Lennar Corporation (NYSE:LEN) has purchased the site – most recently housing the Borofka’s Furniture store and the five single-family homes to the east of the site along Xerxes Avenue. It is planning to tear them down and construct an apartment building with 242 units and 11,000 square feet of retail that will include a restaurant. The cost of the project is estimated at $60 million. Lennar Corporation (NYSE:LEN) net profit margin is 8.70% and weekly performance is 0.34%. On last trading day company shares ended up $38.53. Analysts mean target price for the company is $43.74. Lennar Corporation (NYSE:LEN) distance from 50-day simple moving average (SMA50) is -2.46%.
Recently, KB Home (NYSE:KBH), one of the largest U.S. homebuilding corporations, acquired 78 acres of land in San Antonio. KB Home is assumed to initiate land development in the forthcoming September, whereas the home-purchasers can get hold of it in spring of the next year. KB Home (NYSE:KBH) shares advanced 0.50% in last trading session and ended the day on $15.93. Gross Margin is 17.70% and its return on assets is 1.60%. KB Home (NYSE:KBH) quarterly performance is -16.16%.
PulteGroup, Inc. (NYSE:PHM) announced that its Board of Directors has declared a quarterly cash dividend of $0.05 per common share payable July 2, 2014, to shareholders of record at the close of business on June 19, 2014. PulteGroup, Inc. (NYSE:PHM) shares moved up 0.11% in last trading session and was closed at $18.84, while trading in range of $18.72 – $19.14. PulteGroup, Inc. (NYSE:PHM) year to date (YTD) performance is -7.28%.
D.R. Horton, Inc. (NYSE:DHI) surged on news that the company has acquired the homebuilding operations of Atlanta’s largest builder Crown Communities. The stock’s gain solidifies its position above the $23 level following the bump it got after the quarterly financial results were released. D.R. Horton, Inc. (NYSE:DHI) ended the last trading day at $22.19. Company weekly volatility is calculated as 3.44% and price to cash ratio as 7.59. D.R. Horton, Inc. (NYSE:DHI) showed a positive weekly performance of 1.00%.
Hovnanian Enterprises, Inc. (NYSE:HOV) bounced a little after hitting near its 52 weak low, strong buying pushed the stock to gain 2.24% on Thursday after opening weak and seeing a positive upside in its intraday session. Hovnanian Enterprises, Inc. (NYSE:HOV) net profit margin is 0.40% and weekly performance is 1.12%. On last trading day company shares ended up $4.53. Analysts mean target price for the company is $5.00. Hovnanian Enterprises, Inc. (NYSE:HOV) distance from 50-day simple moving average (SMA50) is -3.16%.
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