NEW YORK, February 2, 2017 /PRNewswire/ --
In today's pre-market research, Stock-Callers.com puts attention to these four equities: PulteGroup Inc. (NYSE: PHM), D.R. Horton Inc. (NYSE: DHI), KB Home (NYSE: KBH), and Toll Brothers Inc. (NYSE: TOL). These stocks belong to the Residential Construction industry which is engaged in the construction and renovation of single-family homes and multifamily buildings. Demand is driven by population and economic growth, whereas the profitability of individual companies depends on efficient operations and securing favorable building locations. Download the free research reports on these stocks today:
Atlanta, Georgia headquartered PulteGroup Inc.'s shares declined 1.39%, closing Wednesday's trading session at $21.21. The stock recorded a trading volume of 8.27 million shares, which was above its three months average volume of 5.69 million shares. Shares of the Company have advanced 15.40% in the last month, 14.58% in the previous three months, and 15.40% on an YTD basis. The stock is trading 10.84% above its 50-day moving average and 9.47% above its 200-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 72.74.
On January 26th, 2017, PulteGroup reported net income of $273 million, or $0.83 per share, for Q4 2016. The Company's home sale revenues for Q4 2016 totaled $2.4 billion, up 21% on a y-o-y basis. For Q4 2016, net new orders increased 15% on a y-o-y basis to 4,202 homes.
On January 27th, 2017, research firm Bank of America/ Merrill upgraded the Company's stock rating from 'Underperform' to 'Buy'. See our free and comprehensive research report on PHM at:
On Wednesday, shares in Fort Worth, Texas headquartered D.R. Horton Inc. recorded a trading volume of 6.01 million shares, which was above their three months average volume of 5.01 million shares. The stock fell 0.77%, ending the day at $29.68. The Company's shares have advanced 8.60% in the last month, 3.31% over the previous three months, and 8.60% since the start of this year. The stock is trading above its 50-day moving average by 3.92%. Furthermore, shares of D.R. Horton, which operates as a homebuilding company, have an RSI of 55.87.
On January 24th, 2017, D.R. Horton reported that net income increased 31% to $206.9 million, or $0.55 per diluted share, for Q1 FY17, from $157.7 million, or $0.42 per diluted share, in Q1 FY16. The Company's net sales orders increased 15% to 9,241 homes and 17% in value to $2.8 billion for Q1 FY17 compared to 8,064 homes and $2.4 billion in Q1 FY16.
On January 25th, 2017, research firm RBC Capital Markets reiterated its 'Outperform' rating on the Company's stock with an increase of the target price from $34 a share to $35 a share. DHI free research report PDF is just a click away at:
Los Angeles, California headquartered KB Home's stock finished the day 0.06% lower at $16.37 with a total trading volume of 2.10 million shares. The Company's shares have advanced 3.54% in the last one month, 12.78% in the previous three months, and 3.54% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 0.59% and 7.23%, respectively. Additionally, shares of KB Home, which operates as a homebuilding company in the US, have an RSI of 50.93.
On January 24th, 2017, research firm Raymond James downgraded the Company's stock rating from 'Market Perform' to 'Underperform'.
On January 26th, 2017, KB Home's board of directors declared a quarterly cash dividend of $.025 per share on the Company's common stock, payable on February 23rd, 2017 to stockholders of record on February 09th, 2017. Sign up for your complimentary report on KBH at:
Shares in Horsham, Pennsylvania headquartered Toll Brothers Inc. ended yesterday's session 0.41% higher at $31.49. The stock recorded a trading volume of 2.11 million shares. The Company's shares have advanced 1.58% in the last one month, 14.76% over the previous three months, and 1.58% on an YTD basis. The stock is trading 1.03% and 8.17% above its 50-day and 200-day moving averages, respectively. 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 52.46.
On December 15th, 2016, Toll Brothers and AECOM Capital 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.
On January 06th, 2017, research firm Barclays initiated an 'Equal Weight' rating on the Company's stock, with a target price of $32 per share. Register for free on Stock-Callers.com and download the latest research report on TOL at:
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