HOVNANIAN ENTERPRISES, INC.

(HOV)
  Report
Delayed Nyse  -  04:00 2022-07-06 pm EDT
46.07 USD   -7.08%
06/28HOVNANIAN ENTERPRISES : Investor Presentation June 2022
PU
06/24HOVNANIAN ENTERPRISES, INC.(NYSE : HOV) dropped from Russell 3000 Value Index
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06/24HOVNANIAN ENTERPRISES, INC.(NYSE : HOV) added to Russell 3000 Growth Index
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Business Summary
Logo Hovnanian Enterprises, Inc.
Hovnanian Enterprises, Inc. through its subsidiaries, conducts all of its homebuilding and financial services operations. Its segment includes Homebuilding and Financial services. The Homebuilding segment consists of six segments: Northeast: New Jersey and Pennsylvania; Mid-Atlantic: Delaware, Maryland, Virginia, Washington D.C. and West Virginia; Midwest: Illinois and Ohio; Southeast: Florida, Georgia and South Carolina; Southwest: Arizona and Texas; and West: California. The operation of Homebuilding segments include the sale and construction of single-family attached and detached homes, attached town homes and condominiums, urban infill and active lifestyle homes in planned residential developments. It also includes sales of land. The Financial services segment provides mortgage banking and title services to the homebuilding operations customers. Its residential development activities include site planning and engineering, obtaining environmental and other regulatory approvals.

Number of employees : 1 784 people.
Sales per Business
20202021Delta
Homebuilding2 271.2796.9%2 701.1597.1% +18.93%
Financial Services72.163.1%81.692.9% +13.21%
Corporate and Unallocated0.47-0.02- -95.93%
USD in Million
Sales per region
20202021Delta
United States2 343.90100%2 782.86100% +18.73%
USD in Million
Managers
Name Title Age Since
Ara K. Hovnanian Director 63 1981
J. Larry Sorsby Chief Financial Officer, Director & Executive VP 65 2000
Paul Marabella Chief Information Officer & Vice President - -
Jeffrey T. O'Keefe Vice President-Investor Relations - 2004
Brad G. O'Connor Treasurer, Chief Accounting Officer & Senior VP 51 2020
Elizabeth D. Tice Secretary, Vice President & Corporate Counsel - -
Dan Klinger President-K. Hovnanian American Mortgage, LLC - -
Members of the board
Name Title Age Since
Ara K. Hovnanian Director 63 1981
Edward Kangas Independent Director 76 2003
Robert B. Coutts Independent Director 71 2006
Joseph A. Marengi Independent Director 67 2006
Vincent Pagano Independent Director 70 2013
Bonnie Stone Sellers Independent Director 68 2018
Miriam Hernandez-Kakol Independent Director 67 2022
J. Larry Sorsby Chief Financial Officer, Director & Executive VP 65 2000
Equities
Vote QuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 6,105,827 5,089,813 83.4% 470,430 7.7% 75.5%
Stock B 10 704,199 57,271 8.1% 27,669 3.9%
Stock C 0 5,600 0 0.0% 0 0.0%
Shareholders
NameEquities%
DG Capital Management LLC 267,797 4.77%
Kevork S. Hovnanian Family LP 247,140 4.40%
Renaissance Technologies LLC 226,905 4.04%
Park West Asset Management LLC 225,000 4.01%
The Vanguard Group, Inc. 217,853 3.88%
Steamboat Capital Partners LLC 215,258 3.83%
Luxor Capital Group LP 159,865 2.85%
Philadelphia Financial Management of San Francisco LLC 154,652 2.75%
EARNEST Partners LLC 152,162 2.71%
Avenue Capital Management II LP 149,776 2.67%
Company contact information
Hovnanian Enterprises, Inc.
90 Matawan Road
5th floor
Matawan, NJ 07747

Phone : +1.732.747.7800
Web : http://www.khov.com
Brand Portfolio
In partnership withAllbrands.markets
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Sector Residential Builders - Single Homes
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