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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, NJ, USMap
Websitekhov.com
Employee Ratings3.6More
Overall CultureD+More
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Recent NewsAll News

Latest Updates

Employees (est.) (Oct 2019)1,868
Revenue (FY, 2020)$2.3 B(+17%)
Share Price (Feb 2021)$57.5 (+8%)
Cybersecurity ratingBMore

Hovnanian Enterprises Office Locations

Hovnanian Enterprises has an office in Matawan
Matawan, NJ, US (HQ)
90 Matawan Rd
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Hovnanian Enterprises Financials and Metrics

Hovnanian Enterprises Revenue

Hovnanian Enterprises's revenue was reported to be $2.34 b in FY, 2020
USD

Revenue (FY, 2020)

2.3b

Net income (FY, 2020)

50.9m

Market capitalization (26-Feb-2021)

353.8m

Closing stock price (26-Feb-2021)

57.5

Cash (31-Oct-2020)

15.5m

EV

1.8b
Hovnanian Enterprises's current market capitalization is $353.8 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

1.1b1.5b1.9b2.1b2.1b2.8b2.5b2.0b2.0b2.3b

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, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

285.6m269.6m341.7m387.0m358.2m423.0m478.4m364.0m449.9m551.0m445.7m468.9m540.6m575.6m654.7m716.9m552.0m585.9m592.0m417.2m502.5m456.7m380.6m440.7m482.0m494.1m538.4m628.1m

Cost of goods sold

374.8m

Gross profit

81.9m

Gross profit Margin, %

18%
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

250.7m273.2m329.2m261.9m253.7m346.8m469.3m199.6m143.1m15.5m

Accounts Receivable

1.5m

Inventories

1.3b

PP&E

48.5m46.2m46.7m45.5m50.3m52.9m20.3m20.1m18.2m
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, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

282.4m169.7m207.0m234.0m238.2m244.9m227.3m288.9m245.2m183.7m273.3m261.6m213.9m152.6m129.7m190.0m201.8m280.8m285.7m282.3m253.8m221.9m128.0m121.7m91.8m64.4m15.8m13.2m

Total Assets

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

Short-term debt

45.1m30.9m55.5m

Long-term debt

47.0m50.0m52.0m52.0m1.5b1.6b1.4b
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

(286.1m)(66.2m)31.3m307.1m(16.1m)(2.8m)(332.2m)4.5m(42.1m)50.9m

Depreciation and Amortization

9.3m6.2m4.7m3.4m3.4m3.6m4.2m3.2m4.2m5.3m

Inventories

(88.4m)8.4m(111.8m)(270.8m)(312.3m)328.1m255.4m(58.8m)(220.6m)87.9m

Accounts Payable

(64.0m)(1.6m)19.3m59.3m(10.6m)13.1m(21.9m)(31.4m)(2.7m)33.6m
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, 2019Q1, 2020Q2, 2020Q3, 2020

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)(9.1m)(5.1m)10.3m

Depreciation and Amortization

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

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)(6.1m)150.0k72.8m

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)(32.1m)(29.2m)7.2m
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USDQ3, 2011

Financial Leverage

-4.3 x
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Hovnanian Enterprises Cybersecurity Score

Cybersecurity ratingPremium dataset

B

81/100

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Hovnanian Enterprises Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

30-39

out of 100

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Hovnanian Enterprises Online and Social Media Presence

Hovnanian Enterprises's Trends

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Hovnanian Enterprises Company Culture

  • Overall Culture

    D+

    59/100

  • CEO Rating

    D+

    63/100

  • Compensation

    D

    54/100

  • Diversity

    C+

    69/100

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Hovnanian Enterprises News and Updates

December 09, 2020

Hovnanian Enterprises Reports Fiscal 2020 Fourth Quarter and Full Year Results

Fourth Quarter Gross Margin Increased 290 Basis Points$95 Million Year-over-Year Improvement in Fiscal 2020 Pretax Income 61% Year-over-Year Increase in Consolidated Backlog Dollars at Year End to $1.42 BillionFourth Quarter Consolidated Contracts per Community Improved 74% Year-over-Year
September 03, 2020

