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Financial Results, New Home Communities, Share Repurchases, and Dividends - Research Report on Lennar, PulteGroup, Toll

 Financial Results, New Home Communities, Share Repurchases, and Dividends -
    Research Report on Lennar, PulteGroup, Toll Brothers, NVR, and Ryland

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

PR Newswire

NEW YORK, December 23, 2013

NEW YORK, December 23, 2013 /PRNewswire/ --

Today, Analysts' Corner announced new research reports highlighting Lennar
Corporation (NYSE: LEN), PulteGroup, Inc. (NYSE: PHM), Toll Brothers, Inc.
(NYSE: TOL), NVR, Inc. (NYSE: NVR), and The Ryland Group, Inc. (NYSE: RYL).
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 December 18, 2013, Lennar Corporation (Lennar) reported financial results
for Q4 FY 2013 and full-year FY 2013 (period ended November 30, 2013). The
Company reported Q4 FY 2013 total revenues of $1.9 billion, up 41.8% YoY.
Total revenues for full-year FY 2013 were $5.9 billion, up 44.6% YoY. Net
earnings attributable to the Company for Q4 FY 2013 were $164.1 million, or
$0.73 per diluted share, compared to $124.3 million, or $0.56 per diluted
share in Q4 FY 2012. Full-year FY 2013 net earnings attributable to the
Company came in at $479.7 million, or $2.15 per diluted share, compared to
$679.1 million, or $3.11 per diluted share in full-year FY 2012. Stuart
Miller, CEO of Lennar, stated, "Fiscal year 2013 was an excellent year for
Lennar, with revenues and pretax earnings attributable to Lennar increasing
45% and 170%, respectively, from 2012. Our earnings accelerated in the fourth
quarter, fueled by the strategic investments and operating initiatives of our
core homebuilding business. In the fourth quarter, our gross margin increased
330 basis points to 26.8%, the second highest quarterly margin in our company
history. This margin, combined with our SG&A of 9.9%, increased our operating
margin to 16.9%, just shy of our prior quarterly peak record." 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.analystscorner.com/r/full_research_report/c62c_LEN

--

PulteGroup, Inc. Research Report

On December 18, 2013, PulteGroup, Inc. (PulteGroup) announced that its brand,
Pulte Homes, has purchased 58 lots for a new home community in Bonney Lake in
greater Seattle. The Company informed that it has purchased the fully
developed lots in the Tehaleh master plan from Newland Communities, and is
expected to open for sales in March 2014. Mark Kaushagen, President of Pacific
Northwest Division at PulteGroup said, "Tehaleh is one of only a few master
planned communities in the entire Seattle market, and offers homebuyers a
multitude of parks, walking trails and well respected schools on-site at an
affordable price. As a key player in the market, Pulte is focused on building
homeowners the ideal home and community in the best locations." According to
the Company, the new Pulte community in Tehaleh will offer single-story homes
with private backyards and larger lots. The Full Research Report on
PulteGroup, Inc. - including full detailed breakdown, analyst ratings and
price targets - is available to download free of charge at:

http://www.analystscorner.com/r/full_research_report/f945_PHM

--

Toll Brothers, Inc. Research Report

On December 10, 2013, Toll Brothers, Inc. (Toll Brothers) reported financial
results for Q4 FY 2013 and full-year FY 2013 (period ended October 31, 2013).
In Q4 FY 2013, the Company achieved revenues of $1.0 billion, up 65.1% YoY,
while full-year FY 2013 revenues were $2.7 billion, up 42.0% YoY. Q4 FY 2013
net income was $94.9 million, or $0.54 per diluted share, compared to $411.4
million, or $2.35 per diluted share in Q4 FY 2012. Full-year FY 2013 net
income was $170.6 million, or $0.97 per diluted share, compared with $487.1
million, or $2.86 per diluted share in full-year FY 2012. Douglas C. Yearley,
Jr., CEO of Toll Brothers commented, "With revenues and contracts up over 40%,
backlog up over 50% and operating income up over 200%, FY 2013 was an
excellent year for Toll Brothers. We started FY 2013 very strong, building on
the sales momentum of FY 2012. Buoyed by historic low interest rates and
significant pent-up demand, we raised prices and accelerated per-community
home sales paces as the housing market continued its recovery. Our first
nine-months' contracts rose 35% in units and 49% in dollars." He concluded,
"As we look forward to FY 2014, we see our revenues and community count
growing, margins improving and our profitability increasing." The Full
Research Report on Toll Brothers, Inc. - including full detailed breakdown,
analyst ratings and price targets - is available to download free of charge
at:

http://www.analystscorner.com/r/full_research_report/d654_TOL

--

NVR, Inc. Research Report

On December 17, 2013, NVR, Inc. (NVR) announced that its Board of Directors
has authorized the repurchase of $300 million of its outstanding common stock.
NVR stated that the purchases will be made from time to time in the open
market and/or in privately negotiated transactions, depending upon market
conditions. The Company stated that this new authorization prohibits it from
purchasing shares from the Company's officers, directors, Profit Sharing/401K
Plan Trust or Employee Stock Ownership Plan Trust. The Full Research Report on
NVR, Inc. - including full detailed breakdown, analyst ratings and price
targets - is available to download free of charge at:

http://www.analystscorner.com/r/full_research_report/b142_NVR

--

The Ryland Group, Inc. Research Report

On December 12, 2013, The Ryland Group, Inc. (Ryland) reported that its Board
of Directors has declared a quarterly dividend of $0.03 per share. Ryland
informed that the dividend is payable on January 30, 2014, to common
stockholders of record as of January 15, 2014. The Full Research Report on The
Ryland Group, Inc. - including full detailed breakdown, analyst ratings and
price targets - is available to download free of charge at:

http://www.analystscorner.com/r/full_research_report/7f8c_RYL

----

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SOURCE Analysts' Corner

Contact: Joe Thomas CONTACT PHONE: +1-310-496-8071 (North America)