Hovnanian Enterprises
Builds K. Hovnanian homes with attached mortgage and title services.
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Profile
Builds and sells homes across a 13-state U.S. footprint through regional homebuilding segments and attached financial services. The model combines K. Hovnanian Homes, Four Seasons active-lifestyle communities, and in-house mortgage and title support, with family voting control and housing-cycle financing as structural features.
Builds single-family homes, attached townhomes, condominiums, urban infill homes, and active-lifestyle communities through K. Hovnanian Homes. Four Seasons serves older active-lifestyle buyers, while the financial services arm provides mortgage banking and title services for homebuilding customers.
Operates through Northeast, Southeast, and West homebuilding segments, with a 13-state U.S. footprint and financial services reported separately. The portfolio is domestic and geography-led rather than organized around standalone product revenue lines.
Family leadership and voting control shape governance, with Ara K. Hovnanian as chairman and CEO. Results depend on mortgage rates, buyer incentives, land acquisition and development spending, housing competition, labor and materials availability, and debt maturity management through the housing cycle.
Company facts
Key statistics
Year to date +32.7% · Average volume (30d) 149.0K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 20, 2026Q3 FY26 | −$0.56 | −$0.70 | −25.0% | $723.5M | $705.7M | −2.5% | −7.47% |
| May 21, 2026Q2 FY26 | −$2.04 | −$0.46 | +77.5% | $626.4M | $667.6M | +6.6% | −8.86% |
| Feb 25, 2026Q1 FY26 | −$0.98 | $2.62 | +367.3% | $628.5M | $632.0M | +0.5% | +0.17% |
| Dec 4, 2025Q4 FY25 | $0.63 | $5.96 | +846.0% | $628.5M | $817.9M | +30.1% | −0.15% |
Financial highlights
| 12 quarters | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $686.5M | $800.6M | $817.9M | $632.0M | $667.6M | $705.7M | |
| Gross profit | $107.3M | $106.7M | $100.2M | $612.9M | $98.5M | $1.22B | |
| Operating income | $26.7M | $15.9M | $8.6M | $562.7M | $14.5M | $5.2M | |
| Net income | $19.7M | $16.6M | −$667.0K | $20.9M | −$284.0K | −$1.8M | |
| Diluted EPS | $2.43 | $1.99 | −$0.60 | $2.62 | −$0.46 | −$0.70 | |
| Gross margin | 15.6% | 13.3% | 12.2% | 97.0% | 14.8% | 172.7% | |
| Operating margin | 3.9% | 2.0% | 1.1% | 89.0% | 2.2% | 0.7% |
Fiscal years (4-quarter sums)FY21 $2.78B · FY22 $2.92B · FY23 $2.76B · FY24 $3.00B · FY25 $2.98B
Revenue by product · Q3 FY26
Revenue by geography · Q3 FY26
Balance sheet, Jul 31, 2026Cash & short-term investments $258.3M · Total debt $934.9M · Total assets $2.86B · Shareholders' equity $818.7M
Dividends
No dividends on record.
Ownership
Shares outstanding 5.07M · Float 4.31M · 85.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 423.9K | 8.36% | 13F | Aug 7, 2026 |
| Ara K. Hovnanian · director, 10 percent owner, officer: Chairman of the Board & CEO | 400.2K | 7.89% | Form 4 | Jul 17, 2026 |
| State Street Corp | 211.7K | 4.17% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 196.9K | 3.88% | 13F | Aug 13, 2026 |
| J. Larry Sorsby · director | 189.3K | 3.73% | Form 4 | Jun 26, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 25, 2026 | J. Larry Sorsby | director | −1,032 | $142.57 |
| Jun 22, 2026 | Ara K. Hovnanian | director, 10 percent owner, officer: Chairman of the Board & CEO | −12,880 | $125.78 |
| Sep 19, 2024 | J. Larry Sorsby | director | −2,284 | $227.40 |
| Aug 28, 2025 | Ara K. Hovnanian | director, 10 percent owner, officer: Chairman of Bd., Pres. & CEO | −609 | $138.31 |
Peers
- D.R. Horton
Broad national builder with direct buyer and financial-services overlap
- Lennar
National Lennar-brand builder across the same buyer tiers
- PulteGroup
Multi-brand builder with strong active-adult overlap
- NVR
Mid-Atlantic builder with Ryan Homes, NVHomes, and mortgage overlap
- Toll Brothers
Luxury and active-adult builder with mortgage/title support
- Meritage Homes
Sun Belt entry-level builder with financial-services overlap
- KB Home
West and Sun Belt builder focused on first-time and move-up buyers
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Hovnanian Enterprises | $129.77 | −0.01% | $658.2M | 150.9 | 46.4 | 0.2 | −11.9% |
| D.R. Horton | $147.39 | 0.00% | $41.23B | 14.1 | 13.1 | 1.2 | +0.0% |
| Lennar | $86.50 | +0.19% | $21.44B | 13.5 | 15.2 | 0.7 | −5.0% |
| PulteGroup | $128.55 | +0.02% | $24.81B | 13.2 | 12.0 | 1.5 | −9.6% |
| NVR | $6,396.27 | −0.21% | $17.27B | 16.6 | 16.6 | 1.8 | −10.6% |
| Toll Brothers | $146.22 | +0.02% | $13.67B | 11.7 | 10.6 | 1.3 | −9.7% |
| Meritage Homes | $71.02 | −0.14% | $4.74B | 14.9 | 12.9 | 0.9 | −14.3% |
| KB Home | $54.96 | +0.18% | $3.36B | 13.3 | 13.6 | 0.6 | −27.3% |
| Median | 13.5 | 13.1 | 1.2 | −9.7% |