- 06/16/2020
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Hovnanian Enterprises, Inc. (HOV): Hedge Funds Cashing Out
- In this article you are going to find out whether hedge funds think Hovnanian Enterprises, Inc. (NYSE:HOV) is a good investment right now. We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus picks […]
- 06/10/2020
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77 Biggest Movers From Yesterday
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Edited Transcript of HOV earnings conference call or presentation 4-Jun-20 3:00pm GMT
- Q2 2020 Hovnanian Enterprises Inc Earnings Call
- 06/05/2020
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Hovnanian Enterprises, Inc. Rises 23.33% on Heavy Volume: Watch For Potential Pullback
- Jun 04, 2020 (SmarTrend(R) News Watch via COMTEX) --
Hovnanian Enterprises, Inc. (:HOV) traded in a range yesterday that spanned from a low of $17.50 to a...
- 06/04/2020
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Hovnanian Enterprises, Inc. (HOV) CEO Ara Hovnanian on Q2 2020 Results - Earnings Call Transcript
- Hovnanian Enterprises, Inc. (NYSE:HOV) Q2 2020 Earnings Conference Call June 4, 2020 11:00 AM ET Company Participants Jeffrey O'Keefe - Vice President, Investor
- 06/04/2020
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60 Stocks Moving In Thursday's Mid-Day Session
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UPDATE: Hovnanian Enterprises Q2 EPS $(2.56) Down From $(2.30) YoY, Sales $440.70M Miss $494.06M Estimate
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Hovnanian Enterprises Q2 Sales $440.70M Miss $494.06M Estimate
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Hovnanian Enterprises Reports Fiscal 2020 Second Quarter Results
- 22% Year-over-Year Increase in Total Revenues120 Basis Point Year-over-Year Improvement in Gross Margin PercentageConsolidated Contracts per Community Grew 8% Year-over-Year.
- 06/04/2020
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Party City Still Has A Lot Of Work Left To Do (NYSE:PRTY)
- PRTY stock soared on Friday as the company floated an exchange offer that would reduce its debt. But even assuming that offer is accepted, the balance sheet rem
- 06/01/2020
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Homebuilders Surge on Encouraging New Home Sales Data
- Investors snap up shares in PulteGroup, KB Home and other builders after a modest bump up in April sales of new homes.
- 05/26/2020
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Existing home sales tumble 17.8% in April
- Tim Rood, Former Fannie Mae Executive and SitusAMC Managing Director, joins Yahoo Finance’s Seana Smith to break down April existing home sales data.
- 05/21/2020
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Hovnanian Enterprises Announces Second Quarter Fiscal Year 2020 Earnings Release and Conference Call
- MATAWAN, N.J., May 21, 2020 -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, will release financial results for the second quarter ended April 30,.
- 05/21/2020
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Who Could Win, Lose As US Homebuilding Starts Decline: Home Depot 'Performing Well' During Coronavirus Crisis
- The coronavirus capped groundbreaking on U.S. homebuilding projects at a five-year low for the month of April, according to a Tuesday report from the Commerce Department.
“...
- 05/19/2020
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"The bottom is here" for the housing market: Zillow Economist
- Zillow forecasts that home sales may fall as much as 60% through the end of this year, before rebounding by the end of 2021. Zillow Senior Principal Economist Skylar Olsen joins Seana Smith to discuss.
- 05/04/2020
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Bank of New York Mellon Corp Takes Position in Hovnanian Enterprises, Inc. (NYSE:HOV)
- Bank of New York Mellon Corp acquired a new stake in shares of Hovnanian Enterprises, Inc. (NYSE:HOV) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 10,421 shares of the construction company’s stock, valued at approximately $217,000. Bank of New York Mellon Corp owned about 0.17% of […]
- 05/01/2020
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82 Biggest Movers From Yesterday
- Gainers
Syndax Pharmaceuticals, Inc. (NASDAQ: SNDX) shares climbed 69.4% to close at $19.50 on Tuesday after the company presented positive preclinical and initial clinical data...
