Hovnanian Enterprises Inc. (HOV, Financial) saw its stock price jump by 3.14%, reaching $200.77 per share with a trading volume of 17,167 shares. The turnover rate stood at 0.28%, and the stock's price fluctuation was 4.89%. Recent financial reports indicate Hovnanian achieved $722 million in revenue, with a net profit of $71.37 million, translating to an earnings per share of $10.61. The company's gross profit was $137 million, and its price-to-earnings ratio is 6.17.
In the residential construction sector, where Hovnanian operates, the overall increase was 0.29%. Notable gainers include Springview Holdings Ltd and Lennar Corporation. Active stocks in this sector besides Hovnanian include Meritage Homes Corporation and MI Homes. Stocks with significant price swings were United Homes Group Inc, Springview Holdings Ltd, and United Homes Group, Inc.
Hovnanian specializes in designing, building, and selling various residential properties across the Northeast, Southeast, and Western U.S., with the Western segment contributing the most revenue.
