HOV stock: buy or sell?

HOV stock price: $26.86 6.21% At close on October 18th, 2019

Updated on:
October 18th, 2019

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After sliding a bloodcurdling -11.39% on Thursday, Hovnanian Enterprises closed on Oct 18th at $26.86 and boosted a super good 6.21%.

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?

Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. Following a trading strategy 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.

Currently, Hovnanian Enterprises stock doesn't match any of these trading strategies, so our recommendation is not to buy.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

Is Hovnanian Enterprises stock a buy?

Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness. At Stocks2.com, we found 1 rating published for HOV stock in the last 30 days.

Is HOV a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-1-11Buckingham Researchn/aNeutral

HOV stock analysis

Daily outlook

After sliding a bloodcurdling -11.39% on Thursday, Hovnanian Enterprises closed on October 18th at $26.86 and boosted a super good 6.21%.

After sliding a bloodcurdling -11.39% on Thursday, Hovnanian Enterprises closed on Oct/18 at $26.86 and boosted a super good 6.21%. In the last 41 days when HOV stock price broke up the SMA200d line, it gained $14.17 (111.66%). Since SMA50d and SMA100d crossed up on Sep 30th, HOV price climbed $8.44 per share (45.82%).

HOV stock chart (daily)

Weekly outlook

Shares of Hovnanian Enterprises boosted a super good 15.03% this week. This week was the 5th green week in a row.

Since price and SMA40w lines crossed up early September, HOV climbed $14.17 (111.66%). Late September, SMA10w and SMA20w crossed up triggering a rise of 66.21%.

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 a yearly average of inf%. 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 at $39.50, and all-time highs 2005-07-20 with a price of 1835.

HOV stock price target

Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. 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

Since March, when Hovnanian Enterprises presented its last earnings report, it . Unfortunately, reported EPS is not yet available in our database.
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 revenues report draw a scary drop down of -18.78% to $1,991.23 M dollars. Nevertheless, its earnings margin (compared to revenues) skyrocketed to 0.23%, that is $4.52 million.

To have an up to date picture of the financial situation of Hovnanian Enterprises, we have calculated the trailing twelve month (TTM) sales and income figures. TTM values are the sum of the last 4 quarters and aproximate to an annual fiscal report ending in 2019-Q1 that can be compared to 2018 fiscal year results. Annual Hovnanian Enterprises TTM sales up to January 2019 were $1,954.66 and income was $17.88 million dollars. When comparing 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, declined a bad -1.84%. Instead, profit margin (net income/revenues) remained stable 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 posted $380.59 million in revenues for 2019-Q1, a -38.10% decline 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 sales to same quarter last year, Hovnanian Enterprises sales marked a terrible slide and slipped 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 shares of a stock, it's worth to check 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, 10.29% of all outstanding shares are owned by its staff.

In case of Hovnanian Enterprises stock, 35.81% 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.

For a better understanding, the following table shows ownership data compared to other related stocks:

HOV
Market cap$142.9 M
Total shares5.3 M
Float shares4.1 M
  - Institutional holdings (%)35.8%
  - Insider holdings (%)10.3%
Shares in short selling0.0%

HOV summary

Friday, October 18th, 2019
Open$24.82
Close$26.86
Day range$23.73 - $26.99
Previous close$25.29
Session gain6.21%
Average true range$2.25
50d mov avg$14.52
100d mov avg$11.06
200d mov avg$13.22
Daily pattern
Weekly pattern lb06c

Hovnanian Enterprises performance

Stocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. We chose as the bechmarking frame for Hovnanian Enterprises stock.
Stock3m6m12m
HOVHovnanian Enterpr...305.13%74.76%-23.80%

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.