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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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October 22, 2014
06:01 EDTHOVHovnanian upgraded to Market Perform from Underperform at JMP Securities
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October 21, 2014
10:00 EDTNVROn The Fly: Analyst Upgrade Summary
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07:38 EDTNVRNVR upgraded to Hold from Sell at ISI Group
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October 20, 2014
09:02 EDTNVRNVR reports Q3 Homebuilding new orders up 23% to 2,936 units
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09:02 EDTNVRNVR reports Q3 EPS $20.70, consensus $20.48
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07:51 EDTPHMPulteGroup initiated with a Buy at Buckingham
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07:51 EDTLENLennar initiated with a Buy at Buckingham
Target $50.
07:51 EDTTOLToll Brothers initiated with a Neutral at Buckingham
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07:51 EDTKBHKB Home initiated with a Buy at Buckingham
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07:50 EDTDHID.R. Horton initiated with a Neutral at Buckingham
Target $23.
October 13, 2014
10:08 EDTDHI, KBHOn The Fly: Analyst Upgrade Summary
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08:52 EDTDHIUS Building Products & Homebuilding sector lowered at Barclays
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07:11 EDTHOVHovnanian upgraded to Buy from Neutral at Compass Point
Compass Point upgraded Hovnanian to Buy given recent underperformance and history of outperformance when the sector bounces. Price target remains $4.50.
07:11 EDTDHID.R. Horton upgraded to Buy from Neutral at Compass Point
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07:11 EDTKBHKB Home upgraded to Neutral from Sell at Compass Point
Compass Point upgraded KB Home to Neutral citing relative valuation and focus on lower price points. Price target raised to $15.50 from $13.50.
October 10, 2014
10:22 EDTLENLennar management to meet with JPMorgan
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10:01 EDTPHMOn The Fly: Analyst Upgrade Summary
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09:31 EDTHOVHovnanian upgraded to Sector Perform from Underperform at FBN Securities
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09:30 EDTKBHKB Home upgraded to Outperform from Sector Perform at FBN Securities
FBN Securities upgraded KB Home to Outperform based on relative valuation and increased balance sheet leverage.
09:28 EDTPHMPulteGroup upgraded to Sector Perform from Underperform at FBN Securities
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