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PulteGroup, Inc. (PHM)

- NYSE
  • Jun. 24, 2013, 9:20 AM
    Goldman Sachs initiates or resumes coverage on several housing plays, recommending Taylor Morrison Home (TMHC), NVR (NVR), M.D.C. Holdings (MDC), KB Home (KBH), D.R. Horton (DHI) and Beazer Homes (BZH) at "Neutral" (I, II, III, IV, V, VI). Goldman resumes Meritage Homes (MTH), Toll Brothers (TOL) and Ryland Group (RYL) at "Buy" (I, II, III) and adds the latter to its Americas Conviction Buy List, but it grades PulteGroup (PHM) as a "Sell," due to growth that lags its peers.
    | 1 Comment
  • Jun. 20, 2013, 12:09 PM
    Despite better Existing Home Sale numbers for May, homebuilder stocks are taking a hit amid worries about the Fed tapering its stimulus program: M/I Homes (MHO -6%), PulteGroup (PHM -8.2%), Ryland (RYL -8.2%), Toll Brothers (TOL -5.4%), D.R. Horton (DHI -7.1%) and KB Home (KBH -6.1%).
    | 9 Comments
  • Jun. 10, 2013, 9:22 PM
    Lennar (LEN -3.37%) suffered today after a J.P. Morgan downgrade. Morgan analysts lowered the stock to neutral from overweight and lowered the price target from $48 to $46.50, projecting "some modest near term downside risk." Collateral damage to housing stocks included Gafisa (GFA -6.21%),Toll Bros. (TOL -2.95%), Hovnanian (HOV -2.77%),  PulteGroup (PHM -1.99%), KB Home (KBH -1.78%).
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  • May. 31, 2013, 2:53 PM
    PulteGroup (PHM -1.7%) will move its headquarters from Bloomfield Hills, Michigan to Atlanta in 2014 in a move CEO Richard Dugas says will "bring [the company] closer to customers and a larger portion of [its] investment portfolio." PHM notes that it is "too early to determine how many employees will ultimately assume positions in Georgia," but promises that those who don't will be given "a very fair severance package." (PR)
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  • May. 8, 2013, 3:16 PM
    The bull story on the homebuilders (XHB) still has years to play out, says Steve Eisman, speaking at Ira Sohn under the topic, "Housing: U.S. vs. Canada." He's especially bullish on the land-rich homebuilders - LEN, PHM, SPF - as there's not enough inventory to support demand and land prices will be heading higher, but the purest land play might be Forestar Group (FOR +5.5%), worth $30/share in his opinion.
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  • Apr. 25, 2013, 3:24 PM
    The Homebuilder ETF (XHB +1.2%) gains after PulteGroup (PHM +5.5%) reported Q1 closings up 23%, with the average selling price up 10%. Meritage Homes (MTH +1.1%) yesterday reported a 17% increase in prices, while Ryland Group (RYL +6.7%) last night said its average price rose 8.2%. "Housing demand is greater than the supply of homes available for sale in many of the areas where we operate," says Meritage CEO Steven Hilton.
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  • Apr. 25, 2013, 11:40 AM
    PulteGroup (PHM): Q1 EPS of $0.21 beats by $0.06. Revenue of $1.16B misses by $0.03B. (PR)
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  • Apr. 25, 2013, 6:33 AM
    PulteGroup (PHM): FQ2 EPS of $0.21 beats by $0.06. Revenue of $1.16B misses by $0.02B. (PR)
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  • Apr. 24, 2013, 12:19 PM
    Meritage Homes (MTH +5.2%) moves higher today on a solid Q1 earnings beat this morning. The number of closed homes for the quarter jumped 17% as closing surged 39% and orders jumped 35%. What's really driving the stock right now is its forecast for FY13. The homebuilder's EPS forecast, based on a 40% increase in closings revenue the rest of the year, puts the midpoint of its profit estimate more than 15% above consensus views - which were already double that from 2012. It now expects to earn between $2.20 - 2.45, versus Street estimates of $2.04.
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  • Apr. 16, 2013, 11:29 AM
    Homebuilder stocks aren't taking much encouragement off the bigger number in Housing Starts today, as the underlying data doesn't appear to be strong enough to offset yesterday's drubbing: BZH -0.7%, TMHC -0.2%, HOV -0.2%, DHI +0.9%, KBH +0.5%, PHM +1.6%, LEN +0.9%, TOL +1%. Building materials suppliers on the other hand don't care what kind of homes are being built, and are having a much better day on the news: LII +2.3%, WSO +2%, SHW +3.3%, LPX +3.6%).
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  • Apr. 15, 2013, 11:44 AM
    Homebuilders are taking a hit today on the back of weaker-than-expected housing data: XHB -2.7%, KBH -4.7%, TOL -4.5%, DHI -4.3%, PHM -4.1%, HOV -3.7%, LEN -3.2%, BZH -3.3%.
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  • Apr. 9, 2013, 8:30 PM
    Homebuilding stocks have been on a tear now for over a year now, with leaders like KB Home (KBH), PulteGroup (PHM), Lennar (LEN), and Toll Brothers (TOL) all racking up solid gains. With such a big move already underway in the sector, today's $200M IPO announcement by William Lyon Homes (WLH), along with the $602M Taylor Morrison (TMHC) IPO due out later this week, may be viewed by some contrarians as a sign of a top in the market.
    | 18 Comments
  • Mar. 15, 2013, 4:38 PM
    Homebuilder stocks are moving away from trading on the macro news and beginning to trade more on company-specific fundamentals, according to Wells Fargo. While most homebuilder shares have outperformed the S&P 500 over the last twelve months, different patterns are starting to emerge. Performance within the sector is beginning to fragment. Over the last week for example, half of the builders the firm follows outperformed while half underperformed. Similarly over the last month, only 5 of the 12 outperformed.
    | 7 Comments
  • Jan. 31, 2013, 8:44 AM
    More on PulteGroup (PHM) Q4: net profit quadruples to $58.7M as revenue jumps 25% amid a recovery in the real-estate market. Net new orders +27% to 3,926 homes, backlog +82% to $1.9B. Expects continued rebound in housing market in 2013, "driven by record low interest rates, higher rent vs own costs, rising home prices and sharply lower overall housing inventory." Increases investment in land spend and development by $250M/year for 2013-2014 to $1.2B. Shares -2.6%. (PR)
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  • Jan. 31, 2013, 6:36 AM
    PulteGroup (PHM): Q4 EPS of $0.15.  Revenue of $1.56B beats by $0.06B. (PR)
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  • Jan. 31, 2013, 12:05 AM
    Notable earnings before Thursday’s open: AET, ALKS, AN, APU, AZN, BEAV, BLL, BMS, BX, CAM, CL, CNH, CNX, COCO, CRR, D, DB, DNKN, DOW, EPD, ERIC, EXXI, HAR, HGG, HP, HSH, HSY, IVZ, LQDT, MA, MJN, MO, MTG, MWW, NDAQ, NVO, OXY, PBI, PCAR, PENN, PHM, POT, R, RCL, RGLD, SHW, TE, TEN, TMO, TWC, UA, UGI, UPS, VIAB, WHR, XEL, ZMH
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Company Description
PulteGroup Inc is engaged in homebuilding business. Its business includes the acquisition and development of land for residential purposes within the U.S. It is also engaged in mortgaging banking operations.