Ultime notizie per Hovnanian Enterprises (NYSE:HOV) Azioni

Hovnanian Enterprises

Hovnanian Enterprises Inc conducts all of its homebuilding and financial services operations . The company designs, constructs, markets, and sells single-family detached homes, attached townhomes and condominiums, urban infill, and active lifestyle homes in planned residential developments. It has two distinct operations: homebuilding and financial services. Its homebuilding operations are divided geographically into three segments; Northeast which includes Delaware, Maryland, New Jersey, Ohio, Pennsylvania, Virginia and West Virginia; Southeast which includes Florida, Georgia and South Carolina; and West which includes Arizona, California and Texas. The firm generates maximum revenue from West Segment.

Hovnanian Enterprises, Inc. Class A Common Stock

Hovnanian Enterprises Inc

Hovnanian Enterprises Inc - Depositary Share representing 1/1000th of 7.625% Series A Preferred Stock

New Horizon Aircraft Ltd. - Class A Ordinary Shares

New Horizon Aircraft Ltd

HOVNANIAN ENTRPRS B NEW by Hovnanian Enterprises, Inc.

U.S. stocks settled lower on Friday, with the Dow Jones index falling more than 700 points during the session following Israel&#8217;s surprise airstrike on Iranian nuclear sites.
Wall Street analysts make new stock picks on a daily basis. Unfortunately for investors, not all analysts have particularly impressive track records at predicting market movements. Even when it comes to one single stock, analyst ratings and price targets can vary widely, leaving investors confused about which analyst&#8217;s opinion to trust.
Benzinga&#8217;s Analyst Ratings API is a collection of the highest-quality stock ratings curated by the Benzinga news desk via direct partnerships with major sell-side banks. Benzinga displays overnight ratings changes on a daily basis three hours prior to the U.S. equity market opening. Data specialists at investment dashboard provider Toggle.ai recently uncovered that the analyst insights Benzinga Pro subscribers and Benzinga readers regularly receive can successfully be used as trading indicators to outperform the stock market.
Top Analyst Picks: Fortunately, any Benzinga reader can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. One of the ways traders can sort through Benzinga&#8217;s extensive database of analyst ratings is by analyst accuracy. Here&#8217;s a look at the most recent stock picks from each of the five most accurate Wall Street analysts, according to Benzinga <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock</a> Ratings.
Analyst: Leo Mariani
<ul class="wp-block-list">
<li>Analyst Firm: Roth Capital</li>
<li>Ratings Accuracy: 87%</li>
<li>Latest Rating: Initiated coverage on Prairie Operating Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PROP#NASDAQ">PROP</a>) with a Buy rating and a price target of $8 on June 12. This analyst sees around 104% upside in the stock.</li>
<li>Recent News: On June 9, Prairie Operating reaffirmed $1 billion, multi-year reserve-based lending credit facility with Citibank.</li>
</ul>
Analyst: Josh Sullivan
<ul class="wp-block-list">
<li>Analyst Firm: Benchmark</li>
<li>Ratings Accuracy: 87%</li>
<li>Latest Rating: Maintained a Buy rating on TAT Technologies Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TATT#NASDAQ">TATT</a>) and raised the price target from $35 to $36 on June 11. This analyst sees around 30% surge in the stock.</li>
<li>Recent News: On May 29, TAT Technologies announced the pricing of public offering of ordinary shares and secondary offering by selling shareholders.</li>
</ul>
Analyst: Andres Sheppard 
<ul class="wp-block-list">
<li>Analyst Firm: Cantor Fitzgerald</li>
<li>Ratings Accuracy: 86%</li>
<li>Latest Rating: Downgraded rating on Joby Aviation, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JOBY#NYSE">JOBY</a>) from Overweight to Neutral with a price target of $9 on June 12. This analyst sees around 2% upside in the stock.</li>
<li>Recent News: On June 3, Joby Aviation announced a new agreement to explore distribution and service partnerships in Saudi Arabia with Abdul Latif Jameel.</li>
</ul>
Analyst: Jay McCanless
<ul class="wp-block-list">
<li>Analyst Firm: Wedbush</li>
<li>Ratings Accuracy: 86%</li>
<li>Latest Rating: Reiterated a Neutral rating on Hovnanian Enterprises, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HOV#NYSE">HOV</a>) with a price target of $120 on June 11. This analyst sees around 29% upside in the stock.</li>
<li>Recent News: On May 20, Hovnanian Enterprises reported worse-than-expected second-quarter financial results.</li>
</ul>
Analyst: Doug Anmuth
<ul class="wp-block-list">
<li>Analyst Firm: JP Morgan</li>
<li>Ratings Accuracy: 86%</li>
<li>Latest Rating: Maintained an Overweight rating on Chewy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHWY#NYSE">CHWY</a>) and boosted the price target from $36 to $47 on June 12. This analyst sees around 12% upside in the stock.</li>
<li>Recent News: On June 11, Chewy reported a first-quarter 2025 adjusted earnings of 35 cents per share, up 12.9% year-over-year, beating the consensus of $34 cents and the management guidance of 30-35 cents.</li>
</ul>
Read More:
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</ul>
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Wedbush analyst Jay McCanless reiterates Hovnanian Enterprises (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HOV#NYSE">HOV</a>) with a Neutral and maintains $120 price target.

