Larry Sorsby - Hovnanian Enterprises CFO, Executive VP and Director
| HOV Stock | USD 172.14 1.39 0.80% |
Director
Mr. J. Larry Sorsby is a Chief Financial Officer, Executive Vice President, Director of the Company. Mr. Sorsby was Chief Financial Officer of Hovnanian Enterprises, Inc. since 1996 and Executive Vice President since November 2000. Mr. Sorsby was also Senior Vice President from March 1991 to November 2000 and was elected as a Director of the Company in 1997. He is Chairman of the Board of Visitors for Urology at The Childrens Hospital of Philadelphia and also serves on the Foundation Board of Overseers at CHOP. since 2009.
| Age | 69 |
| Tenure | 15 years |
| Address | 90 Matawan Road, Matawan, NJ, United States, 07747 |
| Phone | 732 747 7800 |
| Web | https://www.khov.com |
Hovnanian Enterprises Management Efficiency
The company has Return on Asset of 0.0721 % which means that on every $100 spent on assets, it made $0.0721 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.4209 %, implying that it generated $0.4209 on every 100 dollars invested. Hovnanian Enterprises' management efficiency ratios could be used to measure how well Hovnanian Enterprises manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Hovnanian Enterprises' Return On Tangible Assets are fairly stable compared to the past year. Return On Assets is likely to climb to 0.1 in 2024, despite the fact that Return On Capital Employed is likely to grow to (2.45). At this time, Hovnanian Enterprises' Non Current Assets Total are fairly stable compared to the past year. Net Tangible Assets is likely to climb to about 539.1 M in 2024, whereas Non Currrent Assets Other are likely to drop slightly above 167.2 M in 2024.Similar Executives
| Showing other executives | DIRECTOR Age | ||
| Vicki McWilliams | TRI Pointe Homes | 63 | |
| Daniel Fulton | TRI Pointe Homes | 71 | |
| Stuart Gabriel | KB Home | 67 | |
| John Box | Century Communities | 74 | |
| Robert Johnson | KB Home | 74 | |
| Constance Moore | TRI Pointe Homes | 65 | |
| Andrea Owen | Taylor Morn Home | 55 | |
| Michael Wood | KB Home | 72 | |
| Timothy Finchem | KB Home | 73 | |
| Lawrence Hilsheimer | Installed Building Products | 63 | |
| Lawrence Burrows | TRI Pointe Homes | 68 | |
| Janet Jackson | Installed Building Products | 67 | |
| Margot Carter | Installed Building Products | 52 | |
| Kenneth Jastrow | KB Home | 71 | |
| Anne Mariucci | Taylor Morn Home | 63 | |
| David Meuse | Installed Building Products | 74 | |
| James Weaver | KB Home | 45 | |
| Denise Warren | Taylor Morn Home | 56 | |
| Thomas Gilligan | KB Home | 66 | |
| Jodeen Kozlak | KB Home | 57 | |
| Dorene Dominguez | KB Home | 58 | |
Management Performance
| Return On Equity | 0.42 | ||||
| Return On Asset | 0.0721 |
Hovnanian Enterprises Leadership Team
Elected by the shareholders, the Hovnanian Enterprises' board of directors comprises two types of representatives: Hovnanian Enterprises inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Hovnanian. The board's role is to monitor Hovnanian Enterprises' management team and ensure that shareholders' interests are well served. Hovnanian Enterprises' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Hovnanian Enterprises' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Daniel Klinger, Pres LLC | ||
| Lucian Smith, Chief Operating Officer | ||
| Robin Sellers, Independent Director | ||
| Vincent Pagano, Independent Director | ||
| Ara Hovnanian, Chairman of the Board, President, Chief Executive Officer | ||
| Larry Sorsby, CFO, Executive VP and Director | ||
| Jeffrey OKeefe, Vice Relations | ||
| Elizabeth Tice, Corporate VP | ||
| Edward Kangas, Independent Director | ||
| Paul Marabella, Chief VP | ||
| Michael Kehoe, Pres Agencies | ||
| Miriam Hernandezkakol, Independent Director | ||
| Joseph Riggs, Group President | ||
| Brad OConnor, Senior Vice President, Chief Accounting Officer, Treasurer | ||
| J Sorsby, Chief Financial Officer, Executive Vice President, Director | ||
| Joseph Marengi, Independent Director | ||
| Robert Coutts, Independent Director | ||
| Alexander Hovnanian, Executive Operations |
Hovnanian Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Hovnanian Enterprises a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 0.42 | ||||
| Return On Asset | 0.0721 | ||||
| Profit Margin | 0.07 % | ||||
| Operating Margin | 0.05 % | ||||
| Current Valuation | 2.14 B | ||||
| Shares Outstanding | 5.35 M | ||||
| Shares Owned By Insiders | 8.45 % | ||||
| Shares Owned By Institutions | 59.47 % | ||||
| Number Of Shares Shorted | 197.35 K | ||||
| Price To Earning | 1.51 X |
Pair Trading with Hovnanian Enterprises
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Hovnanian Enterprises position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Hovnanian Enterprises will appreciate offsetting losses from the drop in the long position's value.Moving against Hovnanian Stock
| 0.56 | VNCE | Vince Holding Corp | PairCorr |
| 0.54 | WLDS | Wearable Devices | PairCorr |
| 0.46 | VZIO | Vizio Holding Corp | PairCorr |
| 0.44 | DLA | Delta Apparel Fiscal Year End 5th of December 2024 | PairCorr |
| 0.41 | VOXX | VOXX International | PairCorr |
The ability to find closely correlated positions to Hovnanian Enterprises could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hovnanian Enterprises when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Hovnanian Enterprises - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Hovnanian Enterprises to buy it.
The correlation of Hovnanian Enterprises is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Hovnanian Enterprises moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hovnanian Enterprises moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Hovnanian Enterprises can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hovnanian Enterprises. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. For more information on how to buy Hovnanian Stock please use our How to Invest in Hovnanian Enterprises guide.You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Complementary Tools for Hovnanian Stock analysis
When running Hovnanian Enterprises' price analysis, check to measure Hovnanian Enterprises' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hovnanian Enterprises is operating at the current time. Most of Hovnanian Enterprises' value examination focuses on studying past and present price action to predict the probability of Hovnanian Enterprises' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hovnanian Enterprises' price. Additionally, you may evaluate how the addition of Hovnanian Enterprises to your portfolios can decrease your overall portfolio volatility.
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing |
Is Hovnanian Enterprises' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Hovnanian Enterprises. If investors know Hovnanian will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Hovnanian Enterprises listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.288 | Earnings Share 27.53 | Revenue Per Share 449.441 | Quarterly Revenue Growth 0.153 | Return On Assets 0.0721 |
The market value of Hovnanian Enterprises is measured differently than its book value, which is the value of Hovnanian that is recorded on the company's balance sheet. Investors also form their own opinion of Hovnanian Enterprises' value that differs from its market value or its book value, called intrinsic value, which is Hovnanian Enterprises' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Hovnanian Enterprises' market value can be influenced by many factors that don't directly affect Hovnanian Enterprises' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Hovnanian Enterprises' value and its price as these two are different measures arrived at by different means. Investors typically determine if Hovnanian Enterprises is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hovnanian Enterprises' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.