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Bidding War Begins for Construction Materials Stock
Schaeffers Investment Research· 2025-06-20 14:42
Core Insights - GMS Inc has seen a significant increase in stock price, rising 30% to $104.25 following two buyout bids, one from Home Depot and another from QXO with a $5 billion all-cash offer [1] - The stock experienced its largest daily gain since December 2022, with a 10.6% increase on Wednesday, and is on track for its highest close and best daily percentage jump on record [2] - Truist Securities and Barclays have raised their price targets for GMS to $105 and $95 respectively, indicating potential for further bullish sentiment despite a majority of brokerages maintaining a "hold" recommendation [3] Stock Performance - GMS shares are up 21% in 2025, reflecting strong market performance [2] - The average 12-month price target for GMS is $95.93, which represents a 7.5% discount to current trading levels [3] Short Interest - Short interest in GMS has increased by 7.3% over the past two reporting periods, now making up 4.4% of the total available float [4] - At the current average daily trading volume, it would take over four days for short sellers to cover their positions [4]
LGI Homes Announces Boone Trail Village: A New Community Offering Peaceful Living in Lillington, NC
Globenewswire· 2025-06-20 12:00
Core Insights - LGI Homes has launched Boone Trail Village, a new home community in Lillington, North Carolina, featuring 111 homes designed for modern living [1][4] - The community is strategically located between Raleigh and Fayetteville, providing residents with access to local amenities and outdoor attractions [2][3] Company Overview - LGI Homes, headquartered in The Woodlands, Texas, operates in 36 markets across 21 states and has closed over 75,000 homes since its inception in 2003 [6] - The company is recognized for its quality construction and customer service, earning accolades such as being named one of Newsweek's World's Most Trustworthy Companies [6] Community Features - Boone Trail Village offers a variety of spacious floor plans, including the CompleteHome Plus™ package with modern amenities like stainless steel appliances and smart home upgrades [4][5] - Homes are set on large lots ranging from half an acre to over two acres, providing ample outdoor space [4] Pricing and Accessibility - Homes in Boone Trail Village start in the $360,000s, making homeownership accessible in a picturesque setting [5] - The community aims to simplify the buying process with budget-friendly monthly payments [5] Home Designs - Various home plans are available, including the Taylor (1,584 sq. ft.), Clayton (1,964 sq. ft.), Marie (1,988 sq. ft.), Lee (2,070 sq. ft.), and Craven (2,397 sq. ft.), catering to different family needs and lifestyles [7][8]
Why Is Toll Brothers (TOL) Up 1.4% Since Last Earnings Report?
ZACKS· 2025-06-19 16:30
It has been about a month since the last earnings report for Toll Brothers (TOL) . Shares have added about 1.4% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Toll Brothers due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.How Have Estimates Been Moving Since Then ...
New Toll Brothers Model Home Now Open in Randolph, New Jersey
Globenewswire· 2025-06-19 14:10
RANDOLPH, N.J., June 19, 2025 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced its newest model home is now open in its Oaks at Randolph community in Randolph, New Jersey. This exclusive Toll Brothers neighborhood features upscale townhomes and an array of resort-style amenities. The model home is now open daily for tours at 3 Flower Horn Blvd. in Randolph. Oaks at Randolph features 108 townhomes situated within a beautiful, wooded setting. Th ...
Century Communities Sets Date for Second Quarter 2025 Earnings Release and Conference Call
Prnewswire· 2025-06-18 20:05
GREENWOOD VILLAGE, Colo., June 18, 2025 /PRNewswire/ -- Century Communities, Inc. (NYSE: CCS), a leading national homebuilder, today announced that the Company will release its second quarter 2025 financial results after the market closes on Wednesday, July 23, 2025. A conference call will be held that same day at 5:00 p.m. Eastern time, 3:00 p.m. Mountain time, to review the Company's second quarter results, discuss recent events and conduct a question-and-answer session.Webcast:The conference call will be ...
X @Investopedia
Investopedia· 2025-06-18 16:00
Homebuilder confidence fell in June, logging its third lowest reading since 2012. Buyers struggling with affordability stayed on the sidelines, even as builders lowered prices. https://t.co/ZRCgV2QSrL ...
The Housing Lull
ARK Invest· 2025-06-18 15:37
So here you can see home sellers versus home buyers and there's a a big imbalance developing here suggesting that the market is very weak and that the buyers are probably not going to move unless they have a good reason. Either interest rates come down or prices come down and you can see here what's going on with volume very low by historical standards. I can tell you in in the late 70s when I was in college and started in this business, this metric was at five million units.And to see it at 4 million now a ...
Century Communities Announces Two Grand Opening Events on June 21 in California's Bay Area
Prnewswire· 2025-06-18 14:23
Core Insights - Century Communities, Inc. is hosting Grand Opening celebrations for two new home communities, Newport Pointe in Discovery Bay and Malana at Lakeview in Mountain House, on June 21, 2025 [1][2] Group 1: Company Overview - Century Communities is recognized as a top national homebuilder and an industry leader in online home sales, featured on Newsweek's lists of America's and the World's Most Trustworthy Companies [1][6] - The company operates in 17 states and over 45 markets across the U.S., providing a range of services including mortgage, title, insurance brokerage, and escrow services through its subsidiaries [6] Group 2: New Developments - Newport Pointe is now selling from the upper $700s, featuring single-family homes with 3 to 5 bedrooms, 2.5 to 3 bathrooms, and up to 2,833 square feet [3][4] - Malana at Lakeview is now selling from the low $1 millions, offering similar single-family homes with multi-gen living options and up to 2,807 square feet [3][4] Group 3: Community Features - Both communities provide access to various recreational activities, including boating, fishing, and kayaking, along with proximity to amenities such as golf courses, parks, and shopping [3][4] - Malana at Lakeview is part of The Lakes at Mountain House, which includes future parks, trails, schools, and a community center [4] Group 4: Online Homebuying - Century Communities offers an industry-first online homebuying experience, allowing customers to shop for homes and complete purchases electronically [5][8]
Housing starts hit five-year low; jobless claims down
CNBC Television· 2025-06-18 13:11
Jobless claims and housing uh starts data going to hit the wires right now in about two seconds. Rick Santelli standing by at this in CM in Chicago. Hey Rick.Hi. Good morning Joe. Yes.Housing starts for the month of May expected 1,350,000 seasonally adjusted annualized units. Comes in light, extremely light. 1,256,000.That is definitely well below what we are expecting. And that would be the lightest going back well quite a ways. We're going back to wow 1256. We're going all the way back to May of 2020. May ...
Toll Brothers Announces New Luxury Home Community Coming Soon to La Quinta, California
Globenewswire· 2025-06-17 17:00
LA QUINTA, Calif., June 17, 2025 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced its newest Southern California community, Toll Brothers at Griffin Ranch, is coming soon to La Quinta, California. This exclusive Toll Brothers neighborhood will include only 37 estate-sized single-story homes and an array of existing luxury amenities. Site work is underway, and the community is anticipated to open for sale in late 2025. Toll Brothers at Griffin ...