Hovnanian Enterprises

HOV · NYSE

$95.18+$4.43 (+4.88%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $90.75

HOV analyst rating

SellConsensus of 1 analyst over the last 12 months. 0% rate it a buy.

Strong buy0
Buy0
Hold0
Underperform1
Sell0

12-month price target · 2 analysts

Average $75.48 (−20.7% downside)

Low: $74.74
Now: $95.18
High: $77.70

Upgrades and downgrades

The latest rating actions, newest first

HOV analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Citizens	Apr 9, 2026	Initiates	Market Underperform	$74.00	27%

The case for and against

Updated Feb 9, 2026

Bull case

Hovnanian Enterprises Inc. demonstrated significant improvement in its financial outlook as evidenced by an increase in pretax joint venture income estimates, rising from $7 million to $10 million. Additionally, the company successfully implemented price increases in approximately 20% of its communities, particularly in the Mid-Atlantic and Northeast markets, reflecting a strengthening demand. Order comparisons also showed positive momentum, with a year-over-year performance showing a 7% increase in July, following a 1% increase in June, highlighting a recovering market environment for the company.

Bear case

Hovnanian Enterprises is projected to experience a sequential decline in book value from FY25 to FY26, attributed to an increase in the estimated share count for FY26 compared to FY25. Furthermore, the company's third-quarter fiscal 2025 gross margin fell short of expectations, and the outlook for the fourth quarter remains similarly bleak, indicating persistent challenges in maintaining profitability. Competitive pressures on gross margins have intensified more than anticipated during calendar year 2025, contributing to a deteriorating financial outlook for the company.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.