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Stock Market & Financial Investment News

News Breaks
January 30, 2013
08:06 EDTDHID.R. Horton valuation range raised to $27.50-$28.50 from $23.50-$24.50 at Wells Fargo
Wells Fargo increased its valuation range on D.R. Horton after the company reported higher than expected Q1 EPS. The firm believes that the company executed well, and it thinks the homebuilder is poised for growth in 2013 and beyond. Wells maintains an Outperform rating on the stock.
News For DHI From The Last 14 Days
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June 19, 2015
14:26 EDTDHIHomebuilders advance after KB Home reports earnings
Shares of homebuilder stocks are rallying in a down market after group member KB Home (KBH) reported second quarter EPS of 10c on revenue of $623M, beating consensus estimates of 8c and $619M, respectively. Net orders grew 33% to 3,015 in the current quarter, compared to 2,269 in the year-earlier quarter, largely driven by expansion in the company’s average community count. PRICE ACTION: In afternoon trading KB Home is up about 10% to $16.46. Other homebuilder stocks are moving up as well, with DR Horton (DHI) and PulteGroup (PHM) each up about 2% and Lennar (LEN) up 3%.

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