NEW YORK, May 25, 2017 /PRNewswire/ --
Companies in the Residential Construction industry construct and renovate residential buildings. Major products are single-family homes and multifamily buildings. In today's pre-market research, Stock-Callers.com monitors Lennar Corp. (NYSE: LEN), TRI Pointe Group Inc. (NYSE: TPH), Taylor Morrison Home Corp. (NYSE: TMHC), and Hovnanian Enterprises Inc. (NYSE: HOV). Learn more about these stocks by downloading their free report at:http://stock-callers.com/registration
On Wednesday, shares in Miami, Florida-based Lennar Corp. recorded a trading volume of 1.33 million shares. The stock ended the session 0.68% higher at $51.98. The Company's shares have gained 2.52% in the last one month, 10.24% over the previous three months, and 21.08% on an YTD basis. The stock is trading 1.48% above its 50-day moving average and 12.38% above its 200-day moving average. Moreover, shares of Lennar, which together with its subsidiaries, engages in the homebuilding activities in the US, have a Relative Strength Index (RSI) of 56.83.
On May 16th, 2017, Lennar Multifamily Communities (LMC), a wholly owned subsidiary of Lennar, announced the start of preleasing at The Emerson, a mixed-use apartment community located in the heart of downtown Oak Park. The Emerson features 270 apartment homes amongst a five-storey, low-rise building and a 20-storey, high-rise building. LMC will conduct community tours at the low-rise building and hard-hat tours of the high-rise building. The free research report on LEN is available at:
Irvine, California headquartered TRI Pointe Group Inc.'s stock closed the day 0.39% higher at $12.80 with a total trading volume of 793,818 shares. The Company's shares have advanced 3.81% in the past month, 5.70% in the previous three months, and 11.50% since the start of this year. The stock is trading 2.52% and 3.32% above its 50-day and 200-day moving averages, respectively. Additionally, shares of TRI Pointe, which through its subsidiary, TRI Pointe Homes, Inc., engages in the design, construction, and sale of single-family attached and detached homes in the US, have an RSI of 58.38.
On April 26th, 2017, TRI Pointe announced results for Q1 ended March 31st, 2017. Net income available to common stockholders was $8.2 million during Q1 2017; home sales revenue was $392.0 million; and new home orders increased 13% to 1,299 homes. The Company also ended the quarter with 1,734 homes in backlog, representing approximately $1.0 billion. The complimentary report on TPH can be downloaded at: http://stock-callers.com/registration/?symbol=TPH
Taylor Morrison Home
Shares in Scottsdale, Arizona headquartered Taylor Morrison Home Corp. recorded a trading volume of 1.57 million shares, which was higher than their three months average volume of 1.17 million shares. The stock ended yesterday's trading session 1.32% higher at $23.78. The Company's shares have advanced 7.17% in the past month, 21.45% in the previous three months, and 23.47% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 7.31% and 21.51%, respectively. Furthermore, shares of Taylor Morrison Home, which operates as a public homebuilder in the US, have an RSI of 63.82.
On April 28th, 2017, research firm FBR & Co. reiterated its 'Market Perform' rating on the Company's stock with an increase of the target price from $21 a share to $23 a share.
On May 08th, 2017, Taylor Morrison Home has teamed up with HomeAid and Volunteers of America to help remodel six apartment homes in Sacramento for veterans and their families. A longtime partner of HomeAid Sacramento, Taylor Morrison is committed to supporting the community and is honored to have the opportunity to provide updated homes with modern comforts for local veterans. Visit us today and download our complete research report on TMHC for free at: http://stock-callers.com/registration/?symbol=TMHC
Red Bank, New Jersey headquartered Hovnanian Enterprises Inc.'s stock finished Wednesday's session 2.43% higher at $2.53. A total volume of 1.40 million shares was traded, which was above their three months average volume of 1.00 million shares. The Company's shares have advanced 8.58% in the last one month and 9.52% over the previous three months. The stock is trading above its 50-day and 200-day moving averages by 10.12% and 19.38%, respectively. Additionally, shares of Hovnanian Enterprises, which designs, constructs, markets, and sells residential homes in the US, have an RSI of 69.53.
On May 22nd, 2017, Hovnanian Enterprises announced that it will release financial results Q2 ended April 30th, 2017, on the morning of June 02nd, 2017. The Company will webcast its Q2 earnings conference call at 11:00 a.m. ET on that same day. The conference call and accompanying slide presentation will be webcast live under the "Investor Relations" section of the Company's website. Get free access to your technical report on HOV at: http://stock-callers.com/registration/?symbol=HOV
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