에 대한 최신 뉴스 PulteGroup (NYSE:PHM) 주식

PulteGroup

PulteGroup Inc is a homebuilder in the United States. The company mainly builds single-family detached homes, and offers products to entry-level, move-up, and active-adult buyers. It also offers homebuyers mortgage financing, title, and insurance agency services through its financial services segment.

PulteGroup Inc

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Shares of homebuilders and building companies are trading higher as Treasury yields drop following softer-than-expected June CPI figures.

PulteGroup's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHM#NYSE">PHM</a>) short percent of float has risen 4.14% since its last report. The company recently reported that it has 5.32 million shares sold short, which is 3.27% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.49 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>PulteGroup Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1720470621_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for PulteGroup has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing PulteGroup's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, PulteGroup's peer group average for short interest as a percentage of float is 5.45%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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Looking Into PulteGroup's Recent Short Interest

Although the homebuilding industry is facing challenges like high mortgage rates and rising costs, Meritage Homes Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mth#NYSE">MTH</a>) is likely to benefit from improved cycle times and spec strategy implementation. The company&#39;s focus on entry-level and first-move-up homes will likely produce a higher volume in the future.
Shares of this Scottsdale, AZ-based homebuilding company have appreciated 10.9% in the past year compared with the Zacks Building Products - Home Builders industry&#39;s 18.9% rise.
The company reported impressive first-quarter 2024 results, demonstrating its strong performance amid challenging industry conditions. Despite market volatility, earnings and total closing revenues increased on a year-over-year basis by 42.9% and 14.5%, respectively, on the back of higher deliveries and adjusted gross margin (up 340 basis points year over year). Total home orders also rose 14% year over year, driven by strong demand and a low cancellation rate of 8%, supported by the right amount of available inventory.
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Image Source: Zacks Investment Research
Let&#39;s discuss the factors supporting positive investor sentiments amid headwinds.
<h3>What Makes the Stock Attractive?</h3>
Solid Spec Strategy: The company&#39;s spec homes are built without a prior buyer lineup, focusing on efficient construction quality and desired features. Meritage Homes&#39; strategy in speculative homebuilding has been consistently driving its revenues. By maintaining a few months&#39; supply of move-in-ready homes based on community-level sales, MTH reduces wait times for buyers compared with traditional methods. This approach also supports a lower average selling price, stimulating demand in the market.
Home closings rose 21% year over year in first-quarter 2024. Its spec-building strategy resulted in 3,507 homes delivered. Solid execution on its spec building and streamlined strategy helped it achieve yet another record backlog conversion rate of 138% and a return on equity of 18% during the quarter.
Prudent Land Acquisition Strategy: The company invests aggressively in land acquisition and development, which is critical for community count and top-line growth. In first-quarter 2024, Meritage Homes accelerated its investment in internal growth, with $430.4 million spent on land acquisition and development, up 39% from $310.1 million a year ago. At March-end, 66,400 lots were owned or controlled by the company compared with 60,900 lots a year ago. For the year, it expects land spending in the $2-$2.5 billion range as it develops its land and ramps up its lot portfolio for community count growth.
Focus on Entry-Level Buyers: Meritage Homes remains focused on the growing demand for entry-level homes with its LiVE.NOW product that addresses the need for lower-priced homes, given the rising interest rates and home prices. The successful execution of strategic initiatives to boost profitability and focus on entry-level LiVE.NOW homes boosted the upside.
The company believes that its strategy of targeting entry-level and first-move-up buyers is gaining traction and will continue to boost performance over the long haul. In the first-quarter 2024, entry-level buyers represented 91% of sales orders versus 87% in the year-ago period. The new lots added this quarter represent 43 future communities, all for entry-level products. Additionally, the company has approximately 28,000 lots in its pipeline, where due diligence is still ongoing.
MTH strategically shifts to being a pure-play entry-level and first-move-up builder, expecting higher absorptions with an improving community count growth trajectory. Additionally, the company has reduced average sales price&nbsp;in the first quarter by 4% year over year for the homes to address the needs of millennials and baby boomers who want affordable homes and highly desirable communities.
<h3>Valuation &amp; Estimate Revision</h3>
The company&#39;s earnings estimates for 2024 showcase growth rate of 1.7% from the year-ago period&#39;s tally on a 1.3% revenue improvement. Its earnings topped the Zacks Consensus Estimate in all the trailing four quarters, the average surprise being 27%. Earnings estimates for 2024 have increased to $20.27 per share from $19.99 in the past 60 days. The positive trend signifies bullish analysts&#39; sentiments and robust fundamentals in the near term.
From the valuation point of view, with a forward 12-month price-to-earnings ratio of 7.3X, below the industry average of 9.1X, the stock presents a potentially attractive valuation for investors seeking exposure to the housing industry. The company is also trading below the other industry players like KB Home (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kbh#NYSE">KBH</a>), PulteGroup, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/phm#NYSE">PHM</a>) and NVR, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nvr#NYSE">NVR</a>).
<h3>Conclusion</h3>
MTH&#39;s strategy of capitalizing on the solid demand for entry-level and first-move-up homes will likely produce higher volume in the future, especially from digital communities, and help it gain market share across the region served.
Investors might consider adding this Zacks Rank #2 (Buy) stock to their portfolios, anticipating further growth bolstered by strong financial performance, valuation and expanding community count.
<h3>A Brief Review of Other Players</h3>
KBH currently carries a Zacks Rank #2. It has a trailing four-quarter earnings surprise of 18.4%, on average. Shares of KBH have gained 29.6% in the past year.
The Zacks Consensus Estimate for KBH&#39;s 2024 sales and earnings per share indicates a rise of 6.5% and 18.2%, respectively, from prior-year levels.
PulteGroup currently carries a Zacks Rank #2. PHM has a trailing four-quarter earnings surprise of 12.5%, on average. Shares of PHM have risen 34.3% in the past year.
The Zacks Consensus Estimate for PHM&#39;s 2024 sales and EPS indicates a rise of 7.9% and 10%, respectively, from prior-year levels.
NVR presently carries a Zacks Rank #2. NVR has a trailing four-quarter earnings surprise of 9.7%, on average. Shares of NVR have gained 19.4% in the past year.
The Zacks Consensus Estimate for NVR&#39;s 2024 sales and EPS indicates a rise of 8.6% and 6.6%, respectively, from the prior-year levels.
<a href="https://www.zacks.com/stock/news/2297980/here-s-why-investors-should-add-meritage-homes-mth-stock-now?cid=CS-BENZ-FT-analyst_blog|rank_focused-2297980">To read this article on Zacks.com click here.</a>

