PulteGroup: Well Poised For Rate Cuts [Seeking Alpha]
PulteGroup, Inc. (PHM)
Last pultegroup, inc. earnings: 4/23 06:30 am
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US:NYSE Investor Relations:
pultegroupinc.com/investors/investor-overview/default.aspx
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Source: Seeking Alpha
21min Summary Homebuilders have struggled so far in 2024, but PHM is poised to benefit from positive economic conditions, potentially rallying into the end of the year and possibly 2025. PHM's diversified brand strategy, revenue and EPS growth, and risk-averse growth strategy make it a strong contender within the homebuilding sector. Despite risks surrounding policies and population, PHM's strong financial health makes it a great investment opportunity with a target price of $186.31. Kirpal Kooner Investment Thesis Homebuilders have not had a great 2024 so far, as the industry as a whole has been lagging behind the S&P year-to-date. This is primarily due to relatively hawkish Fed policy on continued high inflation, resulting in higher mortgage rates and costs than investors would have liked to see. However, with the Fed finally implementing the 50-point "jumbo cut" on September 18th, homebuilders should start to see more momentum again. In particular, PHM is very well p
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PHM
News
- Are Construction Stocks Lagging PulteGroup (PHM) This Year? [Yahoo! Finance]Yahoo! Finance
- Are Investors Undervaluing PulteGroup (PHM) Right Now? [Yahoo! Finance]Yahoo! Finance
- PulteGroup: Overvalued As Housing Shortage Slows And Home Prices Falter [Seeking Alpha]Seeking Alpha
- PulteGroup, Inc. (NYSE: PHM) had its price target raised by analysts at Bank of America Co. from $138.00 to $160.00. They now have a "buy" rating on the stock.MarketBeat
- US homebuilder stocks surge on hopes for demand boost after Fed rate cuts [Yahoo! Finance Canada]Yahoo! Finance Canada
PHM
Earnings
- 7/23/24 - Beat
PHM
Sec Filings
- 8/29/24 - Form 4
- 8/29/24 - Form 4
- 8/28/24 - Form 144
- PHM's page on the SEC website