Lennar Corp. (LEN) Goes Ex-Dividend Soon (Forbes)
Looking at the universe of stocks we cover at Dividend Channel, on 4/22/13, Lennar Corp. (NYSE: LEN) will trade ex-dividend, for its quarterly dividend of $0.04, payable on 5/8/13. As a percentage of LEN’s recent stock price of $37.93, this dividend works out to approximately 0.11%. …In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from LEN is likely to continue, and whether the current estimated yield of 0.42% on annualized basis is a reasonable expectation of annual yield going forward.
Toll Brothers Inc (TOL), Lennar Corporation (LEN), PulteGroup, Inc. (PHM) : No Competition And Huge Growth? Sign Me Up! (InsiderMonkey)
I’ve been pounding the table to buy Toll Brothers Inc (NYSE:TOL) for a while now. …By this measure, Toll Brothers Inc (NYSE:TOL) leads its peers by a comfortable margin. In the current quarter, Toll’s debt-to-equity ratio is 0.64. By comparison, Lennar Corporation (NYSE:LEN) and PulteGroup, Inc. (NYSE:PHM) reported debt-to-equity ratio of 1.29 and 1.21. Of Toll’s competition, KB Home (NYSE:KBH)appears to be in the weakest position with a debt-to-equity ratio of 4.15. Of course a big difference between Toll and their competition is, Toll doesn’t have a financing division whereas the other builders do.
Deutsche Bank Raises PT on Lennar Corporation on In-Line Results (Benzinga)
In a report published Monday, Deutsche Bank analyst Nishu Sood reiterated a Hold rating on Lennar Corporation (NYSE:LEN), and slightly raised the price target from $37.00 to $38.00. In the report, Sood noted, “Lennar’s results were largely in line with forecasts; however, gross margins were lower than expected. While gross margins at 22.1% were below DB and the Street at 23%, the firm reaffirmed its 23-24% margin guidance for the year. The reaffirmed margin guidance provides some reassurance to investors; however, reduced momentum in margins is significant in that margins have been the highlight of the Lennar story over the past 15-18 months.
Lennar Sells Senior Notes (Nasdaq)
Lennar Corporation (NYSE:LEN) recently sold senior notes worth $50 million due on Nov 15, 2022 to initial purchasers, who in turn will resell the senior notes to qualified institutional buyers. The senior notes, which carry an interest rate of 4.75%, were sold at a price of 98.25% and generated total outstanding principal amount of $575 million. The principal amount is expected to be delivered and paid for on Apr 17, 2013. Prior to this, Lennar had sold its senior notes due 2022 worth $175 million on Feb 4, 2013 and $350 million worth of notes on Oct 23, 2012.
Beazer Homes USA, Inc. to Webcast Its Second Quarter Fiscal 2013 Financial Results Conference Call on May 2, 2013 (FortMillTimes)
Beazer Homes USA, Inc. (NYSE:BZH) (www.beazer.com) has scheduled the release of its financial results for the quarter ended March 31, 2013 on Thursday, May 2, 2013 before the open of the market. The Company will hold a conference call on the same day at 10:00 AM ET to discuss the results. The public may listen to the conference call and view the Company’s slide presentation over the internet on the “Investor Relations” page of the Company’s website, www.beazer.com.
Beazer Homes Introduces New Townhomes At Colonial Forge In Stafford (WSJ)
After successfully selling single family homes in Colonial Forge, Beazer Homes USA, Inc. (NYSE:BZH), one of the country’s top 10 homebuilders, is pleased to introduce its new townhome offerings in the community. This new section will offer two different townhome designs, ranging from 1,514 to over 2,500 square feet. The homes are well priced, in the $200s, and the first homes are expected to be completed in early summer. “We’re excited to be offering these affordable townhomes at such a great community,” said John Reeves, Division President at Beazer Homes USA, Inc. (NYSE:BZH). “The exteriors will be the same ‘craftsman style’ as the single family homes and interiors will have the same quality construction we strive to provide in all of our homes.”