Reiteration

Wedbush Reiterates Neutral on Hovnanian Enterprises, Maintains $120 Price Target

WIIM

Hovnanian Enterprises shares are trading lower after the company reported worse-than-expected Q2 financial results.

Hovnanian Enterprises (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HOV#NYSE">HOV</a>) sees Q3 sales of $750.000 million-$850.000 million vs $742.50 million analyst estimate.

Guidance

Hovnanian Enterprises Sees Q3 Sales $750.000M-$850.000M vs $742.50M Est

Hovnanian Enterprises (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HOV#NYSE">HOV</a>) reported quarterly earnings of $2.43 per share which missed the analyst consensus estimate of $2.45 by 0.82 percent. This is a 63.51 percent decrease over earnings of $6.66 per share from the same period last year. The company reported quarterly sales of $686.47 million which missed the analyst consensus estimate of $733.20 million by 6.37 percent. This is a 3.09 percent decrease over sales of $708.38 million the same period last year.

Earnings

Earnings Misses

Hovnanian Enterprises Q2 GAAP EPS $2.43 Misses $2.45 Estimate, Sales $686.47M Miss $733.20M Estimate

Hovnanian Enterprises (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HOV#NYSE">HOV</a>) will release its quarterly earnings report on Tuesday, 2025-05-20. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate Hovnanian Enterprises to report an earnings per share (EPS) of $2.45.
The market awaits Hovnanian Enterprises's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.
It's important for new investors to understand that guidance can be a significant driver of stock prices.
<h3>Earnings Track Record</h3>
During the last quarter, the company reported an EPS beat by $0.87, leading to a 0.34% drop in the share price on the subsequent day.
Here's a look at Hovnanian Enterprises's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q1 2025</th>
<th>Q4 2024</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>2.71</td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>EPS Actual</td>
<td>3.58</td>
<td>12.79</td>
<td>9.75</td>
<td>6.66</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-0.0%</td>
<td>-4.0%</td>
<td>-4.0%</td>
<td>-5.0%</td>
</tr>
</tbody>
</table>

<h3>Hovnanian Enterprises Share Price Analysis</h3>
Shares of Hovnanian Enterprises were trading at $111.51 as of May 16. Over the last 52-week period, shares are down 35.71%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<a href="https://www.benzinga.com/quote/HOV/earnings">To track all earnings releases for Hovnanian Enterprises visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What to Expect from Hovnanian Enterprises's Earnings

Hovnanian Enterprises Announces Strategic Partnership Between K. Hovnanian M.E. Investments And Saudi Arabia's NHC To Advance Vision 2030

Hovnanian Enterprises shares are trading lower after the company reported worse-than-expected Q1 revenue results and issued Q2 revenue guidance below estimates.

