DHI, TOL, LEN, HOV, KBH – D.R. Horton Earnings Boost Housing Stocks

DHI stock is up over 10% Tuesday

   

D.R. Horton (DHI) had a profitable 2013 that’s helped boost the housing market and other housing stocks.

dhi DHI, TOL, LEN, HOV, KBH   D.R. Horton Earnings Boost Housing StocksThe homebuilding company reported that net income for its first fiscal quarter ended December 31, 2013 increased 86% to $123.2 million. On top of that, Chairman of the Board Donald R. Horton said that the company’s fiscal 2014 is off to a great start. D.R. Horton’s pre-tax income increased 76% to $189.7 million and its pre-tax income margin improved 290 basis points to 11.4%.

DHI stock is up 9.8% in early afternoon trading Tuesday. TOL stock and LEN stock were among other housing stocks that boomed today with shares up 3.3% and 4.2% respectively. HOV stock is up 3.1% and KBH stock received a 3.6% bump Tuesday.


Article printed from InvestorPlace Media, http://investorplace.com/2014/01/dhi-tol-len-hov-kbh-d-r-horton/.

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