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D.R. Horton results have homebuilders jumping

Nov. 10, 2015 12:15 PM ETToll Brothers, Inc. (TOL) StockKBH, TOL, PHM, HOV, LEN, XHB, RYL, ITBBy: Stephen Alpher, SA News Editor1 Comment
  • D.R. Horton is up 6.8% after cruising through FQ4 estimates, with orders, backlogs, and closings all up smartly, but prices up only modestly. Pre-tax margin gained 60 basis points to 10.7%, and the company boosted its quarterly dividend by two pennies to $0.08 per share (1% yield).
  • Bears might note the beat was helped along by a $17.5M benefit from the company's DTA, but the bulls control the tape today.
  • With the major averages in the red, the homebuilder ETF is up sharply, ITB +1.4%. More focused on industry suppliers, the XHB is up 0.4%.
  • Toll Brothers (TOL +1.7%), PulteGroup (PHM +2.4%), Lennar (LEN +1.5%), Ryland (RYL), KB Home (KBH +2.3%), Hovnanian (HOV -0.8%).
  • Previously: More on D.R. Horton's FQ4 beat (Nov. 10)
  • Previously: D. R. Horton beats by $0.02, beats on revenue (Nov. 10)

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