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Here's Why Investors Should Add Meritage Homes Stock Now

Major stock indices in the United States ended on the green last Friday, following a key labor market data release, which came almost in line with market expectations. Notably, the latest data implied a 206,000 increase in nonfarm payrolls in June in the United States, which might have reignited Fed rate cut hopes among investors as reflected in an upward price movement in the share market.
Against this backdrop, stock market players might be in the mood for some good investments. However, since the share market has lately been on edge, we recommend stocks like Vital Farms (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vitl#NASDAQ">VITL</a>), PulteGroup (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/phm#NYSE">PHM</a>), Atmos Energy (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ato#NYSE">ATO</a>), Steelcase (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/scs#NYSE">SCS</a>) and Skechers (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/skx#NYSE">SKX</a>), which have low leverage. Choosing them can shield investors from incurring huge losses in times of crisis.
Now, before selecting low-leverage stocks, let&#39;s explore what leverage is and how choosing a low-leverage stock helps investors.
In finance, leverage is a term used to denote the practice of borrowing capital by companies to run their operations smoothly and expand the same. Such borrowings are done through debt financing. But there remains an option for equity finance. This is probably due to the cheap and easy availability of debt over equity financing.
However, debt financing has its share of drawbacks. Particularly, it is desirable only as long as it successfully generates a higher rate of return compared to the interest rate. So, to avoid considerable losses in your portfolio, one should always avoid companies that resort to excessive debt financing.
The crux of safe investment lies in choosing a company that is not burdened with debt, as a debt-free stock is almost impossible to find.
The equity market can be volatile at times, and, as an investor, if you don&#39;t want to lose big time, we suggest you invest in stocks that bear low leverage and are, hence, less risky.
To identify such stocks, historically, several leverage ratios have been developed to measure the amount of debt a company bears. The debt-to-equity ratio is one of the most common ratios.
<h3>Analyzing Debt/Equity</h3>
Debt-to-Equity Ratio = Total Liabilities/Shareholders&#39; Equity
This metric is a liquidity ratio that indicates the amount of financial risk a company bears. A lower debt-to-equity ratio reflects improved solvency for a company.
With the second-quarter earnings season ahead of us, investors must be eyeing stocks that have exhibited solid earnings growth in the recent past. But if a stock bears a high debt-to-equity ratio in times of economic downturn, its so-called booming earnings picture might turn into a nightmare.
<h3>The Winning Strategy</h3>
Considering the factors above, it is prudent to choose stocks with a low debt-to-equity ratio to ensure steady returns.
Yet, an investment strategy based solely on the debt-to-equity ratio might not fetch the desired outcome. To choose stocks that have the potential to give you steady returns, we have expanded our screening criteria to include some other factors.
<h3>Here are the other parameters:</h3>
Debt/Equity less than X-Industry Median: Stocks that are less leveraged than their industry peers.
Current Price greater than or equal to 10: The stocks must be trading at a minimum of $10 or above.
Average 20-day Volume greater than or equal to 50000: A substantial trading volume ensures that the stock is easily tradable.
Percentage Change in EPS F(0)/F(-1) greater than X-Industry Median: Earnings growth adds to optimism, leading to a stock&#39;s price appreciation.
VGM Score of A or B: Our research shows that stocks with a VGM Score of A or B, when combined with a Zacks Rank #1 (Strong Buy) or 2 (Buy), offer the best upside potential.
Estimated One-Year EPS Growth F(1)/F(0) greater than 5: This shows earnings growth expectation.
Zacks Rank #1 or 2: Irrespective of market conditions, stocks with a Zacks Rank #1 or 2 have a proven history of success.
Excluding stocks that have a negative or a zero debt-to-equity ratio, here we present our five picks out of the 16 stocks that made it through the screen.
Vital Farms: The company offers a range of produced pasture-raised foods, which include shell eggs, butter, hard-boiled eggs, ghee and liquid whole eggs. On Jun 26, 2024, Vital Farms revealed plans to expand its resilient supply chain with a second world-class egg washing and packing facility located in Seymour, Indiana. The new 72-acre facility will enable Vital Farms to continue growing its pasture-raised egg business and is expected to help generate more than $350 million in additional revenues.
VITL delivered an average four-quarter earnings surprise of 102.10%. It currently sports a Zacks Rank #1. The Zacks Consensus Estimate for VITL&#39;s 2024 sales suggests a solid 22.3% improvement from 2023&#39;s reported figure.
PulteGroup: It engages in homebuilding and financial services businesses, primarily in the United States. On Jul 3, 2024, PulteGroup announced that it has started building its Ryehill and Del Webb Sugar Land at Ryehill, new masterfully planned communities perfectly located in Sugar Land near Hwy 59 and Grand Parkway. Once completed, these communities will feature approximately 2,500 homes offering a variety of flexible floorplans.
PHM currently holds a Zacks Rank #2. The company boasts a long-term earnings growth rate of 17.6%. The Zacks Consensus Estimate for PHM&#39;s 2024 sales suggests a 7.9% improvement from the year-ago reported quarter.
Atmos Energy: It is engaged in regulated natural gas distribution and storage business. On May 8, Atmos Energy announced second-quarter fiscal 2024 results. Its earnings per share came in at $4.93, higher than the year-ago quarter&#39;s level of $4.40.
ATO currently carries a Zacks Rank #2. The company boasts a long-term earnings growth rate of 7%. The Zacks Consensus Estimate for ATO&#39;s fiscal 2024 sales implies an increase of 9.4% from fiscal 2023 sales.
Steelcase: It is a designer and manufacturer of products used to create high-performance work environments. Its product portfolio includes furniture systems, seating, storage, desks, casegoods, interior architectural products, technology products and related products and services. On Jun 11, 2024, Steelcase, along with Logitech, launched OcularTM View. This extended reality experience immerses people in virtual conversations that make them feel like they are sitting across from each other even though they&#39;re miles apart.
SCS currently sports a Zacks Rank #1. The Zacks Consensus Estimate for 2024 sales implies an improvement of 3.3% from the 2023 reported sales figure. SCS has a long-term earnings growth rate of 10%.
Skechers: It designs, develops, markets, and distributes footwear for men, women, and children in the United States and overseas under the SKECHERS name, as well as under several uniquely branded names. On May 14, 2024, the company announced its partnership with John Deere, the iconic American brand and signature leaping deer logo, to expand the work, outdoor and fashion industries worldwide with a co-branded professional and lifestyle offering. The footwear collection is designed for agricultural professionals, construction workers, outdoor enthusiasts and trendsetters &mdash; all seeking top-of-their-field brands that offer the latest innovations.
SKX currently holds a Zacks Rank #2. The company boasts a long-term earnings growth rate of 17.2%. The Zacks Consensus Estimate for SKX&#39;s 2024 sales suggests a 10.6% improvement from the 2023 reported figure.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your trading. Further, you can also create your strategies and backtest them first before taking the investment plunge.
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
<a href="https://www.zacks.com/stock/news/2297566/5-low-leverage-stocks-to-buy-following-key-labor-data-release?cid=CS-BENZ-FT-analyst_blog|rw-2297566">To read this article on Zacks.com click here.</a>

