Residential Construction Stocks on Investors' Radar -- PulteGroup, DR Horton, Toll Brothers and KB Home

Aug 23, 2016, 08:15 ET from Chelmsford Park SA

NEW YORK, August 23, 2016 /PRNewswire/ --

Today's focus on 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:


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:

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:

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:

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:

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