Residential Construction Stocks on Investors' Radar -- PulteGroup, DR Horton, Toll Brothers and KB Home
NEW YORK, August 23, 2016 /PRNewswire/ --
Today's focus on Stock-Callers.com is on four U.S. Residential Construction companies, namely, PulteGroup Inc. (NYSE: PHM), DR Horton Inc. (NYSE: DHI), Toll Brothers Inc. (NYSE: TOL), and KB Home (NYSE: KBH). As per The Associated Builders & Contractors, American Institute of Architects and National Association of Home Builders' mid-year market forecast, residential project activities are expected to be stable to strong through 2017. Learn more about these stocks by downloading their comprehensive and free reports at:
http://stock-callers.com/registration
PulteGroup
On Monday, shares in Atlanta, Georgia headquartered PulteGroup Inc. recorded a trading volume of 2.46 million shares. The stock ended the day at $21.32, up 0.61%. The Company's shares have gained 20.22% over the previous three months and 20.83% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 4.94% and 16.05%, respectively. Furthermore, shares of PulteGroup, which through its subsidiaries, engages primarily in the homebuilding business in the US, have a Relative Strength Index (RSI) of 56.00.
On July 25th, 2016, research firm Deutsche Bank upgraded the Company's stock rating from 'Hold' to 'Buy'. The research firm also revised upwards its previous target price from $20 a share to $27 a share.
As per SEC filed notes dated July 29, 2016, on July 26th, 2016, PulteGroup and certain of the Company's direct and indirect wholly-owned homebuilding subsidiaries in the US including Pulte Home Corporation, Centex Homes and Del Webb Corporation, entered into an underwriting agreement with J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Inc, as representatives of the several underwriters named therein, with respect to the company's issuance and sale of a total of $1,000,000,000 aggregate principal amount of its senior unsecured notes, consisting of $400,000,000 aggregate principal amount of its 4.25% Senior Notes due 2021, which is a "reopening" of this series of senior notes which were initially issued on March 1st, 2016 in an aggregate principal amount of $300,000,000, and $600,000,000 aggregate principal amount of its 5.00% Senior Notes due 2027. PHM complete research report is just a click away and free at:
http://stock-callers.com/registration/?symbol=PHM
DR Horton
Fort Worth, Texas headquartered DR Horton Inc.'s stock finished yesterday's session 0.60% higher at $32.07 and with a total volume of 3.24 million shares traded. The Company's shares have gained 9.95% over the previous three months and 0.95% on an YTD basis. The stock is trading above its 200-day moving average by 6.50%. Furthermore, shares of DR Horton, which operates as a homebuilding company, have an RSI of 45.76.
On July 26th, 2016, DR Horton announced the launch of Freedom Homes, its new brand focused on offering affordable homes specifically for the active adult buyer. The company will initially offer homes under the Freedom brand in Florida, Texas and Arizona. It expects to have Freedom Homes communities open in at least 8 markets by the end of fiscal 2016 and in approximately one-third of DR Horton's 78 operating markets by the end of fiscal 2017. The complimentary report on DHI can be downloaded at:
http://stock-callers.com/registration/?symbol=DHI
Toll Brothers
At the closing bell on Monday, shares in Horsham, Pennsylvania headquartered Toll Brothers Inc. rose 1.91%, ending the day at $29.33. The stock recorded a trading volume of 5.30 million shares, above its three months average volume of 2.56 million shares. The Company's shares have advanced 3.71% in the last one month and 8.23% in the previous three months. The stock is trading 5.79% above its 50-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 64.52.
On August 4th, 2016, Toll Brothers announced that it will hold a conference call to discuss its Q3 FY16 results at 11:00 A.M. (EDT) on, August 23rd, 2016. It will follow announcement of the company's Q3 2016 results for earnings, revenues, contracts, and backlog before the market opens on August 23rd, 2016. Sign up for your complimentary research report on TOL at:
http://stock-callers.com/registration/?symbol=TOL
KB Home
Los Angeles, California headquartered KB Home's stock ended the day 0.59% higher at $15.38 and with a total volume of 987,866 shares traded. The Company's shares have gained 21.01% over the previous three months and 25.46% on an YTD basis. The stock is trading 14.85% above its 200-day moving average. Additionally, shares of KB Home, which operates as a homebuilding company in the US, have an RSI of 45.54.
On August 16th, 2016, KB Home announced that it has acquired the rights to land for more than 300 homesites at The Meadows, an idyllic master-planned community in Castle Rock, Colorado. The prime location of these two future KB neighborhoods offers easy access to Interstate 25 and Founders Parkway for convenient commutes to the Denver Tech Center and other thriving business corridors, including Colorado Springs. Get free access to your research report on KBH at:
http://stock-callers.com/registration/?symbol=KBH
Stock Callers:
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 protected]. 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.
NO WARRANTY
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/
CONTACT
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:
Email: [email protected]
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
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article