NEW YORK, April 26, 2017 /PRNewswire/ --
Stock-Callers.com has initiated reports coverage on four Residential Construction companies, namely, PulteGroup Inc. (NYSE: PHM), D.R. Horton Inc. (NYSE: DHI), KB Home (NYSE: KBH), and Toll Brothers Inc. (NYSE: TOL). Industry demand is driven by population growth and economic growth. The profitability of individual companies in this space depends on efficient operations and securing favorable building locations. You can access our complimentary research reports on these stocks now at:
Shares in Atlanta, Georgia headquartered PulteGroup Inc. saw a decline of 3.81%, ending Tuesday's trading session at $22.20. The stock recorded a trading volume of 16.84 million shares, which was higher than its three months average volume of 5.66 million shares. The Company's shares have gained 9.58% over the last three months and 21.26% on an YTD basis. The stock is trading 8.15% above its 200-day moving average. Moreover, shares of PulteGroup, which through its subsidiaries, engages primarily in the homebuilding business in the US, have a Relative Strength Index (RSI) of 32.76.
On April 07th, 2017, PulteGroup announced that ground was officially broken on April 06th, 2017, on a 16,000-square-foot indoor/outdoor recreation facility - the centerpiece of Reverence - a new village built exclusively by Pulte Homes in the master-planned community of Summerlin®, a development of The Howard Hughes Corporation®. The ceremony, headlined by Las Vegas Mayor Carolyn G. Goodman and Las Vegas City Councilman Stavros Anthony, Ward 4, signals the impending public opening of the 300-acre village in early June of 2017. Visit us today and download your complete report on PHM for free at:
Fort Worth, Texas headquartered D.R. Horton Inc.'s stock declined 1.21%, closing the day at $32.65. A total volume of 7.90 million shares was traded, which was above their three months average volume of 4.19 million shares. The Company's shares have advanced 6.92% in the previous three months and 19.87% since the start of this year. The stock is trading 6.64% above its 200-day moving average. Additionally, shares of D.R. Horton, which operates as a homebuilding company, have an RSI of 43.61.
On April 20th, 2017, D.R. Horton reported Q2 FY17 earnings. Net income was $229.2 million, homebuilding revenue was $3.2 billion, and homes closed totaled 10,685. Net sales orders for Q2 ended March 31st, 2017 increased 14% to 13,991 homes, and cancellation rate was 20%. The Company ended the quarter with $947.9 million of homebuilding unrestricted cash and homebuilding debt to total capital of 28.0%. The complimentary research report on DHI can be accessed at:
On Tuesday, shares in Los Angeles, California headquartered KB Home recorded a trading volume of 4.69 million shares, which was higher than their three months average volume of 2.63 million shares. The stock ended the day flat at $20.44. The Company's shares have advanced 4.23% in the past month, 22.22% in the previous three months, and 29.48% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 8.58% and 23.48%, respectively. Furthermore, shares of KB Home, which operates as a homebuilding company in the US, have an RSI of 67.13.
On April 13th, 2017, research firm Raymond James upgraded the Company's stock rating from 'Underperform' to 'Market Perform'.
On April 21st, 2017, KB Home celebrated the release of its 10th annual Sustainability Report, which is available exclusively at http://www.kbhome.com/sustainability. The report covers the Company's sustainability achievements during 2016, and highlights certain cumulative results over the past decade. The Company was the first major homebuilder to publish a comprehensive sustainability report in 2008. Register for free on Stock-Callers.com and download the PDF research report on KBH at:
Horsham, Pennsylvania headquartered Toll Brothers Inc.'s stock dropped 0.83%, finishing yesterday's session at $35.63. A total volume of 2.55 million shares was traded, which was above their three months average volume of 2.20 million shares. The Company's shares have advanced 10.22% in the previous three months and 15.20% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 1.49% and 14.88%, respectively. Additionally, shares of Toll Brothers, which together with its subsidiaries, designs, builds, markets, and arranges finance for detached and attached homes in luxury residential communities, have an RSI of 48.09.
On April 10th, 2017, Toll Brothers and Lennar announced the official website launch of Altair Irvine, a new Orange County master plan. The highly anticipated guard-gated community, which plans to open this Fall, will present ten unique neighborhoods of estate-style homes, along with a host of resort-inspired amenities.
On April 11th, 2017, research firm RBC Capital Markets upgraded the Company's stock rating from 'Sector Perform' to 'Outperform' while revising its previous target price from $37 a share to $43 a share. Get free access to your research report on TOL at:
Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
SC has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email email@example.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Phone number: +44-330-808-3765
Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Chelmsford Park SA