Earnings Releases, Stock Price Movements, Public Offerings, New Townhomes, and New Contracts - Research Report on DR Horton, Layne, NVR, Foster Wheeler, and Meritage Homes
NEW YORK, January 14, 2014 /PRNewswire/ --
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Today, Analysts' Corner announced new research reports highlighting DR Horton Inc. (NYSE: DHI), Layne Christensen Co. (NASDAQ: LAYN), NVR Inc. (NYSE: NVR), Foster Wheeler AG (NASDAQ: FWLT), and Meritage Homes Corporation (NYSE: MTH). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
DR Horton Inc. Research Report
On January 6, 2014, DR Horton Inc. (DR Horton) announced the schedule of its earnings release for Q1 FY 2014 (period ended December 31, 2013). The Company stated that it will release its financial results for the quarter on Tuesday, January 28, 2014, before the market opens. DR Horton added that in conjunction with the earnings release, it will host a conference call at 10:00 a.m. ET on the same day. The Company said that a webcast of the call and its replay will be available on the "Investors" page at the website. The Full Research Report on DR Horton Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Layne Christensen Co. Research Report
On January 9, 2014, Layne Christensen Co.'s (Layne Christensen) stock went up 12.25% to end the day at $18.60. The Company's stock rose 11.85% over the past three trading days, compared to the Dow Jones Industrial Average which gained 0.12% over the same trading period. The Full Research Report on Layne Christensen Co. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
NVR Inc. Research Report
On January 8, 2014, NVR Inc. (NVR) announced the launch of its newly decorated Mozart townhome model at Coddington View in Upper Pottsgrove, Pennsylvania. The Company stated that Coddington View has been built by the Company's Ryan Homes division and offers the lowest-priced townhomes in Montgomery County, priced from the upper $160,000's. NVR added that Coddington View is a collection of luxurious townhomes located in Montgomery County, offering spacious models with up to 4 bedrooms, with an attached garage and a full basement. The Full Research Report on NVR Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Foster Wheeler AG Research Report
On January 8, 2014, Foster Wheeler AG (Foster Wheeler) announced that a subsidiary of its Global Engineering and Construction (E&C) Group has been awarded a contract by STAR Rafineri A.Ş. for project management consultancy (PMC) for its Aegean Refinery, which is to be built within the Petkim Petrokimya A.Ş. (PETKİM) facilities at Aliağa, Turkey. The Company stated that the contract value was not disclosed and was included in the Company's Q3 2013 bookings. Foster Wheeler stated that it executed the front-end engineering design (FEED) for the entire refinery and also supplied the license and basic design package for the delayed coker, which will utilize Foster Wheeler's leading SYDEC(SM) delayed coking technology. Roberto Penno, CEO of Foster Wheeler's Global E&C Group, commented, "Having successfully delivered a high quality FEED, we are very pleased to continue to play a key role in this strategic investment in Turkey. We believe that our proven project management and refining capabilities, our experience in executing mega-projects, and our long-established operation in Turkey were all instrumental in our success in winning this contract." The Full Research Report on Foster Wheeler AG - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Meritage Homes Corporation Research Report
On January 10, 2014, Meritage Homes Corporation (Meritage Homes) announced the pricing of its registered public offering of 2.2 million shares of its common stock at $45.75 per share. The Company stated that net proceeds from the offering are estimated to be approximately $95.9 million after underwriting discounts and estimated offering expenses (or approximately $110.3 million if the underwriters' option to purchase additional shares is fully exercised). Meritage Homes stated that as part of the proposed offering, the Company has granted the underwriters a 30-day option to purchase up to 330,000 additional shares. The Company added that the offering is expected to close on January 15, 2014, subject to customary closing conditions. Meritage Homes said that it intends to use the proceeds from the offering for working capital, potential expansion into new markets and/or expansion of existing markets and general corporate purposes. The Full Research Report on Meritage Homes Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
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