The major indices struggled to maintain early momentum on Monday, but appear to climbing back with the S&amp;P 500 and Dow Jones both green<a href="https://www.benzinga.com/markets/forex/25/02/43908232/asia-and-europe-markets-mixed-futures-rebound-ahead-of-nvidia-earnings-global-markets-today-while-us-slept"> in midday trading.&nbsp;</a>
Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) shares fell 1.05%, reaching a 28-week low of $399.62, following reports that the company<a href="https://www.benzinga.com/25/02/43917474/microsoft-cancels-major-data-center-leases-raises-questions-on-ai-expansion-strategy"> canceled leases</a> for data center capacity in the U.S. Other tech giants also faced pressure with Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) dropping 1.33%, Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) declining 0.34% and Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) falling 1.55%.
In contrast, Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) shares bucked the trend, rising approximately 1% after <a href="https://www.benzinga.com/25/02/43912279/apples-500-billion-bet-is-the-stock-ready-to-shine-or-stumble">announcing plans</a> for a $500 billion investment in the US over the next four years, along with the creation of 20,000 new jobs.
Read Next:<a href="https://www.benzinga.com/government/regulations/25/02/43903335/financial-crime-weekly-1-4-billion-ethereum-stolen-in-largest-crypto-hack-ever-sec-creates-cyber-and-emerging-technologies-unit"> Financial Crime Weekly: $1.4 Billion Ethereum Stolen In Largest Crypto Hack Ever, SEC Creates Cyber And Emerging Technologies Unit</a>
Investors are closely watching NVIDIA Corp.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) upcoming quarterly earnings report, scheduled for release on Wednesday. The chipmaker&#8217;s stock was down about 0.4% ahead of the announcement.&nbsp;
Natural gas futures fell more than 6% toward $43.9/MMBtu, retreating from a 25-month high reached last week after prices surged more than 16% as Arctic air increased demand and reduced supply.&nbsp;
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) was down slightly Monday and remains range-bound near the $95,000 level.&nbsp;
<h1 class="wp-block-heading">Monday&#8217;s Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1 day % chg.</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>19,463.98</td>
<td>-0.31%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>6,022.48</td>
<td>0.16%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>43,612.15</td>
<td>0.42%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,191.65</td>
<td>-0.17%</td>
</tr>
</tbody>
</table>
</figure>
According to Benzinga Pro data:
<ul>
<li>The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) was up 0.23% to $601.32.&nbsp;</li>
<li>The SPDR Dow Jones Industrial Average (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) climbed 0.51% at $436.31.&nbsp;</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) dipped 0.22% to $524.94.&nbsp;</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) eased 0.06% to $217.67.&nbsp;</li>
<li>The Consumer Discretionary Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) was up 0.17% to $218.77.</li>
<li>The Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) rose 0.45% to $91.34.&nbsp;&nbsp;</li>
</ul>
<h1 class="wp-block-heading">Monday's Stock Movers</h1>
Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) shares continued to sell off, extending losses to more than 22% over the past five sessions. Robinhood Markets, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) shares also extended their losing streak to six straight sessions, down 3% in midday trading.&nbsp;
Stocks reacting to company earnings reports included:&nbsp;
<ul>
<li>Domino's Pizza Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DPZ#NASDAQ">DPZ</a>)&nbsp;</li>
<li>Gran Tierra Energy Inc. (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GTE#AMEX">GTE</a>)&nbsp;</li>
<li>Kosmos Energy Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KOS#NYSE">KOS</a>)&nbsp;</li>
<li>Summit Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMMT#NASDAQ">SMMT</a>)</li>
<li>Hovnanian Enterprises, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HOV#NYSE">HOV</a>)</li>
</ul>
Companies reporting after Monday's closing bell include:&nbsp;
<ul>
<li>Bridge Investment Group Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRDG#NYSE">BRDG</a>)</li>
<li>Diamondback Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NASDAQ">FANG</a>)&nbsp;</li>
<li>Viper Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VNOM#NASDAQ">VNOM</a>)&nbsp;</li>
<li>Hims &amp; Hers Health, Inc. &nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIMS#NYSE">HIMS</a>)</li>
<li>Zoom Communications Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>)</li>
<li>Riot Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>)&nbsp;</li>
<li>Cleveland-Cliffs Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>)&nbsp;</li>
<li>Chegg Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHGG#NYSE">CHGG</a>)&nbsp;</li>
</ul>
Read Next:<a href="https://www.benzinga.com/25/02/43836832/trump-administration-orders-sweeping-pentagon-cuts-defense-sector-stocks-on-watch">&nbsp;</a>
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<li><a href="https://www.benzinga.com/25/02/43836832/trump-administration-orders-sweeping-pentagon-cuts-defense-sector-stocks-on-watch">Trump Administration Orders Sweeping Pentagon Cuts: Palantir, Lockheed Martin, General Dynamics Among Stocks On Watch</a></li>
</ul>
Image: Shutterstock

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Select Sector SPDR-Consumer Discretionary

Palantir Extends Losses, Microsoft Slides: What's Driving Markets Monday?

