Hovnanian Enterprises, Inc. Class A (HOV)

Hovnanian Enterprises' stock has experienced significant volatility in the past six months, with shares dropping by 14.2% since July 2024. After reaching a 52-week high in late August 2024, the stock plummeted by 51.1% due to concerns about high interest rates. In September 2025, the company announced a new senior notes offering to redeem existing notes and repay a term loan facility.

The homebuilding business of Hovnanian Enterprises is subject to seasonality, with winter months historically slowing home sales, which can influence the company's business, financial condition, and results of operations.

Hovnanian Enterprises, Inc. designs, constructs, markets, and sells residential homes across the United States, offering a variety of housing types and catering to diverse clientele. The company also provides mortgage loans and title services through its subsidiaries and markets homes under the K. Hovnanian® Homes brand, including active adult communities known as K. Hovnanian's® Four Seasons communities.

As of October 31, 2024, Hovnanian Enterprises operates in 147 residential communities across 13 states, including Arizona, California, Delaware, Florida, Georgia, Maryland, New Jersey, Ohio, Pennsylvania, South Carolina, Texas, Virginia, and West Virginia, as well as Washington, D.C.

Hovnanian Enterprises has received positive recognition for its commitment to energy-efficient homebuilding, including two U.S. Department of Energy (DOE) 2023 Housing Innovation Awards. The company was honored with the 2023 ZERH Champion Award for building the most DOE Zero Energy Ready Homes in the country. K. Hovnanian® Homes launched a new and improved website in November 2024 to enhance the online home-hunting experience.

Institutional investors hold a significant portion of Hovnanian Enterprises' stock, accounting for 65.40% of the company's stock. Allianz Asset Management GmbH and Harbor Capital Advisors Inc. have recently increased their positions. Other institutional investors have also made significant modifications to their stakes. Public companies and individual investors account for 58.45% of the ownership.