homebuilders

KB Home (NYSE: KBH) reported quarterly earnings of 55 cents per share on Wednesday, beating the analyst consensus estimate of 50 cents by a nickel. This is a 7.84% increase over earnings of 51 cents per share from the same period last year. The company reported quarterly sales of $914 million...

Homebuilders may be among the beneficiaries from low interest rates and federal stimulus packages aimed at buffering the economic strain from the coronavirus pandemic, according to BofA Securities.  “We believe current strength in new home, repair and remodeling and recreational vehicle...

The coronavirus capped groundbreaking on U.S. homebuilding projects at a five-year low for the month of April, according to a Tuesday report from the Commerce Department. “Due to recent events surrounding COVID-19, many governments and businesses are operating on a limited capacity or have...

Sell-side analysts remained bullish on Lennar Corporation (NYSE: LEN) after the homebuilder beat estimates in the third quarter, and sent signals that homebuyers aren't yet worried about a downturn. Lennar reported diluted third-quarter earnings of $1.59 per share, beating the consensus...

Homebuilder KB Home (NYSE: KBH) reported third-quarter results Wednesday that weer notable for an earnings beat, strong growth in net orders and deliveries — and a slight sales miss. Here's how the Street reacted.  The Analysts KeyBanc Capital Markets analyst Kenneth Zener...

KB Home (NYSE: KBH) shares fell in Wednesday's after-hours session after the homebuilder reported a third-quarter sales miss.  Earnings came in at 73 cents per share, beating Street estimates by 7 cents. Sales came in at $1.161 billion, missing estimates by $9 million. "We are...

Toll Brothers Inc (NYSE: TOL) reported a top-and-bottom-line beat in its fiscal third-quarter on Tuesday. The luxury homebuilder followed up with encouraging commentary on the fiscal fourth quarter. Here's how some of the Street's top analysts reacted to the print. The Analysts Wells...

Shares of KB Home (NYSE: KBH) were surging Thursday after the homebuilder posted stronger-than-expected second-quarter results, bolstering sentiment in the closely watched sector and leading two sell-side analysts to upgrade the stock.  The most appreciated part of the report on the...

Wedbush downgraded homebuilding company Lennar Corporation (NYSE: LEN) in February, but the research firm sees multiple reasons why a bullish stance can be warranted again. The Analyst Wedbush's Jay McCanless upgraded Lennar from Neutral to Outperform with a price target lifted from $50 to...

Nomura Instinet downgraded several companies dependent on housing market growth Thursday, citing U.S.-China trade uncertainty that could put a damper on consumer confidence and economic growth. The Analyst Michael Wood downgraded four building-related companies from Buy to Neutral: TopBuild Corp (...

Homebuilder KB Home (NYSE: KBH) is seeing recovery in key markets and better pricing, leading RBC to upgrade the stock. The Analyst RBC’s Mike Dahl upgraded KBH from Sector Perform to Outperform and raised the price target from $25 to $30. The Thesis With signs of recovery in key Western U.S...

Homebuilder Lennar Corporation (NYSE: LEN) last week reported an EPS miss in its fiscal first-quarter results but other metrics were "encouraging," according to Raymond James. The Analyst Raymond James' Buck Horne downgraded Lennar from Strong Buy to Outperform with an unchanged $55...

KeyBanc boosted its price target for Lennar Corporation (NYSE: LEN), the nation’s No. 2 homebuilder, on optimism around the improving housing market driven by interest rates. The Analyst KeyBanc’s Kenneth Zener raised his target price on Lennar from $50 to $57 and maintained an...

One of this year's most impressive redemption stories on Wall Street is that of the homebuilders. After plunging nearly 31 percent last year, the Dow Jones U.S. Select Home Construction Index is higher by 17.20 percent this year. What Happened Aggressive traders looking to capitalize on the...