NEW YORK, Feb. 7, 2018 /PRNewswire/ — WallStEquities.com strives to bring the best free research to the investment community. Today we are offering reports on HOV, KBH, LEN, and MDC which can be accessed for free by signing up to www.wallstequities.com/registration. According to several recent reports from the National Association of Home Builders, Residential Construction is starting the year out right, showing significant signs of growth and room for expansion in 2018, said EC&M in an article published last January. For this morning, WallStEquities.com covers four industry players to see how they have fared over the past trading sessions: Hovnanian Enterprises Inc. (NYSE: HOV), KB Home (NYSE: KBH), Lennar Corp. (NYSE: LEN), and M.D.C. Holdings Inc. (NYSE: MDC). All you have to do is sign up today for this free limited time offer by clicking the link below. www.wallstequities.com/registration
Hovnanian Enterprises
Red Bank, New Jersey headquartered Hovnanian Enterprises Inc.’s shares gained slightly by 0.50%, closing Tuesday’s trading session at $2.01. The stock recorded a trading volume of 3.46 million shares, which was above its three months average volume of 2.29 million shares. The Company’s shares are trading 15.11% below their 200-day moving average. Additionally, shares of Hovnanian Enterprises, which designs, constructs, markets, and sells residential homes in the US, have a Relative Strength Index (RSI) of 27.19.
On February 02nd, 2018, Hovnanian Enterprises (HOV) announced that it has closed its previously announced financing transactions with GSO Capital Partners L.P., Blackstone’s credit platform, and certain funds managed or advised by it. As part of such financing transactions, HOV’s wholly owned subsidiary, K. Hovnanian Enterprises, Inc., accepted all of the $170,226,000 aggregate principal amount of the 8.000% Senior Notes due 2019 tendered in its previously announced exchange offer with respect to the 8% 2019 Notes (representing 72.14% of the aggregate principal amount outstanding prior to the exchange offer). Get the full research report on HOV for free by clicking below at:
www.wallstequities.com/registration/?symbol=HOV
KB Home
On Tuesday, shares in California headquartered KB Home recorded a trading volume of 4.33 million shares, which was above their three months average volume of 2.55 million shares. The stock rose 3.69%, ending the day at $31.19. The Company’s shares have advanced 15.01% in the previous three months and 89.03% over the past year. The stock is trading above its 200-day moving average by 22.00%. Furthermore, shares of KB Home, which operates as a homebuilding company in the US, have an RSI of 41.11.
On January 17th, 2018, research firm UBS reiterated its ‘Sell’ rating on the Company’s stock with an increase of the target price from $25 a share to $30 a share.
On January 25th, 2018, KB Home’s Board of Directors has declared a quarterly cash dividend of $.025 per share on the Company’s common stock, payable on February 22nd, 2018, to stockholders of record on February 08th, 2018. KBH’s complimentary research coverage is a few simple steps away at:
www.wallstequities.com/registration/?symbol=KBH
Lennar
Miami, Florida-based Lennar Corp.’s stock finished the day 4.75% higher at $60.44. A total volume of 8.42 million shares was traded, which was above their three months average volume of 3.93 million shares. The Company’s shares have advanced 12.57% in the previous three months and 37.34% over the past year. The stock is trading above its 200-day moving average by 8.93%. Additionally, shares of Lennar, which together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the US, have an RSI of 36.28.
On January 10th, 2018, LMC, a wholly owned subsidiary of Lennar, announced the start of preleasing at Shift, a luxury mixed-use community located in the East Village of San Diego just east of the Gaslamp Quarter. First move-ins at the 21-story, LEED Silver certified community are anticipated for January, with retail outlets slated to begin opening in March.
On January 22nd, 2018, research firm Credit Suisse upgraded the Company’s stock rating from ‘Neutral’ to ‘Outperform’. Register for your free research report on LEN at: www.wallstequities.com/registration/?symbol=LEN
M.D.C. Holdings
Shares in Denver, Colorado-based M.D.C. Holdings Inc. ended yesterday’s session 2.81% higher at $30.41. The stock recorded a trading volume of 1.97 million shares, which was above its three months average volume of 557,360 shares. The Company’s shares have advanced 20.70% over the past year. The stock is trading 4.04% below its 200-day moving average. Moreover, shares of M.D.C. Holdings have an RSI of 34.96.
On February 05th, 2018, Richmond American Homes of Florida, L.P., a subsidiary of M.D.C. Holdings, announced West Haven, a new gated community showcasing ranch and two-story homes. A Grand Opening celebration for West Haven will be held on February 10th, 2018, featuring model home tours, complimentary lunch, and family activities for prospective homebuyers and area agents. Wall St. Equities’ downloadable research report on MDC available at: www.wallstequities.com/registration/?symbol=MDC
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