As of Thursday, PulteGroup Inc.’s (NYSE:PHM) stock closed at $38.14, down from $39.44 the previous day. While PulteGroup Inc. has underperformed by -3.30%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PHM fell by -20.41%, with highs and lows ranging from $58.09 to $35.03, whereas the […]
→ Google Traduction
PulteGroup has been accused of overpaying executives; however, my analysis shows that Pulte’s CEO pay is in line with peers.
→ Google Traduction
PulteGroup, Inc. (NYSE: PHM) today announced its recognition among the Best Workplaces for Women by Fortune and Great Place to Work. This is PulteGroup’s third consecutive year being named to this prestigious list, ranking #32 in 2022. “We are grateful for our dedicated team members who have made us a Best Workplace for Women for the last three years. This recognition is especially meaningful
→ Google Traduction
Housing market slowing down, but I expect house prices should continue to increase over the next decade. Read more to see why PulteGroup will benefit from this.
→ Google Traduction
PulteGroup with ticker code (PHM) now have 13 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The range between the high target price and low target price is between 80 and 41 with a mean TP of 52.08. Given that the stocks previous close was at 39.34 this indicates there is a potential upside of 32.4%. The day 50 moving average is 42.25 while the 200 day moving average is 45.7. The company has a market capitalisation of $9,008m. Visit the company website at: https://www.pultegroup.com [stock_market_widget type="chart" template="basic" color="green" assets="PHM" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $11,925m based on the market concensus. PulteGroup , through its subsidiaries, primarily engages in the homebuilding business in the United States. It acquires and develops land primarily for residential purposes; and constructs housing on such land. The company also offers various home designs, including single-family detached, townhomes, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, American West, and John Wieland Homes and Neighborhoods brand names.
→ Google Traduction
PulteGroup (NYSE:PHM) hasd declared $0.15/share quarterly dividend, in line with previous.Payable Oct. 4; for shareholders of record Sept. 22; ex-div Sept.
→ Google Traduction
Tuesday''s top analyst upgrades and downgrades included Adobe, Cheniere Energy, CNX Resources, Edwards Lifesciences, EOG Resources, Huntsman, Kraft Heinz, NCR, Peloton Interactive, PulteGroup, Take-Two Interactive Software and UDR.
→ Google Traduction
Homebuilder stocks have gotten crushed so far in 2022, but one Wall Street analyst said Monday now is the time for investors to buy the dip. The Analyst: KeyBanc analyst Kenneth Zener has issued the following homebuilder stock upgrades: D R Horton Inc (NYSE: DHI ) upgraded from Sector Weight to Overweight with an $84 price target. KB Home (NYSE: KBH ) upgraded from Underweight to Sector Weight. Lennar Corporation (NYSE: LEN ) upgraded from Sector Weight to Overweight with an $89 price target. Meritage Homes Corp (NYSE: MTH ) upgraded from Sector Weight to Overweight with an $87 price target. PulteGroup, Inc. (NYSE: PHM ) upgraded from Sector Weight to Overweight with a $47 price target. Toll Brothers Inc (NYSE: TOL ) upgraded from Underweight to Sector Weight. TopBuild Corp (NYSE: BLD ) upgraded from Sector Weight to Overweight with a $205 price target Related Link: Treasury Bond Yields Hit 11-Year Highs As Investors … Full story available on Benzinga.com
→ Google Traduction
KeyBanc Capital Markets analyst Kenneth Zener upgraded seven homebuilder stocks even as higher interest rates make home purchases less affordable for many consumers."On balance we…
→ Google Traduction
Tuesday marks the last chance for investors to receive the next dividend payout from PulteGroup (NYSE: PHM ). What''s Happening The company announced on Wednesday that it would pay shareholders a quarterly dividend of 15 cents per share. On Wednesday, PulteGroup will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, … Full story available on Benzinga.com
→ Google Traduction
In Wednesday’s session, PulteGroup Inc. (NYSE:PHM) marked $38.91 per share, down from $39.20 in the previous session. While PulteGroup Inc. has underperformed by -0.74%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PHM fell by -17.53%, with highs and lows ranging from $58.09 to $35.03, whereas […]
→ Google Traduction
In Thursday’s session, PulteGroup Inc. (NYSE:PHM) marked $40.82 per share, up from $40.63 in the previous session. While PulteGroup Inc. has overperformed by 0.47%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PHM fell by -17.59%, with highs and lows ranging from $58.09 to $35.03, whereas […]
→ Google Traduction
PulteGroup found using ticker (PHM) have now 12 analysts in total covering the stock. The consensus rating is ''Buy''. The range between the high target price and low target price is between 80 and 41 calculating the mean target price we have 52.5. With the stocks previous close at 40.63 this is indicating there is a potential upside of 29.2%. The day 50 moving average is 42.82 while the 200 day moving average is 46.36. The company has a market cap of $9,450m. You can visit the company''s website by visiting: https://www.pultegroup.com [stock_market_widget type="chart" template="basic" color="green" assets="PHM" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $12,210m based on the market concensus. PulteGroup, through its subsidiaries, primarily engages in the homebuilding business in the United States. It acquires and develops land primarily for residential purposes; and constructs housing on such land. The company also offers various home designs, including single-family detached, townhomes, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, American West, and John Wieland Homes and Neighborhoods brand names.
