Hovnanian Enterprises-a (HOV) — Smart Money Tracker (13F, Q2 2026)

HOV ranks #3231 out of 37696 tracked stocks by institutional interest — one of the most closely watched names in our coverage.

HOV is a top-conviction position for Forager Capital Management, LLC — at 8.0% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.

The largest dollar stake in HOV belongs to BlackRock, Inc., but the position matters far more to Forager Capital Management, LLC, who has 8.0% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.

GAMMA Investing LLC has trimmed its HOV position for two straight quarters, cutting it by $66.3K while still holding $52.6K.

HOV is down 3.6% today, but institutions show net buying of $132.3M this quarter — a divergence between today's price move and the underlying institutional flow.

HOV posted net income of $34.3M over the trailing twelve months, and currently trades at a P/E of 19.6.

• Profitable — net income of $34.3M over the trailing twelve months
• Revenue declined 10.1% year over year
• Net income declined year over year, from $65.1M to $34.3M
• Generated $188.3M in positive operating cash flow
• Liabilities run 2.17x equity — a highly leveraged balance sheet worth noting