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5 Low-Leverage Stocks to Buy Following Key Labor Data Release

PulteGroup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHM#NYSE">PHM</a>) has outperformed the market over the past 10 years by 7.12% on an annualized basis producing an average annual return of 17.93%. Currently, PulteGroup has a market capitalization of $21.65 billion. 
Buying $1000 In PHM: If an investor had bought $1000 of PHM stock 10 years ago, it would be worth $5,201.50 today based on a price of $102.91 for PHM at the time of writing.
<h3>PulteGroup's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1719950420_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In This Stock 10 Years Ago Would Be Worth $5,200 Today

Citigroup analyst Anthony Pettinari maintains PulteGroup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHM#NYSE">PHM</a>) with a Neutral and lowers the price target from $129 to $117.

Price Target

Citigroup Maintains Neutral on PulteGroup, Lowers Price Target to $117

Floor &amp; Decor Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fnd#NYSE">FND</a>) focuses intently on expanding its market share by opening new warehouse-format stores, capitalizing on its everyday low prices and value-driven options, diversified and in-style product offerings, and valuing customers&#39; demand trends. 
Considering its expansion plans through new store openings, the company recently announced its debut in Columbus, GA, with a new warehouse store and design center. The new store will house about 50 full-time and part-time associates, led by the store&#39;s chief executive merchant.
<h3>Floor &amp; Decor on an Expansion Spree</h3>
Floor &amp; Decor indulges in profitable investments to process its expansion strategies, primarily through improvements in existing stores and new stores openings. By expanding its footprint and product portfolio, the company can reach out to new communities and accelerate its growth momentum. 
During the fiscal first quarter (ended Mar 28, 2024), the company opened four new warehouse stores. This brought the quarter-end count to 225 warehouse stores and five design studios. The openings included new warehouse format stores in Mansfield, TX; Summerville, FL; Glen Burnie, MD; and Augusta, GA. Furthermore, as of May 2024, FND had already opened four new warehouse stores, including Lone Tree, CO; Bremerton, WA; Brooklyn, NY; and Hendersonville, TN. 
Floor &amp; Decor aims to open between 30 and 35 new warehouse-format stores in fiscal 2024 across various large, medium and small market sizes. The long-term goal of the company is to operate 500 warehouse stores in the United States, and to achieve this target, it is strategically making investments to foster the expansion trend.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/2b/69385.jpg?v=534205386" /> 
Image Source: Zacks Investment Research
Owing to these tailwinds, shares of this retailer specializing in hard-surface flooring for homeowners and professionals have gained 2.7% in the year-to-date period against the Zacks Building Products - Wood industry&#39;s 8.1% decline.
<h3>Zacks Rank &amp; Key Picks</h3>
Floor &amp; Decor currently carries a Zacks Rank #3 (Hold). 
Here are some better-ranked stocks from the Construction sector. 
Owens Corning (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/oc#NYSE">OC</a>)&nbsp;currently sports a Zacks Rank #1 (Strong Buy). 
OC delivered a trailing four-quarter earnings surprise of 17.4%, on average. The stock has risen 42.1% in the past year. The Zacks Consensus Estimate for OC&#39;s 2024 sales and earnings per share indicates growth of 16% and 7.4%, respectively, from the prior-year reported levels. 
PulteGroup, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/phm#NYSE">PHM</a>) currently sports a Zacks Rank of 1. It has a trailing four-quarter earnings surprise of 12.5%, on average. PHM&#39;s shares have gained 46.7% in the past year. 
The consensus estimate for PHM&#39;s 2024 sales and EPS implies an increase of 7.9% and 10%, respectively, from the prior-year reported levels. 
Louisiana-Pacific Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lpx#NYSE">LPX</a>) presently sports a Zacks Rank of 1. LPX delivered a trailing four-quarter earnings surprise of 18.6%, on average. The stock has risen 25% in the past year. 
The Zacks Consensus Estimate for LPX&#39;s 2024 sales and EPS indicates growth of 17% and 79.8%, respectively, from the year-earlier levels.
<a href="https://www.zacks.com/stock/news/2292346/floor-decor-fnd-to-debut-in-columbus-with-warehouse-store?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2292346">To read this article on Zacks.com click here.</a>

