DALLAS, Texas 3/18/2009 11:18:43 PM
News / Finance

Technical Trade Alerts on Residential Construction Stocks: KBH, LEN, CTX, TOL, DHI, PHM

Beacon Equity Research announces the release of Trade Alerts covering residential construction stocks:  KB Home (NYSE: KBH), Lennar Corp. (NYSE: LEN), Centex Corp. (NYSE: CTX), Toll Brothers Inc. (NYSE: TOL), DR Horton Inc. (NYSE: DHI) and Pulte Homes Inc. (NYSE: PHM).

 

In the Trade Alert, the author highlights KB Home’s launching of its new Web site, My Home. My Earth:

 

KB Home (KBH) shares fell 3.51%, trading at $10.73 this morning. KB Home constructs and sells homes in the United States.  It builds various types of homes, including attached and detached single-family homes, townhomes and condominiums, designed primarily for first-time, first move-up and adult buyers. The company recently said it has launched a new My Home. My Earth. consumer resource on its Web site, which provides educational information on how consumers can save money while decreasing their environmental impact, both inside and outside their homes.  As part of its goal of becoming a leading environmentally friendly national company, KB Home created this new feature on http://www.kbhome.com/.  KB Home’s My Home. My Earth. online resource offers consumers useful tips on how to save money while helping conserve our planet’s precious resources.

 

The Trade Alert author also featured Lennar’s CEO’s 2008 compensation package valued at about $1.1 million, a 6% cut from the year before:

Lennar Corp. (LEN) shares dropped 6.92% at t. Lennar operates as a homebuilder in the United States.  It engages in the construction and sale of single-family attached and detached homes, and to a lesser extent multi-level residential buildings, as well as the purchase, development and sale of residential land. The company recently said its CEO and president, Stuart Miller, received a 2008 compensation package valued at about $1.1 million, a 6.4% pay cut from the prior year.  This reflects the company's decision to reign in executive pay as it struggles through the housing downturn.  This package includes a salary of $1 million and other compensation valued at $58,294, including $25,200 in dividends, $25,304 for car allowance payments, $6,900 in contributions to his 401(k) plan, $440 for term life insurance and $450 for long-term disability insurance.  According to an analysis of documents filed with the Securities and Exchange Commission, Miller had no bonus or stock option awards.

 


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