Welcome to our dedicated page for Hovnanian Enterprises SEC filings (Ticker: HOV), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Hovnanian Enterprises (HOV) filings document a public homebuilder with Class A common stock listed on the New York Stock Exchange, depositary shares listed on Nasdaq and associated preferred stock purchase rights. Form 8-K reports cover operating results, material agreements, capital-structure changes, senior note financing and governance or compensation matters.
Proxy materials disclose annual meeting proposals, board and executive compensation matters, shareholder voting procedures and equity incentive plan approvals. The company’s filings also identify registered securities, subsidiary guarantor and debt arrangements, security-structure disclosures and formal records tied to K. Hovnanian Homes and related operating subsidiaries.
Hovnanian Enterprises reported fiscal second quarter 2026 revenue of $667.6 million, slightly below last year’s $686.5 million but within its guidance range. For the first six months, revenue was $1.30 billion versus $1.36 billion a year earlier.
Homebuilding gross margin after interest and land charges declined to 10.2% from 13.8% in the prior-year quarter, while the company posted a small net loss of $0.6 million (–$0.46 per diluted share) compared with net income of $19.7 million ($2.43 per diluted share) a year ago. On an adjusted basis, income before taxes excluding land-related charges was $9.1 million, near the high end of guidance, and adjusted EBITDA was $41.1 million, above guidance.
Contracts showed modest growth: consolidated domestic contracts rose to 1,412 homes and $759.9 million, with total domestic contracts including joint ventures up 2.3% in units. The company ended the quarter with $442.0 million in total liquidity, well above its $170–$245 million target range, and repurchased 90,507 shares for $9.5 million. Third-quarter guidance calls for revenue of $650–$750 million, adjusted homebuilding gross margin of 14.0%–15.0%, adjusted pre-tax income between breakeven and $10 million, and adjusted EBITDA of $30–$40 million.
Hovnanian Enterprises director J. Larry Sorsby reported gifting 6,820 shares of Class A Common Stock. The bona fide gifts occurred on April 27 and April 29, 2026, split between his direct holdings and shares held indirectly through his spouse. After these transfers, Sorsby holds 187,524 shares directly and 3,846 shares indirectly via his spouse. The gifts were reported at a price of $0.00 per share, reflecting non-cash transfers rather than market sales.
Hovnanian Enterprises director Vincent Pagano Jr exercised stock options to acquire 2,014 shares of Class A Common Stock at an exercise price of $42.50 per share. To cover related tax obligations, 1,223 shares were withheld at $112.895 per share, which is a tax-withholding disposition rather than an open-market sale. Following these transactions, he directly holds 24,948 Class A shares.
Hovnanian Enterprises held its 2026 annual meeting, where stockholders approved the Fourth Amended and Restated 2020 Stock Incentive Plan. The updated plan is substantially identical to the prior version but increases the reserve of Class A and Class B common stock for future equity awards by 100,000 shares.
All nominated directors were elected, with individual vote totals ranging from 9,354,765 to 10,562,136 votes for. Stockholders also ratified Deloitte & Touche LLP as independent auditor for the fiscal year ending October 31, 2026 and supported executive compensation in a non-binding advisory vote.
Hovnanian Enterprises Inc: The Vanguard Group filed Schedule 13G/A (Amendment No. 2) reporting Amount beneficially owned: 0 shares and Percent of class: 0% for Common Stock as shown in the filing. The filing notes an internal realignment of Vanguard on January 12, 2026, after which certain subsidiaries report separately.
Hovnanian Enterprises President Alexander A. Hovnanian exercised options for 1,200 shares of Class B Common Stock, which are immediately convertible into 1,200 shares of Class A Common Stock. As part of this event, 894 shares were delivered to cover tax obligations, a non–market tax-withholding disposition.
Following these transactions, he directly holds 34,522 shares of Class B Common Stock. An additional 82,404 Class B shares are held indirectly through Hovnanian Family 2021 trusts, where he disclaims beneficial ownership except for any potential pecuniary interest.
Hovnanian Enterprises reported softer first-quarter results as higher mortgage rates pressured affordability and margins. Total revenues were $631.9 million, down from $673.6 million, as homebuilding revenue fell to $575.8 million on a 12.4% drop in deliveries to 1,099 homes. The average selling price rose 1.6% to $523,894, reflecting mix rather than broad pricing power.
