Capitulating on Valuation, Upgrading to Neutral

Hovnanian Enterprises

Thursday, December 7, 2023

Homebuilding Company-Specific Hovnanian Enterprises

Hovnanian Enterprises (HOV) is included in our homebuilding coverage universe. For companies under coverage, we utilize the firm's proprietary survey data and macro research to inform our short-term and long-term financial projections. Our coverage includes an ongoing assessment of financial results and strategic performance. Our detailed quarterly reports span our perspective of latest results, underlying positives and negatives, detailed financial estimates, an updated financial model and refreshed valuation.