This year has been tough for homebuilders as they had to bear the brunt of elevated interest rates to curb relentless inflationary pressure. However, as September interest rate cut bets rose, mortgage rates dropped to their lowest level in more than a year.With mortgage rates plummeting, things are looking brighter for housing players like PulteGroup, Inc. (PHM) , KB Home (KBH) and M/I Homes, Inc. (MHO) , making them enticing buys. Lower Home Mortgage Rates The average rate of the most-sorted 30-year fixed ...

Atlanta, GA-based homebuilder PulteGroup, Inc. (PHM) recently reported robust second-quarter 2024 results, showcasing the resilience of housing demand and the company's sustainable improvements in capital efficiency despite a challenging interest rate environment.The company exceeded earnings and revenue expectations, driven by a balanced operating model. This model facilitated an increase in average sales price (ASP), closings, and gross margin expansion, collectively boosting earnings by 19%.Investors rea ...

miflippo It may come as a surprise that the largest homebuilders have crushed the broader market over the past decade. While the S&P 500 achieved total returns of 235% over the last ten years, 101% at 5Y mark, and 20% over the TTM, the iShares U.S. Home Construction ETF (ITB) has risen by an impressive 451%, 213%, and 32% respectively. This outstanding performance is all the more noteworthy given the challenges posted by a volatile interest rate environment, rising construction costs, and ever-changing ...

The broader U.S. equity markets witnessed a modest uptrend over the past few trading days, buoyed by optimism related to rate cuts driven by easing inflationary pressures and solid economic metrics that portrayed the resilience of the economy. In addition, a relatively healthy earnings performance from hitherto reported companies ignited hopes of a possible rate cut as early as September.The markets now await the Federal Reserve’s update on the monetary policy as it wraps up its policy meeting later today. ...

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth Sty ...

Have you been paying attention to shares of PulteGroup (PHM) ? Shares have been on the move with the stock up 18.1% over the past month. The stock hit a new 52-week high of $130.93 in the previous session. PulteGroup has gained 25.9% since the start of the year compared to the 16.8% move for the Zacks Construction sector and the 20.8% return for the Zacks Building Products - Home Builders industry.What's Driving the Outperformance?The stock has an impressive record of positive earnings surprises, as it hasn ...

证券研究报告 ＃industryId＃ 房地产 ＃investSuggestion＃ ＃ PHM.N ＃普dy尔Com特pa房ny＃屋(PULTE) ＃title＃ 季度业绩稳健增长 ＃createTime1＃ 2024 年 07 月 24 日 无评级 ＃ investSug gestionCh ange＃ ＃市场ma数rk据etData＃ 市场数据日期 2024.07.23 收盘价（美元） 125.67 总股本（亿股） 2.08 总市值（亿美元） 264.34 净资产（亿美元） 112.23 总资产（亿美元） 165.44 每股净资产(美元) 53.98 数据来源：Wind，兴业证券经济与金融研究院整理 ＃相关rel报ate告dReport＃ 《季度业绩符合预期，回购分红 积极回报股东》20240508 《提升每股派息，回购计划扩 容》20240202 songjian@xyzq.com.cn SFC：BMV912 SAC：S0190518010002 我们的观点：公司保持稳健的经营和业绩增长，资本配置兼顾企业发展 和股东回报。强劲的现金流和充足的土储既能满足企业的发展，又能积 极通过回购和分红来回报股东。 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-9804 PULTEGROUP, INC. (Exact name of registrant as specified in its charter) Michigan 38-2766606 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer ...

PulteGroup Inc. (PHM) reported stellar results in second-quarter 2024, wherein earnings and revenues handily beat the Zacks Consensus Estimate.In the second quarter of 2024, PulteGroup saw significant benefits from key factors driving its success. The company's balanced operating model resulted in increases in closings, average sales price, and gross margin, which collectively led to a 19.3% increase in earnings per share (EPS). Strong cash flows provided the flexibility to invest in business growth, return ...

krblokhin PulteGroup, Inc. (NYSE:PHM) has been a strong performer over the past year, rising over 55%, as the housing market has proven resilient amid substantially higher interest rates. On Tuesday, Pulte reported solid earnings, but shares dropped 2% in response, likely as its strong rally has caused some profit taking. I last covered Pulte in April, rating shares a buy. Since that recommendation, PHM has rallied 8%, a solid total return, but a bit below the market’s 9% rally. Seeking Alpha In the c ...