Hovnanian Enterprises (HOV) Stock Drops 5.15% Amid Market Volatility

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Dec 13, 2024
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Hovnanian Enterprises (HOV, Financial) experienced a significant stock price drop of 5.15%, trading at $156.04 per share. The trading volume reached 46,579 shares with a turnover rate of 0.77% and a price fluctuation of 5.32%. Recent financial reports show revenue of $3.005 billion, net profit of $242 million, earnings per share of $35.71, and gross profit of $590 million, with a P/E ratio of 4.93. Currently, there are no institutional ratings for buy, hold, or sell.

In the residential construction sector, the overall decline was 2.59%. Notable performers included United Homes Group Inc and Springview Holdings Ltd. Hovnanian Enterprises focuses on residential construction and financial services, with operations in the Northeast, Southeast, and Western U.S., generating the most revenue from the West.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.