Floor & Decor to Debut in Columbus With Warehouse Store

What is the key to bringing home sale volume up and home prices down? America&#8217;s current problem is insufficient supply, according to a new report outlining trends in the <a href="https://www.benzinga.com/topic/housing-market">U.S. housing market</a>.
The Data: Freddie Mac&#8217;s May macroeconomic <a href="https://www.freddiemac.com/research/forecast/20240516-economic-growth-moderated-start-year?utm_source=www.resiclubanalytics.com&amp;utm_medium=referral&amp;utm_campaign=u-s-housing-market-is-1-5-million-housing-units-below-a-balanced-market-finds-freddie-mac">report</a> examined key trends in the housing and mortgage market.
While 2024&#8217;s <a href="https://www.benzinga.com/top-stories/24/06/39391685/fed-members-cool-on-raising-interest-rates-these-conditions-could-take-months-and-more-likely-quarte">higher-for-longer interest rate</a> environment remains the most obvious obstacle to lowering home prices, the report emphasized supply as a means to restore the market to balance.
According to the report, vacancy rates—a very low 0.8% for housing and 6.6% for renters—must be restored in line with historical averages to make a dent in housing prices. In the first quarter of 2024, the total number of for-sale and for-rent units was 1.5 million below the balanced supply.
Why it Matters: Home prices have reached record levels in 2024. In June, the median sale price of a U.S. home hit an&nbsp;<a href="https://www.benzinga.com/real-estate/24/06/39337282/u-s-home-prices-hit-record-high-as-mortgage-rates-start-to-decline">all-time high</a>&nbsp;of $394,000. The median price for renting has <a href="https://www.benzinga.com/real-estate/23/06/32719718/despite-high-rental-rates-americans-are-putting-off-home-buying-in-record-numbers">also risen steadily</a> in recent months, albeit showing some signs of slowing. 
The rising price of homes has made the American dream of owning a home unsustainable for many Americans, especially members of Generation Z.
Increasing the U.S. housing supply is a logical solution to bringing housing prices down and making shelter affordable for most Americans.
Market Implications: Companies involved in residential construction stand to benefit if there&#8217;s a push to increase housing supply. These include major homebuilders such as D.R. Horton Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>), Lennar Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) and PulteGroup, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHM#NYSE">PHM</a>). Increased demand for new housing units could drive up their revenues.
The iShares U.S. Home Construction ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITB#BATS">ITB</a>) and the SPDR S&amp;P Homebuilders ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XHB#NYSE">XHB</a>) are among the largest exchange-traded funds tracking the home construction sector. The iShares U.S. Basic Materials ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYM#NYSE">IYM</a>) tracks materials, some of which are used in construction.
Read Next:
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iShares Trust Dow Jones US Basic Materials Sector Index Fund

US Needs 1.5 Million More Homes To Tame Record Prices

Shares of homebuilders are trading lower in sympathy with Lennar, which fell after reporting Q2 earnings and issuing guidance.

PulteGroup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHM#NYSE">PHM</a>) has outperformed the market over the past 10 years by 8.45% on an annualized basis producing an average annual return of 19.1%. Currently, PulteGroup has a market capitalization of $24.27 billion. 
Buying $1000 In PHM: If an investor had bought $1000 of PHM stock 10 years ago, it would be worth $5,785.09 today based on a price of $115.40 for PHM at the time of writing.
<h3>PulteGroup's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1718375418_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In This Stock 10 Years Ago Would Be Worth $5,800 Today

Shares of homebuilders and building products companies are trading higher. Strength may be due to a drop in Treasury yields following soft May CPI data.

PulteGroup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHM#NYSE">PHM</a>) has outperformed the market over the past 5 years by 15.94% on an annualized basis producing an average annual return of 28.71%. Currently, PulteGroup has a market capitalization of $24.34 billion. 
Buying $100 In PHM: If an investor had bought $100 of PHM stock 5 years ago, it would be worth $363.72 today based on a price of $115.70 for PHM at the time of writing.
<h3>PulteGroup's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1717432218_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In This Stock 5 Years Ago Would Be Worth $400 Today

Shares of homebuilders are trading lower in sympathy with Toll Brothers, which fell following Q2 earnings.

Citigroup analyst Anthony Pettinari maintains PulteGroup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHM#NYSE">PHM</a>) with a Neutral and raises the price target from $127 to $129.

Citigroup Maintains Neutral on PulteGroup, Raises Price Target to $129

Shares of homebuilders are trading higher amid overall market strength following April CPI data.

PulteGroup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHM#NYSE">PHM</a>) has outperformed the market over the past 10 years by 9.37% on an annualized basis producing an average annual return of 20.13%. Currently, PulteGroup has a market capitalization of $24.48 billion. 
Buying $100 In PHM: If an investor had bought $100 of PHM stock 10 years ago, it would be worth $620.36 today based on a price of $116.38 for PHM at the time of writing.
<h3>PulteGroup's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1715635812_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In This Stock 10 Years Ago Would Be Worth $600 Today

PulteGroup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHM#NYSE">PHM</a>) has outperformed the market over the past 10 years by 9.63% on an annualized basis producing an average annual return of 19.98%. Currently, PulteGroup has a market capitalization of $23.67 billion. 
Buying $1000 In PHM: If an investor had bought $1000 of PHM stock 10 years ago, it would be worth $6,158.73 today based on a price of $112.52 for PHM at the time of writing.
<h3>PulteGroup's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714663827_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning PulteGroup Stock In The Last 10 Years