→ Google Traduction
PulteGroup, Inc. (PHM) declares $0.15/share quarterly dividend, in line with previous.Forward yield 1.51%Payable Oct.
→ Google Traduction
ATLANTA--(BUSINESS WIRE)--PulteGroup, Inc. (NYSE: PHM) announced today that its Board of Directors has declared a quarterly dividend of $0.15 per common share payable October 4, 2022, to shareholders of record at the close of business on September 22, 2022. About PulteGroup PulteGroup, Inc. (NYSE: PHM), based in Atlanta, Georgia, is one of America’s largest homebuilding companies with operations in more than 40 markets throughout the country. Through its brand portfolio that includes Centex, Pu
→ Google Traduction
ATLANTA--(BUSINESS WIRE)--PulteGroup, Inc. (NYSE: PHM) today announced its recognition on the 2022 PEOPLE Companies that Care® list by Great Place to Work® and PEOPLE magazine. This year the company ranked third among the top 100 companies. PulteGroup made its debut on this prestigious list in 2021. “We are honored to be included on the 2022 PEOPLE Companies that Care list for the second year in a row and are proud of the difference our employees make at work and in our communities,” said Miche
→ Google Traduction
Operation Homefront, the national nonprofit serving America''s military families, has presented 2022 Cornerstone Awards to Emily Weaver , Brand Partnerships, Chevrolet Customer Influence, and Jim Zeumer , Vice President, Investor Relations and Corporate Communications at PulteGroup. SAN ANTONIO, Texas , Aug. 29, 2022 /PRNewswire-PRWeb/ -- Operation Homefront, the national nonprofit serving America''s military families, has presented 2022 Cornerstone Awards to Emily Weaver , Brand Partnerships, Chevrolet Customer Influence, and Jim Zeumer , Vice President, Investor Relations and Corporate Communications at PulteGroup. Operation Homefront presents the Cornerstone Award to individuals who have gone above and beyond to help Operation Homefront transform how it serves military families and delivers its mission. Much like the cornerstone of a building represents an indispensable structure, this group of notable and influential award recipients have helped provide the underpinning of support that continues to propel our critical mission to serve America''s military families forward. "With the help of extraordinary leaders like Emily and Jim, we are able to provide the programs our military families need to have the opportunity to thrive in the communities – OUR communities – that they''ve worked so hard to protect," said Brig.
→ Google Traduction
Meet the dynamic group of winners in our 2022 Best Places to Work Awards. These Triangle companies are taking workplace culture to the next level.
→ Google Traduction
The housing market enters a recession … don’t expect prices to drop much … checking in on our ITB homebuilders trade … be wary in the short-term While there’s debate about whether the economy is in a recession, there’s one sector that officially fits the bill… Housing. From Robert Dietz, Chief Economist at the National Association of Home Builders (NAHB): Tighter monetary policy from the Federal Reserve and persistently elevated construction costs have brought on a housing recession. Yesterday, we learned that the National Association of Home Builders/Wells Fargo Housing Market Index dropped 6 points this month to 49. The index has now seen eight straight monthly declines. The word “recession” comes into play due to the sub-50 reading. Anything about 50 is positive, anything below is negative. This negative reading is the first one since the start of the Covid pandemic. Prior to that, there hasn’t been a negative reading since June 2014. Meanwhile, this morning we learned that U.S. homebuilding fell to the lowest level in nearly one-and-a-half years.
