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, US
Websitekhov.com
Employee Ratings3.1
Overall CultureD-

Latest Updates

Employees (est.) (Oct 2019)1,868
Job Openings102
Revenue (FY, 2020)$2.3 B(+17%)
Share Price (Sept 2021)$103.2(+3%)
Cybersecurity ratingBMore

Hovnanian Enterprises Office Locations

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

Hovnanian Enterprises Financials and Metrics

Hovnanian Enterprises Revenue

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

Revenue (Q1, 2021)

574.7m

Net income (Q1, 2021)

19.0m

Market capitalization (15-Sept-2021)

638.8m

Closing stock price (15-Sept-2021)

103.2

Cash (31-Jan-2021)

13.2m

EV

2.1b
Hovnanian Enterprises's current market capitalization is $638.8 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, 2020Q1, 2021

Revenue

285.6m269.6m341.7m387.0m358.2m423.0m478.4m364.0m449.9m551.0m445.7m468.9m540.6m575.6m654.7m716.9m552.0m585.9m592.0m417.2m502.5m456.7m380.6m440.7m482.0m494.1m538.4m628.1m574.7m

Cost of goods sold

374.8m

Gross profit

81.9m

Gross profit Margin, %

18%
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, 2020Q1, 2021

Cash

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

Total Assets

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

Short-term debt

45.1m30.9m55.5m

Long-term debt

47.0m50.0m52.0m52.0m1.5b1.6b1.4b1.4b
USDQ3, 2011

Financial Leverage

-4.3 x
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Hovnanian Enterprises Cybersecurity Score

Cybersecurity ratingPremium dataset

B

85/100

SecurityScorecard logo

Hovnanian Enterprises Online and Social Media Presence

Embed Graph

Hovnanian Enterprises Company Culture

  • Overall Culture

    D-

    53/100

  • CEO Rating

    C+

    68/100

  • Compensation

    D+

    58/100

  • Diversity

    C+

    69/100

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Hovnanian Enterprises News and Updates

Hovnanian Enterprises Reports Fiscal 2021 Third Quarter Results

Pretax Profit Increased 281% to $62 MillionGross Margin Percentage Increased 560 Basis Points Year-over-Year42% Year-over-Year Increase in Consolidated Backlog Dollars to $1.75 BillionPaid Off $111 Million of Senior Secured Notes in the Third Quarter and an Additional $70 Million Early in the Fourth…

Hovnanian Enterprises Reports Fiscal 2021 Second Quarter Results

31% Year-over-Year Rise in Total RevenuesGross Margin Percentage Increased 360 Basis Points Year-over-Year85% Year-over-Year Increase in Consolidated Backlog Dollars to $1.77 BillionRaised Full Year 2021 Profitability GuidanceIssued Redemption Notice for Remaining Principal Amount of 10% Senior Secu…

Hovnanian Enterprises Reports Fiscal 2021 First Quarter Results

$27 Million Year-over-Year Improvement in Pretax IncomeFirst Quarter Gross Margin Percentage Increased 440 Basis Points Year-over-Year85% Year-over-Year Increase in Consolidated Backlog Dollars to $1.67 Billion51% Year-over-Year Increase in Land and Land Development Spend

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

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

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
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Hovnanian Enterprises Blogs

What Is an L-Shaped Kitchen?

L-shaped kitchens are a popular layout in many homes, and for good reason. This configuration is a great choice regardless of home size. The post What Is an L-Shaped Kitchen? appeared first on HOV Blog - The K. Hovnanian® Homes Blog.

Earnest Money: What It Is and How It’s Different from a Down Payment

The initial payment you make when you sign a purchase contract for a home is known as earnest money. The post Earnest Money: What It Is and How It’s Different from a Down Payment appeared first on HOV Blog - The K. Hovnanian® Homes Blog.

Take Advantage of Low Interest Rates While You Still Can

While buyers may hope that home prices will decline over the next year, a rising interest rate could eliminate any such savings. The post Take Advantage of Low Interest Rates While You Still Can appeared first on HOV Blog - The K. Hovnanian® Homes Blog.

How to Choose a Retirement Community That You’ll Love

Choosing a retirement community is not an easy task. Following these steps and keeping these factors in mind will help you find a neighborhood that you’ll love throughout your golden years. The post How to Choose a Retirement Community That You’ll Love appeared first on HOV Blog - The K. Hovnanian® …

The Key Benefits of Using Your Builder’s Lender

Using your builder's lender offers many benefits, including the convenience of one-stop shopping and a smooth overall process. The post The Key Benefits of Using Your Builder’s Lender appeared first on HOV Blog - The K. Hovnanian® Homes Blog.

The 8 Key Steps to Buying a New Construction Home

Once you’ve decided to have a house built, a number of key steps need to be taken to ensure a happy ending to your new home buying journey. The post The 8 Key Steps to Buying a New Construction Home appeared first on HOV Blog - 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.