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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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September 19, 2014
12:14 EDTKBHKB Homes volatility flat into Q3 and outlook
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September 17, 2014
12:22 EDTLENOn The Fly: Midday Wrap
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11:43 EDTLENLennar sees Q4 gross margins 25%
Says has $5B apartment pipeline. Says sees 600-625 communities at end of year. Still sees 2,100-2,200 homes for 2014. Says doesn't expect to sell more apartments this year. Says "deep in the midst" of investment cycle. Says would consider dividends, buybacks, will keep investing capital for "a couple of years."
11:18 EDTLENLennar says slow housing recovery 'healthy' for company
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06:07 EDTLENLennar reports Q3 EPS 78c, consensus 67c
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September 16, 2014
15:14 EDTLENNotable companies reporting before tomorrow's open
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14:49 EDTLENLennar September 39 straddle priced for 4.3% move into Q3
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07:30 EDTBZHCRT Capital to hold a conference
2nd Annual Investor Conference to be held in Greenwich, CT on September 16.
September 15, 2014
14:18 EDTPHMPulteGroup names Manish Shrivastava as Chief Marketing Officer
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09:43 EDTLENCitadel Advisors reports 5.4% passive stake in Lennar
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September 9, 2014
14:56 EDTLENLennar volatility flat into Q3 and revenue outlook
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10:25 EDTBZH, RYL, PHM, MDC, LEN, DHI, TOL, HOV, KBHGundlach sees homebuilder stocks continuing to disappoint
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10:10 EDTMDC, SPFOn the Fly: Analyst Downgrade Summary
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10:10 EDTPHM, LEN, DHIOn the Fly: Analyst Upgrade Summary
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05:46 EDTPHMPulteGroup upgraded to Neutral from Underweight at JPMorgan
JPMorgan upgraded PulteGroup to Neutral citing valuation and raised its price target for shares to $22 from $19.
05:46 EDTMDCM.D.C. Holdings downgraded to Underweight from Neutral at JPMorgan
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05:45 EDTSPFStandard Pacific downgraded to Underweight from Neutral at JPMorgan
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05:44 EDTLENLennar upgraded to Overweight from Neutral at JPMorgan
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05:43 EDTDHID.R. Horton upgraded to Overweight from Neutral at JPMorgan
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