HOV stock: buy or sell?

HOV stock price: $25.42 -3.35% At close on February 27th, 2020

Updated on:
February 27th, 2020

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Hovnanian Enterprises closed today at $25.42 and plummed a shocking -3.35%. On Feb 25th HOV plunged a chilling -14.10%. On Feb/19 HOV boosted an astounding 8.57%.

Hovnanian Enterprises, Inc. designs, constructs, markets, and sells residential homes in the United States. It constructs single-family detached homes, attached townhomes and condominiums, urban infill, and active lifestyle homes.

Should I buy HOV stock?

Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. Having a trading plan helps to make decisions easier, quicker and with less hesitations. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

None of our preferred buy setups matches with Hovnanian Enterprises stock situation right now, therefore this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean HOV will fall in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is Hovnanian Enterprises stock a buy?

Everyday, hundreds of stock ratings are published by financial analysts to indicate a particular stock's attractiveness. Unfortunately, we couldn't detect any rating for HOV stock for the last 30 days.

HOV stock analysis

Daily outlook

Hovnanian Enterprises shares plummed -3.35% to $25.42 today.

Hovnanian Enterprises shares plummed -3.35% to $25.42 today. Since SMA100d and SMA200d crossed up on November, HOV price climbed $2.83 per share (12.53%). On February/5 HOV price bounced up over the SMA of 50 days demonstrating to be a significant support for this stock.

HOV stock chart (daily)

Weekly outlook

After boosting an extraordinary 9.45% in a week last week, Hovnanian Enterprises closed this week at $25.42 and plunged a dreadful -16.57%.

Hovnanian Enterprises stock is trading in the range of its last top and last bottom. Loosing would mean breaking the current uptrend. Breakdowns under last bottom are selling point signals for some trading strategies. Since early November 2019 when SMA20w and SMA40w crossed up, HOV price slipped $-1.34 per share (-5.01%). Since price and SMA40w lines crossed up early September, HOV climbed $12.73 (100.32%).

HOV stock chart (weekly)

HOV stock price history

HOV IPO was on September 7th, 1983 at $0.00 per share1. Since then, HOV stock surged a inf%, with an average of inf% per year. If you had invested right after HOV's IPO a $1,000 in HOV stock in 1983, it would worth $inf today.

1: Adjusted price after possible price splits or reverse-splits.

HOV stock historical price chart

HOV stock reached 52-week highs on Jan/24 at $32.90, and all-time highs 2005-07-20 with a price of 1835.

HOV stock price target

Nobody can reliably foresee how stock prices may evolve in the future. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. For the last month we have not detected any price prediction for Hovnanian Enterprises stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

After publishing its last earnings report on March, Hovnanian Enterprises . As soon as we get its actual EPS from the earnings report, we will update this report.
HOV earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a-0.04n/a
2017-Q3-n/a-2.1n/a
2017-Q42018-03-08-0.08-0.21n/a
2018-Q12018-03-08n/a-0.21n/a
2018-Q22018-06-07n/a-1.75n/a
2018-Q32018-09-10n/a-0.25n/a
2018-Q42018-12-06n/a7.25n/a
2019-Q12019-03-07n/a-3n/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

Compared to 2017, last anual turnover report draw a spooky slide of -18.78% to $1,991.23 M USD. When comparing 2018 vs 2017, by contrast, profit margin (that is, the net income divided by revenues) climbed a 13.78% to 0.23%.

Hovnanian Enterprises fiscal year ends in October, and to compare its evolution since then, we estimate annual sales and income figures by adding results from the last 4 quarters. This is called TTM (or Twelve Trailing Months). So, Hovnanian Enterprises TTM sales up to January 2019 were $1,954.66 and income $17.88 M USD. If we compare this TTM figures with the last reported annuality, we can esteem Hovnanian Enterprises business evolution since October 2018: Annual revenues up to January, compared to lastest yearly report, slightly fell an unpleasant -1.84%. However, profit margin (net income/revenues) remained steady at 0.23%.

HOV annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$1,850 M-$31 M1.7%-
2014$2,060 M11.35%$300 M14.6%858.59%
2014$2,063 M0.16%$307 M14.9%2.37%
2015$2,150 M4.20%$-16.10 M-0.7%-105.24%
2015$2,148 M-0.07%$-16.10 M-0.7%0.00%
2016$2,750 M28.00%$-2.82 M-0.1%-82.48%
2016$2,752 M0.08%$-2.82 M-0.1%-0.04%
2017$2,450 M-10.98%$-332.19 M-13.6%11,683.97%
2017$2,452 M0.07%$-332.19 M-13.5%0.00%
2018$1,991 M-18.78%$4.52 M0.2%-101.36%
TTM $1,955 M-1.84%$18 M0.9%295.51%

Quarterly financial results

Hovnanian Enterprises reported $380.59 M in sales for 2019-Q1, a -38.10% less compared to previous quarter. Reported quarter earnings marked $-17.45 million with a profit margin of -4.59%. Profit margin collapsed a -12.10% compared to previous quarter when profit margin was 7.51%. When comparing revenues to same quarter last year, Hovnanian Enterprises sales marked a terrifying decrease and eased a -8.77%.
HOV quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$585 M-$-7 M-1.1%-
2017-Q3$592 M1.31%$-337 M-56.9%4,948.05%
2017-Q4$722 M21.82%$12 M1.6%-103.51%
2018-Q1$417 M-42.20%$-31 M-7.4%-360.19%
2018-Q2$503 M20.47%$-10 M-2.0%-68.12%
2018-Q3$457 M-9.12%$-1 M-0.2%-89.56%
2018-Q4$615 M34.62%$46 M7.5%-4,600.78%
2019-Q1$381 M-38.10%$-17 M-4.6%-137.79%

Hovnanian Enterprises ownership

When you are planning to buy a stock, it's worth to have a look its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Hovnanian Enterprises, 13.66% of all outstanding shares are owned by its staff.

In case of Hovnanian Enterprises stock, 32.82% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for HOV stock account 0.00%, no big difference from last month.

The following table compares ownership indicators for other stocks related to Hovnanian Enterprises:

HOV
Market cap$139.8 M
Total shares5.5 M
Float shares4.8 M
  - Institutional holdings (%)32.8%
  - Insider holdings (%)13.7%
Shares in short selling0.0%

HOV summary

Thursday, February 27th, 2020
Open$25.00
Close$25.42
Day range$23.60 - $26.53
Previous close$26.30
Session gain-3.35%
Average true range$2.31
50d mov avg$25.39
100d mov avg$24.87
200d mov avg$17.36
Daily patternlt06c
Weekly pattern lt06a

Hovnanian Enterprises performance

To measure stock performance is always good to compare with competitors or related stocks. In the following table, we compare Hovnanian Enterprises to :
Stock3m6m12m
HOVHovnanian Enterpr...13.99%208.50%56.43%

Hovnanian Enterprises competitors

Unfortunately, we could not find any public company that could be defined as Hovnanian Enterprises competitor. This doesn't mean Hovnanian Enterprises does not have any competitor in the market, it's just we could not detected it.