|Bid||36.21 x 1100|
|Ask||37.00 x 1000|
|Day's Range||36.01 - 37.49|
|52 Week Range||17.12 - 47.37|
|Beta (5Y Monthly)||1.34|
|PE Ratio (TTM)||9.63|
|Forward Dividend & Yield||0.48 (1.37%)|
|Ex-Dividend Date||Jun 11, 2020|
|1y Target Est||N/A|
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]
Sales of new homes in April unexpectedly improved from March, a sign that normalcy is returning to some parts of the U.S. economy as coronavirus lockdowns ease.
Home builders have an opportunity to see improved sales by shifting their designs to meet buyers’ new preferences in a post-coronavirus world.
PulteGroup (PHM) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Tim Rood, Former Fannie Mae Executive and SitusAMC Managing Director, joins Yahoo Finance’s Seana Smith to break down April existing home sales data.
The homebuilding sector has suffered a lot amid COVID-19 and is likely to see meaningful sales and price decline ahead. However, credit conditions and valuations are cheaper.
The most recent housing market data was, frankly, just awful. Reports from the U.S. Census Bureau, the Department of Housing and Urban Development (HUD), and the National Association of Realtors (NAR) revealed updated data through the end of March 2020. Yes, several real estate industry insiders think the conditions reflected in that ugly data may actually be good for homebuilders like D.R. Horton (NYSE: DHI) and PulteGroup (NYSE: PHM), as well as realtors like Zillow Group (NASDAQ: Z)(NASDAQ: ZG), and home improvement stores like Home Depot (NYSE: HD) and Lowe's (NYSE: LOW).
Construction firms are now relatively less pessimistic on the housing industry’s prospects thanks to low interest rates, even though coronavirus-related challenges remain.
Home builders turned less pessimistic in May, a report Monday shows, giving investors some hope that the worst of the coronavirus pain may be over for the housing market. For May, the NAHB Housing Market index, a gauge of home builder sentiment, rose to 37 from 30 in April. While the NAHB index remains at very low level, Ian Shepherdson of Pantheon Macroeconomics says he sees “clear scope for it to rise further over the next few months.”
J.P. Morgan analyst Michael Rehaut maintained a Hold rating on Pultegroup on Tuesday, setting a price target of $28, which is approximately 6.29% below the present share price of $29.88.
The PulteGroup said Monday that weekly home orders have almost tripled since the end of March — but it wasn’t enough to save jobs.
Lennar, PulteGroup, M/I Homes, and Toll Brothers look like buys, says a researcher who foresaw the housing crash that fueled the financial crisis. Why she has Sells on three real estate investment trusts.
Shares of residential homebuilders D.R. Horton (NYSE: DHI), Lennar (NYSE: LEN), and PulteGroup (NYSE: PHM) rose more than 25% in April, according to data provided by S&P Global Market Intelligence. Horton's share price improved the most, jumping 38.9% during the month. Lennar saw its shares rise 31.1%, while PulteGroup trailed with a 26.7% gain.
Zillow forecasts that home sales may fall as much as 60% through the end of this year, before rebounding by the end of 2021. Zillow Senior Principal Economist Skylar Olsen joins Seana Smith to discuss.
The COVID-19 crisis has ruined what was set to be the best year for housing in over a decade. The economy was strong, inventory was lean, margins were high, and demographics were on the builders' side.
Shares of PulteGroup Inc. slipped 0.2% in afternoon trading Thursday, to buck the rally among its home builder peers and the broader stock market, after the company reported a first-quarter profit that topped expectations but revenue that missed, according to FactSet. On the post-earnings call with analysts, Chief Executive Ryan Marshall detailed how the coronavirus pandemic affected its business. He said net new orders for both January and February were up more than 30% from a year ago, but an 11% drop in March led to 16% for the quarter. He said the first week of March net new orders exceeded 800, but that fell to 140 in the final full week. For April, Marshall said buyer traffic to the company website and to its communities has "decreased materially," and is running a little below 50% of the first-quarter pace. "Given how the U.S. economic slowdown intensified as we moved into April, it is no surprise that housing demand has slipped even further," Marshall said, according to a FactSet transcript. While PulteGroup's stock slipped Thursday, the SPDR S&P Homebuilders ETF rose 1.9% despite downbeat data on new home sales, and the S&P 500 gained 0.7%.
The inventory of newly-constructed homes for sale could be enticing to the buyers that do remain in the market.