QUOTE AND NEWS
Market Intelligence Center  Oct 10  Comment 
Pulte Homes Inc. (PHM) traded between $17.87 and $18.47 before closing at $17.90 Thursday and presents some attractive trading opportunities today. MarketIntelligenceCenter.com’s algorithms have picked a Apr. '15 $17.00 covered call for a net...
TheStreet.com  Oct 2  Comment 
NEW YORK (TheStreet) -- Shares of PulteGroupaInca are climbing 1.14% to $17.79 in early market trading after the homebuilder's rating was raised to "neutral" from "sell" by analysts at Goldman Sachsathis morning,awith a price target...
SeekingAlpha  Sep 26  Comment 
By Mitu Anand: PulteGroup (NYSE:PHM) doesn't seem to be making the most of the recovery in the housing market this year. The stock has declined 10% so far this year as the company's performance has not been up to expectations. In fact, Pulte has...
SeekingAlpha  Sep 25  Comment 
By whatstock2investin: PulteGroup Inc. (NYSE:PHM) is a steal these days. From a negative net income in 2010 to a dramatic turn around in 2012 and 2013. Net Income is growing, debts are paid down and revenue levels are steadily growing. Market...
TheStreet.com  Sep 17  Comment 
NEW YORK (TheStreet) -- Shares of PulteGroup Inc. are higher by 3.06% to $19.51 in mid-afternoon trading on Wednesday, as homebuilder stocks continue to get a boost after homebuilder confidence for September grew to 59 points, from 55 points for...
Motley Fool  Sep 16  Comment 
If you've ever wondered whether CEO pay should influence your investment decisions, these two homebuilders -- Lennar and Pulte -- are a perfect case study.
TheStreet.com  Sep 2  Comment 
NEW YORK (TheStreet) -- RATINGS CHANGES American Public Education was downgraded to hold at TheStreet Ratings. CDI was upgraded to buy at TheStreet Ratings. Read More: 10 Stocks Carl Icahn Loves in 2014 Groupon was upgraded at RBC...
Biomass Magazine  Aug 20  Comment 
Sustainable solutions for the plastics and chemicals industries were topics of discussion released in Metabolix Inc.'s second quarter 2014 financial results. The company also discussed a private placement agreement for new equity financing.
Yahoo  Aug 19  Comment 
Entry-level and first-time buyers, who tend to buy smaller homes, have largely remained sidelined due to strict mortgage-qualification standards and tepid wage and job growth. Yet executives at builders KB Home, PulteGroup Inc., D.R. Horton Inc....
Market Intelligence Center  Aug 4  Comment 
Pulte Homes Inc. (PHM) is an excellent choice for either a diagonal spread or a covered call expiring in Jan. '15 at the $17.00 level according to MarketIntelligenceCenter.com’s patented algorithms. A covered call on Pulte Homes for a net debit...




 

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
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