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Stock Market & Financial Investment News

News Breaks
February 20, 2013
10:39 EDTTOL, SPF, KBH, LEN, RYL, MDC, BZH, NVR, PHM, DHI, HOVHomebuilders fall after Toll Brothers miss, housing start drop
A number of home builder stocks are falling after leading builder Toll Brothers (TOL) reported weaker than expected first quarter result, and U.S. housing starts came in below expectations. Toll Brothers reported first quarter earnings per share of just 3c, versus analysts' consensus estimate of 10c. Toll's average selling price fell slightly to $569,000 in its first quarter, down from $582,000 during the previous quarter. Moreover, the company invested over $330M in land deals during the first quarter. The company, however, added that it is gaining pricing power as the Spring selling season begins to kick off. On the data front, U.S. housing starts fell a greater than expected 8.5% to a 890K pace in January, although starts of single family units edged up 0.8%. Building permits increased 1.8% last month. In mid-morning trading, Toll Brothers sank 4.5% to $35.30, PulteGroup (PHM) slid 2.6% to $19.42, KB Home (KBH) fell 4% to $18.75, Hovnanian (HOV) gave back 2.95% to $5.59 and Beazer Homes (BZH) lost 2.3% to $16.77.
News For HOV;DHI;PHM;NVR;BZH;MDC;RYL;LEN;KBH;SPF;TOL From The Last 14 Days
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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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