Corporate <a href="https://www.benzinga.com/markets/equities/24/04/38471231/strong-quarterly-earnings-fuel-market-optimism-despite-inflation-concerns-slowing-economic-growt">earnings came to the market&#8217;s rescue in the past week,</a> helping to overcome rate fears. As we look ahead to the unfolding week, it remains to be seen whether the tech earnings deluge can keep the rally&#8217;s momentum going. 
The Week That Was: High-profile Magnificent Seven earnings panned out mostly positively for the market, with Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) the outlier. The social media giant&#8217;s stock fell sharply as traders fretted over the soft second-quarter revenue guidance and the company&#8217;s massive AI investment plans. 
Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) managed to appease the Street despite the double miss as it held out the promise of an expeditious launch of a more affordable EV. 
With the earnings season now halfway through, the percentage of S&amp;P 500 companies reporting positive earnings surprises and the magnitude of earnings surprises were above their 10-year averages, <a href="https://insight.factset.com/sp-500-earnings-season-update-april-26-2024?utm_source=Direct&amp;utm_medium=Email&amp;utm_campaign=FO-04-26-2024&amp;utm_content=httpsinsightfactsetcomsp500earningsseasonupdateapril262024">said </a>FactSet in a report.
The blended first-quarter earnings growth of S&amp;P 500 companies is estimated at 3.5%, up from the 0.6% growth estimated in the week ended April 19, the financial data analytics firm said. If the trend holds, the S&amp;P 500 companies are on track to report earnings growth for the third straight quarter.
Of the 11 S&amp;P sector classes, eight sectors reported year-over-year earnings growth, led by communication services, utilities, IT, and consumer discretionary sectors. On the other hand, healthcare, energy, and materials have reported year-over-year earnings declines.
See Also: <a href="https://www.benzinga.com/money/best-tech-stocks">Best Tech Stocks Right Now</a>
Look Ahead: The unfolding week will see 175 S&amp;P 500 companies and 6 Dow 30 components releasing their quarterly scorecards. The earnings roster includes two Magnificent Seven companies, namely Apple, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Amazon, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), e-commerce retailers, payment processors, restaurants, and energy and REIT companies.
Earnings from Apple and Amazon could be market-moving, given the weighting of these stocks in the S&amp;P 500 Index. Also, Apple is considered a bellwether, given its exposure to consumers. Morgan Stanley&#8217;s Erik Woodring expects Apple to report a slightly beat but guide June quarter revenue down. 
Investors are likely to keep a close eye on performance in China, Apple&#8217;s updated capital return framework, and capital expenditures, the analyst said.
That said, the analyst is positive on the stock ahead of its annual Worldwide Developers&#8217; Conference due on June 10th. &#8220;With Apple&#8217;s biggest WWDC event on June 10th, we&#8217;d buy post-earnings weakness,&#8221; he said.
Amazon will likely continue to report double-digit sales and profit growth in the first quarter, according to Telsey Advisory Group analyst Joseph Feldman. The analyst premised his optimism on the strength of online spending, gains from expanded merchandise and faster fulfillment, and stabilization (and growth) of AWS. 
&#8220;Importantly, we expect [a] greater focus on profits supported by the growth of higher margin categories and services, such as advertising, media, and AWS (partly helped by AI-related upgrades), the redesigned distribution network&#8230;.. and cost savings,&#8221; he said.
Notable among the <a href="https://www.benzinga.com/calendars/earnings">companies reporting earnings this week</a> are:
Monday 
<ul>
<li>Before the bell: JinkoSolar Holding Co., Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JKS#NYSE">JKS</a>), ON Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>), Koninklijke Philips N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHG#NYSE">PHG</a>), SoFi Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>)</li>
<li>After the close: F5, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIV#NASDAQ">FFIV</a>), Everest Group, Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EG#NYSE">EG</a>), NXP Semiconductors N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>), Lattice Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSCC#NASDAQ">LSCC</a>), MicroStrategy Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>), Qiagen N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QGEN#NYSE">QGEN</a>), Rambus Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RMBS#NASDAQ">RMBS</a>), Sanmina Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SANM#NASDAQ">SANM</a>), Yum China Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUMC#NYSE">YUMC</a>)</li>
</ul>
Tuesday 
<ul>
<li>Before the bell: 3M Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>), Archer-Daniels-Midland Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADM#NYSE">ADM</a>), The Coca-Cola Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>), Eli Lilly and Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>), GE HealthCare Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEHC#NASDAQ">GEHC</a>), McDonald&#8217;s Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>), Molson Coors Beverage Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAP#NYSE">TAP</a>), PayPal Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>), Tenet Healthcare Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THC#NYSE">THC</a>)</li>
<li>After the close: Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), ONEOK, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKE#NYSE">OKE</a>), Pinterest, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PINS#NYSE">PINS</a>), Starbucks Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>), Skyworks Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWKS#NASDAQ">SWKS</a>), Unum Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNM#NYSE">UNM</a>). Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), Stryker Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYK#NYSE">SYK</a>), RenaissanceRe Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNR#NYSE">RNR</a>), Prudential Financial, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRU#NYSE">PRU</a>), Diamondback Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NASDAQ">FANG</a>), The Clorox Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLX#NYSE">CLX</a>), Chesapeake Energy Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHK#NASDAQ">CHK</a>)</li>
</ul>

Wednesday 
<ul>
<li>Before the bell: Bausch + Lomb Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLCO#NYSE">BLCO</a>), CVS Health Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>), DuPont de Nemours, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DD#NYSE">DD</a>), The Estée Lauder Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EL#NYSE">EL</a>), Garmin Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GRMN#NYSE">GRMN</a>), GSK plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSK#NYSE">GSK</a>), The Kraft Heinz Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KHC#NASDAQ">KHC</a>), KKR &amp; Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>), Logitech International S.A. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOGI#NASDAQ">LOGI</a>), Mastercard Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>), Norwegian Cruise Line Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>), Pfizer, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFE#NYSE">PFE</a>), Wingstop Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WING#NASDAQ">WING</a>), Yum! Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUM#NYSE">YUM</a>)</li>
<li>After the close: Albemarle Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALB#NYSE">ALB</a>), The Allstate Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>), Beazer Homes USA, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BZH#NYSE">BZH</a>), C.H. Robinson Worldwide, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHRW#NASDAQ">CHRW</a>), Devon Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>), eBay Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>), Etsy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETSY#NASDAQ">ETSY</a>), First Solar, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>), Freshworks Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRSH#NASDAQ">FRSH</a>), Kulicke and Soffa Industries, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLIC#NASDAQ">KLIC</a>), Marathon Oil Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRO#NYSE">MRO</a>), MetLife, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MET#NYSE">MET</a>), MGM Resorts International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>), NETGEAR, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTGR#NASDAQ">NTGR</a>), Qorvo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QRVO#NASDAQ">QRVO</a>), Sunnova Energy International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOVA#NYSE">NOVA</a>), Upwork Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPWK#NASDAQ">UPWK</a>), Wolfspeed, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>), Zillow Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZG#NASDAQ">ZG</a>)</li>
</ul>
Thursday 
<ul>
<li>Before the bell: ArcelorMittal S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MT#NYSE">MT</a>), ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>), CyberArk Software Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYBR#NASDAQ">CYBR</a>), Ferrari N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RACE#NYSE">RACE</a>), Intercontinental Exchange, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>), Kimco Realty Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KIM#NYSE">KIM</a>), Moderna, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>), PENN Entertainment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PENN#NASDAQ">PENN</a>), Wayfair Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/W#NYSE">W</a>), Zoetis Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZTS#NYSE">ZTS</a>)</li>
<li>After the close: Amgen, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMGN#NASDAQ">AMGN</a>), Apple, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), BigBear.ai Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBAI#NYSE">BBAI</a>), BJ&#8217;s Restaurants, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BJRI#NASDAQ">BJRI</a>), Booking Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKNG#NASDAQ">BKNG</a>), Cloudflare, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NET#NYSE">NET</a>), Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), Consolidated Edison, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ED#NYSE">ED</a>), DraftKings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>), Five9, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVN#NASDAQ">FIVN</a>), Expedia Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>), Illumina, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ILMN#NASDAQ">ILMN</a>), Live Nation Entertainment, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>), United States Steel Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>), Regency Centers Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REG#NASDAQ">REG</a>), Reinsurance Group of America, Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RGA#NYSE">RGA</a>), Pioneer Natural Resources Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PXD#NYSE">PXD</a>), Opendoor Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPEN#NASDAQ">OPEN</a>), Monster Beverage Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNST#NASDAQ">MNST</a>)</li>
</ul>
Friday 
<ul>
<li>Before the bell: American Axle &amp; Manufacturing Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXL#NYSE">AXL</a>), Cboe Global Markets, Inc. (CBOE: CBOE), Fluor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLR#NYSE">FLR</a>), The Hershey Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</a>), Owens &amp; Minor, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OMI#NYSE">OMI</a>), XPO, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPO#NYSE">XPO</a>)</li>
</ul>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), an exchange-traded fund that tracks the performance of the broader S&amp;P 500 Index, ended Friday&#8217;s session up 0.95% at $508.26, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data. </a>The ETF has pulled back from its all-time high (intraday) of $524.61 hit on March 28. The Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), an ETF levered more to high-profile, non-financial tech stocks, rose 1.54% to $431.
Read Next: <a href="https://www.benzinga.com/news/earnings/earnings-misses/24/04/38464570/us-energy-stocks-fall-following-oil-giants-subdued-earnings-reports">US Energy Stocks Fall Following Oil Giants&#8217; Subdued Earnings Reports</a>

