News Recap: Lockheed Martin Corporation, Radian Group Inc. (NYSE:RDN), Hovnanian Enterprises, Charles Schwab Corp

Lakeway, NY -- (SBWIRE) -- 03/14/2013 -- ThePennyStockProfiler.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-

Lockheed Martin Corporation(NYSE:LMT) shares increased 2.14% and closed at $92.30. The company yesterday said it plans to create 166 new jobs with a new project building tanks for liquefied natural gas storage and transportation at the eastern New Orleans facility where it once built huge fuel tanks for the space shuttle program.

The company is making a $3 million capital investment in the new project, Jindal said at a news conference. He said the first phase of the project is expected to begin in December.

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Radian Group Inc. (NYSE:RDN) shares climbed 2.11% to $10.14. The company, on Mar. 5, announced that it has completed its previously announced concurrent public offerings of 39.1 million shares of common stock and $400 million principal amount of convertible senior notes due 2019. The Company received aggregate net proceeds, after underwriting discounts and commissions and estimated offering expenses, of approximately $299.5 million from the Common Stock Offering and $389.8 million from the Convertible Notes Offering.

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Hovnanian Enterprises, Inc. (NYSE:HOV) stock climbed 2.10% to $5.84. The company, on Mar. 6, reported first-quarter net loss of $11.3 million or $0.08 per share, from $18.3 million or $0.17 per share, in the prior year's fiscal first quarter. Analysts expected the company to report a loss of $0.10 per share for the quarter. Adjusted pre-tax loss for the quarter was $20.1 million compared with a pre-tax loss of $34.3 million during the same quarter a year ago. Total revenues were $358.2 million for the fiscal 2013 first quarter up 32.9% compared with $269.6 million in the fiscal first quarter of 2012. Analysts had consensus revenue estimate of $381.11 million for the quarter.

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Charles Schwab Corp (NYSE:SCHW) stock jumped 2.09% to $18.11. SCHW’s stock was upgraded by investment analysts at Sanford C. Bernstein from a “market perform” rating to an “outperform” rating in a note issued to investors this month. The firm currently has a $23.00 target price on the stock.

Additionally, the company announced its earnings results on Jan. 16. The company reported $0.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.15. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.21 billion.

Is SCHW a Strong Buying Opportunity After The Recent Slump? Find out Here

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