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

by Karl Utermohlen | January 28, 2014 1:21 pm

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

D.R. Horton (DHI[1]) 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 Stocks[2]The homebuilding company reported that net income for its first fiscal quarter ended December 31, 2013 increased[3] 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.

Endnotes:
  1. DHI: http://studio-5.financialcontent.com/investplace/quote?Symbol=DHI
  2. [Image]: http://investorplace.com/wp-content/uploads/2011/05/dhi.gif
  3. increased: http://www.marketwatch.com/story/dr-horton-inc-americas-builder-reports-fiscal-2014-first-quarter-earnings-and-declares-quarterly-dividend-2014-01-28?reflink=MW_news_stmp

Source URL: http://investorplace.com/2014/01/dhi-tol-len-hov-kbh-d-r-horton/
Short URL: http://invstplc.com/1bamSTT