• Home
  •  / Hovnanian Enterprises

Hovnanian Enterprises

OverviewSuggest Edit

Founded in 1959, Hovnanian Enterprises, Inc., designs, constructs and markets a variety of for-sale housing in 219 residential communities in 16 states. Hovnanian ranks among one of the nation's largest homebuilders with operations in Arizona, California, Delaware, Florida, Georgia, Illinois, Maryland, Minnesota, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Texas, Virginia, Washington, D.C. and West Virginia and with total revenues of $2.1 billion on 5,507 home deliveries in fiscal 2015. Hovnanian is highly diversified by product type, selling a wide array of attached and detached home styles to buyers ranging from first-time purchasers to luxury buyers. As the developer of K. Hovnanian's® Four Seasons communities, the Company is also one of the nation's largest builders of active adult homes and has developed a specialization in urban infill locations. The Company's homes are marketed and sold under the trade names K. Hovnanian® Homes®, Brighton Homes®, and Parkwood Builders.
TypePublic
Founded1959
HQMatawan, USMap
Websitekhov.com
Employee Ratings2.8More
View Jobs (109)

Recent NewsAll News

Latest Updates

Employees (est.) (Feb 2019)1,851(-2%)
Job Openings109
Revenue (FY, 2018)$2 B(-18%)
Share Price (Nov 2019)$23.8

Hovnanian Enterprises Office Locations

Hovnanian Enterprises has an office in Matawan
Matawan, US (HQ)
90 Matawan Rd
Show all (1)

Hovnanian Enterprises Financials and Metrics

Hovnanian Enterprises Revenue

Hovnanian Enterprises's revenue was reported to be $1.99 b in FY, 2018
USD

Revenue (Q3, 2019)

482.0m

Net income (Q3, 2019)

(7.6m)

Market capitalization (15-Nov-2019)

141.6m

Closing stock price (15-Nov-2019)

23.8

Cash (31-Jul-2019)

91.8m
Hovnanian Enterprises's current market capitalization is $141.6 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

1.1b1.5b1.9b2.1b2.1b2.8b2.5b2.0b

Revenue growth, %

11%4%28%

Sales and marketing expense

18.2m

Operating expense total

18.2m
Quarterly
USDQ3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

285.6m269.6m341.7m387.0m358.2m423.0m478.4m364.0m449.9m551.0m445.7m468.9m540.6m575.6m654.7m716.9m552.0m585.9m592.0m417.2m502.5m456.7m380.6m440.7m482.0m

Cost of goods sold

374.8m

Gross profit

81.9m

Gross profit Margin, %

18%
show all
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

250.7m273.2m329.2m261.9m253.7m346.8m469.3m199.6m

Accounts Receivable

1.5m

Inventories

1.3b

PP&E

48.5m46.2m46.7m45.5m50.3m52.9m20.3m
Quarterly
USDQ3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash

282.4m169.7m207.0m234.0m238.2m244.9m227.3m288.9m245.2m183.7m273.3m261.6m213.9m152.6m129.7m190.0m201.8m280.8m285.7m282.3m253.8m221.9m128.0m121.7m91.8m

Total Assets

1.7b1.5b1.5b1.6b1.6b1.6b1.7b1.8b1.8b1.9b2.5b2.5b2.5b2.6b2.5b2.4b2.1b2.1b1.8b1.6b1.6b1.7b1.6b1.8b1.8b

Short-term debt

45.1m30.9m55.5m

Long-term debt

47.0m50.0m52.0m52.0m
show all
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(286.1m)(66.2m)31.3m307.1m(16.1m)(2.8m)(332.2m)4.5m

Depreciation and Amortization

9.3m6.2m4.7m3.4m3.4m3.6m4.2m3.2m

Inventories

(88.4m)8.4m(111.8m)(270.8m)(312.3m)328.1m255.4m(58.8m)

Accounts Payable

(64.0m)(1.6m)19.3m59.3m(10.6m)13.1m(21.9m)(31.4m)
Quarterly
USDQ3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Net Income

(187.7m)(18.3m)(16.5m)18.2m(11.3m)(10.0m)(1.5m)(24.5m)(32.4m)(15.3m)(14.4m)(33.9m)(41.6m)(16.2m)(24.6m)(25.1m)(143.0k)(6.8m)(344.0m)(30.8m)(40.6m)(41.7m)(17.5m)(32.7m)(40.3m)

Depreciation and Amortization

7.2m1.7m3.2m4.7m1.5m2.8m3.8m853.0k1.7m2.6m849.0k1.7m2.6m865.0k1.7m2.6m1.0m2.1m3.2m790.0k1.5m2.3m979.0k1.9m2.9m

Inventories

(85.7m)(14.1m)15.4m(8.8m)(25.1m)(66.2m)(149.5m)(131.8m)(218.1m)(299.3m)(139.9m)(201.0m)(275.8m)(19.1m)(52.9m)154.9m(13.5m)68.7m84.9m(31.1m)(20.3m)(89.4m)(100.9m)(192.1m)(280.4m)

Accounts Payable

(73.6m)(29.1m)(28.1m)(4.3m)(42.3m)(22.5m)(12.1m)(47.5m)(5.1m)343.0k(40.5m)(22.2m)(19.7m)(11.9m)10.9m21.7m(49.5m)(57.4m)(54.8m)(82.5m)(46.5m)(44.7m)(63.0m)(24.1m)(473.0k)
show all
USDY, 2019

