|By PR Newswire||
|December 23, 2013 08:01 AM EST||
NEW YORK, December 23, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Lennar Corporation (NYSE: LEN), PulteGroup, Inc. (NYSE: PHM), Toll Brothers, Inc. (NYSE: TOL), NVR, Inc. (NYSE: NVR), and The Ryland Group, Inc. (NYSE: RYL). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Lennar Corporation Research Report
On December 18, 2013, Lennar Corporation (Lennar) reported financial results for Q4 FY 2013 and full-year FY 2013 (period ended November 30, 2013). The Company reported Q4 FY 2013 total revenues of $1.9 billion, up 41.8% YoY. Total revenues for full-year FY 2013 were $5.9 billion, up 44.6% YoY. Net earnings attributable to the Company for Q4 FY 2013 were $164.1 million, or $0.73 per diluted share, compared to $124.3 million, or $0.56 per diluted share in Q4 FY 2012. Full-year FY 2013 net earnings attributable to the Company came in at $479.7 million, or $2.15 per diluted share, compared to $679.1 million, or $3.11 per diluted share in full-year FY 2012. Stuart Miller, CEO of Lennar, stated, "Fiscal year 2013 was an excellent year for Lennar, with revenues and pretax earnings attributable to Lennar increasing 45% and 170%, respectively, from 2012. Our earnings accelerated in the fourth quarter, fueled by the strategic investments and operating initiatives of our core homebuilding business. In the fourth quarter, our gross margin increased 330 basis points to 26.8%, the second highest quarterly margin in our company history. This margin, combined with our SG&A of 9.9%, increased our operating margin to 16.9%, just shy of our prior quarterly peak record." The Full Research Report on Lennar Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
PulteGroup, Inc. Research Report
On December 18, 2013, PulteGroup, Inc. (PulteGroup) announced that its brand, Pulte Homes, has purchased 58 lots for a new home community in Bonney Lake in greater Seattle. The Company informed that it has purchased the fully developed lots in the Tehaleh master plan from Newland Communities, and is expected to open for sales in March 2014. Mark Kaushagen, President of Pacific Northwest Division at PulteGroup said, "Tehaleh is one of only a few master planned communities in the entire Seattle market, and offers homebuyers a multitude of parks, walking trails and well respected schools on-site at an affordable price. As a key player in the market, Pulte is focused on building homeowners the ideal home and community in the best locations." According to the Company, the new Pulte community in Tehaleh will offer single-story homes with private backyards and larger lots. The Full Research Report on PulteGroup, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Toll Brothers, Inc. Research Report
On December 10, 2013, Toll Brothers, Inc. (Toll Brothers) reported financial results for Q4 FY 2013 and full-year FY 2013 (period ended October 31, 2013). In Q4 FY 2013, the Company achieved revenues of $1.0 billion, up 65.1% YoY, while full-year FY 2013 revenues were $2.7 billion, up 42.0% YoY. Q4 FY 2013 net income was $94.9 million, or $0.54 per diluted share, compared to $411.4 million, or $2.35 per diluted share in Q4 FY 2012. Full-year FY 2013 net income was $170.6 million, or $0.97 per diluted share, compared with $487.1 million, or $2.86 per diluted share in full-year FY 2012. Douglas C. Yearley, Jr., CEO of Toll Brothers commented, "With revenues and contracts up over 40%, backlog up over 50% and operating income up over 200%, FY 2013 was an excellent year for Toll Brothers. We started FY 2013 very strong, building on the sales momentum of FY 2012. Buoyed by historic low interest rates and significant pent-up demand, we raised prices and accelerated per-community home sales paces as the housing market continued its recovery. Our first nine-months' contracts rose 35% in units and 49% in dollars." He concluded, "As we look forward to FY 2014, we see our revenues and community count growing, margins improving and our profitability increasing." The Full Research Report on Toll Brothers, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
NVR, Inc. Research Report
On December 17, 2013, NVR, Inc. (NVR) announced that its Board of Directors has authorized the repurchase of $300 million of its outstanding common stock. NVR stated that the purchases will be made from time to time in the open market and/or in privately negotiated transactions, depending upon market conditions. The Company stated that this new authorization prohibits it from purchasing shares from the Company's officers, directors, Profit Sharing/401K Plan Trust or Employee Stock Ownership Plan Trust. The Full Research Report on NVR, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
The Ryland Group, Inc. Research Report
On December 12, 2013, The Ryland Group, Inc. (Ryland) reported that its Board of Directors has declared a quarterly dividend of $0.03 per share. Ryland informed that the dividend is payable on January 30, 2014, to common stockholders of record as of January 15, 2014. The Full Research Report on The Ryland Group, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
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