→ Google Traduction
The investment management company, Miller Value Partners recently released its “Miller Opportunity Equity” second quarter 2022 investment letter, a copy of which can be downloaded here. The firm faced notable challenges due to continued volatility in the last couple of years. In the second quarter, Miller Opportunity was down by -29.3%, extending its first half return to -31.08% […]
→ Google Traduction
Lincoln National and PulteGroup are two incredible dividend blue chips trading at 5X earnings. Check out why I think LNC and PHM are potentially set to soar.
→ Google Traduction
PulteGroup found using ticker (PHM) now have 13 analysts in total covering the stock. The consensus rating is ''Buy''. The range between the high target price and low target price is between 80 and 41 with the average target price sitting at 54.08. Given that the stocks previous close was at 43.66 this is indicating there is a potential upside of 23.9%. There is a 50 day moving average of 42.62 and the 200 moving average now moves to 47.38. The market capitalisation for the company is $10,119m. Visit the company website at: https://www.pultegroup.com [stock_market_widget type="chart" template="basic" color="green" assets="PHM" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $12,534m based on the market concensus. PulteGroup, through its subsidiaries, primarily engages in the homebuilding business in the United States. It acquires and develops land primarily for residential purposes; and constructs housing on such land. The company also offers various home designs, including single-family detached, townhomes, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, American West, and John Wieland Homes and Neighborhoods brand names.
→ Google Traduction
The futures are trading lower Thursday after the first look at second-quarter gross domestic product came in at -0.9%, spoiling the massive risk-on party that was held yesterday. All of the major indices closed higher Wednesday with the Nasdaq leading the way, up a stunning 4.06% on the day, the best for the tech-heavy index […]
→ Google Traduction
PulteGroup''s Q2 2022 earnings are strong with a record Q2 EPS of $2.73. It has proven to be an excellent operator and a great manager of investors'' cash. See why we rate PHM as a buy.
→ Google Traduction
https://www.investing.com/news/stock-market-news/pultegroup-downgraded-by-bofa-on-weaker-home-demand-432SI-2855715
→ Google Traduction
Rising housing costs have resulted in many would-be buyers being priced out of homeownership. Homebuilder PulteGroup said 15% of its contracts fell through in the second quarter of this year. Other builders like D.R. Horton have also seen an uptick in home cancellations. Inflation and interest rate hikes are driving up the cost of housing — and it''s causing many would-be homebuyers to put their homeownership dreams on pause. As buyers get cold feet , some of the nation''s largest homebuilders are seeing their production volumes fall while their cancellation rates rise. PulteGroup, a residential home construction company based in Atlanta, Georgia, is just one of many. The homebuilder''s net new orders were down 23% from the same time period in 2021, it reported in its second-quarter earnings call Tuesday. The cancellation rate of 15% was up from 7% just a year ago. Although Pulte maintained a mostly positive outlook, there are signs that buyer behavior is impacting their operations. During Q2, the dollar value of its net new orders decreased by 8% from 2021 to $3.9 billion.
→ Google Traduction
According to Benzinga Pro, during Q2, PulteGroup (NYSE: PHM ) earned $652.43 million, a 43.48% increase from the preceding quarter. PulteGroup also posted a total of $3.93 billion in sales, a 23.15% increase since Q1. PulteGroup earned $454.72 million, and sales totaled $3.19 billion in Q1. What Is ROIC? Return on Invested Capital is a measure of yearly pre-tax profit relative to capital invested by a business. Changes in earnings and sales indicate shifts in a company''s ROIC. A higher ROIC is generally representative of successful growth of a company and is a sign of higher earnings … Full story available on Benzinga.com
→ Google Traduction
Upgrades According to Edward Jones, the prior rating for NiSource Inc (NYSE: NI ) was changed from Hold to Buy. For the first quarter, NiSource had an EPS of $0.75, compared to year-ago quarter EPS of $0.77. The stock has a 52-week-high of $32.59 and a 52-week-low of $26.37. At the end of the last trading period, NiSource closed at $29.20. Benchmark upgraded the previous rating for Schlumberger Ltd (NYSE: SLB ) from Hold to Buy. For the second quarter, Schlumberger had an EPS of $0.50, compared to year-ago quarter EPS of $0.30. The current stock performance of Schlumberger shows a 52-week-high of $49.83 and a 52-week-low of $29.98. Moreover, at the end of the last trading period, the closing price was at $35.60. Raymond James upgraded the previous rating for Carvana Co (NYSE: CVNA ) from Underperform to Market Perform. In the first quarter, Carvana showed an EPS of $2.89, compared to $0.46 from the year-ago quarter. The stock has a 52-week-high of $240.58 and a 52-week-low of $19.45. At the end of the last trading period, Carvana closed at $24.18.