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Will Earnings Cheer Continue To Buoy Markets? Apple, Amazon, Pfizer, Coinbase Lead Flurry Of Q1 Reports This Week

Raymond James analyst Buck Horne reiterates PulteGroup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHM#NYSE">PHM</a>) with a Outperform and raises the price target from $120 to $135.

Reiteration

Raymond James Reiterates Outperform on PulteGroup, Raises Price Target to $135

Jefferies analyst Collin Verron maintains PulteGroup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHM#NYSE">PHM</a>) with a Buy and raises the price target from $126 to $131.

Jefferies Maintains Buy on PulteGroup, Raises Price Target to $131

Wall Street is higher across the board today, as investors react favorably to cooler-than-expected inflation data.

Stocks Pop On Renewed Interest Rate Cut Optimism

Homebuilder stocks rise, with mortgage rates in mind as cooler CPI pulls down 10-yr yield

Dividend Champion, Contender, And Challenger Highlights: Week Of June 16

Mortgage portability: A solution to the housing market's 'lock-in effect'?

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Barron&rsquo;s recently suggested that the malaise in homebuilder stocks that&rsquo;s been ongoing since March looks ready to end. That suggests investors might want to consider homebuilder stocks to buy to ride their upward correction.



Arguments for buying homebuilder stocks include the fact that despite more homes for sale in the U.S. &mdash; <a href="https://www.barrons.com/articles/home-builder-stocks-lennar-kbhome-toll-drhorton-hims-wegovy-88c218b3">1.52 million</a> single family homes, new and existing, were for sale in April &mdash; that is still well below the historical average of 2.36 million.&nbsp;



The article points out that UBS analysts believe homebuilder stocks deserve a higher valuation. Some of the largest are trading at 9-10 times the forward earnings estimate.&nbsp;




&ldquo;More broadly, it argues that the home-builder group has undergone a &lsquo;vast transformation&rsquo; for the better since the global financial crisis, and deserves a higher valuation,&rdquo; stated Barron&rsquo;s contributor Jack Hough.&nbsp;




With the U.S. housing shortage at 2.2 million units needing to be built, the strongest homebuilders will continue growing their businesses. That should continue to fuel a rebound into the fall and beyond.



Here are my three to buy in June.&nbsp;



<h2>PulteGroup (PHM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/04/pultegroup-phm-1600-300x169.jpg" alt="the PulteGroup logo seen displayed on a smartphone"><div>Source: rafapress / Shutterstock.com</div></div>PulteGroup (NYSE:<a href="https://investorplace.com/stock-quotes/phm-stock-quote/">PHM</a>) is the largest of the three homebuilder stocks to buy, with a market capitalization of $23.67 billion.



In July, I <a href="https://investorplace.com/2023/07/3-homebuilder-stocks-to-buy-to-profit-from-the-housing-shortage/">recommended</a> buying Pulte stock because it was trading for 6.8x its forward earnings. The biggest issues for investors at the time were twofold: First, would demand remain high? Second, could Pulte keep up with demand?&nbsp;



A year later, it&rsquo;s clear that demand remains high for its new houses. In late April, it reported Q1 2024 results that beat analyst estimates on the top and bottom lines. Its shares rose on the news.&nbsp;



Across the board, its results were positive. Earnings per share increased 32% to $3.10,&nbsp;net new orders increased 14% to 8,379 homes and its unit backlog was 13,430, valued at an average price of $610,573. It finished the quarter with $1.8 billion in cash on the balance sheet and $1.96 billion in long-term debt, good for just $191 million in net debt or 1.7% of its total net capital.&nbsp;



The unit backlog was up 2.3% year over year, while its dollar value increased by 2.8%, with the average price per house $2,758 higher.



Its shares trade at 9.5x its 2024 EPS estimate of <a href="https://www.marketwatch.com/investing/stock/phm/analystestimates">$11.88</a> and 8.7x its 2025 estimate of $12.94.&nbsp;&nbsp;&nbsp;



Its business remains very strong.&nbsp;



<h2>Taylor Morrison Home (TMHC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/TMHC1600-300x169.jpg" alt="the taylor morrison logo displayed on a web browser and magnified by a magnifying glass"><div>Source: Shutterstock</div></div>Taylor Morrison Home (NYSE:<a href="https://investorplace.com/stock-quotes/tmhc-stock-quote/">TMHC</a>) is the second-largest of the three homebuilder stocks to buy, with a market capitalization of nearly $6 billion.&nbsp;



In my July 2023 commentary regarding homebuilder stocks to buy, which I mentioned previously, I suggested that CEO Sheryl Palmer was a big reason for the company&rsquo;s success in the past decade.&nbsp;



Palmer has run the company since August 2007. She took it public in April 2013 at <a href="https://www.paulweiss.com/practices/transactional/capital-markets/news/taylor-morrison-closes-ipo">$22</a> a share. Its shares are 156% from their IPO price, with much of the gains coming since September 2022.&nbsp;



The company&rsquo;s big move came in <a href="https://newsroom.taylormorrison.com/2020-02-06-Taylor-Morrison-Announces-Close-of-William-Lyon-Homes-Acquisition-with-Unwavering-Commitment-to-Smart-Growth">2020</a> when it acquired William Lyon Homes for $2.5 billion in cash and stock. As a result of the acquisition, TMHC became the fifth-largest homebuilder in the U.S. More importantly, it expanded into three new markets: Washington, Oregon and Nevada. It also strengthened its position in entry-level homes.



