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Stock Market & Financial Investment News

News Breaks
August 25, 2014
07:04 EDTPHMPulteGroup acquires Dominion Homes real estate assets
PulteGroup announced that it has acquired the real estate assets of Dominion Homes. Financial terms for the transaction were not disclosed. The acquired Dominion assets, which serve entry-level and move-up buyers, include 27 open communities in Columbus, 11 open communities in Louisville and three open communities in Lexington. The company said, "We expect this transaction to be accretive to earnings and overall returns on invested capital, while recording little, if any, goodwill."
News For PHM From The Last 14 Days
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June 19, 2015
14:26 EDTPHMHomebuilders advance after KB Home reports earnings
Shares of homebuilder stocks are rallying in a down market after group member KB Home (KBH) reported second quarter EPS of 10c on revenue of $623M, beating consensus estimates of 8c and $619M, respectively. Net orders grew 33% to 3,015 in the current quarter, compared to 2,269 in the year-earlier quarter, largely driven by expansion in the company’s average community count. PRICE ACTION: In afternoon trading KB Home is up about 10% to $16.46. Other homebuilder stocks are moving up as well, with DR Horton (DHI) and PulteGroup (PHM) each up about 2% and Lennar (LEN) up 3%.

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