→ Google Traduction
Stocks, Crypto, & Yield Curve Tumble As ''Strong Consumer'' Narrative Crushed Walmart can''t get rid of its excess inventory, MacDonald''s is seeing lower income customers ''trade down'', Pulte Homes said that home order cancellations have doubled in the last 30-60 days, new home sales crashed and median prices plunged, and consumer confidence tumbled. But apart from that, the consumer is strong and the economy is definitely not in recession… if you believe the politicians and elites. The ''r''-word is coming... Check out this incredible avalanche footage from the Tian Shan mountains in Kyrgyzstan. Luckily, everyone survived. Account: https://t.co/amo4Bh6z8I pic.twitter.com/WQumCfelgz — Everest Today (@EverestToday) July 10, 2022 Like the message to 10% of Shopify staff today, here''s what we say to the elites... Nasdaq led the charge lower today but all the majors were red on the day... We note that the rebound off the mid-June lows topped out after the S&P tagged 4,000 and since then has faded fast...
→ Google Traduction
PulteGroup Inc (NYSE: PHM ) reported second-quarter FY22 total revenue growth of 16.9% year-over-year to $3.93 billion , missing the consensus of $4.07 billion. Adjusted EPS improved to $2.73 from $1.72 in 2Q21, beating the consensus of $2.63. Home sale revenues $3.8 billion (+18%) and Financial Services revenue $82.77 million (-9.1% Y/Y). Home sales revenues were driven by a 19% increase in average sales price to $531,000, partially offset by a less than 1% decrease … Full story available on Benzinga.com
→ Google Traduction
PulteGroup, Inc. (NYSE:NYSE:PHM) Q2 2022 Earnings Conference Call July 26, 2022 08:30 AM ET Company Participants James Zeumer - Vice President, Investor Relations and Corporate…
→ Google Traduction
PulteGroup (PHM) is scheduled to announce Q2 earnings results on Tuesday, July 26th, before market open.The consensus EPS Estimate is $2.63 (+52.9% Y/Y) and the consensus Revenue…
→ Google Traduction
Related Stocks: CHKP , PHM , UPS , MSFT , PPL ,
→ Google Traduction
PulteGroup with ticker code (PHM) now have 13 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The target price ranges between 71 and 41 and has a mean target at 53.31. Given that the stocks previous close was at 44.37 this would imply there is a potential upside of 20.1%. The day 50 moving average is 42.41 and the 200 day moving average is 47.46. The company has a market capitalisation of $10,831m. Company Website: https://www.pultegroup.com [stock_market_widget type="chart" template="basic" color="green" assets="PHM" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $13,013m based on the market concensus. PulteGroup, through its subsidiaries, primarily engages in the homebuilding business in the United States. It acquires and develops land primarily for residential purposes; and constructs housing on such land. The company also offers various home designs, including single-family detached, townhomes, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, American West, and John Wieland Homes and Neighborhoods brand names.
→ Google Traduction
PulteGroup, Inc. (NYSE: PHM) today announced it has been named among the 2022 Best Workplaces for Millennials by Great Place to Work and Fortune magazine. This year the company ranked #33, up from #54 in 2021. This is the second consecutive year PulteGroup has been named to this prestigious list. “We are honored to be included on the Best Workplace for Millennials list for the second year in
→ Google Traduction
PulteGroup with ticker code (PHM) now have 13 analysts in total covering the stock. The consensus rating is ''Buy''. The range between the high target price and low target price is between 71 and 41 and has a mean target at 53.31. Given that the stocks previous close was at 44.33 this would imply there is a potential upside of 20.3%. The 50 day moving average now sits at 42.33 and the 200 day moving average is 47.51. The market cap for the company is $10,408m. Company Website: https://www.pultegroup.com [stock_market_widget type="chart" template="basic" color="green" assets="PHM" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $12,516m based on the market concensus. PulteGroup, through its subsidiaries, primarily engages in the homebuilding business in the United States. It acquires and develops land primarily for residential purposes; and constructs housing on such land. The company also offers various home designs, including single-family detached, townhomes, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, American West, and John Wieland Homes and Neighborhoods brand names.
