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 $148.71, down 1.02% from the previous day, and has increased 104.33% in one year. It has overperformed other stocks in the Residential Construction industry by 0.72 percentage points. Hovnanian Enterprises stock is currently +128.01% from its 52-week low of $65.22, and -19% from its 52-week high of $183.60.
There are currently 6.1M HOV shares outstanding. The market value of HOV is $906.49M. In the past 24 hours, 64,711 HOV shares were traded.
How to Buy Hovnanian Enterprises Stock
Wondering how to invest in Hovnanian Enterprises stock? Here's how.
- 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.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Fund your brokerage account: Select your payment method and add your details.
- 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).
- 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.
- 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.
Our preferred brokerage: eToro
Based on our experience, eToro is the best brokerage. eToro gives you:
- You can invest in stocks with zero commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still invest in the stock.
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- Social investing: eToro offers a community of more than 20 million users around the world. Talk to, learn from, and copy the crypto trades of top investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other assets: Such as ETFs and cryptos.
Get $10 towards your share purchase by signing up for an account with eToro today.
Open eToro AccountStep 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.
How to Set Up a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to start your new brokerage account.
- Submit your details by pressing the "Create Account" button. Get started with eToro today
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.
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 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 5.04x, relative to Residential Construction industry P/E ratio of 11.4x
- HOV could be undervalued based on its P/B ratio of 1.49x, relative to Residential Construction industry P/B ratio of 1.95x
- HOV could be undervalued based on its PEG ratio of 0.12x
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
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 23.54%.
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 12.03%.
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:
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:
- Figure out where to buy Hovnanian Enterprises stock
- Sign up for your brokerage account
- Fund your brokerage account
- Evaluate Hovnanian Enterprises stock
- Place your HOV purchase
- Watch your HOV position
If you need a online brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you want to get notifications regarding your investment in Hovnanian Enterprises, add HOV to your watchlist by clicking the button below.
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