Hovnanian Enterprises Management
Management criteria checks 2/4
Hovnanian Enterprises' CEO is Ara Hovnanian, appointed in Apr 1988, has a tenure of 36.83 years. total yearly compensation is $13.20M, comprised of 8.7% salary and 91.3% bonuses, including company stock and options. directly owns 12.96% of the company’s shares, worth $101.39M. The average tenure of the management team and the board of directors is 3.1 years and 18.9 years respectively.
Key information
Ara Hovnanian
Chief executive officer
US$13.2m
Total compensation
| CEO salary percentage | 8.7% |
| CEO tenure | 36.8yrs |
| CEO ownership | 13.0% |
| Management average tenure | 3.1yrs |
| Board average tenure | 18.9yrs |
Recent management updates
Recent updates
Does Hovnanian Enterprises (NYSE:HOV) Have A Healthy Balance Sheet?
Feb 03
Impressive Earnings May Not Tell The Whole Story For Hovnanian Enterprises (NYSE:HOV)
Dec 26Earnings Working Against Hovnanian Enterprises, Inc.'s (NYSE:HOV) Share Price Following 26% Dive
Dec 22Hovnanian Enterprises (NYSE:HOV) Is Looking To Continue Growing Its Returns On Capital
Dec 06These 4 Measures Indicate That Hovnanian Enterprises (NYSE:HOV) Is Using Debt Extensively
Aug 18There's No Escaping Hovnanian Enterprises, Inc.'s (NYSE:HOV) Muted Earnings Despite A 27% Share Price Rise
Jul 21Hovnanian Enterprises (NYSE:HOV) Is Looking To Continue Growing Its Returns On Capital
Jul 12Hovnanian Enterprises, Inc. (NYSE:HOV) Could Be Riskier Than It Looks
May 23Hovnanian Enterprises Preferred Stock Diversity Comes With Risks
Apr 06Hovnanian Enterprises (NYSE:HOV) Is Doing The Right Things To Multiply Its Share Price
Feb 23Hovnanian Enterprises (NYSE:HOV) Has A Somewhat Strained Balance Sheet
Feb 06Investors Still Aren't Entirely Convinced By Hovnanian Enterprises, Inc.'s (NYSE:HOV) Earnings Despite 36% Price Jump
Jan 04Here's Why Hovnanian Enterprises (NYSE:HOV) Has A Meaningful Debt Burden
Nov 03Hovnanian's Valuation, Ownership, And Debt Concerns: Is It A Viable Investment?
Sep 28Hovnanian Enterprises (NYSE:HOV) Might Have The Makings Of A Multi-Bagger
Sep 05Hovnanian Enterprises (NYSE:HOV) Takes On Some Risk With Its Use Of Debt
Jul 13Buy Homebuilder Hovnanian, It's Still A Solid Value Play
Jun 02It's Unlikely That Hovnanian Enterprises, Inc.'s (NYSE:HOV) CEO Will See A Huge Pay Rise This Year
Mar 22CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Oct 31 2024 | US$13m | US$1m | US$223m |
| Jul 31 2024 | n/a | n/a | US$221m |
| Apr 30 2024 | n/a | n/a | US$202m |
| Jan 31 2024 | n/a | n/a | US$185m |
| Oct 31 2023 | US$9m | US$1m | US$179m |
| Jul 31 2023 | n/a | n/a | US$146m |
| Apr 30 2023 | n/a | n/a | US$168m |
| Jan 31 2023 | n/a | n/a | US$190m |
| Oct 31 2022 | US$17m | US$1m | US$195m |
| Jul 31 2022 | n/a | n/a | US$191m |
| Apr 30 2022 | n/a | n/a | US$163m |
| Jan 31 2022 | n/a | n/a | US$553m |
| Oct 31 2021 | US$12m | US$1m | US$550m |
| Jul 31 2021 | n/a | n/a | US$538m |
| Apr 30 2021 | n/a | n/a | US$509m |
| Jan 31 2021 | n/a | n/a | US$73m |
| Oct 31 2020 | US$9m | US$1m | US$46m |
| Jul 31 2020 | n/a | n/a | US$8m |
| Apr 30 2020 | n/a | n/a | -US$14m |
| Jan 31 2020 | n/a | n/a | -US$34m |
| Oct 31 2019 | US$6m | US$1m | -US$42m |
| Jul 31 2019 | n/a | n/a | US$6m |
| Apr 30 2019 | n/a | n/a | US$12m |
| Jan 31 2019 | n/a | n/a | US$18m |
| Oct 31 2018 | US$7m | US$1m | US$4m |
Compensation vs Market: Ara's total compensation ($USD13.20M) is above average for companies of similar size in the US market ($USD3.27M).
Compensation vs Earnings: Ara's compensation has increased by more than 20% in the past year.
CEO
Ara Hovnanian (67 yo)
36.8yrs
Tenure
US$13,196,450
Compensation
Mr. Ara K. Hovnanian has been the Chief Executive Officer of Hovnanian Enterprises, Inc. since July 1997 and has been its President since April 1988. Mr. Hovnanian has been Chairman of Hovnanian Enterprise...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 36.8yrs | US$13.20m | 12.96% $ 101.4m | |
| Chief Financial Officer | 1.3yrs | US$2.77m | 0.14% $ 1.1m | |
| Executive Vice President - National Homebuilding Operations | 4.9yrs | US$2.69m | 0.20% $ 1.5m | |
| Group President | less than a year | US$6.83m | 0.059% $ 465.0k | |
| Vice President of Investor Relations | 20.3yrs | no data | no data | |
| VP, Corporate Counsel & Secretary | no data | no data | no data | |
| Group President | no data | no data | no data | |
| Treasurer | less than a year | no data | no data |
3.1yrs
Average Tenure
55.5yo
Average Age
Experienced Management: HOV's management team is considered experienced (3.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 43.2yrs | US$13.20m | 12.96% $ 101.4m | |
| Lead Independent Director | 22.4yrs | US$406.98k | 0.086% $ 675.4k | |
| Independent Director | 18.9yrs | US$356.98k | 0.38% $ 3.0m | |
| Director | 28.1yrs | US$344.06k | 0.95% $ 7.5m | |
| Independent Director | 18.9yrs | US$296.97k | 0.53% $ 4.1m | |
| Independent Director | 11.9yrs | US$294.47k | 0.29% $ 2.3m | |
| Independent Director | 6.7yrs | US$294.47k | 0.23% $ 1.8m | |
| Independent Director | 3.1yrs | US$296.97k | 0.076% $ 591.2k |
18.9yrs
Average Tenure
70yo
Average Age
Experienced Board: HOV's board of directors are seasoned and experienced ( 18.9 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/19 22:18 |
| End of Day Share Price | 2025/02/19 00:00 |
| Earnings | 2024/10/31 |
| Annual Earnings | 2024/10/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Hovnanian Enterprises, Inc. is covered by 15 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Megan Talbott McGrath | Barclays |
| Jonathan Ellis | BofA Global Research |
| Megan Talbott McGrath | Buckingham Research Group Inc. |