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News Breaks
February 5, 2014
06:05 EDTTOLToll Brothers completes acquisition of operations of Shapell for $1.60B
Toll Brothers announced the completion of its acquisition of the homebuilding operations of Shapell Industries for approximately $1.60B in cash. The purchase includes approximately 5,200 home sites, 97.5% of which are entitled, in established coastal California communities.
News For TOL From The Last 14 Days
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January 15, 2015
10:00 EDTTOLOn The Fly: Analyst Initiation Summary
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07:38 EDTTOLToll Brothers initiated with an Equal Weight at Morgan Stanley
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January 13, 2015
12:48 EDTTOLOn The Fly: Midday Wrap
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11:50 EDTTOLKB 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 EDTTOLHomebuilders decline after KB says won't hit 2015 housing margin goal
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