Edgewater 10/15/2010 1:00:24 AM
News / Business

NYSE Homebuilder Stock Gainers (LEN, TOL, PHM, DHI)

Homebuilder

Lennar Corporation (NYSE:LEN) added 0.38% to $15.91. Last month, the company reported results for its third quarter ended August 31, 2010. Third quarter net earnings attributable to Lennar in 2010 were $30.0 million, or $0.16 per diluted share, compared to third quarter net loss attributable to Lennar of $171.6 million, or $0.97 per diluted share, in 2009.

Over the past 52-week, the stock had traded within the range of $11.56-$21.79 and is up more than 23% year-to-date.

Toll Brothers, Inc. (NYSE:TOL) gained 0.38% to $18.61. Toll Brothers, Inc. designs, builds, markets and arranges financing for single-family detached and attached homes in luxury residential communities.

Over the past 52-week, the stock had traded within the range of $15.57-$23.67. At current market price, the market capitalization of the company stood at $3.09 billion.

PulteGroup, Inc. (NYSE:PHM) added 0.12% to $8.19. Last month, the company announced the commencement of tender offers to purchase for cash up to $500 million aggregate principal amount of currently outstanding notes. The tender offers will be funded from the Company’s available cash balance which was $2.7 billion as of the second quarter ended June 30, 2010.

The stock opened at $8.22 and has a 52-week range of $7.70-$13.91. In the past one month of trading sessions, the stock went down more than 6%.

D.R. Horton, Inc. (NYSE:DHI) went up 0.09% to $10.79. D.R. Horton, Inc. is a homebuilding company in the United States. It constructs and sells homes, through the operating divisions in 27 states and 75 metropolitan markets of the United States.

Over the past one month of trading sessions, the stock went down more than 2%.

Article published by Wall Street Grand. Visit the Wall Street Grand Club today.

SAFE LINK

Disclaimer:

For our full disclosure please visit - http://www.wallstreetgrand.com/disclosure.html