- 04/29/2020
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Homebuilders move up after D.R. Horton sees rise in weekly sales
- Other homebuilders move up along with D.R. Horton (DHI +7.8%) as it turned in better-than-expected fiscal Q2 results and observes an upturn in weekly sales for the most recent two weeks compared with
- 04/28/2020
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K. Hovnanian® Homes to Open Five New Residential Communities in Central Valley, CA
- K. Hovnanian Homes is proud to announce five new and affordable residential communities in California's beautiful Central Valley.
- 04/14/2020
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K. Hovnanian® Homes to Open Five New Residential Communities in Central Valley, CA
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86 Biggest Movers From Yesterday
- Gainers
Moleculin Biotech Inc (NASDAQ: MBRX) shares jumped 125.7% to close at $1.27 on Wednesday after it said that independent research found 2-deoxy-D-glucose (2-DG)to reduce...
- 04/09/2020
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Retirement Strategy: Nice Relief Rally, But I Don't Trust It At All
- I've seen relief rallies off of a collapse, and this one is no different. Consider selling into the rally rather than loading up. This pandemic will probably be
- 04/08/2020
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How mortgage relief measures are helping homeowners amid coronavirus
- Former Fannie Mae Executive and SitusAMC Managing Director Tim Rood joins Yahoo Finance’s Seana Smith to discuss how homeowners should use mortgage relief measures amid the coronavirus outbreak.
- 04/06/2020
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Home price growth accelerated at the start of 2020 before coronavirus slammed the US
- Standard & Poor’s said Tuesday that its S&P; CoreLogic Case-Shiller national home price index rose for the sixth straight month but it's unclear what direction home prices will go due to CoVID-19.
- 03/31/2020
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Edited Transcript of HOV earnings conference call or presentation 5-Mar-20 4:00pm GMT
- Q1 2020 Hovnanian Enterprises Inc Earnings Call
- 03/28/2020
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120 Biggest Movers From Yesterday
- Gainers
U.S. Gold Corp. (NASDAQ: USAU) shares surged 122.9% to close at $7.40 on Tuesday. U.S. Gold reported updated Copper King economics showing NPV of $321.6 million and IRR...
- 03/25/2020
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75 Stocks Moving In Tuesday's Mid-Day Session
- Gainers
ThermoGenesis Holdings, Inc. (NASDAQ: THMO) shares jumped 88% to $4.34 after the company reported year-end 2019 results and issued corporate update.
U.S. Gold Corp. (...
- 03/24/2020
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111 Biggest Movers From Yesterday
- Gainers
Guess?, Inc. (NYSE: GES) shares jumped 124.5% to close at $8.80 on Thursday after the company reported better-than-expected Q4 earnings.
Designer Brands Inc. (NYSE: DBI)...
- 03/20/2020
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92 Stocks Moving In Thursday's Mid-Day Session
- Gainers
Guess?, Inc. (NYSE: GES) rose 91.3% to $7.50 after the company reported better-than-expected Q4 earnings.
Chanticleer Holdings, Inc. (NASDAQ: BURG) shares jumped 74.3% to...
- 03/19/2020
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110 Biggest Movers From Yesterday
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95 Stocks Moving In Monday's Mid-Day Session
- Gainers
OpGen, Inc. (NASDAQ: OPGN) shares climbed 143% to $4.88 after OpGen announced Curetis, a company it is acquiring, is now offering coronavirus test kits.
BioNTech SE (...
- 03/16/2020
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US Stock Market Weekly Update March 9 - March 13, 2020
- US stocks had a week of historic losses as worries deepened about the impact of the coronavirus outbreak, and its negative effects on global economy, pushing the major indexes into bear market territory.
- 03/15/2020
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US Stock Market Weekly Update March 9 - March 13, 2020
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136 Biggest Movers From Yesterday
- Gainers
Ranger Energy Services, Inc. (NYSE: RNGR) shares rose 44.8% to close at $4.46 on Thursday.
Ampco-Pittsburgh Corporation (NYSE: AP) shares surged 35.6% to close at $3.20...
