|Bid||15.33 x 3000|
|Ask||15.37 x 800|
|Day's Range||14.75 - 15.49|
|52 Week Range||10.58 - 52.25|
|Beta (3Y Monthly)||1.69|
|PE Ratio (TTM)||5.26|
|Earnings Date||Jun 5, 2019 - Jun 10, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||11.00|
The president of Orlando-based Hanover Capital Partners LLC along the way has built up multiple homebuilding operations that were sold to publicly traded companies.
Hovnanian Enterprises (NYSE:HOV) announced on Friday that the company had executed a reverse stock split that played a role in HOV stock plummeting more than 20% by day's end.The Red Bank, New Jersey-based real estate company said that it executed a 1-for-25 reverse stock split, playing a role in the stock trading on a split-adjusted basis as of 12:01 a.m. Eastern time today. The business' stock had closed at 55 cents per share on Thursday, which amounts to roughly $13.75 per share on a split-adjusted basis, which played a role in the stock trading 9.8% that amount in premarket trading.On a pre-split basis, the stock had closed below $1.00 since Dec. 14, and the company said that it decided to make the move towards the reverse split with the goal of regaining compliance with the New York Stock Exchange. The market has a minimum average closing price requirement that Hovnanian had to meet in order to remain listed.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe company's stock has declined about 70% over the last 12 months through Thursday. Hovnanian, which was founded back in the late 1950s by Kevork Hovnanian, brought in revenue of more than $1.9 billion in its fiscal 2018. The business does every element of home marketing, including the design, construction and sales of it.HOV stock is sinking about 21.2% on Friday following the company's announcement, now selling at $13.75 per share on a split adjusted basis. More From InvestorPlace * 7 Marijuana Stocks to Play the CBD Trend * 7 Reasons to Buy Housing Stocks in 2019 * 8 Genomic Testing Stocks That Can Ease the Sting of Theranos Compare Brokers The post Hovnanian News: HOV Stock Tumbles on Reverse Stock Split appeared first on InvestorPlace.
Hovnanian Enterprises Inc. said Friday it executed a 1-for-25 reverse stock split, with the stock trading on a split-adjusted basis as of 12:01 a.m. Eastern. The home builder's stock closed Thursday at 55 cents, which on a split-adjusted basis would be $13.75. The was trading 9.8% below that level in premarket trading. On a pre-split basis, the stock had closed below $1.00 since Dec. 14. The company said the reverse split was intended to regain compliance with the NYSE's minimum average closing price requirement. It has tumbled 70% over the past 12 months through Thursday, while the iShares U.S. Home Construction ETF has lost 10.3% and the S&P 500 has gained 6.6%.
Hovnanian Enterprises, Inc. (HOV), a leading national homebuilder, announced today the completion of a 1-for-25 reverse stock split of the Company’s outstanding and treasury shares of its Class A common stock and Class B common stock, together with a proportionate reduction in the number of authorized shares of each such class. The par value of the Company’s common stock was unchanged at $0.01 per share after the reverse stock split. The reverse stock split became effective at 12:01 am on March 29, 2019 and the Company’s shares of Class A common stock will begin trading on a split adjusted basis on the New York Stock Exchange (“NYSE”) when the market opens on March 29, 2019 under the Company’s existing symbol “HOV.” The Company’s Class A common stock has been assigned a new CUSIP number of 442487401 and the Company’s Class B common stock has been assigned a new CUSIP number of 442487500 in connection with the reverse stock split.
11% Sequential Increase in Consolidated Community CountConsolidated Lots Controlled Grew 11% Year-over-YearFebruary Net Contracts Rebound to Above Last Year’s Strong Levels.
WASHINGTON—The standard-setters for the derivatives industry plan to limit the use of a product sold to insure against corporate defaults, following disputes over whether some companies engineered a default to trigger payouts to investors. The proposal by the International Swaps and Derivatives Association is intended to block moves similar to one made between Blackstone Group and Hovnanian Enterprises Inc. Last year, Hovnanian moved to default on its debts to produce a payout to Blackstone’s GSO Capital Partners LP. Hovnanian was healthy enough to meet its payment obligations, prompting a campaign by regulators to get the parties to back down from the arrangement before it was completed.
MATAWAN, N.J., Feb. 21, 2019 -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, will release financial results for the first quarter ended January 31,.
Hovnanian Enterprises, Inc. (HOV) (“Hovnanian” or the “Company”), a leading national homebuilder, announced today that it will be requesting shareholder approval at its annual meeting on March 19, 2019 for amendments to its restated certificate of incorporation that will enable the Company to conduct a reverse stock split. The details of the proposed reverse stock split are provided in the Company’s preliminary proxy statement filed with the Securities and Exchange Commission (“SEC”) on January 11, 2019.
Hovnanian Enterprises Inc is an American construction company. Hovnanian Enterprises Inc had annual average EBITDA growth of 46.80% over the past five years. Warning! GuruFocus has detected 3 Warning Signs with HOVNP.PFD.
NEW YORK, Dec. 11, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
On a per-share basis, the Matawan, New Jersey-based company said it had net income of 29 cents. The homebuilder posted revenue of $614.8 million in the period. For the year, the company reported net income ...
Reported Fourth Quarter Net Income of $46 MillionExceeded or Met GuidanceConsolidated Lots Controlled Grew 20% Year-over-Year MATAWAN, N.J., Dec. 06, 2018 -- Hovnanian.
Ara Hovnanian became the CEO of Hovnanian Enterprises Inc (NYSE:HOV) in 1997. This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar Read More...
Stocks that moved substantially or traded heavily Tuesday: Bank of America Corp. (BAC), down $1.55 to $26.99 Banks fell more than the rest of the market as bond yields dropped sharply, which makes it harder ...
Trade issues will hang over the markets, but focus will quickly move back to the Fed and Chairman Jerome Powell when he speaks before Congress on the economy Wednesday. Stocks rallied on Powell's comments in the past week and markets began to price in a lower number of Fed rate hikes. The economy will also be of big interest, with Friday's jobs report and other data potentially revealing whether traders were correct in worrying about whether the Fed's forecast for four more rate hikes is too aggressive.
Trade relations between China and the U.S. overshadow most everything as stocks enter the month of December, but in the week ahead the Fed and U.S. economy come back into play with important Fed testimony and the November employment report.
Hovnanian Enterprises Inc (NYSE:HOV), which is in the consumer durables business, and is based in United States, saw significant share price volatility over the past couple of months on the Read More...
MATAWAN, N.J., Nov. 26, 2018 -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, will release financial results for the fourth quarter and fiscal year.
Hovnanian Enterprises Chairman, CEO and President Ara Hovnanian tells FOX Business’ Liz Claman that the housing market can adjust to the Fed raising interest rates at a steady pace.
New home sales dropped 5.5% in the month of September, according to new data from the Department of Commerce. It's just the latest sign that housing is weakening. Yahoo Finance's Seana Smith, Adam Shapiro, Andy Serwer and Melody Hahm discuss.