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Stock Market & Financial Investment News

News For HOV From The Last 14 Days
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January 20, 2015
09:20 EDTHOVHovnanian downgraded to Underperform from Market Perform at JMP Securities
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January 14, 2015
07:06 EDTHOVKB Home margin issues company specific, says Deutsche Bank
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January 13, 2015
12:48 EDTHOVOn The Fly: Midday Wrap
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11:50 EDTHOVKB Home comments hit shares of Homebuilders
Shares of companies in the Homebuilders space declined after KB Home (KBH) said on its earnings conference call that it will not meet its housing gross profit margin goal in 2015. KB cautioned that there is "still much work to do be done" to achieve its financial goals going forward. The homebuilder noted that as Q4 progressed, demand in some of its markets softened. It expects gross margins in Q1 to be down "significantly" from the year-ago period. Publicly traded companies in the space include Beazer Homes (BZH), D.R. Horton (DHI), Hovnanian (HOV), Lennar (LEN), M.D.C. Holdings (MDC), PulteGroup (PHM), Ryland Group (RYL) and Toll Brothers (TOL). The stocks moved lower following KB's comments.
11:44 EDTHOVHomebuilders decline after KB says won't hit 2015 housing margin goal
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