Hovnanian Enterprises (NYSE:HOV) Shares Gap Down – What’s Next?

Posted by Stanley Muller on Jun 12th, 2026

Hovnanian Enterprises Inc (NYSE:HOV – Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $120.87, but opened at $116.00. Hovnanian Enterprises shares last traded at $122.8850, with a volume of 30,658 shares traded.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on HOV. Weiss Ratings downgraded shares of Hovnanian Enterprises from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 8th. Citizens Jmp began coverage on shares of Hovnanian Enterprises in a research note on Thursday, April 9th. They issued a “market underperform” rating and a $74.00 price target on the stock. Finally, Wall Street Zen raised shares of Hovnanian Enterprises from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $97.00.

View Our Latest Analysis on Hovnanian Enterprises

Hovnanian Enterprises Price Performance

The stock has a market capitalization of $737.03 million, a P/E ratio of 34.09 and a beta of 1.84. The stock’s fifty day moving average is $110.16 and its 200-day moving average is $113.03. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.50 and a quick ratio of 0.40.

Hovnanian Enterprises (NYSE:HOV – Get Free Report) last issued its quarterly earnings data on Thursday, May 21st. The construction company reported ($0.46) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($2.04) by $1.58. The firm had revenue of $667.65 million during the quarter, compared to analysts’ expectations of $626.40 million. Hovnanian Enterprises had a net margin of 1.25% and a return on equity of 11.23%.

Institutional Investors Weigh In On Hovnanian Enterprises

A number of hedge funds have recently bought and sold shares of HOV. Marshall Wace LLP boosted its holdings in Hovnanian Enterprises by 686.3% during the fourth quarter. Marshall Wace LLP now owns 42,460 shares of the construction company’s stock valued at $4,142,000 after acquiring an additional 37,060 shares during the period. Towle & Co. lifted its stake in shares of Hovnanian Enterprises by 51.2% in the fourth quarter. Towle & Co. now owns 99,402 shares of the construction company’s stock valued at $9,696,000 after buying an additional 33,681 shares during the period. Empowered Funds LLC grew its position in Hovnanian Enterprises by 46.5% during the first quarter. Empowered Funds LLC now owns 73,146 shares of the construction company’s stock worth $8,113,000 after buying an additional 23,234 shares in the last quarter. State Street Corp increased its stake in Hovnanian Enterprises by 8.6% during the fourth quarter. State Street Corp now owns 228,613 shares of the construction company’s stock valued at $22,299,000 after acquiring an additional 18,086 shares during the period. Finally, Sei Investments Co. increased its stake in Hovnanian Enterprises by 101.9% during the first quarter. Sei Investments Co. now owns 35,288 shares of the construction company’s stock valued at $3,914,000 after acquiring an additional 17,811 shares during the period. 65.40% of the stock is currently owned by institutional investors.

Hovnanian Enterprises Company Profile

(Get Free Report)

Hovnanian Enterprises, Inc is a publicly traded homebuilding company primarily engaged in the acquisition, development and construction of residential properties. Headquartered in Red Bank, New Jersey, the company operates through a network of regional homebuilding divisions that design and deliver a range of housing solutions, including single-family detached homes, townhomes and condominiums. Hovnanian combines land development, architectural design and construction services with in-house mortgage and insurance offerings to provide a comprehensive homebuying experience.

The company markets its communities under several branded product lines tailored to different buyer segments and price points.