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:
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