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How to Buy Hovnanian Enterprises Stock

Hovnanian Enterprises Inc

Hovnanian Enterprises is a construction company located in New Jersey, United States, which is part of the Consumer Cyclical sector, and is traded under the ticker HOV on the NYSE exchange.

Hovnanian Enterprises stock last closed at $171.78, down 0.21% from the previous day, and has increased 89.44% in one year. It has overperformed other stocks in the Residential Construction industry by 0.52 percentage points. Hovnanian Enterprises stock is currently +163.39% from its 52-week low of $65.22, and -6.85% from its 52-week high of $184.42.

There are currently 6.1M HOV shares outstanding. The market value of HOV is $1.05B. In the past 24 hours, 33,398 HOV shares were traded.

How to Buy Hovnanian Enterprises Stock

Wondering how to invest in Hovnanian Enterprises stock? Here's how.
  1. Figure out where to buy Hovnanian Enterprises stock: You need to decide on an online brokerage, but don't worry - we've tested dozens of online brokerages and apps to help you figure out where to buy Hovnanian Enterprises stock.
  2. Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
  3. Fund your brokerage account: Select your payment method and add your details.
  4. Evaluate Hovnanian Enterprises stock: The Hovnanian Enterprises ticker symbol is HOV. Is Hovnanian Enterprises stock a good investment? Should you buy shares of HOV? How do HOV's underlying business fundamentals look? Do top analysts think Hovnanian Enterprises is a good buy? Why has HOV's stock price moved recently? (Hint: Our stock research tools can help you understand if HOV is a good stock to buy).
  5. Place your HOV purchase: Decide if you will purchase HOV shares at the current market price or use a limit order to purchase HOV stock at a specific price.
  6. Watch your HOV position: Create a watchlist to get the latest news on your position in Hovnanian Enterprises shares.

Step 1: Figure out where to buy Hovnanian Enterprises stock

You will need an online brokerage account to access the NYSE market and buy HOV shares.

A brokerage account allows you to buy and sell a number of financial instruments, including stocks, bonds, mutual funds, and ETFs.

Our preferred brokerage: eToro

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Step 2: Sign up for your brokerage account

Now that you've picked the best brokerage, you'll need to fill out some personal details so you are able to invest in HOV today.

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  2. Input your personal info to start your new brokerage account.
  1. Submit your details by pressing the "Create Account" button.
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Step 3: Fund your brokerage account

Now that you've created your account on a good stock buying app, your next step is to transfer the money for your investment:

Watch the video below if you need help transferring funds into your new brokerage account.

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Step 4: Evaluate Hovnanian Enterprises stock

After you have selected the best place to buy Hovnanian Enterprises stock, it's crucial to research their stock prior to buying, so you actually comprehend the risk as well as the upside.

Hovnanian Enterprises shares quick numbers

HOV Price
$171.78
1w %
1.64%
1y %
89.44%
5y %
1,154.78%
P/E
5.82x
P/B
1.72x
P/S
0.39x
PEG
0.14x
Revenue
$2.83B
Earnings
$200.40M
Fore. Rev. Growth
N/A
Fore. Earn. Growth
N/A
Market Cap
$1.05B
Next Earnings
May 22, 2024
Next Dividend
N/A

HOV Due Diligence Checks

WallStreetZen was built to help part-time investors perform better fundamental analysis in less time.

You can view all of the due diligence checks on HOV's stock page.

Is HOV stock undervalued?

Investors use a variety of different financial metrics, analyses, models, and charts to gauge HOV's intrinsic value.

Using relative valuations ratios:

  • HOV could be undervalued based on its P/E ratio of 5.82x, relative to Residential Construction industry P/E ratio of 11.5x
  • HOV could be undervalued based on its P/B ratio of 1.72x, relative to Residential Construction industry P/B ratio of 2.02x
  • HOV could be undervalued based on its PEG ratio of 0.14x

You can do additional valuation research on HOV's stock here.

How do HOV Financials look?

Passed Health Checks:

  • HOV earnings of $319.91M is not sufficient to cover its interest payments.
  • Total HOV debt is lower than 5 years ago, relative to shareholder equity.
  • HOV's operating cash flow of $377.52M allows it to safely service it's debt of $1.15B.

Failed Health Checks:

  • HOV profit margin has gone down from 7.3% to 7.1% in the past year.
  • HOV has a relatively high debt to equity ratio of 2.86.

Metrics for Advanced HOV Traders

SMA10
169.71
SMA20
160.84
SMA50
150.62
SMA100
153.87
SMA200
127.6
MACD
7.52
MACD Signal
6.15
MACD Histogram
1.37
RSI
60.8
Stochastic %K
68.65
Stochastic %D
78.53
StochRSI %K
41.33
StochRSI %D
62.59

HOV Revenue

Last year, HOV earnings were $200.40M. In the past five year, HOV's earnings have grown by 57.96% per year. This was faster than the Residential Construction industry average of 28.75%.

Last year, HOV revenue was $2.83B. During the past five year, HOV's revenue has grown by 7.72% per year. This was slower than the Residential Construction industry average of 12.81%.

Find out more about HOV's earnings and revenue performance here.

Who is buying/selling HOV?

Over the last 12 months, executives and large shareholders at HOV have sold more shares than they have bought.

Ara K. Hovnanian, Chairman of Bd. Pres. CEO of HOV, was the latest HOV insider to sell. They sold $157,820.00 worth of HOV shares on Mar 21, 2024.

Research more about who owns HOV shares here.

Does HOV provide a stable income stream?

No, Hovnanian Enterprises doesn't provide an income stream by paying out dividends.

What do other traders have to say about HOV?

One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.

Click below to see what other traders have to say.

Step 5: Place your HOV purchase

There are two main types of orders:

  • Market order: A market order is an order to buy or sell a stock at the best price on the market.
    Market orders are usually fine.
  • Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
    If you want to ensure you're buying or selling at a particular dollar amount limit, place a limit order.

Hit the Open Trade button and eToro will execute your order.

If you want additional assistance buying stocks on eToro, click the how to video below:

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Step 6: Watch your HOV position

Now that you own some HOV stock, you'll want to keep up with your stock purchase.

Make a watchlist to track the latest developments regarding your HOV stock.

HOV Feed

How to Buy Stock in Hovnanian Enterprises

To summarize, here are the 6 steps to buy stock in Hovnanian Enterprises:

  1. Figure out where to buy Hovnanian Enterprises stock
  2. Sign up for your brokerage account
  3. Fund your brokerage account
  4. Evaluate Hovnanian Enterprises stock
  5. Place your HOV purchase
  6. Watch your HOV position

If you need a online brokerage, eToro is our favorite venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to get notifications regarding your investment in Hovnanian Enterprises, add HOV to your watchlist by clicking the button below.

NYSE: HOV
$171.78-0.36 (-0.21%)
Updated May 20, 2024
Open eToro Account
NYSE: HOV
$171.78-0.36 (-0.21%)
Updated May 20, 2024
Open eToro Account

FAQ

How much does it cost to buy one Hovnanian Enterprises share?

As of May 20, 2024, it costs $171.78 to buy one share of Hovnanian Enterprises stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $100, you can buy 0.582 shares of HOV.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

What is the best way to buy Hovnanian Enterprises stock?

One way to place an order for Hovnanian Enterprises stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.