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Hovnanian Enterprises, a leading national homebuilder, reported a 13% increase in total revenues and a 22% year-over-year increase in income before income taxes for the first quarter of fiscal 2025. The company also saw a 7% year-over-year growth in consolidated contracts and a 29% increase in total consolidated lots controlled.

Related tickers: HOV, HOVN.P, HOVNP.

Ara K. Hovnanian, the Chairman, President, and CEO of Hovnanian Enterprises, sold over $2.1 million worth of company stock. The transaction involved the sale of 13,000 shares at prices ranging from $152.202 to $154.325. The shares sold were part of indirect holdings held in trusts for the benefit of Hovnanian's family members.

Related tickers: HOV, HOVN.P.