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January 29, 2013
14:14 EDTBZH, RYL, NVR, KBH, TOL, MDC, LEN, PHM, SPF, DHIHomebuilders climb after D.R. Horton's results beat expectations
Several homebuilders are advancing after one of the companies in the space, D.R. Horton (DRI), reported stronger than expected results. D.R. Horton reported first quarter earnings per share of 20c, versus analysts' consensus estimate of 14c. The homebuilder's revenue also beat expectations, as its average sales price increased due to pricing power, geographic mix and larger homes being sold. Moreover, the company added that it expects to have a good Spring selling season. A number of upgrades of homebuilder companies by research firms may also be contributing to the strength in the sector. Compass Point upgraded Lennar (LEN) to Buy from Hold earlier today, while the same firm also raised its rating on Hovnanian (HOV) to Neutral from Sell and upgraded Standard Pacific (SPF) to Buy from Neutral. In mid-afternoon trading, Lennar climbed 1.46% to $42.52, Hovnanian advanced 3.20% to $6.12, Standard Pacific rose 1.93% to $8.45 and D.R. Horton jumped 10.14% to $23.47.
Check below for free stories on DHI;SPF;PHM;LEN;MDC;TOL;KBH;NVR;RYL;BZH the last two weeks.
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August 15, 2014
09:32 EDTBZHBeazer Homes upgraded to Neutral from Sell at Citigroup
Citigroup upgraded Beazer Homes to Neutral based on valuation.
August 14, 2014
17:27 EDTRYLAppaloosa gives quarterly update on stakes
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07:43 EDTPHMPulteGroup thesis remains intact, says UBS
UBS said they are increasingly confident in their long term thesis on PulteGroup following meetings with management. The firm noted the company's limited inventory, a loosening in underwriting, and low supply in the Midwest market where there is limited competition for Pulte. UBS has a Buy rating with a price target of $25 on shares of PulteGroup.
August 12, 2014
09:20 EDTDHID.R. Horton 13.35M share Block Trade priced at $20.25
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