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Stock Market & Financial Investment News

News Breaks
January 22, 2014
05:10 EDTTOLToll Brothers, GTIS announce Sienna South acquisition
Toll Brothers, in a joint venture with GTIS Partners, a real estate private equity firm, announced the acquisition of Sienna South, the last major undeveloped parcel of Sienna Plantation, one of Houston's most successful master planned communities. When fully built out, it is anticipated that Sienna South will have generated gross home sales of over $2.6B. The JV has entered into an agreement with The Johnson Development, developer of Sienna Plantation and other Houston communities, to act as master developer.
News For TOL From The Last 14 Days
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July 2, 2015
12:37 EDTTOLToll Brothers management to meet with MKM Partners
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June 19, 2015
14:26 EDTTOLHomebuilders 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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