MEDIUMBuilt-inGeographic
Texas
“10-K Item 1A: 'During fiscal year 2024, we experienced disruptions from Hurricane Beryl in Texas, our largest state in terms of deliveries.'”
HOVNP · Concentration risk · 10-K extracted
Hovnanian Enterprises Inc - Dep (HOVNP) concentration risks
Updated
The most significant concentration Hovnanian Enterprises Inc - Dep discloses is Texas, classified MEDIUM by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Hovnanian Enterprises Inc - Dep’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 1 disclosed concentration
HIGH0
MEDIUM1
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-06Hovnanian Enterprises' depositary shares reflect the same underlying business concentration disclosed for the common entity: Texas is identified as the company's largest state in terms of deliveries, and the 10-K notes disruptions from Hurricane Beryl there during fiscal year 2024. This is a medium-size, structural exposure rather than a dependency on any specific customer or supplier — it describes the geographic weighting of the underlying homebuilding operations that this preferred/depositary security is a claim on. Because Texas represents the company's largest delivery state, regional weather events and local housing-market cycles carry outsized influence on operating performance relative to a more geographically diversified builder. No percentage figure is provided in the source, so the precise share of deliveries or revenue tied to Texas cannot be quantified from what is disclosed, but the company's own acknowledgment of storm-related disruption signals that this concentration is an active operational consideration. No other customer, supplier, or geographic concentration is disclosed in the sources reviewed for this entity.
For the engine’s reasoning on HOVNP’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Unknown
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| LION | Lionsgate Studios Corp | 1 | 2 | 0 | 3 |
| FISV | Fiserv, Inc. | 1 | 0 | 0 | 1 |
| DJTWW | Trump Media & Technology Group | 0 | 1 | 0 | 1 |
| HOVNP● | Hovnanian Enterprises Inc - Dep | 0 | 1 | 0 | 1 |
| GOODO | Gladstone Commercial Corporatio | 0 | 0 | 5 | 5 |
| BBBY | Bed Bath & Beyond, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.