QUOTE AND NEWS
Benzinga  Mar 25  Comment 
On Tuesday, Barclays released a note on the homebuilding sector, moving towards a stock picking approach. Analyst Stephen Kim downgraded shares of PulteGroup (NYSE: PHM) from Equalweight to Underweight and lowered the price target from $21 to...
TheStreet.com  Mar 25  Comment 
NEW YORK (TheStreet) -- Barclays downgraded PulteGroup to "underweight" from "equal weight" and lowered its price target to $20 from $21 in a note published Tuesday.Barclays said the reason for the downgrade was because the homebuilder's shares...
MarketWatch  Mar 19  Comment 
Shares of major U.S. home builders gave up some gains Wednesday afternoon after Federal Reserve officials announced another cut to the central bank's bond-buying stimulus program. Officials also shifted the factors that could prompt a rate hike,...
TheStreet.com  Mar 12  Comment 
Story updated at 9:55 a.m. to reflect market activity. NEW YORK (TheStreet) -- PulteGroup was downgraded to "neutral" from "outperform" by Credit Suisse Wednesday. Shares of PulteGroup fell 2.7% to $19.39 in morning trading. The downgrade is...
StreetInsider.com  Mar 10  Comment 
The following is a list of notable articles to help get you through the lunch hour: 'Make-or-Break' Game for Microsoft's (MSFT) Xbox One Launches Tomorrow -> Read this! eBay (EBAY) Promotions Increased in Jan. & Feb. - Wells Fargo -> Read...
TheStreet.com  Mar 10  Comment 
NEW YORK (TheStreet) -- UBS increased its target price on PulteGroup  to $25 and increased its estimates. The firm cited growth at Del Webb and authorization for $2 billion for land spending in 2014 as the reasons for the increase. The stock...
Benzinga  Mar 4  Comment 
On Tuesday, Kenneth Zener, analyst at KeyBanc, laid out a homebuilder pair trade, upgrading PulteGroup (NYSE: PHM) from Hold to Buy with a $26 price target, and downgrading Lennar (NYSE: LEN) from Buy to Hold with the $41 price target being...
MarketWatch  Feb 18  Comment 
Shares of home builders extended losses, before staging a modest rebound, after data released Tuesday morning showed that a gauge of sentiment among builders had plunged this month. Shares of D.R. Horton and PulteGroup were both recently off...
StreetInsider.com  Feb 5  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Dividends/Pulte+Group+%28PHM%29+Declares+%240.05+Quarterly+Dividend%3B+1%25+Yield/9129631.html for the full story.
DailyFinance  Feb 5  Comment 
SAN FRANCISCO, CALIFORNIA -- (Marketwired) -- 02/04/14 -- Patient Home Monitoring (PHM) (TSX VENTURE: PHM), a profitable company focused on rolling-up annuity-based healthcare service companies in the US and Canada, today announced that it will...




 

Pulte Homes (PHM) (NYSE:PHM) is a homebuilder. In 2009, the company sold 15,013 homes across 27 states in all regions of the country.[1] Pulte targets first-time and move-up buyers, with most of its properties being single-family detached homes. At an average home selling price of $258,000, the company offers homes that are more expensive than the national median home price of around $210,000.[1]

The company operates in a highly cyclical industry. New home construction, home prices and new home sales volume are heavily dependent upon job growth, interest rates, and the business cycle at large. Low interest rates and high job growth bode well for homebuilding, but as the recent subprime lending crisis and depressed housing market has illustrated, things can sour quickly and the business can be difficult to predict. Key homebuilding numbers, such as housing starts and existing home sales have continued to come in weak of late. Homebuilding is highly competitive and marked by few barriers to entry, low profit margins, and high financial leverage.

Since early 2006, the U.S. housing market has been unfavorably impacted by a lack of consumer confidence, tightened mortgage standards, and large supplies of resale and new home inventories and related pricing pressures. These factors have contributed to weakened demand for new homes, slower sales, and increased price discounts and sales incentives to attract homebuyers. All of these contribute negatively to PHM's revenues and net income. This could not posisbly have been more helpful!

Competition

The company competes against a highly fragmented base of other homebuilders. These companies may be national or local players and given the highly competitive nature of the industry, competition is stiff and often marked by low margins and low returns on capital. The company also competes for buyers with existing homes that have hit the market, and competes more broadly with other housing alternatives such as apartments and mobile homes.

Some of PHM's top competitors include Lennar (LEN), D.R. Horton (DHI), Centex (CTX), KB Home (KBH), HOVNANIAN ENTERPRISES (HOV), Beazer Homes USA (BZH), and Ryland Group (RYL).

Footnotes

  1. 1.0 1.1 PHM 10-K 2009 Item 1 Pg. 4
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki