Atlanta, Georgia headquartered PulteGroup Inc.'s shares gained 0.31%, closing Wednesday's trading session at $19.15. The stock recorded a trading volume of 2.76 million shares. The Company's shares have advanced 1.76% in the last month and 9.55% since the start of this year. The stock is trading 1.71% above its 50-day moving average. Additionally, shares of PulteGroup, which through its subsidiaries, engages primarily in the homebuilding business in the US, have a Relative Strength Index (RSI) of 52.49.
On December 09th, 2016, PulteGroup announced that its Board of Directors has declared a quarterly cash dividend of $0.09 per common share payable January 03rd, 2017, to shareholders of record at the close of business on December 20th, 2016. See our free and comprehensive research report on PHM at: http://stock-callers.com/registration/?symbol=PHM
On Wednesday, shares in Fort Worth, Texas headquartered D.R. Horton Inc. recorded a trading volume of 2.67 million shares. The stock rose 0.29%, ending the day at $28.15. The Company's shares are trading below their 50-day moving average by 1.12%. Furthermore, shares of D.R. Horton, which engages in the acquisition and development of land; and construction and sale of homes in 26 states and 78 markets in the United States under the names of D.R. Horton, America's Builder, Express Homes, Emerald Homes, Regent Homes, Crown Communities, and Pacific Ridge Homes, have an RSI of 46.90.
On December 13th, 2016, research firm Keefe Bruyette upgraded the Company's stock rating from 'Market Perform' to 'Outperform'.
On December 21st, 2016, D.R. Horton announced that the Company will release financial results for its first fiscal quarter ended December 31st, 2016, on January 24th, 2017, before the market opens. The Company will host a conference call that morning at 10:00 a.m. ET. TDHI free research report PDF is just a click away at: http://stock-callers.com/registration/?symbol=DHI
Los Angeles, California headquartered KB Home's stock finished the day 0.91% higher at $16.58 with a total trading volume of 1.16 million shares. The Company's shares have advanced 7.52% in the last one month, 6.12% in the previous three months, and 35.48% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 6.91% and 11.20%, respectively. Additionally, shares of KB Home, which constructs and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, move-up, and active adult homebuyers, have an RSI of 57.58.
On December 15th, 2016, KB Home announced that it has elected to exercise its optional redemption rights under the terms of its 9.100% Senior Notes due 2017, which mature on September 15th, 2017. On January 13th, 2017, KB Home will redeem $100 million in aggregate principal amount of the Notes then outstanding at the redemption price calculated according to the "make-whole" provisions of the Notes, as outlined in the redemption notice issued by US Bank National Association, the trustee for the Notes. Sign up for your complimentary report on KBH at: http://stock-callers.com/registration/?symbol=KBH
Shares in Horsham, Pennsylvania-based Toll Brothers Inc. ended yesterday's session 0.57% higher at $31.79. The stock recorded a trading volume of 1.38 million shares. The Company's shares have advanced 7.18% in the last one month and 8.80% over the previous three months. The stock is trading 8.09% above its 50-day moving average and 10.53% above its 200-day moving average. Moreover, 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 58.36.
On December 07th, 2016, research firm RBC Capital Markets reiterated its 'Sector Perform' rating on the Company's stock with an increase of the target price from $34 a share to $35 a share.
On December 15th, 2016, Toll Brothers and AECOM Capital, the investment fund of AECOM, announced the financing of Union Place, a 525-unit luxury rental community located in the NoMa neighborhood of Washington, D.C. Leasing is projected to commence in Spring 2018. The project is being financed through a recently closed $130 million construction loan facility from US Bank National Association as administrative agent and The Bank of New York Mellon. The loan was arranged by Toll Brothers' in-house Finance Department. Register for free on Stock-Callers.com and download the latest research report on TOL at: http://stock-callers.com/registration/?symbol=TOL
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 http://stock-callers.com/legal-disclaimer/
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