For the second quarter of fiscal 2025, total revenues are expected to be between $675 million and $775 million, adjusted homebuilding gross margin is expected to be between 17.5% and 18.5%, adjusted income before income taxes is expected to be between $20 million and $30 million and adjusted EBITDA is expected to be between $50 million and $60 million.

Hovnanian Enterprises Expects Q2 Revenue Of $675M-$775M Vs. $821.8M Est., Adj EBITDA Of $50M-$60M

Hovnanian Enterprises (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HOV#NYSE">HOV</a>) reported quarterly earnings of $3.58 per share. This is a 23.02 percent increase over earnings of $2.91 per share from the same period last year. The company reported quarterly sales of $673.62 million which missed the analyst consensus estimate of $705.80 million by 4.56 percent. This is a 13.37 percent increase over sales of $594.20 million the same period last year.

Hovnanian Enterprises Q1 2025 GAAP EPS $3.58 Up From $2.91 YoY, Sales $673.62M Miss $705.80M Estimate

All three major U.S. stock indices are down Friday as traders reacted to several sets of fresh data that raised concerns about<a href="https://www.benzinga.com/25/02/43877634/us-stocks-fluctuate-in-preopen-volatility-doesnt-equal-financial-loss-unless-you-sell-says-expert"> the economic outlook.&nbsp;</a>
The University of Michigan consumer sentiment index fell to 64.7 in January, a decline of 10% and a steeper drop than expected. The 5-year inflation outlook in the survey is the highest since 1995 at 3.5% 
Existing home sales sank by 4.9% to a seasonally adjusted rate of 4.08 million in January, the sharpest decline in seven months, according to Trading Economics.&nbsp;
Read Next: <a href="https://www.benzinga.com/general/market-summary/25/02/43884153/us-services-drop-sharply-darkening-picture-of-high-prices-uncertainty-economist-says">US Services Drop Sharply: &#8216;Darkening Picture&#8217; Of High Prices, Uncertainty, Economist Says</a>
February's flash S&amp;P Global PMIs released <a href="https://www.benzinga.com/general/market-summary/25/02/43884153/us-services-drop-sharply-darkening-picture-of-high-prices-uncertainty-economist-says">Friday morning </a>revealed a sharp, unexpected drop in services and raised concerns about the health of the private sector.&nbsp;
"The upbeat mood seen among US businesses at the start of the year has evaporated, replaced with a darkening picture of heightened uncertainty, stalling business activity and rising prices," said Chris Williamson, chief business economist at S&amp;P Global Market Intelligence.&nbsp;
Natural gas futures rose another 4.5% Friday to $4.3/MMBtu, hitting a 25-month high as cold weather increased heating demand and disrupted production. The United States Natural Gas Fund LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNG#NYSE">UNG</a>), tracking the daily price movements of natural gas futures contracts, climbed 3.2%.&nbsp;
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) was volatile as crypto markets reacted to a $1.4 billion Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) hack targeting Bybit&#8217;s cold wallet, <a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43886224/bybit-founder-confirms-1-4-billion-ethereum-hack-blames-masked-transaction">one of the largest</a> security breaches in recent history.
<h2 class="wp-block-heading">Friday's Performance In Major US Indices, ETFs</h2>
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1 day % chg.</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>19,753.44</td>
<td>-1.05%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>6,069.73</td>
<td>-0.78%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>43,739.57</td>
<td>-0.99%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,231.48</td>
<td>-1.34%</td>
</tr>
</tbody>
</table>
</figure>
<h2 class="wp-block-heading">Friday's Stock Movers:&nbsp;</h2>
Shares of UnitedHealth Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) slumped nearly 9% after the Wall Street Journal reported the Department of Justice launched an investigation into the company&#8217;s Medicare billing practices.
Stocks reacting to company earnings reports included:&nbsp;
<ul>
<li>Solaris Energy Infrastructure, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SEI#NYSE">SEI</a>) </li>
<li>Iamgold Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAG#NYSE">IAG</a>) </li>
<li>Celsius Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CELH#NASDAQ">CELH</a>) </li>
<li>Glaukos Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GKOS#NYSE">GKOS</a>) </li>
<li>MercadoLibre, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MELI#NASDAQ">MELI</a>) </li>
<li>The RealReal, Inc. (NASADQ:REAL) </li>
<li>Nu Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NU#NYSE">NU</a>)</li>
<li>Globant S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLOB#NYSE">GLOB</a>) </li>
<li>Block, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYZ#NYSE">XYZ</a>) </li>
<li>Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) </li>
</ul>
Companies reporting on Monday included:&nbsp;
<ul>
<li>Domino&#8217;s Pizza Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DPZ#NASDAQ">DPZ</a>) </li>
<li>Zoom Communications, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>) </li>
<li>Diamondback Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NASDAQ">FANG</a>) </li>
<li>Kosmos Energy Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KOS#NYSE">KOS</a>) </li>
<li>Summit Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMMT#NASDAQ">SMMT</a>) </li>
<li>Hovnanian Enterprises, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HOV#NYSE">HOV</a>) </li>
</ul>
Read Next:
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<li><a href="https://www.benzinga.com/25/02/43836832/trump-administration-orders-sweeping-pentagon-cuts-defense-sector-stocks-on-watch"> Trump Administration Orders Sweeping Pentagon Cuts: Palantir, Lockheed Martin, General Dynamics Among Stocks On Watch</a></li>
</ul>
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Consumer Sentiment Drops 10%, UnitedHealth Under Investigation: What's Driving Markets Friday?

