MATAWAN, N.J., Sept. 16, 2024 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, announced that senior management will be presenting at Deutsche Bank's 32nd Annual Leveraged Finance Conference taking place on Tuesday, September 24, 2024, at 11:00 am ET. The presentation will be webcast live through the "Investor Relations" section of Hovnanian Enterprises' website at http://www.khov.com. It is suggested that participants access the webcast event page at least five m ...

MoMo Productions Hovnanian Enterprises, Inc. (NYSE:HOV) continues to deliver impressive net sales growth driven by decreases in mortgage rates. In my view, a further decline in the interest rates, curated "looks" packages, and the company's quick-move-in homes strategy could bring significant free cash flow generation in the coming years. I also think that the recent decrease in the total amount of debt, growth in the number of assets, and free cash flow growth may accelerate the demand for the stock, and p ...

Hovnanian Enterprises, Inc. (HOV) reported solid results for third-quarter fiscal 2024 ended Jul 31, 2024, despite facing headwinds from economic uncertainties and elevated mortgage rates. The company demonstrated resilience with notable improvements in key financial metrics, driven by strategic investments and a focus on expanding its community footprint. Q3 Results Hovnanian's earnings per share (EPS) rose 32% to $9.75 in third-quarter fiscal 2024 from $7.38 in the prioryear quarter. Robust earnings growt ...

ABOUT HOVNANIAN ENTERPRISES, INC.: FORWARD-LOOKING STATEMENTS "We are thrilled to get a ratings upgrade from Moody's, which follows an upgrade we received from S&P Ratings just two weeks ago," stated Brad G. O'Connor, Chief Financial Officer and Treasurer. "The combination of these upgrades by both rating agencies serves as validation of our accomplishments in paying down our debt and repairing our balance sheet over the past several years. We remain committed to further enhancing our balance sheet and impr ...

Core Viewpoint - Hovnanian Enterprises, Inc. has received a corporate family rating upgrade from Moody's, reflecting improved leverage and operating performance, alongside a stable outlook [1][2]. Group 1: Ratings Upgrade - Moody's upgraded Hovnanian's corporate family rating from B3 to B2, citing improvements in the company's leverage profile and net worth growth [1]. - This upgrade follows a similar upgrade from S&P Ratings received two weeks prior, indicating validation of the company's efforts in debt reduction and balance sheet repair [2]. Group 2: Financial Performance and Future Outlook - The company aims to enhance its balance sheet and credit metrics, with a focus on revenue growth to leverage selling, general, and administrative (SG&A) expenses, which is expected to lead to higher profitability [2]. - Positive trends in the for-sale home market contribute to the company's optimism regarding future investment returns [2]. Group 3: Company Overview - Hovnanian Enterprises, Inc. is one of the largest homebuilders in the U.S., operating in multiple states and marketing homes under the K. Hovnanian® Homes brand [3]. - The company also develops active lifestyle communities, further solidifying its position in the homebuilding industry [3].

Zacks Investment Research has recently initiated the coverage of Hovnanian Enterprises, Inc. (HOV) , a prominent residential homebuilder, with a "Neutral" recommendation. This assessment reflects a balance between Hovnanian's strategic improvements in financial health and operational efficiencies against the backdrop of ongoing market challenges and competitive pressures. A cornerstone of Hovnanian's recent success has been its robust financial restructuring. The company has dramatically reduced its debt fr ...

MATAWAN, N.J., June 12, 2024 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE:HOV), a leading national homebuilder, today announced that S&P Global Ratings ("S&P") has upgraded Hovnanian's issuer credit rating to 'B' from 'B-' citing better than expected debt leverage, sustained community count growth, steady demand in home sales and a focus on cash flow management, which will allow the company to grow the business through internally generated cash flows as contributing factors in a press release issue ...

MATAWAN, N.J., June 05, 2024 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, announced that senior management will be presenting at the Sidoti June Virtual Investor Conference taking place on June 12-13, 2024. The presentation will begin at 11:30 am ET on June 13, 2024 and can be accessed live here: Zoom Link. Hovnanian will also host virtual one-on-ones with investors on Wednesday and Thursday, June 12-13, 2024. To register for the presentation or one-on-ones, v ...

Hovnanian Enterprises, Inc., founded in 1959 by Kevork S. Hovnanian, is headquartered in Matawan, New Jersey and, through its subsidiaries, is one of the nation's largest homebuilders with operations in Arizona, California, Delaware, Florida, Georgia, Maryland, New Jersey, Ohio, Pennsylvania, South Carolina, Texas, Virginia and West Virginia. The Company's homes are marketed and sold under the trade name K. Hovnanian® Homes. Additionally, the Company's subsidiaries, as developers of K. Hovnanian's® Four Sea ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended April 30, 2024 OR ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission file number 1-8551 Hovnanian Enterprises, Inc. (Exact Name of Registrant as Specified in Its Charter) Indicate by check mark whether the registrant: (1) has fil ...