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Hovnanian Enterprises Inc. (HOV) Stock Forecast & Price Prediction

Live HOV Stock Price & Analysis

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$135.77

+1.77 (1.32%)

12 Month Price Forecast For HOV

$135.77
Current Price
$791.43M
Market Cap
1 Ratings
Buy 0
Hold 1
Sell 0
Wall St Analyst Ratings

Distance to HOV Price Forecasts

+14.2%
To High Target of $155.00
+14.2%
To Median Target of $155.00
+14.2%
To Low Target of $155.00

HOV Price Momentum

+3.3%
1 Week Change
-3.4%
1 Month Change
-15.5%
1 Year Change
+1.5%
Year-to-Date Change
-43.5%
From 52W High of $240.34
+17.1%
From 52W Low of $115.90

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Disclaimer: The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.

Data last updated: February 16, 2025 4:01 AM UTC

HOV Analyst Ratings & Price Targets

Based on our analysis of 3 Wall Street analysts, HOV has a neutral consensus with a median price target of $155.00 (ranging from $155.00 to $155.00). Currently trading at $135.77, the median forecast implies a 14.2% upside. This outlook is supported by 0 Buy, 1 Hold, and 0 Sell ratings.

The most optimistic forecast comes from Jay McCanless at Wedbush, projecting a 14.2% upside. Conversely, the most conservative target is provided by Jay McCanless at Wedbush, suggesting a 14.2% upside.

Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.

HOV Analyst Consensus

0
Buy
1
Hold
0
Sell

HOV Price Target Range

Low
$155.00
Average
$155.00
High
$155.00
Current: $135.77

Latest HOV Stock Forecasts by Analyst

These are the latest 20 analyst ratings and price targets for HOV.

Date Firm Analyst Rating Change Price Target
Feb 12, 2025 Zelman & Assoc Jesse Lederman Underperform Downgrade $0.00
Dec 16, 2024 Wedbush Jay McCanless Neutral Initiates $155.00
May 23, 2024 Zelman & Assoc Jesse Lederman Neutral Upgrade $155.00
Apr 12, 2024 Zelman & Assoc Underperform Downgrade $0.00
Nov 25, 2020 Buckingham Neutral Maintains $0.00
Nov 25, 2020 Deutsche Bank Hold Maintains $0.00
Nov 25, 2020 UBS Buy Maintains $0.00
Nov 25, 2020 MKM Partners Sell Downgrade $0.00
Nov 25, 2020 Compass Point Neutral Maintains $0.00
Nov 25, 2020 JP Morgan Neutral Maintains $0.00
Nov 25, 2020 JMP Securities Market Perform Upgrade $0.00
Nov 25, 2020 FBN Securities Underperform Downgrade $0.00
Nov 25, 2020 Credit Suisse Underperform Maintains $0.00
Dec 6, 2019 Buckingham Neutral Maintains $0.00
Dec 6, 2019 Buckingham Research Neutral Maintains $27.00
Oct 11, 2019 Buckingham Research Neutral Maintains $24.00
Oct 11, 2019 Buckingham Neutral Maintains $0.00
Oct 9, 2018 JMP Securities Market Perform Upgrade $0.00
Dec 22, 2017 MKM Partners Sell Downgrade $0.00
Jan 12, 2017 JMP Securities Market Underperform Downgrade $0.00

Stocks Similar to Hovnanian Enterprises Inc.

The following stocks are similar to Hovnanian Enterprises based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.

Hovnanian Enterprises Inc. (HOV) Financial Data

Hovnanian Enterprises Inc. has a market capitalization of $791.43M with a P/E ratio of 4.2x. The company generates $3.00B in trailing twelve-month revenue with a 8.1% profit margin.

Revenue growth is +10.4% quarter-over-quarter, while maintaining an operating margin of +11.8% and return on equity of +35.0%.

Valuation Metrics

Market Cap $791.43M
Enterprise Value $1.90B
P/E Ratio 4.2x
PEG Ratio 188.6x
Price/Sales 0.3x

Growth & Margins

Revenue Growth (YoY) +10.4%
Gross Margin +20.0%
Operating Margin +11.8%
Net Margin +8.1%
EPS Growth -3.0%

Financial Health

Cash/Price Ratio +25.5%
Current Ratio 3.8x
Debt/Equity 143.6x
ROE +35.0%
ROA +6.4%

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Hovnanian Enterprises Inc. logo

Hovnanian Enterprises Inc. (HOV) Company Overview

About Hovnanian Enterprises Inc.

What They Do

Designs and sells residential homes in the U.S.

Business Model

The company operates by designing, constructing, and marketing residential properties, including various types of homes catering to different buyer segments. Hovnanian Enterprises generates revenue primarily through the sale of these homes, as well as offering mortgage loans and title services to facilitate home purchases.