→ Google Traduction
The PULTEGROUP, INC. POLITICAL ACTION COMMITTEE (PULTE PAC) successfully filed their F3XN JULY QUARTERLY with the coverage period of 04/01/2022 to 06/30/2022 and a confirmation ID of FEC-1610234 *********CommitteeId: C00560839 | FilingId: 1610234 | FormType: F3XN | CoverageFrom: 04/01/2022 | CoverageThrough: 06/30/2022 | ReportType: JULY QUARTERLY*********
→ Google Traduction
PulteGroup has experienced strong EPS growth and is anticipated to have several good years ahead. See why I think current price and PE ratio for PHM are low.
→ Google Traduction
Housing market is starting to show cracks although on elevated levels. PulteGroup is adjusting its business to lower demand, focusing on backlog and cash generation. See why PHM is a Hold.
→ Google Traduction
[Editor’s note: “Get Ready for Gains in the 10-Year Housing Market Boom ” was previously published in December 2021 . It has since been updated to include the most relevant information available.] Until recently, the housing market was on fire . Source: Shutterstock In 2021, home prices in the U.S. rose by more than 10% year-over-year for 10 straight months. For context, over the past five years (2015-2020), annual home price appreciation rates have hovered right around 5%. The last time the housing market was that hot was back in 2004-2005. At that point in time, home prices had rattled off 27 straight months of over 10%-plus year-over-year growth. That was right before the housing bubble burst. In 2022, that housing market hot streak has cooled a bit. With runaway inflation, the Fed has embarked on an aggressive rate-hiking path. But home prices are still high. And these rate hikes are impacting affordability and pushing demand to the sidelines. And fearing a repeat of the previous crash, many pundits warn we are heading into a similar “bubble bursting” these days.
→ Google Traduction
In a celebratory dedication event, U.S. Army Sergeant James Ford and U.S. Army Specialist Kisha Dorsey were presented with the keys to their brand-new, mortgage-free Pulte homes in the Windrow community located in Hockley, Texas. The two homes were awarded through PulteGroup’s Built to Honor program, which provides the gift of a new home to deserving veterans and their families. This press
→ Google Traduction
Shares of housing market companies enjoyed a broad rally Friday, after data showing that new home sales surprisingly rose, and sharply, in the face of other signs showing a slowdown in the housing sector. The SPDR S&P Homebuilders ETF rallied 2.9% in morning trading, with all 35 components trading higher. Among the more active home builders, shares of Lennar Corp. hiked up 2.1%, D.R. Horton Inc. rose 1.7% and PulteGroup Inc. climbed 2.1%. Also in the homebuilders ETF, Home Depot Inc.''s stock gained 1.7% and Builders FirstSource Inc. shares surged 6.3%. In the real estate services space, shares of Redfin Corp. jumped 2.4% and Anywhere Real Estate Inc. climbed 2.0%. The U.S. Commerce Department said Friday that new home sales rose 10.7% to a seasonally adjusted rate of 696,000 in May from a revised 629,000 in April, while expectations were for a decline to 587,000 from an initial April estimate of 591,000. That followed data last week that showed existing home sales falling for the fourth-straight month, and housing starts that dropped to a two-year low.
→ Google Traduction
Wednesday''s additional top analyst upgrades and downgrades included Advanced Micro Devices, Airbnb, Anthem, Burlington Stores, Cigna, Darden Restaurants, Dow, PulteGroup and Welltower.
