|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||48.13 - 48.97|
|52-week range||32.74 - 50.75|
|PE ratio (TTM)||14.04|
|Forward dividend & yield||0.16 (0.32%)|
|1y target est||N/A|
U.S. homebuilding jumped to a one-year high in October as disruptions caused by recent hurricanes in the South faded and communities in the region started replacing houses damaged by flooding. The broad recovery could ease concerns about the housing market, which has been a drag on economic growth since the second quarter. "Homebuilders are building and that signals greater confidence in the economy ahead," said Chris Rupkey, chief economist at MUFG in New York.
Stocks that moved substantially or traded heavily on Thursday: Newell Brands Inc., down $10.99 to $30.01 The owner of Rubbermaid and other household brands slashed its estimates for the year. Lennar Corp., ...
The House Republican tax plan would cap the mortgage interest deduction at $500,000, down from $1 million. Homebuilders retreated, along with Home Depot and Lowe's.
FBR Capital Markets On Monday morning, Lennar announced a definitive agreement to acquire CalAtlantic Group, to create the nation’s largest home builder. CalAtlantic (CAA) holders will receive 0.885 share of Lennar (LEN), which equates to a share price of $51.34. The total transaction value is $9.3 billion, including $3.6 billion in net debt, with an expected closing in first-quarter calendar 2018.
Lennar (LEN) to buy CalAtlantic in a $9.3 billion deal, creating the country's largest homebuilder by revenues. The combined entity is expected to generate meaningful cost savings.
The major indexes fell, Lennar and CalAtlantic announced a merger, and shares of Merck sank after it announced the withdrawal of a cancer drug application.
A flurry of deals were announced Monday in the homebuilder, energy and education sectors and more deals could be announced soon.
Lennar Corp.’s record takeover of CalAtlantic Group Inc. is a bullish sign for homebuilding in the U.S. Trade groups, meanwhile, worry that lawmakers are about to kneecap the industry.
Valued at $5.66 billion in stock and shares, plus $3.6 billion in net debt, analysts said the buyout would give Lennar a better foothold in booming housing markets in California from which CalAtlantic drew a third of its revenue last year. CalAtlantic's shares jumped 23 percent after the announcement of the deal, which valued its shares at $51.24 per share a premium of 27 percent to Friday's close, but Lennar's fell almost 3 percent. It valued the combined firm at $18 billion, compared to Horton's market cap of around $15.6 billion.
Leonard Miller put $10,000 into a homebuilding venture in 1956. That business has been capitalizing on the American construction boom ever since, and now his son is spearheading a $5.7 billion deal to ...
Homebuilders Lennar and CalAtlantic are merging in a deal that will create the nation's largest builder of new homes and is expected to yield rising profits for investors. The merger comes amid a real estate recovery that has new home starts at just half their pre-crisis peak.
Lennar is buying CalAtlantic Group in a $5.7 billion deal that will create the nation's largest homebuilder as sales of new homes reach levels not seen in a decade. The acquisition, which is worth more ...
Home builders Lennar Corp. and CalAtlantic Group Inc. on Monday said they plan to merge in a deal worth about $9.3 billion, including $3.6 billion in assumed net debt. Each CalAtlantic share will be exchanged ...
The Zacks Analyst Blog Highlights: KB Home, Lennar, Persimmon, Beazer Homes and Toll Brothers
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