- 03/13/2020
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90 Stocks Moving In Thursday's Mid-Day Session
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108 Biggest Movers From Yesterday
- Gainers
Cypress Semiconductor Corporation (NASDAQ: CY) shares jumped 48.9% to close at $22.75 on Tuesday after the company received clearance from the Committee on Foreign...
- 03/11/2020
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78 Stocks Moving In Wednesday's Mid-Day Session
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20 Consumer Cyclical Stocks Moving In Tuesday's Session
- Gainers
• At Home Group, Inc. (NYSE:HOME) shares moved upwards by 16.14% to $3.67 during Tuesday's regular session.
• Travelzoo, Inc. (NASDAQ:TZOO) stock surged 13....
- 03/10/2020
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82 Stocks Moving In Tuesday's Mid-Day Session
- Gainers
Cypress Semiconductor Corporation (NASDAQ: CY) climbed 45.8% to $22.28 after the company received clearance from the Committee on Foreign Investment in the United States...
- 03/10/2020
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Investors Who Bought Hovnanian Enterprises (NYSE:HOV) Shares Five Years Ago Are Now Down 77%
- Some stocks are best avoided. We don't wish catastrophic capital loss on anyone. Spare a thought for those who held...
- 03/10/2020
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Hovnanian Enterprises Reports Fiscal 2020 First Quarter Results
- 30% Year-over-Year Increase in Total RevenuesConsolidated Contracts Grew 42% Year-over-Year MATAWAN, N.J., March 05, 2020 -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading.
- 03/05/2020
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Hovnanian Enterprises Q1 EPS $(1.49) Up From $(2.93) YoY, Sales $494.056M Beat $446M Estimate
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Fixed-Rate Preferred Stocks - Complete Review
- We'll take a look at the main indicators that we follow and their behavior during the last month. All the preferred stocks are sorted in categories. What has ch
- 03/04/2020
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80 Biggest Movers From Yesterday
- Gainers
Nemaura Medical Inc. (NASDAQ: NMRD) shares jumped 77.4% to close at $5.80 on Tuesday.
Cocrystal Pharma Inc (NASDAQ: COCP) shares surged 64.7% to close at $2.19 on...
- 02/26/2020
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US home price growth picks up for fifth consecutive month
- Standard & Poor’s said Tuesday that its S&P; CoreLogic Case-Shiller national home price index posted a 3.8% annual gain in December, up from 3.5% a month earlier and the fifth month of home price growth acceleration.
- 02/25/2020
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Hovnanian Enterprises Announces First Quarter Fiscal Year 2020 Earnings Release and Conference Call
- MATAWAN, N.J., Feb. 20, 2020 -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, will release financial results for the first quarter ended January 31,.
- 02/20/2020
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Hovnanian Enterprises Announces First Quarter Fiscal Year —…—… Earnings Release and ...
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Auto-cures casts shadow over private debt market
- A provision that loosens restrictions on a private equity-owned company’s ability to remedy an event of default is raising concerns among many in the private debt market. It is an addition to documentation highlighting the continued weakening of lenders’ protections. Auto-cures allow private equity
- 02/19/2020
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94 Biggest Movers From Yesterday
- Gainers
Rexahn Pharmaceuticals, Inc. (NASDAQ: REXN) shares gained 78.5% to close at $3.66 after the company announced a license agreement with Zhejiang HaiChang Biotechnology....
- 02/12/2020
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5 Growth Stocks That Are as Hot as Tesla
- While the record rally in Tesla stock has garnered all the attention over the past six months, these growth stocks have been just as hot.
- 02/07/2020
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K. Hovnanian Enterprises, Inc. -- Moody's assigns Caa1 rating to Hovnanian's secured notes due 2026, affirms Caa2 CFR; outlook stable
- Moody's Investors Service (Moody's) assigned a Caa1 rating to K. Hovnanian Enterprises, Inc.'s 7.75% 1.125 lien senior secured notes due 2026 and 10.5% 1.25 lien senior secured notes due 2026. At the same time Moody's affirmed Hovnanian Enterprises, Inc.'s (Hovnanian) Corporate Family Rating at Caa2, Probability of Default Rating at Caa2-PD, the rating on its preferred stock at Ca, and ratings on K. Hovnanian Enterprises, Inc.'s second lien senior secured notes at Caa3, and senior unsecured debt at Caa3.
