NEW YORK, November 17, 2016 /PRNewswire/ --
The Residential Construction space is projected to grow due to increasing disposable incomes, accommodative interest rates, declining commodity prices, and improving macroeconomic conditions. In the coming years, expansion is expected to continue as the housing market normalizes. This morning, Stock-Callers.com has initiated reports coverage on: PulteGroup Inc. (NYSE: PHM), DR Horton Inc. (NYSE: DHI), Toll Brothers Inc. (NYSE: TOL), and KB Home (NYSE: KBH). Learn more about these stocks by downloading their comprehensive and free reports at:
Atlanta, Georgia headquartered PulteGroup Inc.'s stock finished Wednesday's session 1.18% lower at $18.44 with a total volume of 3.08 million shares traded. PulteGroup's shares have advanced 2.12% in the past one year. Shares of the Company, which through its subsidiaries, engages primarily in the homebuilding business in the US, are trading at a PE ratio of 11.56. The Company's shares are trading below its 50-day and 200-day moving averages by 4.86% and 2.92%, respectively. PulteGroup's stock has a Relative Strength Index (RSI) of 45.95.
On October 20th, 2016, PulteGroup reported Q3 2016 net income of $128 million, or $0.37 per share, included pretax charges of $31 million, or $0.06 per share, compared to Q3 2015 net income of $108 million, or $0.30 per share. Home sale revenues for Q3 2016 increased 29% over the prior year to $1.9 billion. Higher revenues for the period benefited from a 16% increase in deliveries to 5,037 homes and an 11%, or $37,000, increase in average selling price to $374,000. Home sale gross margin for Q3 2016 was 21.1%.
On October 21st, 2016, research firm FBR & Co. reiterated its 'Market Perform' rating on the Company's stock with a decrease of the target price from $24 a share to $23 a share. PHM complete research report is just a click away and free at:
Fort Worth, Texas headquartered DR Horton Inc.'s stock fell 1.84%, to close the day at $27.79. The stock recorded a trading volume of 4.00 million shares. Shares of the Company, which operates as a homebuilding company, are trading 5.58% and 7.60% below its 50-day and 200-day moving averages, respectively. Additionally, the stock traded at a PE ratio of 11.77 and has an RSI of 42.34.
As per notes filed with the SEC on November 08th, 2016, the Compensation Committee of the Company's Board of Directors determined and approved on November 2nd, 2016, the performance compensation to be paid to Donald R. Horton, Chairman, David V. Auld, President and Chief Executive Officer, and Michael J. Murray, Executive Vice President and Chief Operating Officer, for the fiscal year ended September 30th, 2016.
On November 09th, 2016, research firm RBC Capital Markets reiterated its 'Outperform' rating on the Company's stock with a decrease of the target price from $38 a share to $34 a share. The complimentary report on DHI can be downloaded at:
On Wednesday, shares in Horsham, Pennsylvania-based Toll Brothers Inc. recorded a trading volume of 2.05 million shares. The stock ended the day 2.00% lower at $28.35. Shares of the Company, which together with its subsidiaries, designs, builds, markets, and arranges finance for detached and attached homes in luxury residential communities, are trading at a PE ratio of 12.22. The Company is trading above its 200-day moving average by 0.28%. Furthermore, shares of Toll Brothers have an RSI of 50.34.
On November 10th, 2016, Toll Brothers, through its wholly-owned TBI Mortgage subsidiary, announced that it had finalized a new $210 million mortgage warehouse facility. The facility increases the existing $150 million mortgage warehouse facility, and extends its maturity to October 2017. Sign up for your complimentary research report on TOL at:
On Wednesday, shares in Los Angeles, California headquartered KB Home ended the session 3.71% lower at $15.04 with a total volume of 2.66 million shares traded. KB Home's shares have gained 15.23% in the past one year. Shares of the Company, which operates as a homebuilding company in the US, are trading at a PE ratio of 13.12. The stock is trading 4.84% above its 200-day moving average. Moreover, shares of the Company have an RSI of 51.29.
On November 16th, 2016, KB Home announced the opening of Vineyard Square, a townhome community located off of Ficquette Road in the town of Windermere. The community provides easy access to SR-429, SR-535 and US-192 and area employers, including Walt Disney World®, Orange County National Golf Center and Lodge, and Universal Orlando® Resort. Get free access to your research report on KBH at:
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SOURCE Chelmsford Park SA