News Breaks |
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| February 20, 2013 |
| 10:39 EDT |  | RYL, KBH, MDC, TOL, LEN, BZH, SPF, NVR, HOV, PHM, DHI | Homebuilders 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. |
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News For HOV;DHI;PHM;NVR;BZH;MDC;RYL;LEN;KBH;SPF;TOL From The Last 14 Days Check below for free stories on HOV;DHI;PHM;NVR;BZH;MDC;RYL;LEN;KBH;SPF;TOL the last two weeks. |
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| June 14, 2013 |
| 09:01 EDT | | SPF | Standard Pacific announces acquisition of homebuilding assets from Centerline
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| June 12, 2013 |
| 12:06 EDT |  | RYL | Ryland Group management to meet with Sterne Agee
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| 10:14 EDT |  | LEN | On the Fly: Upgrade Summary
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| 05:36 EDT | | LEN | Lennar upgraded to Outperform from Market Perform at Keefe Bruyette
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| June 11, 2013 |
| 08:22 EDT |  | DHI | D.R. Horton shares undervalued at current levels, says Sterne Agee
Sterne Agee believes that D.R. Horton's fundamentals are positive, and the firm doesn't expect the recent rise in interest rates to completely derail demand for new housing. The firm recommends buying D.R. Horton at current levels. |
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| June 10, 2013 |
| 10:04 EDT |  | LEN | On The Fly: Analyst Downgrade Summary
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| 10:04 EDT | | SPF | On The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Alexandria Real Estate (ARE) upgraded to Buy from Neutral at ISI Group... BB&T (BBT) upgraded to Overweight from Equal Weight at Evercore... CyrusOne (CONE) upgraded to Strong Buy from Outperform at Raymond James... EQT Corporation (EQT) upgraded to Buy from Hold at Brean Capital... Edwards Lifesciences (EW) upgraded to Outperform from Neutral at Credit Suisse... Enersis (ENI) upgraded to Buy from Neutral at Citigroup... Entergy (ETR) upgraded to Buy from Hold at Deutsche Bank... Monsanto (MON) upgraded to Outperform from Neutral at Macquarie... Regency Centers (REG) upgraded to Buy from Neutral at ISI Group... Silver Standard (SSRI) upgraded to Hold from Sell at Deutsche Bank... Standard Pacific (SPF) upgraded to Neutral from Underweight at JPMorgan... Stericycle (SRCL) upgraded to Buy from Hold at Wunderlich... WABCO (WBC) upgraded to Buy from Neutral at Goldman... Western Union (WU) upgraded to Outperform from Market Perform at Raymond James... Weyerhaeuser (WY) upgraded to Outperform from Sector Perform at RBC Capital... Washington Trust Bancorp (WASH) upgraded to Buy from Hold at Sandler O'Neill... EastGroup Properties (EGP) upgraded to Buy from Hold at Sandler O'Neill... Valeant (VRX) upgraded to Buy from Fair Value at CRT Capital... RF Micro Devices (RFMD) upgraded to Strong Buy from Buy at Charter Equity... Bank of the Ozarks (OZRK) upgraded to Outperform from Market Perform at Raymond James... United Community Banks (UCBI) upgraded to Outperform at Raymond James... Western Union (WU) upgraded at Raymond James... CyrusOne (CONE) upgraded to at Raymond James... AT&T (T) upgraded to Buy from Hold at Argus... IMAX (IMAX) upgraded to Buy from Neutral at B. Riley... TriMas (TRS) upgraded to Outperform from Market Perform at Barrington. |
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| 07:43 EDT | | LEN | Lennar downgraded to Neutral from Overweight at JPMorgan
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| 06:51 EDT | | SPF | Standard Pacific upgraded to Neutral from Underweight at JPMorgan
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| June 7, 2013 |
| 12:13 EDT |  | PHM | Stocks with call strike movement; PHM BTU
PulteGroup (PHM) October 24 call volatility increased 2% to 42, Peabody Energy (BTU) September 21 call option implied volatility decreased 2% to 42 according to IVolatility. |
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| June 6, 2013 |
| 08:44 EDT | | HOV | Hovnanian price target raised to $4.50 from $1.25 at JMP Securities
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| June 5, 2013 |
| 11:26 EDT | | HOV | Hovnanian sees FY13 gross margins better than FY12
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| 10:07 EDT |  | SPF | On The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Audience (ADNC) initiated with a Hold at Benchmark Co.... Bank of Ireland (IRE) initiated with an Underweight at HSBC... Ellie Mae (ELLI) initiated with an Outperform at FBR Capital... Haemonetics (HAE) initiated with an Outperform at William Blair... Jive Software (JIVE) initiated with a Buy at Janney Capital... Northern Tier (NTI) initiated with a Buy at Citigroup... Workday (WDAY) initiated with a Market Perform at FBR Capital... Carlyle Group (CG) initiated with a Buy at Sandler O'Neill... XL Group (XL) initiated with a Neutral at Nomura... Travelers (TRV) initiated with a Neutral at Nomura... Marsh & McLennan (MMC) initiated with a Neutral at Nomura... Aon plc (AON) initiated with a Neutral at Nomura... Allstate (ALL) initiated with a Neutral at Nomura... AIG (AIG) initiated with a Neutral at Nomura... ACE Ltd. (ACE) initiated with a Buy at Nomura... Progressive (PGR) initiated with a Reduce at Nomura... First Solar (FSLR) coverage assumed with a Sell at Maxim... Jive Software (JIVE) reinstated with a Neutral at Credit Suisse... Standard Pacific (SPF) initiated with a Buy at BofA/Merrill... Axiall (AXLL) initiated with a Buy at BofA/Merrill. |
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| 09:20 EDT | | HOV | Hovnanian reports Q2 EPS 1c, consensus (5c)
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| 07:23 EDT | | SPF | Standard Pacific initiated with a Buy at BofA/Merrill
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