Hovnanian Enterprises, Inc.
Hovnanian Enterprises, Inc. (NYSE: HOV) is trading at $113.48, about ₹10,886 at today's USD/INR rate, as of 28 Sep 2026, 4:00 PM ET, down 1.45% today. Indian residents can buy Hovnanian Enterprises from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$112.76
Today's high
$116.18
52 week low
$91.52
52 week high
$148.48
HOV opened at $114.96, closed previously at $115.15, and has traded between $91.52 and $148.48 over the past 52 weeks.
About
Hovnanian Enterprises, Inc. is a leading company focused on the entire process of developing residential properties across the United States. This includes everything from the initial design and construction to the marketing and eventual sale of homes. Their diverse housing portfolio encompasses traditional single-family detached houses, attached townhomes and condominiums, urban infill developments, and dedicated active adult communities. These active lifestyle communities often come equipped with various amenities such as clubhouses, swimming pools, tennis courts, children's play areas (tot lots), and ample open spaces. Hovnanian caters to a wide array of homebuyers. Their clientele includes individuals purchasing their very first home, first-time and second-time move-up buyers seeking larger residences, luxury home seekers, those desiring an active lifestyle, and empty nesters. In addition to home construction, the company also assists its customers by offering mortgage loans and title insurance services. Hovnanian Enterprises was founded in 1959 and operates from its corporate headquarters located in Matawan, New Jersey.
Key statistics
Avg. volume
131.82K
Market cap
$575.54M
P/E Ratio
109.12
Price-to-sales ratio
0.20
Enterprise value
$1.25B
Free cash flow yield
34.37%
Debt-to-equity ratio
1.14
Return on equity
2.19%
ROIC
23.36%
Beta
1.82
Dividend yield
0.00%
Last dividend
$0.00
Financial overview
Revenue
$2.98B
Earnings per share
$7.95
Free cash flow
$166.18M
Net profit margin
0.64%
Gross margin
32.03%
EBITDA
$135.39M
Revenue growth
-0.88%
Similar securities
This is not an investment recommendation
How to buy Hovnanian Enterprises from India
Indian residents can buy Hovnanian Enterprises shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars.
Search for Hovnanian Enterprises and place an order
Find Hovnanian Enterprises by name or by its ticker, HOV, and choose an order type. You can buy by amount or by quantity — fractional shares mean there is no minimum trade size. Hovnanian Enterprises trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Hovnanian Enterprises position in USD and INR. Hovnanian Enterprises pays no dividend today, so your filing is the capital-gains statement plus the Schedule FA holding line.
Read the full guide: how to invest in Hovnanian Enterprises from India
Trading and taxes when buying Hovnanian Enterprises from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- NoneHovnanian Enterprises does not currently pay a dividend. If it starts, dividends are taxed at your slab rate in India.Dividend tax explained
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
Custody. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
FAQs
Can Indian residents buy Hovnanian Enterprises stock?
Yes. Hovnanian Enterprises (HOV) has been listed on the New York Stock Exchange since 1983, in the Residential Construction industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
How much does one Hovnanian Enterprises share cost in rupees?
One Hovnanian Enterprises share is $113.48 — about ₹10,886 at a USD/INR rate of 95.93 on 27 Sep 2026. Both the Hovnanian Enterprises price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying Hovnanian Enterprises from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
Can I buy Hovnanian Enterprises with less than the price of one share?
Yes. A whole Hovnanian Enterprises share is $113.48, but there is no minimum trade size: you enter a rupee or dollar amount and receive the matching fraction.
How are gains on Hovnanian Enterprises shares taxed in India?
The US does not levy capital gains tax on shares for Indian residents, so the tax is an India-side one. Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the USD/INR rate on the purchase and the sale date, so the rupee move counts alongside the Hovnanian Enterprises price. Paasa issues a capital-gains statement for your return.
Does Hovnanian Enterprises pay a dividend?
No. Hovnanian Enterprises does not currently pay a dividend, so holding it produces no dividend income to declare in India. If it starts paying one, the Indian treatment is the usual one — dividends are taxed at your slab rate in India — and Paasa's dividend report would show the gross amount and any tax withheld.
When can I trade Hovnanian Enterprises from India?
The New York Stock Exchange trades 7:00 pm – 1:30 am IST in Indian time, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when the US is on standard time. Orders can only execute during that window.
Is there estate or inheritance tax on Hovnanian Enterprises shares held from India?
US-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons. It applies to your overall holdings in that jurisdiction rather than to any one position. Paasa's US estate tax calculator shows the exposure for a given portfolio value.
Do I have to declare Hovnanian Enterprises shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your Hovnanian Enterprises holding, its cost and its closing value.
How do I sell Hovnanian Enterprises and bring the money back to India?
You sell during market hours (7:00 pm – 1:30 am IST) and the proceeds settle in USD in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.