Financial Leverage

-3.6 x
Show all financial metrics

Hovnanian Enterprises Online and Social Media Presence

Hovnanian Enterprises's Trends

Embed Graph

Hovnanian Enterprises News and Updates

November 05, 2019

K. Hovnanian Enterprises, Inc. Announces Exchange Offers and Consent Solicitations

MATAWAN, N.J., Nov. 05, 2019 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV) (the “Company”) announced today that its wholly-owned subsidiary, K. Hovnanian Enterprises, Inc. (the “Issuer”), has commenced (i) a private offer to exchange (the “Old 2022 Notes Exchange Offer”) the Issuer’s…
September 05, 2019

Hovnanian Enterprises Reports Fiscal 2019 Third Quarter Results

Total Revenues Increased 6% Year-over-Year12% Year-over-Year Expansion in Consolidated Community CountConsolidated Contracts Grew 23% Year-over-Year12% Year-over-Year Increase in Consolidated Contract Backlog10% Year-over-Year Growth in Consolidated Contracts Per Community
July 17, 2019

Hovnanian Enterprises Receives Continued Listing Standard Notice from NYSE

MATAWAN, N.J., July 17, 2019 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV) (“Hovnanian” or the “Company”), a leading national homebuilder, announced today that it received written notification (the “Notice”) from the New York Stock Exchange (“NYSE”) that Hovnanian is not in complianc…
June 06, 2019

Hovnanian Enterprises Reports Fiscal 2019 Second Quarter Results

11% Year-over-Year Expansion in Consolidated Community CountConsolidated Contracts Grew 10% Year over Year, the First Improvement Since Early 2016Consolidated Lots Controlled Increased 17% Year over Year
May 23, 2019

Hovnanian Enterprises Announces Second Quarter Fiscal Year 2019 Earnings Release and Conference Call

MATAWAN, N.J., May 23, 2019 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, will release financial results for the second quarter ended April 30, 2019 the morning of Thursday, June 6, 2019. The Company will webcast its second quarter earnings conference…
March 07, 2019

Hovnanian Enterprises Reports Fiscal 2019 First Quarter Results

11% Sequential Increase in Consolidated Community CountConsolidated Lots Controlled Grew 11% Year-over-YearFebruary Net Contracts Rebound to Above Last Year’s Strong Levels
Show more

Hovnanian Enterprises Blogs

November 06, 2019

What Is a Flex Room? 8 Ideas for This Multipurpose Space

Flex rooms is a buzzword that house hunters frequently hear. Find out what a flex room is, along with eight popular ideas for using this space. The post What Is a Flex Room? 8 Ideas for This Multipurpose Space appeared first on HOV Lane - The K. Hovnanian® Homes Blog.
October 30, 2019

Private Mortgage Insurance: What It Is and When You Need It

Typically, if you have a conventional loan with a down payment lower than ten percent, your lender will require you to have private mortgage insurance. The post Private Mortgage Insurance: What It Is and When You Need It appeared first on HOV Lane - The K. Hovnanian® Homes Blog.
October 11, 2019

8 Popular Features to Consider When Building a New Home

Before you start house hunting, it’s important to know which features are a must-have. Here are 8 features to consider when building a new home. The post 8 Popular Features to Consider When Building a New Home appeared first on HOV Lane - The K. Hovnanian® Homes Blog.
October 04, 2019

3 Reasons Why Homeowners Love Living at Tesoro Viejo

There's much to love about life in the Central Valley. Here are the top three reasons homeowners love living in Tesoro Viejo. The post 3 Reasons Why Homeowners Love Living at Tesoro Viejo appeared first on HOV Lane - The K. Hovnanian® Homes Blog.
October 02, 2019

How to Pick the Best House Layout for Your Family

It’s important not to settle when it comes to your new home. Follow the tips here to find the best house layout for your family. The post How to Pick the Best House Layout for Your Family appeared first on HOV Lane - The K. Hovnanian® Homes Blog.
September 18, 2019

Introducing the K. Hovnanian® Extra Suite and Extra Suite+

With our new line of Extra Suite and Extra Suite+ home designs, we can offer privacy and space to meet your family’s changing needs. Discover the home where you’ll love living together. The post Introducing the K. Hovnanian® Extra Suite and Extra Suite+ appeared first on HOV Lane - The K. Hovnanian®…

 Hovnanian Enterprises Frequently Asked Questions

  • When was Hovnanian Enterprises founded?

    Hovnanian Enterprises was founded in 1959.

  • How many employees does Hovnanian Enterprises have?

    Hovnanian Enterprises has 1,851 employees.

  • What is Hovnanian Enterprises revenue?

    Latest Hovnanian Enterprises annual revenue is $2 b.

  • What is Hovnanian Enterprises revenue per employee?

    Latest Hovnanian Enterprises revenue per employee is $1.1 m.

  • Who are Hovnanian Enterprises competitors?

    Competitors of Hovnanian Enterprises include Fannie Mae, Taylor Morrison and D.R. Horton.

  • Where is Hovnanian Enterprises headquarters?

    Hovnanian Enterprises headquarters is located at 90 Matawan Rd, Matawan.

  • Where are Hovnanian Enterprises offices?

    Hovnanian Enterprises has an office in Matawan.

  • How many offices does Hovnanian Enterprises have?

    Hovnanian Enterprises has 1 office.