Gafisa SA (ADR) (NYSE:GFA) discloses to its shareholders and the market that its Board of Directors has authorized the Company’s management to initiate studies for a potential separation (“Separation”) of the Gafisa and Tenda business units (“Companies”) into two independent publicly traded companies. Gafisa SA (ADR) (NYSE:GFA) shares after opening at $3.45 moved to $3.49 on last trade day and at the end of the day closed at $3.42. Company price to sales ratio in past twelve months was calculated as 0.67 and price to cash ratio as 0.83. Gafisa SA (ADR) (NYSE:GFA) showed a positive weekly performance of 1.48%.
KB Home (NYSE:KBH)’s shares dropped 4.38% to $16.81. The board of directors of KB Home (KBH) on Apr. 3 has declared a quarterly cash dividend of $.025 per share on the Company’s common stock, payable on May 15, 2014 to stockholders of record on May 1, 2014. KB Home (NYSE:KBH) shares advanced 0.88% in last trading session and ended the day on $17.14. return on equity ratio is recorded as 9.80% and its return on assets is 1.60%. KB Home (NYSE:KBH) yearly performance is 20.43%.
D.R. Horton (NYSE:DHI) was downgraded by equities research analysts at Raymond James from a “market perform” rating to an “underperform” rating in a research note issued to investors on Monday, TheFlyOnTheWall.com reports. D.R. Horton, Inc. (NYSE:DHI) shares moved up 0.46% in last trading session and was closed at $21.94 while trading in range of $21.48 – $22.20 – D.R. Horton, Inc. (NYSE:DHI) year to date (YTD) performance is -1.53%.
Pultegroup, Inc. (NYSE:PHM), one of the largest homebuilding company of the U.S. announced its quarterly budget to be held on this April 24. The company has a wonderful reputation among the customers around the world as it serves its versatile demand. The country’s most noted home-builder is about to place its 1Q2014 on Thursday April 24, 2014. PulteGroup, Inc. (NYSE:PHM) weekly performance is -2.74%. On last trading day company shares ended up $19.15. PulteGroup, Inc. (NYSE:PHM) distance from 50-day simple moving average (SMA50) is -3.02%. Analysts mean target price for the company is $22.03.