Hovnanian Enterprises Inc. (HOV, Financial) experienced significant stock volatility with a dramatic plunge of 5.10%. The share price fell to $173.50 and saw a trading volume of 25,710 shares, marking a turnover rate of 0.42% and a price amplitude of 6.14%.
The company's recent financial report revealed revenues of $722 million, a net profit of $71.37 million, and earnings per share of $10.61. The gross profit was reported at $137 million, with a price-to-earnings ratio of 5.43. Currently, there are no institutional recommendations for buying, holding, or selling this stock.
In the residential construction sector, where Hovnanian operates, the overall decline was 1.81%. Meanwhile, stocks such as Springview Holdings Ltd, United Homes Group Inc C/Wts 30/03/2028 (To Pur Com), and Installed Building Products, Inc. saw notable gains. Kb Home, Springview Holdings Ltd, and Installed Building Products, Inc. were quite active, with turnover rates of 0.90%, 0.71%, and 0.52%, respectively. United Homes Group Inc C/Wts 30/03/2028 (To Pur Com), Springview Holdings Ltd, and United Homes Group, Inc showed significant amplitude at 24.11%, 13.31%, and 6.93%, respectively.
Hovnanian Enterprises Inc. specializes in residential construction and financial services, focusing on designing, building, marketing, and selling various types of homes and urban residential projects. The company operates its homebuilding business in three geographic segments: the Northeast, Southeast, and West, with the Western operations generating the most revenue.
