HOV - Hovnanian Enterprises, Inc.

NYSE - NYSE Delayed Price. Currency in USD
1.71
-0.09 (-5.00%)
At close: 4:06PM EDT
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Previous close1.80
Open1.80
Bid0.00 x 800
Ask1.90 x 21500
Day's range1.71 - 1.82
52-week range1.65 - 3.41
Volume2,955,701
Avg. volume1,321,957
Market cap251.059M
Beta1.24
PE ratio (TTM)N/A
EPS (TTM)-2.47
Earnings date5 Sep 2018 - 10 Sep 2018
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target est1.52
Trade prices are not sourced from all markets
  • Blackstone, Goldman Move Forward on Hovnanian CDS Trade
    Bloomberg Video29 days ago

    Blackstone, Goldman Move Forward on Hovnanian CDS Trade

    May.25 -- Blackstone Group LP bought a portion of the credit-default swaps Goldman Sachs Group wrote on homebuilder Hovnanian. Bloomberg's Jason Kelly reports on "Bloomberg Daybreak: Americas."

  • GlobeNewswire3 days ago

    Bonnie Stone Sellers Appointed to the Board of Directors of Hovnanian Enterprises

    Hovnanian Enterprises, Inc. (HOV), a leading national homebuilder, announced today that Bonnie Stone Sellers has been appointed to its Board of Directors effective immediately. The addition of Ms. Sellers expands Hovnanian’s Board of Directors to eight members, six of whom are independent directors. Ms. Sellers, who brings considerable expertise and over 35 years of global real estate experience, will also serve on the Board of Director’s Audit Committee and Corporate Governance and Nominating Committee.

  • Barrons.com3 days ago

    Solus Made Money From That CDS Litigation

    The dust is settling from a nasty hedge fund battle over credit-default swaps, enough that observers can now figure out who eked out a profit. The background: GSO Capital Partners, the credit hedge fund within Blackstone Group (BX), bought CDS tied to the debt of home builder Hovnanian Enterprises (HOV). The price of the cheapest outstanding bond set the price for the CDS, which GSO controlled by building supercheap debt. Solus Alternative Asset Management held the opposite position in CDS, and so would have had to pay up, should the CDS be triggered.

  • Barrons.com15 days ago

    [$$] Can the Credit-Default-Swap Market Be Fixed?

    Two hedge funds made a mess in a corner of the credit market. Firms including BlueMountain Capital, Citadel, Apollo Global Management, Elliott Management, Anchorage Capital Partners, and CQS have been holed up in Manhattan conference rooms and on calls for months, trying to fix credit-default-swap contracts, people close to the situation say. Maligned in the financial crisis, CDS are drawing scrutiny again.

  • Associated Press16 days ago

    Hovnanian: Fiscal 2Q Earnings Snapshot

    The Red Bank, New Jersey-based company said it had a loss of 7 cents per share. The homebuilder posted revenue of $502.5 million in the period. The company's shares closed at $2.01. A year ago, they were ...

  • GlobeNewswire16 days ago

    Hovnanian Enterprises Reports Fiscal 2018 Second Quarter Results

    Increases in Gross Margin Percentage, Contracts per Community and Lots Controlled Lower Community Count Continues to Challenge Results Solus Litigation Dismissed and Concluded Favorably for Hovnanian Company ...

  • GlobeNewswire16 days ago

    Market Trends Toward New Normal in Gridsum Holding, Wave Life Sciences, KT, BlackBerry, Kosmos Energy, and Hovnanian Enterprises — Emerging Consolidated Expectations, Analyst Ratings

    NEW YORK, June 07, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Gridsum ...

  • Is Hovnanian Enterprises Inc’s (NYSE:HOV) CEO Being Overpaid?
    Simply Wall St.23 days ago

    Is Hovnanian Enterprises Inc’s (NYSE:HOV) CEO Being Overpaid?

    Leading Hovnanian Enterprises Inc (NYSE:HOV) as the CEO, Ara Hovnanian took the company to a valuation of US$275.12M. Understanding how CEOs are incentivised to run and grow their company isRead More...

  • The Wall Street Journal24 days ago

    [$$] Blackstone Stands Down on Hovnanian Swaps Wager

    Inc. following an admonishment from U.S. regulators, ending a standoff with other investors that shook confidence in the multitrillion-dollar credit derivatives market. Blackstone’s GSO Capital Partners LP said Wednesday it was abandoning a complicated plan to collect payments from investors that wrote insurance-like contracts guaranteeing full payment on Hovnanian’s debts. GSO had bought these insurance instruments, known as credit default swaps, which pay out if Hovnanian were to default.

