This Morning's Technical Outlook on Residential Construction Stocks -- M.D.C. Holdings, Lennar, Beazer Homes USA, and Toll Brothers
NEW YORK, Dec. 12, 2017 /PRNewswire/ --
In keeping with the commitment to dynamically provide members with timely information, WallStEquities.com has issued free tailored Stock Review on MDC, LEN, BZH, and TOL which is a click away at www.wallstequities.com/registration. For today, WallStEquities.com revisits the Residential Construction space, which is in the business of building and selling individual and multi-family dwellings. Lined up for evaluation this morning are the following stocks: M.D.C. Holdings Inc. (NYSE: MDC), Lennar Corp. (NYSE: LEN), Beazer Homes USA Inc. (NYSE: BZH), and Toll Brothers Inc. (NYSE: TOL). With Wall St. Equities' free research reports get an edge over stock markets, sign up now at: www.wallstequities.com/registration
M.D.C. Holdings
Denver, Colorado-based M.D.C. Holdings Inc.'s shares declined 1.44%, closing Monday's trading session at $31.38. The stock recorded a trading volume of 422,525 shares. The Company's shares have advanced 2.39% in the last month, 7.62% over the previous three months, and 32.07% since the start of this year. The stock is trading 2.23% above its 200-day moving average. Additionally, shares of M.D.C. Holdings, which through its subsidiaries, engages in homebuilding and financial service businesses in the US, have a Relative Strength Index (RSI) of 43.51.
On November 21st, 2017, M.D.C. Holdings announced that its Board of Directors has declared a special 8% stock dividend. The stock dividend will be distributed on December 19th, 2017, to shareowners of record on December 05th, 2017, and will be in the form of one additional share of the Company's common stock for each 12.5 shares owned by shareowners on the record date. Our free and thorough report on MDC awaits you at: www.wallstequities.com/registration/?symbol=MDC
Lennar
On Monday, shares in Miami, Florida-based Lennar Corp. recorded a trading volume of 2.82 million shares. The stock declined 0.80%, ending the day at $61.68. The Company's shares have advanced 4.67% in the past month, 20.30% in the previous three months, and 46.17% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 7.30% and 17.21%, respectively. Furthermore, shares of Lennar, which together with its subsidiaries, engages in the homebuilding activities in the US, have an RSI of 60.43. LEN's complimentary research coverage is a few simple steps away at: www.wallstequities.com/registration/?symbol=LEN
Beazer Homes USA
Atlanta, Georgia headquartered Beazer Homes USA Inc.'s stock finished the day 3.41% lower at $19.28. A total volume of 546,011 shares was traded, which was above their three months average volume of 496,330 shares. Te Company's shares have surged 26.93% in the previous three months and 44.96% on an YTD basis. The stock is trading above its 200-day moving average by 25.54%. Additionally, shares of Beazer Homes, which operates as a homebuilder in the US, have an RSI of 34.40.
On November 14th, 2017, Beazer Homes announced its financial results for the quarter and fiscal year ended September 30th, 2017. For Q4 2017, net income from continuing operations was $33.7 million, adjusted EBITDA was $76.9 million, and homebuilding revenue was $665.5 million. For the full year of 2017, net income from continuing operations was $32.0 million, adjusted EBITDA was $178.8 million, and homebuilding revenue was $1.9 billion. Register for your free research report on BZH at: www.wallstequities.com/registration/?symbol=BZH
Toll Brothers
Shares in Horsham, Pennsylvania headquartered Toll Brothers Inc. ended yesterday's session 0.27% lower at $47.74. The stock recorded a trading volume of 3.31 million shares, which was above its three months average volume of 2.14 million shares. The Company's shares have advanced 4.24% in the last one month, 18.76% over the previous three months, and 54.00% since the start of this year. The stock is trading 4.97% and 20.02% above its 50-day and 200-day moving averages, respectively. Moreover, shares of Toll Brothers, which together with its subsidiaries, designs, builds, markets, and arranges finance for detached and attached homes in luxury residential communities, have an RSI of 53.50.
On December 05th, 2017, Toll Brothers announced financial results for its Q4 and fiscal year ended October 31st, 2017. For Q4 2017, net income was $191.9 million, and revenues were $2.03 billion. For the full fiscal year of 2017, net income was $535.5 million, and revenues were $5.82 billion.
On December 07th, 2017, research firm Raymond James downgraded the Company's stock rating from 'Strong Buy' to 'Outperform'. Wall St. Equities' downloadable research report on TOL available at: www.wallstequities.com/registration/?symbol=TOL
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