Hovnanian Enterprises Inc

NYSE HOV

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Hovnanian Enterprises Inc Research and Development (R&D) Expense Ratio 2 year CAGR for the quarter ending September 20, 2024

Hovnanian Enterprises Inc Research and Development (R&D) Expense Ratio 2 year CAGR is NA for the quarter ending September 20, 2024. The RD expense ratio measures the proportion of a company's research and development (R&D) expenses to its revenue. It is calculated by dividing the R&D expenses by the revenue. This ratio indicates the level of investment in R&D relative to the company's revenue generation. A higher ratio suggests a greater allocation of resources towards research and development activities, indicating a focus on innovation and potential future growth. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.

NYSE: HOV

Hovnanian Enterprises Inc

CEO	Mr. Ara K. Hovnanian
IPO Date	March 17, 1992
Location	United States
Headquarters	90 Matawan Road, Matawan, NJ, United States, 07747
Employees	1,715
Sector	Consumer Cyclical
Industry	Residential construction

Description

Hovnanian Enterprises, Inc., through its subsidiaries, designs, constructs, markets, and sells residential homes in the United States. It offers single-family detached homes, attached townhomes and condominiums, urban infill, and active lifestyle homes with amenities, such as clubhouses, swimming pools, tennis courts, tot lots, and open areas. The company markets and builds homes for first-time buyers, first-time and second-time move-up buyers, luxury buyers, active lifestyle buyers, and empty nesters. It also provides mortgage loans, title insurance, and homeowner's insurance services. The company was founded in 1959 and is headquartered in Matawan, New Jersey.

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