Published on 21 Apr 2024 on Simply Wall St. via Yahoo Finance
Hovnanian Enterprises' (NYSE:HOV) five-year total shareholder returns outpace the underlying...
It might be of some concern to shareholders to see the Hovnanian Enterprises, Inc. (NYSE:HOV) share price down 15% in the last month. But over five years returns have been remarkably great. To be precise, the stock price is 746% higher than it was five years ago, a wonderful performance by any measure. Arguably, the recent fall is to be expected after such a strong rise. Only time will tell if there is still too much optimism currently reflected in the share price. We love happy stories like this one. The company should be really proud of that performance!
In light of the stock dropping 8.0% in the past week, we want to investigate the longer term story, and see if fundamentals have been the driver of the company's positive five-year return.