Home Builders for Less than $5

Looking to invest in some home builders and have 5 bucks?  Well, with the recent rundown on homebuilders over the past month, we have some candidates for you including Standard Pacific Corp (NYSE:SPF), Beazer Homes (NYSE:BZH) and Hovnanian Enterprises Inc. (NYSE:HOV).

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Let’s start with Standard Pacific Corp (NYSE:SPF), which has traded between a 52-week low of $2.08 and its 52-week high of $4.85.  Standard Pacific Corp shares are currently trading with an EPS of -0.05 with a share price of $4.38 at the last checked trade.  Analysts have put the target price on the stock’s shares at $5.07/share.  This company did not see quite the same sell of as many other home builders in March/April, so that may represent some strength in the company shares.  Standard Pacific Corp. operates as a diversified builder of single-family attached and detached homes in the United States. It constructs homes targeting various homebuyers primarily move-up buyers in metropolitan markets in California, Florida, the Carolinas, Texas, Arizona, Colorado, and Nevada.

Beazer Homes (NYSE:BZH) is one of the most popular home builders in the United States as the company designs, builds, and sells single-family and multi-family homes in 16 states in the United States.  Shares have plummeted in the latter half of March and continue to drop in April, which may present investors a good buying opportunity.  BZH shares are trading at $2.84, down -3.07% on the day with volume of 3.03M shares traded.  Analysts have set a target price for the company shares of $3.91 which represents a 37% increase from current levels.

Hovnanian Enterprises Inc. (NYSE:HOV) is another large US home builder with nearly a $225M market capitalization.  It shares are treading water today as they remain unchanged from Friday’s previous close of $2.02/share after 6.4M shares traded hands.  Hovnanian shares are now currently trading -78.2% below its 52-week high of $3.60.  This company has likewise seen a sharp drop in share price over the past three weeks like Beazer and may present an opportunity for investors.  The stock is currently trading near the analysts’ target price of $2.04 after the run up that happened at the beginning of 2012.

Good luck to all investors!
 

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