→ Google Traduction
RBC Capital Markets analyst Mike Dahl downgraded five homebuilder and building product stocks in response to expected further deterioration in the housing demand as mortgage rates rose…
→ Google Traduction
Shares of home builders got a broad lift in morning trading Tuesday, as data on existing home sales assuaged some investor fears, for now, by meeting expectations. The iShares U.S. Home Construction ETF rallied 2.7% in morning trading, after being up about 1.4% just prior to the release of the data, while the Dow Jones Industrial Average rose 565 points, or 1.9%. The National Association of Realtors released data at 10 a.m. Eastern, saying existing home sales fell 3.4% to a seasonally adjusted annual rate of 5.41 million in May, a fourth straight monthly decline but in line with expectations. Among the home builder ETF components, Lennar Corp.''s stock charged up 5.0% after the company reported fiscal second-quarter profit, revenue and new orders that topped expectations, and provided an in-line outlook. Elsewhere, shares of D.R. Horton Inc. jumped 3.1%, Toll Brothers Inc. climbed 4.1%, PulteGroup Inc. advanced 3.8% and KB Home tacked on 3.1%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move.
→ Google Traduction
PulteGroup, Inc. (NYSE: PHM) today announced that it will release its second quarter 2022 financial results before the market opens on Tuesday, July 2
→ Google Traduction
Housing Crash Imminent: As Mortgage Rates Explode Price Cuts Soar And Buyer Demand Collapses A little over a month ago, when mortgage rates were still "only" 5% we shared several devastating anecdotes from real estate agents and industry execs who validated our worst fears: US housing was imploding… fast, with subsequent observations only confirming this dire conclusion about the state of the most popular asset class among the US middle class. Fast forward to this week when things have gone from worse to catastrophic, because with 30Y mortgage rates soaring at the fastest pace on record to above 6%, or levels last seen just before the housing bubble burst... .... sending the average mortgage payment on a median mortgage up by almost $800 in just the past 6 months... making housing the most unaffordable in history ... ... sending new home sales plunging at the fastest pace since the peak of the covid crisis after the longest negative streak since 2010... ... and homebuyer sentiment imploding to the lowest level in generations...
→ Google Traduction
PulteGroup with ticker code (PHM) now have 13 analysts in total covering the stock. The consensus rating is ''Buy''. The target price ranges between 76 and 46 calculating the average target price we see 58.62. Now with the previous closing price of 39.43 this indicates there is a potential upside of 48.7%. The 50 day moving average now sits at 42.77 and the 200 day MA is 48.31. The market cap for the company is $8,619m. Company Website: https://www.pultegroup.com [stock_market_widget type="chart" template="basic" color="green" assets="PHM" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $12,813m based on the market concensus. PulteGroup, through its subsidiaries, primarily engages in the homebuilding business in the United States. It acquires and develops land primarily for residential purposes; and constructs housing on such land. The company also offers various home designs, including single-family detached, townhomes, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, American West, and John Wieland Homes and Neighborhoods brand names.
→ Google Traduction
Share of home builders were broadly lower Thursday, after data showing that U.S. housing starts fell a lot more than expected in May. The iShares U.S. Home Construction ETF sank 2.0% in premarket trading, putting it on track for a near two-year low, as futures for the S&P 500 shed 1.7%. Among the ETF''s more active home builders, Lennar Corp. dropped 2.7%, Toll Brothers Inc. fell 1.9%, KB Home slid 3.4%, PulteGroup Inc. lost 0.7% and D.R. Horton Inc. shed 3.0%. The ETF''s biggest premarket decliner was Tri Pointe Homes Inc.''s stock , which slumped 5.3% after a B. Riley downgrade to neutral from buy, amid concerns over lower future new order activity for the industry as interest rates rise. The annual rate of housing starts in May fell 14.4% to 1.55 million, compared with expectations of a 2.3% decline to a 1.68 million rate. Elsewhere in the housing sector, shares of home improvement retailer Home Depot Inc. lost 0.5% and online real estate services platform Redfin Corp. fell 3.0%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move.
→ Google Traduction
PulteGroup with ticker code (PHM) now have 13 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The range between the high target price and low target price is between 76 and 46 and has a mean target at 58.62. Given that the stocks previous close was at 43.92 this would indicate that there is a potential upside of 33.5%. The 50 day moving average now sits at 42.98 while the 200 day moving average is 48.59. The company has a market capitalisation of $10,453m. Find out more information at: https://www.pultegroup.com [stock_market_widget type="chart" template="basic" color="green" assets="PHM" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $13,952m based on the market concensus. PulteGroup, through its subsidiaries, primarily engages in the homebuilding business in the United States. It acquires and develops land primarily for residential purposes; and constructs housing on such land. The company also offers various home designs, including single-family detached, townhomes, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, American West, and John Wieland Homes and Neighborhoods brand names.
→ Google Traduction