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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 29, 2014
08:29 EDTHOVHovnanian volatility flat into Q3 and building outlook
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August 28, 2014
15:02 EDTTOLToll Brothers September weekly volatility elevated into Q3
Toll Brothers September weekly call option implied volatility is at 30, September is at 25, October and January is at 24; compared to its 26-week average of 27 according to Track Data, suggesting large near term price movement into its release of Q3 results on September 2.
11:54 EDTDHID.R. Horton management to meet with ISI Group
Meetings to be held in Canada September 3-4 hosted by ISI Group.
11:41 EDTBZHBeazer Homes management to meet with Sterne Agee
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August 27, 2014
07:28 EDTBZHBeazer Homes management to meet with UBS
Meetings to be held in Dallas/Houston on August 27 hosted by UBS.
August 26, 2014
07:49 EDTPHMPulteGroup offers best risk/reward among homebuilders, says UBS
UBS believes PulteGroup offers the best risk/reward among homebuilders, citing its significant leverage, benefits of recent land acquisition, management's focus on controlling risk and returning cash to shareholders, and valuation. The firm has a Buy rating with a $25 price target on PulteGroup.
07:46 EDTBZHBeazer Homes management to meet with UBS
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August 25, 2014
07:04 EDTPHMPulteGroup acquires Dominion Homes real estate assets
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