In 2024, its focus moved from acquiring finished lots to developing its own land, primarily to accelerate its growth. In 2023, it spent <a href="https://www.builderonline.com/money/taylor-morrisons-2024-playbook-accelerate-growth-achieve-market-share-gains_o">$1.8 billion</a> on land acquisition and development in 2023. It plans to spend $2.4 billion in 2024 at the midpoint of its guidance.&nbsp;&nbsp;



As long as Palmer&rsquo;s in charge, I like TMHC stock.&nbsp;



<h2>Green Brick Partners (GRBK)</h2>



<a href="https://investorplace.com/wp-content/uploads/2016/03/Green-Brick-Partners-GRBK-stock.jpg"><img width="185" height="185" src="https://investorplace.com/wp-content/uploads/2016/03/Green-Brick-Partners-GRBK-stock.jpg" alt="The logo for Green Brick Partners Inc (GRBK)."></a>Green Brick Partners (NYSE:<a href="https://investorplace.com/stock-quotes/gbrk-stock-quote/">GBRK</a>) is the smallest of the three homebuilder stocks to buy, with a market capitalization of nearly $2.6 billion.&nbsp;



I&rsquo;ve written about Green Brick several times because it is <a href="https://d18rn0p25nwr6d.cloudfront.net/CIK-0001373670/0f574cd6-0f91-4521-b48d-1dbf376d4070.pdf">25.2%</a> owned by Greenlight Capital, the investment advisor run by <a href="https://www.institutionalinvestor.com/article/2d5dj0slmic4dhmg8jsow/hedge-funds/david-einhorn-sees-compelling-values-in-broken-market">value investor</a> David Einhorn.&nbsp;



The company was co-founded by Einhorn and Texas real estate veteran Jim Brickman in <a href="https://investors.greenbrickpartners.com/why-invest/default.aspx">2009</a>. It went public in 2014. It now operates in Texas, Georgia, and Florida, which are three of the fastest-growing markets in the U.S.



In December 2022, I <a href="https://investorplace.com/2022/11/our-7-top-stock-picks-for-december-2022/">recommended</a> GBRK stock, suggesting that its gross margins, revenue growth and balance sheet were healthy. Today, they&rsquo;re even healthier.&nbsp;



In Q1 2024, while its revenue was down 1% over last year, to <a href="https://s202.q4cdn.com/944500558/files/doc_financials/2024/q1/Q1-2024-Exhibit-99-Earnings-Release-v5-1-Final.pdf">$447.3 million</a>, its EPS of $1.82 was a record for the first quarter, up 32.8% over last year, and a homebuilding gross margin of 33.4%, 580 basis points higher than Q1 2023. Most importantly, its debt to total capital was 18.3%, almost 10 percentage points less than in late 2022.&nbsp;&nbsp;&nbsp;&nbsp;




&ldquo;We achieved the second highest quarterly sales orders in company history at 1,071 net orders, just shy of the Covid-fueled 1,082 orders in the first quarter of 2021,&rdquo; CEO Jim Brickman stated in its Q1 2024 press release.




As homebuilders go, Green Brick is a diamond in the rough.&nbsp;



On the date of publication, Will Ashworth did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Will Ashworth has written about investments full-time since 2008. Publications where he&rsquo;s appeared include InvestorPlace, The Motley Fool Canada, Investopedia, Kiplinger, and several others in both the U.S. and Canada. He particularly enjoys creating model portfolios that stand the test of time. He lives in Halifax, Nova Scotia.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/06/3-homebuilder-stocks-to-buy-now-june-2024/">3 Homebuilder Stocks to Buy Now: June 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 Homebuilder Stocks to Buy Now: June 2024

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
High-flying <a href="https://investorplace.com/stock-types/growth-stocks/">growth stocks</a> have helped<a href="https://finance.yahoo.com/news/stock-market-today-dow-jumps-while-nvidia-slides-6-drags-on-nasdaq-200151312.html"> lift major indices</a> this quarter. The S&amp;P 500 is on track for a 4% gain, and the tech-heavy Nasdaq is set to rise by around 7%. Analysts attribute the gains to strong demand for artificial intelligence (AI) creating triple-digit growth for firms in that sector.



While consecutive record highs in the markets have sparked fatigue concerns, a narrow market focus and expectations of easing monetary policy could allow many high-flying growth stocks to continue outperforming. Return on equity (ROE), calculated by dividing a company&rsquo;s net income by shareholder equity,<a href="https://www.investopedia.com/terms/r/returnonequity.asp"> helps identify firms generating higher returns</a>. Companies earning more profits can return more to shareholders through dividends or buybacks. This can potentially support further stock price increases.



Generally, businesses with an ROE that exceeds competitors tend to see faster stock price growth. An<a href="https://www.bdc.ca/en/articles-tools/entrepreneur-toolkit/financial-tools/return-on-shareholders-equity"> ROE over 15%</a> is commonly viewed as satisfactory. However, traders may seek comparatively higher figures rather than focusing on thresholds. After a period of solid equity market expansion, several high-flying growth stocks stand out for their strong ROE and potential to outpace the competition. The following three, in particular, could be well positioned in this regard.



<h2><a></a>ABB (ABBNY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/09/abb-1600-300x169.jpg" alt="ABB Robotics, Inc. training center in suburban Detroit."><div>Source: Daniel J. Macy / Shutterstock.com</div></div>Swiss-based engineering and construction conglomerate ABB (OTCMKTS:<a href="https://investorplace.com/stock-quotes/abbny-stock-quote/">ABBNY</a>) is one of the high-flying growth stocks to watch closely. The company is<a href="https://new.abb.com/us"> well-known in North America</a> for its robotics solutions.