Zelman &amp; Assoc analyst Jesse Lederman downgrades Hovnanian Enterprises (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HOV#NYSE">HOV</a>) from Neutral to Underperform.

Downgrades

Zelman & Assoc Downgrades Hovnanian Enterprises to Underperform

BLDR

Shares of homebuilders, construction and household durables stocks are trading lower. The sector has been under pressure amid tariff uncertainty.

Most of the time, we ignore insider selling. Insiders can sell for a host of reasons, such as estate planning, life changes, and liquidity needs.
At younger, fast-growing companies, insiders are much more likely to be sellers, as insiders cash in returns on their initial investments in the company.
A stock sale by a corporate VP who needs a few hundred grand to pay his kid&#8217;s Harvard tuition bill has little to do with the company&#8217;s future expectations.
Academic research and practical experience demonstrate that insider or open market purchases are more important than insider selling.
There is, of course, an exception to the rule. When we see a group of insiders selling stocks near 52-week lows, there is valuable information to be gained. It is highly unlikely that they all needed cash for tuition or a dream home at the same time.
Unless several insiders had an emergency need for cash simultaneously that was so dire they would sell a stock at a low price, an insider selling cluster near the lows tells us something important.
In the immortal words of Sherlock Holmes, &#8220;The game is afoot!&#8221;
Something is happening at the company that has several insiders of the opinion that they need to sell now, as a higher price is unlikely to be in the cards for the foreseeable future. Something has gone wrong, or the company&#8217;s product is falling out of favor.
You and I may not be able to determine precisely what is bad, but the combination of weak price action and insider selling clearly indicates that something is amiss.
That appears to be the case at Constellation Brands (Ticker: STZ). While its core products rarely go out of demand, shares of the beer, wine, and spirits company have been extraordinarily weak over the past year. Insiders have been selling as the stock price declined.
Did insiders know or suspect the Surgeon General would announce the need for a cancer warning on alcohol bottles?
&nbsp;Is there some shift in the public&#8217;s desire for intoxicating beverages? We do not know. The Securities and Exchange Commission requires that insiders announce transactions.
They do not require them to provide their reasoning.
We do know that sales growth has been slowing, earnings are falling, and Wall Street analysts have been lowering their estimates for the next year. If insiders saw some light at the end of the tunnel, we would expect to see some buying.
We have not.
&nbsp;Instead, we have seen a steady stream of sales from the company&#8217;s top executives, including the CEO.
The stock could reverse course and go higher. That would not be the smart play until insiders express their belief in the future with their cash.
We are also seeing a cluster of insider selling in stocks that have dropped close to the 52-week lows in the same industry.
The odds of executives and directors at several companies in the same industries all having immediate cash needs are so small that this grabs my attention.
We know that there is a shortage of houses in the United States. With a 4% average rate for people with a mortgage and more than half of all homes owned by folks over 55, a massive shortage of existing home inventory has developed. It is not going to change anytime soon.
That should spell boom times ahead for builders, but that has not developed yet. While we may see more activity in 2025 than in 2024, it will still be well below the historic average of building activity.
As we start the year, there is a lot of uncertainty about the economy and interest rates. Mortgage rates are highly unlikely to return to 2021 levels, and there is a whole generation of buyers that are struggling to wrap their heads around the new normal.
Some builders may be talking about great earnings for the year, but we are seeing many insiders quietly selling stock to tuck some cash away for a rainy day. They are selling despite recent price weakness.
&nbsp;Dream Finders (Ticker: DFH), Hovnanian (Ticker: HOV), and Landsea Homes (Ticker: LSEA) have seen clusters of selling near the 52-week lows in the last few months.
I am a big believer in the eventual boom cycle for homebuilders.
Either that or we become a nation of renters like we were before the GI Bill and 30-year mortgage created the modern American dream of the house with two cars in the garage, a white picket fence, and a homeowners association that would make Stalin blush with envy.
Right now, industry fundamentals are uneven, and insiders are less than enthusiastic. When we see a cluster of insiders buying at several homebuilders, it will be time to be enthusiastic buyers. That time is not now.