Additional Information

Founded in 1959 and headquartered in Matawan, New Jersey, the company focuses on a diverse range of buyers, from first-time purchasers to luxury home seekers, and provides amenities that enhance the living experience. Its extensive market presence positions it well within the U.S. housing market.

Company Information

Sector

Consumer Cyclical

Industry

Residential Construction

Employees

1,878

CEO

Mr. Ara K. Hovnanian

Country

United States

IPO Year

1992

Hovnanian Enterprises Inc. (HOV) Latest News & Analysis

HOV stock latest news image
Quick Summary

Hovnanian Enterprises, Inc. (NYSE: HOV) will report Q1 financial results on February 24, 2025, and hold a webcast at 11:00 a.m. ET the same day.

Why It Matters

Hovnanian's upcoming earnings report could significantly impact its stock price, reflecting market sentiment on the housing sector's performance and overall economic health.

Source: GlobeNewsWire
Market Sentiment: Neutral
HOV stock latest news image
Quick Summary

Hovnanian Enterprises shows potential as a buying opportunity, with a low valuation, strong backlog, and rising contracts, despite short-term risks from high-interest rates.

Why It Matters

Hovnanian's low valuation, strong backlog, and rising contracts signal potential growth. Its solid financials and strategic positioning mitigate risks, making it an attractive option amidst high-interest rates.

Source: Seeking Alpha
Market Sentiment: Positive
HOV stock latest news image
Quick Summary

HOV reported strong Q4 growth, supported by its strategic focus on contracts and land expansion, despite facing cost and margin pressures.

Why It Matters

HOV's growth amid cost pressures signals effective management and potential for continued profitability, indicating resilience in a challenging market, which can attract investor interest.

Source: Zacks Investment Research
Market Sentiment: Positive
HOV stock latest news image
Quick Summary

Full year income before taxes rose 24% YoY, with a 44% quarterly growth in consolidated contracts. Consolidated lots controlled increased 32% YoY, and land spending grew 47% YoY.

Why It Matters

Strong growth in income and contracts indicates robust business performance, signaling potential for future profitability and value appreciation, attracting investor interest.

Source: GlobeNewsWire
Market Sentiment: Neutral
HOV stock latest news image
Quick Summary

MATAWAN, N.J., Dec. 04, 2024 (GLOBE NEWSWIRE) - K. reported financial updates, details pending. Investors should monitor for further announcements regarding performance and strategies.

Why It Matters

The news excerpt lacks specific information about K.'s performance or developments, making it difficult to assess its relevance to investors. Context is needed for analysis.

Source: GlobeNewsWire
Market Sentiment: Neutral
HOV stock latest news image
Quick Summary

Hovnanian Enterprises, Inc. (NYSE:HOV) will host its Q4 2024 earnings conference call on December 5, 2024, at 11:00 AM ET. An archive will be available for 12 months post-call.

Why It Matters

Hovnanian's Q4 earnings call signals key financial updates and guidance, impacting stock performance and investor sentiment in the housing sector.

Source: Seeking Alpha
Market Sentiment: Neutral

Frequently Asked Questions About HOV Stock

What is Hovnanian Enterprises Inc.'s (HOV) stock forecast for 2025?

Based on our analysis of 3 Wall Street analysts, Hovnanian Enterprises Inc. (HOV) has a median price target of $155.00. The highest price target is $155.00 and the lowest is $155.00.

Is HOV stock a good investment in 2025?

According to current analyst ratings, HOV has 0 Buy ratings, 1 Hold ratings, and 0 Sell ratings. The stock is currently trading at $135.77. Always conduct your own research and consider your investment goals before making investment decisions.

What is the price prediction for HOV stock?

Wall Street analysts predict HOV stock could reach $155.00 in the next 12 months. This represents a 14.2% increase from the current price of $135.77. Please note that this is a projection by Wall Street analysts and not a guarantee.

What is Hovnanian Enterprises Inc.'s business model?

The company operates by designing, constructing, and marketing residential properties, including various types of homes catering to different buyer segments. Hovnanian Enterprises generates revenue primarily through the sale of these homes, as well as offering mortgage loans and title services to facilitate home purchases.

What is the highest forecasted price for HOV Hovnanian Enterprises Inc.?

The highest price target for HOV is $155.00 from Jay McCanless at Wedbush, which represents a 14.2% increase from the current price of $135.77.

What is the lowest forecasted price for HOV Hovnanian Enterprises Inc.?

The lowest price target for HOV is $155.00 from Jay McCanless at Wedbush, which represents a 14.2% increase from the current price of $135.77.

What is the overall HOV consensus from analysts for Hovnanian Enterprises Inc.?

The overall analyst consensus for HOV is neutral. Out of 3 Wall Street analysts, 0 rate it as Buy, 1 as Hold, and 0 as Sell, with a median price target of $155.00.

How accurate are HOV stock price projections?

Stock price projections, including those for Hovnanian Enterprises Inc., are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.