ABB is well-positioned in the current market environment as pressure increases for companies to automate and incorporate AI to improve efficiencies. The company is also<a href="https://global.abb/group/en/media/releases/group"> expanding its electrification activities</a> in North America and is poised to play a key role in the future energy transition.



In its recent Q1 earnings, ABB reported a<a href="https://search.abb.com/library/Download.aspx?DocumentID=9AKK108469A3661&amp;LanguageCode=en&amp;DocumentPartId=&amp;Action=Launch&amp;_ga=2.137274096.1744085780.1719305806-2116146760.1719305806"> 240% jump in free cash flow</a> (FCF) through efficiency initiatives. Both profit and operating margin achieved double-digit growth, with growth estimates for the current and next quarters over 75%. Even with its stock price up 27% year-to-date (YTD), ABB continues to boast an impressive ROE of 28%. 



<h2>&#8203;PulteGroup (PHM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/04/pultegroup-phm-1600-300x169.jpg" alt="the PulteGroup logo seen displayed on a smartphone"><div>Source: rafapress / Shutterstock.com</div></div>The home building and finance company PulteGroup (NYSE:<a href="https://investorplace.com/stock-quotes/phm-stock-quote/">PHM</a>) is a logical addition to the list of high-flying growth stocks. Despite the U.S. housing market being under pressure from high interest rates, it is expected to<a href="https://www.thestreet.com/investing/stocks/housing-market-seeks-fed-rate-cut-relief-as-sales-building-slumps"> experience a rebound</a> when the Federal Reserve finally eases up on rates, lowering the cost of mortgages.



PulteGroup stands out in its ability to benefit from both sides of that equation. While it builds homes, it also provides financing to potential home buyers. Despite adverse market conditions, it has also managed to generate<a href="https://s22.q4cdn.com/957797852/files/doc_earnings/2024/q1/earnings-result/Q1-2024-Earnings-Release.pdf"> 10% revenue growth</a> over the past year. PHM boasts an ROE of 27%, <a href="https://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/roe.html">above the industry average</a> of 23%.



Notably, Pulte has been piling up cash on hand ($1.8 billion), positioning itself to capitalize on potentially lower rates right at the start of the easing cycle. Profit and operating margins stand at 16% and 20%, with YOY earnings growth at 32%.



The PHM stock price has grown 9% so far this year. Still, analysts see it continuing towards an average price target of $129.15, representing a <a href="https://www.tipranks.com/stocks/phm/forecast">potential 17% upside</a>.



<h2>Banco de Chile (BCH)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/01/shutterstock_1913855137-300x169.png" alt="Big waving Chilean national flag symbol on square at La Moneda Palace, urban tourist attraction in business district downtown of capital city Santiago de Chile, Chile"><div>Source: Jens_Bee / Shutterstock.com</div></div>Banco de Chile (NYSE:<a href="https://investorplace.com/stock-quotes/bch-stock-quote/">BCH</a>) is the final pick of high-flying growth stocks as it has grown so fast it has outpaced many of its peers. Banks are often known for stability over rapid expansion, and this Chilean bank has delivered strong financial returns. The company provides banking and financial services across Latin America, with a focus on Chile. Chile saw<a href="https://www.reuters.com/world/americas/chiles-economic-activity-posts-largest-increase-since-mid-2022-2024-04-01/"> notable economic growth</a> in 2024, prompting the central bank to lower interest rates.



Banco de Chile maintains a relatively low level of non-performing loans by prioritizing high-quality loans and often refinancing top-performing customers from competitors. It also holds the country&rsquo;s <a href="https://portales.bancochile.cl/uploads/000/068/176/e378f35b-e191-4e81-85dd-5be85a3a896a/original/Corporate_Presentation_1Q24_vf.pdf">largest share of assets under management</a> (AUM). This strategy of reducing financing expenses while steadily expanding revenue has proven successful, as the bank leads its market in profitability. Banco de Chile realizes an ROE of 21.2%,<a href="https://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/roe.html"> far exceeding the average</a> for U.S. banks. Additionally, it generously rewards shareholders through a 7.2% dividend yield. Analysts view further upside for the share price, carrying an average target of $24.07. This implies a<a href="https://finance.yahoo.com/quote/BCH/analysis/"> 6% potential appreciation</a>.



On the date of publication, Stavros Tousios did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Stavros Tousios, MBA, is the founder and chief analyst at Markets Untold. With expertise in FX, macros, equity analysis, and investment advisory, Stavros delivers investors strategic guidance and valuable insights.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/06/3-high-flying-growth-stocks-ready-to-outpace-the-competition/">3 High-Flying Growth Stocks Ready to Outpace the Competition</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 High-Flying Growth Stocks Ready to Outpace the Competition

Dividend Champion, Contender, And Challenger Highlights: Week Of June 30

PulteGroup Stock: Worthy Of More Upside From Here

How we did on the trades we exited this week.

Exits - Saturday, July 6

In a report released today, Sam Reid from Wells Fargo maintained a Buy rating on PulteGroup (PHM – Research Report), with a price target of $130.00...

PulteGroup (PHM) Gets a Buy from Wells Fargo

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Press Releases

PulteGroup Announces Quarterly Cash Dividend of $0.20 Per Share

PulteGroup's Presentation at the J.P. Morgan 17th Annual Homebuilding & Building Products Conference to be Webcast Live

PulteGroup, Inc. Announces Launch of Tender Offers for Senior Notes

PulteGroup's Second Quarter 2024 Earnings Release and Webcast Conference Call Scheduled for July 23, 2024

PulteGroup, Inc. Announces Early Results of Tender Offers for Senior Notes

PulteGroup, Inc. Announces Pricing for Tender Offers for Senior Notes

Pulte Homes Announce New Townhome and Condo Community in the Heart of Fairfax, Virginia

PulteGroup Continues its Support of Our Nation's Wounded Veterans with the Donation of Three New Mortgage-Free Homes

PulteGroup Breaks Ground on New Master-Planned Ryehill Communities in Sugar Land

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