- Reuters•4 days ago
D.R. Horton Inc's quarterly profit edged past estimates on Thursday but concerns about the resilience of a recovery in the U.S. housing market weighed on the company's shares. The largest U.S. homebuilder's shares were down 2.8 percent in afternoon trading, dragging peers including Lennar Corp and PulteGroup Inc lower. Several analysts estimated that the number of homes sold by D.R. Horton could potentially slow in the second half of the year.
- TheStreet.com•4 days ago
Book profits on homebuilder stocks as builder sentiment falls 3 points in April, while single-family starts slip in March.
- PR Newswire•5 days ago
MIAMI, April 19, 2017 /PRNewswire/ -- Lennar Corporation (NYSE:LEN and LEN.B) announced today that it has priced an underwritten public offering of $650 million of 4.50% Senior Notes due 2024 (the "Notes"). The Company plans to use the proceeds from the offering, which are estimated to be approximately $645.8 million, after underwriting fees but before expenses, for general corporate purposes, including the repayment of debt, which may include the repayment, redemption or repurchase of the Company's 12.25% senior notes due June 2017 and/or the Company's 6.875% senior notes due 2021, which are callable at 103.4% of their principal amount in August 2017. The Company expects to realize annualized interest savings of approximately $37 million if the net proceeds of $645.8 million from the offering, together with cash on hand, are used to repay $400 million in principal amount of its 12.25% senior notes in June 2017 and to redeem $250 million in principal amount of its 6.875% senior notes in August 2017.
LEN: Summary for Lennar Corporation Class A - Yahoo Finance
Lennar Corporation (LEN)
NYSE - NYSE Delayed price. Currency in USD
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|Day's range||0.00 - 0.00|
Trade prices are not sourced from all markets
|PE ratio (TTM)||15.04|
|Dividend & yield||0.16 (0.31%)|
|1y target est||N/A|