News Breaks |
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| March 19, 2013 |
| 12:10 EDT |  | NVR, SPF, MDC, PHM, RYL, BZH, DHI, WY, HOV, TOL, LEN, KBH | Toll Brothers climbs following housing data, firm upgrade
Homebuilder Toll Brothers (TOL) is rising after the government reported that building permits jumped more than expected in February, and research firm Raymond James upgraded the stock. The number of building permits issued in the U.S. in February jumped 4.6% month-over-month, while analysts were expecting an increase of 2.3%. The government also reported, however, that there were 917,000 housing starts last month versus the expected increase of 919,000. Meanwhile, Raymond James analyst Buck Horne upgraded Toll Brothers to Strong Buy from Outperform. After visiting communities around the U.S., Horne believes that home prices are accelerating across the country, while Toll Brothers is the best positioned company in the sector for the near- and intermediate term. Horne wrote that the company is benefiting from strengthening demand among luxury home buyers, and he placed a $40 price target on the shares. The analyst upgraded several other homebuilders, namely Lennar (LEN), KB Home (KBH), and Weyerhaeuser (WY) to Outperform from Market Perform. In mid-morning trading, Toll Brothers climbed 2.3%, to $35, KB Home advanced 3.5% to $21.10, and Weyerhaeuser rose 1.5% to $30.65 |
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News For TOL;KBH;LEN;HOV;DHI;PHM;NVR;BZH;MDC;WY;RYL;SPF From The Last 14 Days Check below for free stories on TOL;KBH;LEN;HOV;DHI;PHM;NVR;BZH;MDC;WY;RYL;SPF the last two weeks. |
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| June 19, 2013 |
| 11:01 EDT |  | SPF | Standard Pacific initiated with a Buy at Sidoti
Target $12. |
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| 10:01 EDT |  | TOL | On The Fly: Analyst Upgrade Summary
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| 07:31 EDT | | TOL | Toll Brothers upgraded to Buy from Hold at Argus
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| 06:09 EDT |  | WY | Weyerhaeuser 29M share Secondary priced at $27.75
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| June 18, 2013 |
| 09:31 EDT | | WY | Weyerhaeuser upgraded to Sector Perform from Underperform at Scotia Capital
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| June 17, 2013 |
| 09:19 EDT | | WY | On The Fly: Pre-market Movers
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| 07:23 EDT |  | WY | Weyerhaeuser acquisition positive, says RBC Capital
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| 06:41 EDT | | WY | Weyerhaeuser files to sell 28M shares of common stock
Morgan Stanley & Co. LLC, Deutsche Bank Securities Inc. and Citigroup Global Markets Inc. are the joint book-running managers on the offering. |
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| 05:24 EDT |  | WY | Weyerhaeuser to host business news update conference call
Conference call to be held on June 17 at 8:30 am. Webcast Link |
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| June 16, 2013 |
| 14:39 EDT | | WY | Brookfield sells Longview Timber, Longview Fibre Paper and Packaging for $3.7B
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| 14:03 EDT | | WY | Weyerhaeuser elects Doyle Simons to succeed Dan Fulton as CEO
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| 13:59 EDT | | WY | Weyerhaeuser to explore strategic alternatives for WRECO business
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| 13:55 EDT | | WY | Weyerhaeuser's Longview Timber acquisition seen as immediately accretive
Weyerhaeuser Company (WY) announced it has a signed definitive stock purchase agreement to acquire Longview Timber from affiliates of Brookfield Asset Management (BAM) for $2.65B, which includes the assumption of debt. Upon closing, Weyerhaeuser expects the acquisition to be immediately accretive to the company's funds available for distribution per share. In conjunction with and subject to the completion of the acquisition, the company intends to increase its quarterly dividend from 20c per share to 22c per share beginning with the Q3 dividend, payable in September. Weyerhaeuser expects that the cash flows and synergies from the acquisition will enhance its ability to further increase its dividend in the future. |
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| 13:49 EDT | | WY | Weyerhaeuser to acquire Longview Timber for $2.65B, intends to increase dividend
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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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