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
HQRed Bank, US
Websitekhov.com
Employee Ratings2.5

Latest Updates

Employees (est.) (Feb 2019)1,851(-2%)
Job Openings84
Revenue (FY, 2018)$2 B(-18%)
Share Price (Mar 2019)$0.6 (-3%)

Hovnanian Enterprises Office Locations

Hovnanian Enterprises has an office in Red Bank
Red Bank, US (HQ)
110 W Front St
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Hovnanian Enterprises Financials and Metrics

Hovnanian Enterprises Revenue

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

Revenue (FY, 2018)

2.0b

Gross profit (FY, 2018)

360.5m

Gross profit margin (FY, 2018), %

18.1%

Net income (FY, 2018)

4.5m

Market capitalization (18-Mar-2019)

86.1m

Closing stock price (18-Mar-2019)

0.6

Cash (31-Oct-2018)

187.9m
Hovnanian Enterprises's current market capitalization is $86.1 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

1.9b2.1b2.1b2.8b2.5b2.0b

Revenue growth, %

11%4%28%

Cost of goods sold

1.5b1.7b1.8b2.4b2.1b1.6b

Gross profit

352.0m389.0m354.8m396.0m383.5m360.5m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

364.0m449.9m551.0m445.7m468.9m540.6m575.6m637.8m700.3m552.0m585.9m592.0m417.2m502.5m456.7m

Cost of goods sold

299.0m363.4m440.7m368.4m398.5m450.0m492.7m567.2m613.8m466.5m497.7m502.5m342.2m415.0m374.8m

Gross profit

65.0m86.6m110.3m77.4m70.5m90.6m82.9m70.6m86.6m85.5m88.2m89.6m74.9m87.5m81.9m

Gross profit Margin, %

18%19%20%17%15%17%14%11%12%15%15%15%18%17%18%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

329.2m261.9m253.7m346.8m469.3m187.9m

Accounts Receivable

1.5m

Inventories

1.1b1.6b1.3b1.0b1.1b

PP&E

46.7m45.5m50.3m52.9m20.3m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

288.9m23.8m183.7m273.3m261.6m21.2m34.5m29.8m181.5m39.5m45.1m38.7m37.8m33.6m32.1m

Inventories

1.2b109.5m1.4b1.5b1.5b336.0m382.4m400.8m1.5b605.3m635.7m670.1m660.4m658.9m628.4m

PP&E

46.0m47.0m46.4m45.8m46.0m45.7m48.4m50.0m53.0m52.4m

Total Assets

1.8b139.0m1.9b2.5b2.5b366.5m433.8m450.1m1.9b674.1m709.6m738.6m732.7m722.2m694.3m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

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

Depreciation and Amortization

4.7m3.4m3.4m3.6m4.2m3.2m

Inventories

(111.8m)(270.0m)(312.3m)328.1m255.4m(58.8m)

Accounts Payable

Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

(24.5m)(32.4m)17.1m(14.4m)(19.6m)(41.6m)(16.2m)(24.6m)(474.0k)(143.0k)(6.8m)(344.0m)

Depreciation and Amortization

1.7m2.6m865.0k1.7m1.0m2.1m3.2m790.0k1.5m2.3m

Inventories

(218.1m)(275.8m)(19.1m)(52.9m)(13.5m)68.7m84.9m(31.1m)(20.3m)(89.4m)

Accounts Payable

315.8m337.1m342.8m354.1m348.4m360.9m380.8m319.7m312.0m
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Hovnanian Enterprises Online and Social Media Presence

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Hovnanian Enterprises News and Updates

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

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

MATAWAN, N.J., Feb. 21, 2019 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, will release financial results for the first quarter ended January 31, 2019 the morning of Thursday, March 7, 2019. The Company will webcast its first quarter earnings conferen…

Hovnanian Enterprises Receives Continued Listing Standard Notice From NYSE and Announces Reverse Stock Split Proposal

MATAWAN, N.J., Jan. 11, 2019 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV) (“Hovnanian” or the “Company”), a leading national homebuilder, announced today that it will be requesting shareholder approval at its annual meeting on March 19, 2019 for amendments to its restated certificat…

Hovnanian Enterprises Reports Fiscal 2018 Results

Reported Fourth Quarter Net Income of $46 Million Exceeded or Met Guidance Consolidated Lots Controlled Grew 20% Year-over-Year

Hovnanian Enterprises Announces Fiscal Year 2018 Earnings Release and Conference Call

MATAWAN, N.J., Nov. 26, 2018 (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, 2018 the morning of Thursday, December 6, 2018. The Company will webcast its fourth quar…
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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 1,851 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, China Vanke and Lennar.

  • Where is Hovnanian Enterprises headquarters?

    Hovnanian Enterprises headquarters is located at 110 W Front St, Red Bank.

  • Where are Hovnanian Enterprises offices?

    Hovnanian Enterprises has an office in Red Bank.

  • How many offices does Hovnanian Enterprises have?

    Hovnanian Enterprises has 1 office.