Hovnanian Enterprises, Inc. Class A
HOVHovnanian Enterprises, Inc. Class A (HOV) is a homebuilding company based in the United States, specializing in the construction of single-family homes, townhomes, and condominiums. Founded in 1959, the company operates primarily in several key markets across the country, focusing on design, construction, and sales of new residential properties. Hovnanian aims to meet the demand for housing through innovative designs and customer-focused services.
Company News
Hovnanian Enterprises will present at the 16th Annual Midwest IDEAS Investor Conference on August 27th, 2025, in Chicago, sharing investment insights with financial professionals.
Hovnanian Enterprises will release its third quarter financial results on August 21, 2025, with a live webcast earnings conference call at 11:00 a.m. ET.
Hovnanian Enterprises, a leading national homebuilder, reported a 13% increase in total revenues and a 22% year-over-year increase in income before income taxes for the first quarter of fiscal 2025. The company also saw a 7% year-over-year growth in consolidated contracts and a 29% increase in total consolidated lots controlled.
K. Hovnanian® Homes, a leading homebuilder, has been recognized by the U.S. Department of Energy for its achievements in energy-efficient home construction. The company's Northeast and Phoenix Divisions have received awards for building DOE Zero Energy Ready Homes, which utilize renewable energy systems and meet rigorous efficiency criteria.
Ara K. Hovnanian, the Chairman, President, and CEO of Hovnanian Enterprises, sold over $2.1 million worth of company stock. The transaction involved the sale of 13,000 shares at prices ranging from $152.202 to $154.325. The shares sold were part of indirect holdings held in trusts for the benefit of Hovnanian's family members.
