Editor’s Note: Related Tickers: NVR, Inc. (NYSE:NVR), D.R. Horton, Inc. (NYSE:DHI), Beazer Homes USA, Inc. (NYSE:BZH), Hovnanian Enterprises, Inc. (NYSE:HOV)
NVR Opens Victoria Falls Single-Family Home Model at Woodbine Village (AZoBuild)
NVR, Inc., one of the nation’s largest homebuilding and mortgage banking companies, announces the grand opening of its Victoria Falls single-family home model at Woodbine Village in Plain City, Ohio. Built by NVR, Inc. (NYSE:NVR)’s Ryan Homes division, Woodbine Village offers a variety of luxurious single-family home designs in a location convenient for commuters in the Marysville and Columbus area. The luxurious estate homes at Woodbine Village are available in a choice of spacious two- and three-level floor plans with up to 4,000 square feet of living space. Each home in this premier community provides desirable features including impressive nine-foot ceilings on the first floor, a striking crown molding package, outstanding cabinetry and a full basement.
D.R. Horton: A Breakout For Builders? (iStockAnalyst)
Home building stocks have been coming in with better than expected profits and many have been pushing higher. D.R. Horton, Inc. (NYSE:DHI) recently broke out from a 13-week flat base, which carried the stock to a six-year high. The push higher was triggered by favorable quarterly earnings. With annual revenues of $4.7 billion, the company builds high-quality, single-family homes designed principally for the entry-level and move-up markets. It also provides mortgage financing and title services. The stock’s momentum indicator is extremely bullish. The accumulation – distribution line has turned up and compliments the price action. We are targeting D.R. Horton, Inc. (NYSE:DHI) for a move to $32 off this breakout. A protective stop can be placed near $24.80.
NVR Upgraded to Buy by Ned Davis Research (NVR) (Zolmax)
Ned Davis Research upgraded shares of NVR, Inc. (NYSE:NVR) from a neutral rating to a buy rating in a research note issued to investors on Monday, Analyst Ratings.Net reports. NVR traded down 1.54% on Monday, hitting $1014.10. NVR has a 1-year low of $721.56 and a 1-year high of $1100.00. The stock’s 50-day moving average is currently $1036. The company has a market cap of $5.066 billion and a price-to-earnings ratio of 27.04. A number of other firms have also recently commented on NVR, Inc. (NYSE:NVR). Analysts at Susquehanna cut their price target on shares of NVR from $925.00 to $900.00 in a research note to investors on Wednesday, April 24th.
Beazer Homes 2nd-Quarter Loss Narrows as Closings, Margins Rise (Wall Street Journal)
Beazer Homes USA, Inc. (NYSE:BZH)’s fiscal second-quarter loss narrowed as the homebuilder’s revenue jumped and it continued to see improvements in home closings, backlogs and margins. The company has continued to report a string of losses in recent quarters as it has worked to recover from previous corporate missteps, including a federal probe into lending practices and a settlement with the Securities and Exchange Commission over accounting issues that helped force out longtime Chief Executive Ian McCarthy in 2011. For the quarter ended March 31, Beazer posted a loss of $19.6 million, or 80 cents a share, compared with a year-ago loss of $39.9 million, or $2.54 a share. Revenue was up 50% to $287.9 million.
Hovnanian Enterprises’ Presentation at the Wells Fargo Securities 2013 Industrial and Construction Conference to be Webcast Live (GlobeNewswire)
Hovnanian Enterprises, Inc. (NYSE:HOV), a leading national homebuilder, announced that senior management will be presenting at the Wells Fargo Securities 2013 Industrial and Construction Conference on Thursday, May 9, 2013 at 8:00 a.m. ET. The presentations will be webcast live through the “Investor Relations” section of Hovnanian Enterprises’ website at http://www.khov.com. It is suggested that participants access the webcast event page at least five minutes before the live event.
