Positive Quarterly Results, New Contracts and Expansion of Product Portfolio: Good News for the Housing Market - Research Report

Positive Quarterly Results, New Contracts and Expansion of Product Portfolio:
     Good News for the Housing Market - Research Report on Lennar, Fluor,
                         Hovnanian, Lindsay, and Toro

Editor Note: For more information about this release, please scroll to bottom.

PR Newswire

NEW YORK, July 1, 2013

NEW YORK, July 1, 2013 /PRNewswire/ --

Today, Wall Street Reports announced new research reports highlighting Lennar
Corporation (NYSE: LEN), Fluor Corporation (NYSE: FLR), Hovnanian Enterprises,
Inc. (NYSE: HOV), Lindsay Corporation (NYSE: LNN), and The Toro Company (NYSE:
TTC). Today's readers may access these reports free of charge - including full
price targets, industry analysis and analyst ratings - via the links below.

Lennar Corporation Research Report

On June 25, 2013, Lennar Corporation (Lennar) announced financial results for
Q2 FY 2013 (ended May 31, 2013). Revenues were up 53.3% YoY to $1.4 billion,
with 39% increase in deliveries of homes and 27% increase in new orders. The
Company's Q2 FY 2013 net earnings were $137.4 million, or $0.61 per diluted
share, compared with Q2 FY 2012 net earnings of $452.7 million, or $2.06 per
diluted share. "Against the backdrop of recent investor concerns over mortgage
rate increases, we believe that our second quarter results together with real
time feedback from our field associates continue to point towards a solid,
housing recovery," said Stuart Miller, CEO of Lennar. "Our second quarter
results reflect significant improvement in all of our key homebuilding and
financial services metrics. Demand in all of our markets continues to outspace
supply which is constrained by limited land availability and fewer competing
homebuilders. At the same time, affordability remains high and despite recent
interest rate increases, we have seen very little impact on sales or pricing."
The Full Research Report on Lennar Corporation - including full detailed
breakdown, analyst ratings and price targets - is available to download free
of charge at: [http://www.wsreports.com/r/full_research_report/c72d_LEN]

--

Fluor Corporation Research Report

On June 25, 2013, Fluor Corporation (Fluor) announced that the Company was
awarded a contract by Sasol Technology Ltd. (Sasol Technology) to perform
basic engineering services for the Natref Clean Fuels 2 Project in Sasolburg,
South Africa. "This new contract further demonstrates Fluor's strong position
in the global clean fuels project development arena and our ability to deliver
world-class work across Africa," said Peter Oosterveer, President of the
Energy & Chemicals Group at Fluor. One of the key aims of the basic
engineering phase is to perform detailed up-front planning and to develop a
viable and cost-effective project execution strategy to safely drive the
efficient delivery of the project within the approved budget, schedule, and
specification. The Full Research Report on Fluor Corporation - including full
detailed breakdown, analyst ratings and price targets - is available to
download free of charge at:
[http://www.wsreports.com/r/full_research_report/e29a_FLR]

--

Hovnanian Enterprises, Inc. Research Report

On June 5, 2013, Hovnanian Enterprises, Inc. (Hovnanian) announced financial
results for Q2 FY 2013 (ended April 30, 2013). The Company generated revenues
of $423 million, representing an increase of 23.8% YoY. "Throughout the spring
selling season, our communities experienced strong demand for new homes. We
reported 10.3 contracts per active selling community for the second quarter of
fiscal 2013, which is the highest net contracts per community we have reported
for any quarter since the fourth quarter of 2005," said Ara K. Hovnanian,
Chairman of the Board, President, and CEO of Hovnanian. "The combination of
our improved homebuilding gross margin, improving sales pace, and the
resultant operating leverage that we have gained on our interest and SG&A
costs, further increases our confidence that we should be profitable for
fiscal 2013, assuming that market conditions remain stable and excluding any
expenses related to early retirement debt." The Full Research Report on
Hovnanian Enterprises, Inc. - including full detailed breakdown, analyst
ratings and price targets - is available to download free of charge at:
[http://www.wsreports.com/r/full_research_report/b542_HOV]