Opinion

LSEA

C-Suite Buy of the Week: Discover What Insider Selling Patterns Mean for Your Investments

IESC

Shares of homebuilders, construction and household durables stocks are trading lower amid overall market weakness following the Fed's rate decision to cut rates by 25 basis points.

Wedbush analyst Jay McCanless initiates coverage on Hovnanian Enterprises (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HOV#NYSE">HOV</a>) with a Neutral rating and announces Price Target of $155.

Initiation

Wedbush Initiates Coverage On Hovnanian Enterprises with Neutral Rating, Announces Price Target of $155

The Company is providing guidance for total revenues, adjusted homebuilding gross margin, adjusted income before income taxes and adjusted EBITDA for the first quarter of fiscal 2025. Financial guidance below assumes no adverse changes in current market conditions, including deterioration in our supply chain or material increases in mortgage rates, inflation or cancellation rates, and excludes further impact to SG&amp;A expenses from phantom stock expense related solely to stock price movements from the closing price of $176.04 on October 31, 2024.
For the first quarter of fiscal 2025, total revenues are expected to be between $650 million and $750 million, adjusted homebuilding gross margin is expected to be between 17.5% and 18.5%, adjusted income before income taxes is expected to be between $25 million and $35 million and adjusted EBITDA is expected to be between $55 million and $65 million.

Hovnanian Enterprises Expects Q1 Revenue Of $650M-$750M, Adjusted EBITDA Of $55M-$65M

Hovnanian Enterprises (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HOV#NYSE">HOV</a>) reported quarterly earnings of $12.79 per share. This is a 1.99 percent decrease over earnings of $13.05 per share from the same period last year. The company reported $979.64 million in sales this quarter. This is a 10.44 percent increase over sales of $887.03 million the same period last year.

Hovnanian Enterprises Q4 EPS $12.79 Down From $13.05 YoY, Sales $979.64M Up From $887.03M YoY

GRBK

LGIH

LOVE

ROCK

TMHC

Shares of housing-related stocks are trading higher after the Fed policy decision to cut rates by 50 basis points, which could help curb housing unaffordability and increase demand.

Press Releases

K. Hovnanian® Homes Recognized with Department of Energy Housing Innovation Award

Hovnanian Enterprises Announces Fiscal Year 2024 Earnings Release and Conference Call

K. Hovnanian® Homes Launches Groundbreaking New Website

K. Hovnanian️'s Northeast Division Awarded Special Honors by U.S. Department of Energy

Hovnanian Enterprises Reports Fiscal 2024 Fourth Quarter and Full Year Results

Hovnanian Enterprises Announces First Quarter Fiscal 2025 Earnings Release and Conference Call

Hovnanian Enterprises Reports Fiscal 2025 First Quarter Results

Hovnanian Enterprises Announces Second Quarter Fiscal 2025 Earnings Release and Conference Call

Hovnanian Enterprises Announces Strategic Partnership Between K. Hovnanian M.E. and Saudi Arabia's NHC

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