  • The Wall Street Journal29 days ago

    [$$] Scurria's Take: Winner Not Clear in Goldman-Blackstone Swaps Deal

    Inc. recently made peace with Blackstone Group Inc. over a controversial credit derivatives trade, a gentlemen’s agreement of sorts that lets both sides avoid a public confrontation. The deal between Goldman and Blackstone’s GSO Capital Partners LP resolves a high-stakes standoff over credit default swaps tied to Hovnanian, which borrowed money from GSO last year under an unusual arrangement.

  • GlobeNewswire29 days ago

    Research Report Identifies L.B. Foster, AVX, Professional Diversity Network, Park National, Towne Bank, and Hovnanian Enterprises with Renewed Outlook — Fundamental Analysis, Calculating Forward Movement

    NEW YORK, May 25, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of L.B. ...

  • The Wall Street Journallast month

    [$$] Goldman, Blackstone Make Peace in Credit-Derivative Standoff

    Goldman Sachs Group Inc. and Blackstone Group LP recently resolved a monthslong standoff over a controversial derivatives trade that had alarmed regulators and investors in the $11 trillion credit-default swaps market. The Wall Street giants had taken opposite sides of a bet on bonds issued by home builder Hovnanian Enterprises Inc. The trades, engineered by Blackstone’s GSO Capital Partners LP, involved the home builder intentionally skipping a small interest payment earlier this month in exchange for an attractive financing package from the private-equity house. Blackstone had bought insurance against a default, which would allow it to make money from the skipped interest payment.

  • GlobeNewswirelast month

    Hovnanian Enterprises Announces Second Quarter Fiscal Year 2018 Earnings Release and Conference Call

    Hovnanian Enterprises, Inc. (HOV), a leading national homebuilder, will release financial results for the second quarter ended April 30, 2018 the morning of Thursday, June 7, 2018. The Company will webcast its second quarter earnings conference call at 11:00 a.m. (ET) on Thursday, June 7, 2018. The conference call and accompanying slide presentation will be webcast live through the “Investor Relations” section of Hovnanian Enterprises’ website at http://www.khov.com.

  • The Wall Street Journallast month

    [$$] Hovnanian Abandons Debt Exchange Ahead of Swap Auction

    Inc. creditors snubbed a bond exchange proposal that could have eased the home builder’s debt load at the expense of credit default swap sellers. New Jersey-based Hovnanian abandoned the proposed $50 million debt exchange after failing to get enough investors to participate. Under a controversial deal with GSO, Hovnanian skipped a $1 million interest payment May 1 on company-issued bonds it repurchased and parked with an affiliate.

  • GlobeNewswirelast month

    K. Hovnanian Enterprises, Inc. Announces Expiration of Early Tender Deadline of Exchange Offer and Consent Solicitation

    MATAWAN, N.J., May 14, 2018-- Hovnanian Enterprises, Inc. announced today that, in connection with its wholly-owned subsidiary K. Hovnanian Enterprises, Inc.’ s previously announced private offer to exchange ...

  • Reactions split over California solar panel mandate
    CNBClast month

    Reactions split over California solar panel mandate

    California regulators approve a plan to mandate solar panels on new homes in the state. Some argue it's an investment, while others say the move will only hurt low-income residents.

  • Chastened by past demons, CFTC is quick to call out potential manipulation in credit derivatives
    CNBClast month

    Chastened by past demons, CFTC is quick to call out potential manipulation in credit derivatives

    The Commodity Futures Trading Commission has recently issued a much-needed warning in response to possible manipulation of CDS trades by a couple of the biggest names on Wall Street.

  • GlobeNewswire2 months ago

    Hovnanian Enterprises’ Presentation at the J.P. Morgan Homebuilding and Building Products Conference to Be Webcast Live

    RED BANK, N.J., May 08, 2018-- Hovnanian Enterprises, Inc., a leading national homebuilder, announced that senior management will be presenting at the J.P. Morgan Homebuilding and Building Products Conference ...

  • The Wall Street Journal2 months ago

    [$$] Blackstone Unit Acknowledges Hovnanian Swaps Backlash

    Hovnanian skipped an interest payment due Tuesday on bonds it repurchased and parked with an affiliate, opening the door for GSO to collect payouts on credit-default swaps that insure against nonpayment. It will be up to an International Swaps and Derivatives Association committee whether the default triggers credit-default-swaps contracts tied to Hovnanian debt. The nonpayment was required of the home-building company under a sweetheart-lending deal with GSO featuring off-market debt designed to maximize the payday.