Homebuilding gross margin shrank to 10.1% from 15.2%, or 13.4% from 18.3% before interest and land charges, due mainly to heavier incentives and mortgage rate buydowns used to sustain sales pace. Net income declined to $20.9 million from $28.2 million, and diluted EPS fell to $2.62 from $3.58.
Results included a $26.8 million gain from consolidating joint ventures, partly offsetting operating pressure. The company ended the quarter with $339.9 million of homebuilding cash and total liquidity of $471.4 million, after spending $180.7 million on domestic land and development and repurchasing $9.0 million of stock. Domestic net contracts grew 3.1%, though backlog fell to 1,335 homes worth $782.7 million as faster conversion of quick move-in homes reduced the pipeline.
Hovnanian Enterprises reported softer year-over-year results but met or exceeded all guidance metrics for its fiscal first quarter ended January 31, 2026. Total revenues were $631.9 million versus $673.6 million a year ago, while homebuilding gross margin fell to 10.1% from 15.2%.
Net income was $20.9 million, or $2.62 per diluted share, compared with $28.2 million, or $3.58 per diluted share, in the prior-year quarter. Adjusted EBITDA was $63.1 million, above the high end of guidance but below $72.1 million last year.
Consolidated domestic contracts rose 3.1% to 1,242 homes, though total contracts including unconsolidated joint ventures declined 2.5%. Contract backlog dollars, including joint ventures, decreased about 16% to $1.02 billion, while total liquidity was strong at $471.4 million, well above the company’s $170–$245 million target range.
For the second quarter of fiscal 2026, the company expects revenues between $625 million and $725 million, adjusted homebuilding gross margin of 13.0%–14.0%, adjusted income before income taxes between breakeven and $10 million, and adjusted EBITDA of $30 million–$40 million.
Hovnanian Enterprises reported softer year-over-year results but met or exceeded all guidance metrics for its fiscal first quarter ended January 31, 2026. Total revenues were $631.9 million versus $673.6 million a year ago, while homebuilding gross margin fell to 10.1% from 15.2%.
Net income was $20.9 million, or $2.62 per diluted share, compared with $28.2 million, or $3.58 per diluted share, in the prior-year quarter. Adjusted EBITDA was $63.1 million, above the high end of guidance but below $72.1 million last year.
Consolidated domestic contracts rose 3.1% to 1,242 homes, though total contracts including unconsolidated joint ventures declined 2.5%. Contract backlog dollars, including joint ventures, decreased about 16% to $1.02 billion, while total liquidity was strong at $471.4 million, well above the company’s $170–$245 million target range.
For the second quarter of fiscal 2026, the company expects revenues between $625 million and $725 million, adjusted homebuilding gross margin of 13.0%–14.0%, adjusted income before income taxes between breakeven and $10 million, and adjusted EBITDA of $30 million–$40 million.
Hovnanian Enterprises is asking shareholders to vote at its 2026 annual meeting on director elections, auditor ratification, an amended stock incentive plan and an advisory say-on-pay resolution.
The meeting is on March 31, 2026, in Miami. Only holders of record on January 30, 2026 may vote. The company has 5,153,325 Class A shares (one vote each) and 784,718 Class B shares (ten votes each if ownership criteria are certified). Directors and executive officers as a group hold 10.69% of Class A and 94.04% of Class B, effectively assuring approval of board-backed proposals.
The key compensation item is the Fourth Amended and Restated 2020 Stock Incentive Plan, which would set a total share reserve of 1,815,000 shares, with up to 358,735 available for future grants, a net increase of 100,000 shares over the current remaining reserve. The company cites a three-year average equity burn rate of 5.3% and estimates incremental dilution of about 1.5% if the additional shares become fully dilutive against 5,938,043 total shares outstanding.
BlackRock, Inc. reports beneficial ownership of 399,397 shares of HOVNANIAN ENTERPRISES INC Class A stock, representing 7.7% of the class. BlackRock has sole voting power over 391,924 of these shares and sole dispositive power over 399,397 shares, with no shared voting or dispositive power.
The filing notes that these holdings are attributed to certain BlackRock business units, and do not include securities beneficially owned by other disaggregated units. Various underlying persons have rights to dividends or sale proceeds from these shares, but no single underlying holder has more than five percent of Hovnanian’s outstanding common shares. BlackRock certifies the holdings are in the ordinary course of business and not for the purpose of changing or influencing control of Hovnanian.