Hovnanian Enterprises Reports Fiscal 2020 Third Quarter Results

30% Year-over-Year Increase in Total Revenues$23 Million Year-over-Year Improvement in Pretax Income47% Year-over-Year Improvement in Consolidated Contracts
June 04, 2020

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
March 05, 2020

Hovnanian Enterprises Reports Fiscal 2020 First Quarter Results

30% Year-over-Year Increase in Total RevenuesConsolidated Contracts Grew 42% Year-over-Year
December 06, 2019

Hovnanian Enterprises, Inc. Announces Results of Exchange Offers for Certain of its Debt Securities and Receipt of Requisite Consents in Consent Solicitation With Respect to 10.500% Senior Secured Notes Due 2024

MATAWAN, N.J., Dec. 06, 2019 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV) (the “Company”) announced today the results of the offers to exchange (the “Exchange Offers”) by its wholly-owned subsidiary, K. Hovnanian Enterprises, Inc. (the “Issuer”), the Issuer’s outstanding 10.000% sen…
December 05, 2019

Hovnanian Enterprises Reports Fiscal 2019 Fourth Quarter Results

Despite a $42 Million Loss on Extinguishment of Debt, Pretax Income was Roughly BreakevenPretax Income, Excluding Loss on Extinguishment of Debt and Land Related Charges, was $45 MillionTotal Revenues Increased 16% Year-over-Year15% Year-over-Year Expansion in Consolidated Community CountConsolidate…
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Hovnanian Enterprises Blogs

February 19, 2021

Looking to Leave the Bay Area? Consider These 7 Affordable California Cities

High cost of living is driving many families to consider leaving the Bay Area. We recommend these seven great California cities that are much more affordable and still close enough to San Francisco. The post Looking to Leave the Bay Area? Consider These 7 Affordable California Cities appeared first…
February 18, 2021

Take Advantage of Low Mortgage Rates While You Still Can

Mortgage rates have climbed to their highest levels since mid-November, reports The Washington Post. The post Take Advantage of Low Mortgage Rates While You Still Can appeared first on HOV Lane - The K. Hovnanian® Homes Blog.
February 05, 2021

What Is a Ranch Style House? Here Are the Most Common Characteristics

According to a new report from Google, ranch style houses are now the most commonly searched-for style of home in the United States. But what is a ranch style house? The post What Is a Ranch Style House? Here Are the Most Common Characteristics appeared first on HOV Lane - The K. Hovnanian® Homes Bl…
January 21, 2021

What Is the Average Square Footage of a House?

Whether you’re a first-time homebuyer or simply looking for a space that better suits your needs, these basic reference points can help you choose the size of your new home. The post What Is the Average Square Footage of a House? appeared first on HOV Lane - The K. Hovnanian® Homes Blog.
December 07, 2020

Modern vs. Contemporary Architecture: What’s the Difference?

While modern and contemporary homes can have similarities, there are key differences between the two styles. The post Modern vs. Contemporary Architecture: What’s the Difference? appeared first on HOV Lane - The K. Hovnanian® Homes Blog.
November 16, 2020

What Is a Manufactured Home? The Pros and Cons

Manufactured homes offer an affordable homeownership option for some families, but be sure to consider their pros and cons before making a purchase. The post What Is a Manufactured Home? The Pros and Cons appeared first on HOV Lane - The K. Hovnanian® Homes Blog.
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 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 1,868 employees.

  • What is Hovnanian Enterprises revenue?

    Latest Hovnanian Enterprises annual revenue is $2.3 b.

  • What is Hovnanian Enterprises revenue per employee?

    Latest Hovnanian Enterprises revenue per employee is $1.3 m.

  • Who are Hovnanian Enterprises competitors?

    Competitors of Hovnanian Enterprises include Crosslane, 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.