Hovnanian Enterprises, Inc.· HOV
🇺🇸 US · SmallBroad USNYSE
- Price
- $136.30
- Day
- +4.54%
- Mkt Cap
- $691.27M
- 52W Range
- $91.52 – $162.06
- Volume
- 105.3K
- Beta
- 1.81
Find a company by name or ticker and open its page
Breaking news, press releases, and analyst updates.
Most recent articles and analysis covering this company.
Hovnanian Enterprises (HOV) is downgraded from 'strong buy' to 'buy' after strong gains, reflecting rising caution amid deteriorating housing and macro conditions. HOV's Q2 revenue fell to $667.6M on an 11.8% drop in homes closed, with profitability pressured by increased incentives and shrinking margins. Net leverage is rising, cancellation rates increased to 21%, and analysts expect further revenue and profit declines in upcoming quarters.
Read full article