--

Lindsay Corporation Research Report

On June 24, 2013, Lindsay Corporation (Lindsay) announced the addition of soil
moisture monitoring and a weather station to its product line, Growsmart. The
plug-and-play add-ons use a wireless connection to report relevant weather and
soil water data from the field to a secure customer account on the web. Reece
Andrews, New Technology Product Manager at Lindsay, said that the Growsmart
sensors are designed to provide growers information that enhances irrigation
management using the FieldNET's management tools, which allow growers to
remotely monitor and control their entire irrigation system. The weather
station, on the other hand, includes sensors for wind speed and direction,
solar radiation, air temperature, humidity, precipitation, and calculated
evapotranspiration. "The new soil moisture station and weather station are
designed for quick access to field feedback that can result in better overall
irrigation management and improved crop yield and quality," added Andrews. The
Full Research Report on Lindsay Corporation - including full detailed
breakdown, analyst ratings and price targets - is available to download free
of charge at: [http://www.wsreports.com/r/full_research_report/9573_LNN]

--

The Toro Company Research Report

On June 10, 2013, The Toro Company (Toro) announced its participation in the
Professional Landcare Network's (PLANET) 17th Annual Renewal and Remembrance
landscaping event to be held at Arlington National Cemetery in Virginia on
July 22, 2013. The event is considered by the Company to be the largest green
industry day of service in the US. Toro stated that this marks the second
consecutive year where Toro and its distributor Turf Equipment & Supply
Company will provide PLANET with Toro stand-on aerators and volunteers to help
restore the cemetery grounds. The Company claims that its 30-inch stand-on
aerators are designed for high productivity and are compact enough to go
almost anywhere. The Full Research Report on The Toro Company - including full
detailed breakdown, analyst ratings and price targets - is available to
download free of charge at:
[http://www.wsreports.com/r/full_research_report/0a30_TTC]

----

EDITOR NOTES:

1.This is not company news. We are an independent source and our views do
    not reflect the companies mentioned.
2.Information in this release is fact checked and produced on a best efforts
    basis and reviewed by a CFA. However, we are only human and are prone to
    make mistakes. If you notice any errors or omissions, please notify us
    below.
3.This information is submitted as a net-positive to companies mentioned, to
    increase awareness for mentioned companies to our subscriber base and the
    investing public.
4.If you wish to have your company covered in more detail by our team, or
    wish to learn more about our services, please contact us at
    pubco@EquityNewsNetwork.com.
5.For any urgent concerns or inquiries, please contact us at
    compliance@EquityNewsNetwork.com.
6.Are you a public company? Would you like to see similar coverage on your
    company? Send us a full investors' package to
    research@EquityNewsNetwork.com for consideration.

COMPLIANCE PROCEDURE

Content is researched, written and reviewed on a best-effort basis. This
document, article or report is prepared and authored by Equity News Network.
An outsourced research services provider has, through Chartered Financial
Analysts, only reviewed the information provided by Equity News Network in
this article or report according to the Procedures outlined by Equity News
Network. Equity News Network is not entitled to veto or interfere in the
application of such procedures by the outsourced provider to the articles,
documents or reports, as the case may be.

NOT FINANCIAL ADVICE

Equity News Network makes no warranty, expressed or implied, as to the
accuracy or completeness or fitness for a purpose (investment or otherwise),
of the information provided in this document. This information is not to be
construed as personal financial advice. Readers are encouraged to consult
their personal financial advisor before making any decisions to buy, sell or
hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED  

Equity News Network is not responsible for any error which may be occasioned
at the time of printing of this document or any error, mistake or shortcoming.
No liability is accepted by Equity News Network whatsoever for any direct,
indirect or consequential loss arising from the use of this document. Equity
News Network expressly disclaims any fiduciary responsibility or liability for
any consequences, financial or otherwise arising from any reliance placed on
the information in this document. Equity News Network does not (1) guarantee
the accuracy, timeliness, completeness or correct sequencing of the
information, or (2) warrant any results from use of the information. The
included information is subject to change without notice.

SOURCE Wall Street Reports

Contact: WSReports.com Phone #: +1-310-496-8071 (North America)
 
Press spacebar to pause and continue. Press esc to stop.