K. Hovnanian Middle East, the Tourism Development Fund, and Emaar, The Economic City have signed a Memorandum of Understanding to develop tourism investment and lifestyle residential projects in King Abdullah Economic City (KAEC). The initial flagship project will feature branded private residences, two five-star hotels, and a beach club on Red Sea beachfront and Marina Canal locations, positioning KAEC as a premier coastal destination.

Hovnanian Enterprises will present at the 16th Annual Midwest IDEAS Investor Conference on August 27th, 2025, in Chicago, sharing investment insights with financial professionals.

Hovnanian Enterprises will release its third quarter financial results on August 21, 2025, with a live webcast earnings conference call at 11:00 a.m. ET.

Hovnanian Enterprises, a leading national homebuilder, reported a 13% increase in total revenues and a 22% year-over-year increase in income before income taxes for the first quarter of fiscal 2025. The company also saw a 7% year-over-year growth in consolidated contracts and a 29% increase in total consolidated lots controlled.

K. Hovnanian® Homes, a leading homebuilder, has been recognized by the U.S. Department of Energy for its achievements in energy-efficient home construction. The company's Northeast and Phoenix Divisions have received awards for building DOE Zero Energy Ready Homes, which utilize renewable energy systems and meet rigorous efficiency criteria.

Ara K. Hovnanian, the Chairman, President, and CEO of Hovnanian Enterprises, sold over $2.1 million worth of company stock. The transaction involved the sale of 13,000 shares at prices ranging from $152.202 to $154.325. The shares sold were part of indirect holdings held in trusts for the benefit of Hovnanian's family members.

MATAWAN, N.J., June 25, 2024 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, today announced that Moody’s Ratings (“Moody’s”) has upgraded Hovnanian’s corporate family rating to B2 from B3. In a press release issued on June 24, 2024, Moody’s cited an improvement in the company’s leverage profile through solid operating performance and growth in net worth, as well as through the recently completed debt exchange transaction. Moody’s outlook for Hovnanian remains stable.

Berkshire Hathaway, Eli Lilly, PepsiCo, Hovnanian and IDT are part of the Zacks top Analyst Blog.

Discover why Zacks rates Hovnanian (HOV) as "Neutral," being the first on Wall Street to initiate coverage on the stock. Explore its robust financial restructuring and market growth amid competitive and market challenges.

Today's Research Daily features new research reports on 16 major stocks, including Berkshire Hathaway Inc. (BRK.B), Eli Lilly and Company (LLY) and PepsiCo, Inc. (PEP), as well as two micro-cap stocks Hovnanian Enterprises, Inc. (HOV) and IDT Corporation (IDT).

MATAWAN, N.J., June 12, 2024 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, today announced that S&P Global Ratings (“S&P”) has upgraded Hovnanian’s issuer credit rating to ‘B’ from ‘B-’ citing better than expected debt leverage, sustained community count growth, steady demand in home sales and a focus on cash flow management, which will allow the company to grow the business through internally generated cash flows as contributing factors in a press release issued on June 11, 2024. S&P’s outlook for Hovnanian is stable.

MATAWAN, N.J., June 05, 2024 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, announced that senior management will be presenting at the Sidoti June Virtual Investor Conference taking place on June 12-13, 2024.