- 02/07/2020
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Fixed-Rate Preferred Stocks - Complete Review
- We'll take a look at the main indicators that we follow and their behavior during the last month. All the preferred stocks are sorted in categories. What has ch
- 02/05/2020
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82 Biggest Movers From Friday
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Stocks That Hit 52-Week Highs On Friday
- Before 10 a.m. ET Friday, 350 stocks made new 52-week highs.
Noteables:
The largest company by market cap to hit a new 52-week high was Apple (NASDAQ: AAPL).
The smallest company...
- 01/24/2020
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Home Sales Near 2-Year High Despite Supply Woes: 5 Picks
- The housing space looks attractive as existing home sales have improved from the prior months amid record low inventory level.
- 01/23/2020
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Home Sales Near 2-Year High Despite Supply Woes: 5 Picks
- The housing space looks attractive as existing home sales have improved from the prior months amid record low inventory level.
- 01/23/2020
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Home Sales Near 2-Year High Despite Supply Woes: 5 Picks
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New construction of U.S. homes rose to its highest point since 2006
- The strength of the job market and low mortgage rates are supporting existing home sales in 2020. Realtor.com Sr. Economist George Ratiu joins On The Move to discuss the scarcity of affordable housing and what else can be expected from the housing market in 2020.
- 01/17/2020
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Is Hovnanian Enterprises, Inc. (NYSE:HOV) Excessively Paying Its CEO?
- In 1997 Ara Hovnanian was appointed CEO of Hovnanian Enterprises, Inc. (NYSE:HOV). This analysis aims first to...
- 01/10/2020
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Is Hovnanian Enterprises, Inc. (HOV) A Good Stock To Buy?
- As we already know from media reports and hedge fund investor letters, hedge funds delivered their best returns in a decade. Most investors who decided to stick with hedge funds after a rough 2018 recouped their losses by the end of the third quarter. We get to see hedge funds' thoughts towards the market and […]
- 12/17/2019
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58 Biggest Movers From Friday
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Bull of the Day: PulteGroup (PHM)
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74 Biggest Movers From Friday
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Buckingham Maintains Neutral on Hovnanian Enterprises, Raises Price Target to $27
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50 Stocks Moving In Thursday's Mid-Day Session
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K. Hovnanian Enterprises, Inc. Announces Amendments To Exchange Offers And Consent Solicitations
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Hovnanian extends maturities on $700M of debt
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Lucas Capital Management Buys Health Care Select Sector SPDR Fund, Lakeland Bancorp Inc, ...
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48 Biggest Movers From Yesterday
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NF Energy Saving and Loma Negra Compania among Industrial gainers; Ideal Power and Hovnanian Enterprises among losers
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Hovanian Enterprises: Time To Take Profits
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Buckingham Maintains Neutral on Hovnanian Enterprises, Raises Price Target to $24
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42 Biggest Movers From Yesterday
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Stock Charts to Watch - Tuesday, October 8
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Small Caps Win in September: 5 Best ETFs & Stocks
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55 Biggest Movers From Yesterday
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84 Biggest Movers From Yesterday
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64 Biggest Movers From Friday
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86 Biggest Movers From Yesterday
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Hovnanian Enterprises Q3 EPS $(1.27) May Not Compare To $(0.06) Estimate, Sales $482M Beat $462M Estimate
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Hovnanian Enterprises Q3 Earnings Preview
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65 Biggest Movers From Friday
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50 Biggest Movers From Yesterday
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30 Stocks Moving In Monday's Mid-Day Session
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60 Biggest Movers From Yesterday
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38 Stocks Moving In Wednesday's Mid-Day Session
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72 Biggest Movers From Yesterday
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Stocks That Hit 52-Week Lows Of Monday
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Hedge funds' shady deals spark pushback from regulators
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New 52-Week Lows For Monday Morning
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62 Biggest Movers From Friday
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45 Stocks Moving In Friday's Mid-Day Session
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50 Stocks Moving In Thursday's Mid-Day Session
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60 Biggest Movers From Yesterday
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Shares of most homebuilding stocks are trading lower following Q2 results and gross margin guidance from PulteGroup.
