Hovnanian Enterprises Preferred Stock Diversity Comes With Risks [Seeking Alpha]
Hovnanian Enterprises, Inc. Class A (HOV)
US:NYSE Investor Relations:
khov.com/investor-relations
Company Research
Source: Seeking Alpha
The company ranks among the largest homebuilding companies in the U.S. with revenues of $2.76b. Here I review both the issuer and the issue. The preferred stock issued by Hovnanian Enterprises, HOVNP, has a low coverage and non-cumulative dividends, causing losses for investors. While the yield is over 10%, a CCC rating would scare most investors. Its non-cumulative feature burned investors. While high risk-takers might own, the rest should take a pass! Introduction Recently, I have covered numerous banks and the preferred stocks they have issued. Financial institutions are the major source of preferred stocks since they can, for the most part, count them as part of the Tier 1 capital requirements. That said, finding an issue that allows investors to diversify away from bank issues is always worth exploring. Toward that goal, this article will review Hovnanian Enterprises NYSE: HOV ) and the one preferred stock it has issued, the Hovnanian Enterprises, Inc. PFD DEP1/1000A HOVN
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News
- Hovnanian Enterprises' (NYSE:HOV) five-year total shareholder returns outpace the underlying earnings growth [Yahoo! Finance]Yahoo! Finance
- Hovnanian Enterprises, Inc. (NYSE: HOV) had its "underperform" rating re-affirmed by analysts at Zelman & Associates.MarketBeat
- Is Hovnanian Enterprises, Inc.'s (NYSE:HOV) 35% ROE Better Than Average? [Yahoo! Finance]Yahoo! Finance
- Hovnanian Enterprises First Quarter 2024 Earnings: EPS: US$3.11 (vs US$2.37 in 1Q 2023) [Yahoo! Finance]Yahoo! Finance
- Hovnanian Enterprises, Inc. (NYSE: HOV) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
HOV
Sec Filings
- 3/22/24 - Form 4
- 3/22/24 - Form 8-K
- 3/21/24 - Form 144
- HOV's page on the SEC website