Hovnanian traded at $96.16 this Friday May 15th, decreasing $6.42 or 6.26 percent since the previous trading session. Looking back, over the last four weeks, Hovnanian lost 8.17 percent. Over the last 12 months, its price fell by 13.77 percent. Looking ahead, we forecast Hovnanian to be priced at 94.23 by the end of this quarter and at 88.66 in one year, according to Trading Economics global macro models projections and analysts expectations.
Hovnanian Enterprises, Inc. is a builder of residential homes. The Company develops, constructs, markets and sells single-family detached homes, attached townhomes and condominiums, urban infill, and active lifestyle homes in planned residential developments. The Company’s segments include homebuilding and financial services. The homebuilding operations consist of six segments: Northeast: New Jersey and Pennsylvania; Mid-Atlantic: Delaware, Maryland, Virginia, Washington, District of Columbia, and West Virginia; Midwest: Illinois and Ohio; Southeast: Florida, Georgia and South Carolina; Southwest: Arizona and Texas, and West: California. The financial services operations provide mortgage loans and title services to the customers of its homebuilding operations. The Company's homes are marketed and sold under the trade name K.