Economy Bolsters Demand for Heavy Construction - Research Report on Desarrolladora Homex, URS, Foster Wheeler, Forestar Group

     Economy Bolsters Demand for Heavy Construction - Research Report on
Desarrolladora Homex, URS, Foster Wheeler, Forestar Group and Chicago Bridge &
                                     Iron

PR Newswire

NEW YORK, March 5, 2013

NEW YORK, March 5, 2013 /PRNewswire/ --

Today, Investors Alliance announced new research reports highlighting
Desarrolladora Homex, SAB de CV (NYSE:HXM), URS Corporation (NYSE:URS), Foster
Wheeler AG (NASDAQ:FWLT), Forestar Group Inc. (NYSE:FOR) and Chicago Bridge &
Iron Company N.V. (NYSE:CBI). Today's readers may access these reports free of
charge - including full price targets, industry analysis and analyst ratings -
via the links below.

Desarrolladora Homex, SAB de CV Research Report

Mexican homebuilder Desarrolladora Homex posted a net loss of $16 million in
Q4 2012 compared to a profit of $4.79 million one year ago, after a change in
government affecting subsidies for its low-income houses as well as sales
costs increases and exchange rate losses for the quarter. Revenue did rise
21.5 percent to $625 million from $515 million thanks to payments from the
Mexican government for the jails it is building, though revenue from home
sales did decline to $447 million. Nevertheless, the stock has been performing
well as of late, rising 1.45 percent to $11.90 per share following the 8
percent plunge after the earnings report was released. The Street rates the
company as a "hold," citing strengths in revenue, valuation levels, and cash
flow, all countering its high debt management risk and poor profit margins.
The Full Research Report on Desarrolladora Homex, SAB de CV - including full
detailed breakdown, analyst ratings and price targets - is available to
download free of charge at:
[http://www.investors-alliance.com/r/full_research_report/2a80_HXM]

--

URS Corporation Research Report

URS reported Q4 2012 earnings per share of 95 cents, up a whopping 156.7
percent year over year, while revenue was $2.97 billion, up 24.2 percent
compared with $2.39 billion year over year. Management says profits were
primarily driven by strong activity in the company's oil and gas business,
while revenue was aided by strong performance of the federal sector in
addition to their oil and gas businesses. In comparison, analysts expected
earnings per share of 99 cents. Meanwhile earnings of $4.17 a share for 2012
exceeded the expected $4.15 a share driven by strong business across the
company's segments and synergies from the acquisition of Flint Energy. For
this year, the company expects revenue to be between $11.8 billion and $12.2
billion and earnings between $4.25 and $4.75 a share. The Full Research Report
on URS Corporation - including full detailed breakdown, analyst ratings and
price targets - is available to download free of charge at:
[http://www.investors-alliance.com/r/full_research_report/616d_URS]

--

Foster Wheeler AG Research Report

Foster Wheeler has been awarded a contract by Korean conglomerate Daelim
Industrial for the design and supply of a circulating fluidized-bed steam
generator in the Philippines, the SM200 Phase 1 Coal Fired Power Station of
Sarangani Energy Corporation, a joint venture company between Alsons
Consolidated Resources, Inc. and Toyota Group. The company will design the 100
MWe generator, which will burn coal with lesser emissions, and auxiliary
equipment for the project. In other news, Foster Wheeler is set to report its
Q4 2012 results on the first week of March this year, and is expected to be
solid on the back of three big orders, including the project mentioned. The
Full Research Report on Foster Wheeler AG - including full detailed breakdown,
analyst ratings and price targets - is available to download free of charge
at: [http://www.investors-alliance.com/r/full_research_report/4f5f_FWLT]

--

Forestar Group Inc. Research Report

Forestar Group reported Q4 2012 net income of approximately $10 million or 28
cents per diluted share, compared with a Q4 2011 net loss of approximately
$22.9 million or 65 cents per share. The results included after-tax expenses
of approximately $400,000 of 1 cent per share, associated with acquisition of
CREDO Petroleum, compared to last year's after-tax loss of $28.9 million, or
82 cents per share related to non-cash asset impairments in relation to the
company's acquisition of the entire interest in 17 projects from the CL Realty
and TEMCO ventures. Meanwhile, Forestar announced the pricing of a public
offering of $110 million aggregate principal amount of its 3.75% Convertible
Senior Notes due 2020. The Full Research Forestar Group Inc. - including full
detailed breakdown, analyst ratings and price targets - is available to
download free of charge at:
[http://www.investors-alliance.com/r/full_research_report/8539_FOR]

--

Chicago Bridge & Iron Company N.V. Research Report

CB&I reported Q4 2012 results, with earnings per share of 91 cents 30 percent
higher from 70 cents a share earned in the year-ago quarter, while revenue
came is up 22.5 percent year over year to $1.5 billion. In comparison,
analysts predicted earnings of 83 cents per share. The growth was attributed
to strong order activity during the quarter, as well as higher demand for
energy infrastructure, especially in the LNG, gas processing and oil sands
markets across the world. For the quarter, new awards totaled $2.8 billion,
which in turn increased the company's backlog to $7.3 billion for 2012 with a
good mix of reimbursable and lump sum contracts. The Full Research Report on
Chicago Bridge & Iron Company N.V. - including full detailed breakdown,
analyst ratings and price targets - is available to download free of charge
at: [http://www.investors-alliance.com/r/full_research_report/e03f_CBI]

--

Consider Investors Alliance

Tired of hearing about the latest, greatest trade opportunity... only to
realize that the ship has long sailed? You need a strong, informative
community in your arsenal. Join the group that has been consistently
identifying momentous situations as they develop - long before they become the
next top news on major financial networks.

Contact: Patricia Byers
Email: press@investors-alliance.com
Main: +1-480-745-7826

SOURCE Investors-Alliance
 
Press spacebar to pause and continue. Press esc to stop.