December 9th, 2004
HomebuilderStocks.com - Reports This Week: Record Breaking Fourth Quarter and Year End Results from Toll Brothers Boosts Homebuilder Market
POINT ROBERTS, WA. December 9th, 2004 - www.HomebuilderStocks.com, (HBS) a global investment news and research portal for the homebuilder sector, reports that record breaking fourth quarter and year end results from top homebuilding company Toll Brothers resulted in share price gains of two to five percent across the board for top industry participants. With records breaking and future outlook earnings boosted, speculators continue to follow the sector intensely. HomebuilderStocks.com provides investors with news, information, public company profiles, and developing trends in the homebuilder sector.
HBS does not make stock recommendations but offers a unique free information portal for investors to explore news, articles, and recent research. The site is currently compensated by featured company International Barrier Technology Inc. (IBTGF: OTCBB; IBH: TSXV).
Toll Brothers, Inc. (www.tollbrothers.com), the nation’s leading builder of luxury homes, on Thursday December 9th, 2004, reported record fourth-quarter and fiscal-year-end results for earnings, revenues, contracts and backlog for the period ended October 31, 2004. The Company reported that their fourth-quarter results were the highest for any quarter in its history. Toll Brothers stock previously set an all time high of $55.20 on Monday, December 5th, 2004.
As of Thursday Morning (December 9th, 2004) other large homebuilders were riding the wave and showed significant share price gains:
DR Horton up $1.29 to $36.94
Centex Corp. up $2.24 to $53.25
KB Home up $2.47 to $94.48
Lennar Corp. up $1.82 to $46.09
Toll Brothers up $5.04 to $59.17
The Dow Jones US Construction Index was also up by 3.4%.
Sector analysts said that earnings growth for Toll Brothers are the result of higher sales for the company, which is a more reliable indicator than if margins were driving the increase.
Our current list of public companies in the sector includes: Beazer Homes USA, Inc., Brookfield Homes, Centex, Inc., Home Depot, Homestore, Inc., KB Home, Lennar Corporation, Lowe’s, Monterey Homes, Orleans Homebuilders, Inc., Pulte Homes and numerous others. For the complete list, click here: http://www.homebuilderstocks.com/Companies/HomebuilderStocks/HomebuilderStockList.asp
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About the author:
HomebuilderStocks.com provides investors with news, information, public company profiles, and developing trends in the homebuilder sector.
HBS does not make stock recommendations but offers a unique free information portal for investors to explore news, articles, and recent research.
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