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Aspen Aerogels leads Energy/Materials gainers; Coda Octopus Group and Hovnanian Enterprises only losers
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58 Biggest Movers From Yesterday
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Hovnanian Enterprises Receives Continued Listing Standard Notice from NYSE
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Hovnanian Enterprises, Inc. (HOV) Shares March Higher, Can It Continue?
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60 Biggest Movers From Yesterday
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Hovnanian Enterprises and American Superconductor among industrial gainers; Cemtrex leads the losers
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40 Stocks Moving In Tuesday's Mid-Day Session
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35 Stocks Moving In Friday's Mid-Day Session
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Hovnanian earnings Q2 2019 | AlphaStreet
- Hovnanian Enterprises Inc. (NYSE: HOV) missed earnings estimates for the second quarter of 2019 while revenues were in line with expectations.
- 06/06/2019
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Hovnanian Enterprises Q2 EPS $(2.56) Misses $(1.77) Estimate, Sales $440.691M Miss $441M Estimate
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Hovnanian Enterprises Q2 Earnings Preview
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65 Biggest Movers From Yesterday
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55 Biggest Movers From Yesterday
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Hudson Technologies and Skyline Champion among industrial gainers; Hovnanian Enterprises leads the losers
- No summary available.
- 05/22/2019
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Ocean Power Technologies and Hydrogenics in industrial gainers; Hovnanian Enterprises among the losers
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Recent Analysis Shows Callon Petroleum, MoSys, Microvision, L.B. Foster, R.R. ...
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58 Biggest Movers From Yesterday
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46 Stocks Moving In Monday's Mid-Day Session
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Hovnanian Enterprises Reports Completion Of 1-For-25 Reverse Stock Split
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Shares of several homebuilding companies are trading higher after earnings reports from KB Home and Lennar.
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Freddie Mac's Mar. Forecast Report Shows Lower-Than-Expected Mortgage Rates, House Price Moderation Will Help Spring Homebuilding
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Hovnanian Enterprises Q1 EPS $(0.12) vs $(0.10) Estimate, Sales $380.6M vs $385M Est.
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Hovnanian Q1 2019 Earnings Preview
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Hovnanian: A Beleaguered Builder Focusing On ROIC
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Hovnanian Reports Received Continued Listing Standard Notice From NYSE Related To $1/Share Minimum Bid Price Requirement; Co. Approved Amendments To Allow Co. To Do Reverse Stock Split
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Stocks Which Set New 52-Week Low Yesterday, Thurs., Dec. 13, 2018
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Market Trends Toward New Normal in CME Group, Ambac Financial Group, Erie Indemnity, FuelCell ...
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Hovnanian Enterprises Q4 EPS $0.29 Beats $0.19 Est., Sales $614.81M Beat $638.8M Est.
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Stocks Which Set New 52-Week Low Yesterday, Mon., Dec. 3, 2018
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Hovnanian Enterprises Announces Fiscal Year —…–8 Earnings Release and Conference Call
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Stocks Which Set New 52-Week Low Yesterday, Wed., Nov. 14, 2018
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Stocks Which Set New 52-Week Low Yesterday, October 23rd
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Stocks Which Set New 52-Week Low Yesterday, October 22nd
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JMP Securities Upgrades Hovnanian Enterprises to Market Perform, Removes $1.30 Price Target
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Stocks Which Set New 52-Week Low Friday, October 5th
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Hovnanian Enterprises, Inc. (HOV) CEO Ara Hovnanian on Fiscal Q3 2018 Results - Earnings Call Transcript
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