{
}
Hager Investment Management Services LLC, R Squared Ltd, and JNBA Financial Advisors recently acquired stakes in PulteGroup, contributing to 89.90% institutional ownership. UBS Group raised its price target for PulteGroup to $151, indicating a potential upside, while analysts maintain a "Moderate Buy" rating with a consensus target of $140.86. The company reported strong earnings, beating estimates, and initiated a $1.50 billion stock buyback program, signaling confidence in its valuation.
Trustmark National Bank Trust Department increased its PulteGroup holdings by 39.8% in Q3, while Systematic Financial Management LP and New Millennium Group LLC also raised their stakes significantly. Institutional investors own 89.90% of the company, which specializes in homebuilding across the U.S. Analysts have mixed ratings on PulteGroup, with a consensus "Moderate Buy" and a target price of $141.71, despite recent price target adjustments from various firms.
US homebuilder sentiment is notably negative amid a cold winter, with stocks down significantly in late 2022. Despite rising mortgage rates and affordability issues, UBS analysts see strong housing fundamentals and potential investment opportunities, particularly for public builders poised to gain market share. Elevated incentive activity may impact margins, but valuations are considered undemanding, suggesting potential for strong shareholder returns in the long term.
Stocks reached new highs on Monday, with 99 S&P 500 stocks hitting peaks and the Russell 2000 up 11% in November. Key reports on home prices and new home sales are expected Tuesday, while software stocks, led by AppLovin and Palantir, show significant gains since the election. Retailers like Burlington and Dick’s Sporting Goods are set to report earnings, with mixed performance noted in the sector.
Major U.S. stock indices reached all-time highs on Wednesday, with the Russell 2000 up 5.84%, the Dow Jones up 3.57%, and the Nasdaq up 2.95%. Financials led the sector gains, rising 6.16%, while real estate and consumer staples saw declines. Key earnings reports are expected from Duke Energy and Datadog, with notable movements in housing stocks like Lennar and D.R. Horton.
The Nasdaq Composite reached a new high, with notable stock movements including a 1.2% rise for Microsoft and a 27% increase for Meta Platforms over the past three months. Advanced Micro Devices saw a 7% drop in after-hours trading despite a strong earnings report, while Eli Lilly and other pharma companies are set to report soon. Homebuilders are struggling, with the SPDR S&P Homebuilders ETF down 8.6% since mid-October, reflecting rising yields impacting the sector.
PulteGroup, Inc. is a leading American company in the construction and sale of single-family homes, with 97.1% of its net sales coming from this segment. In 2023, the company sold 9,508 units, while financial services contributed 2% and other sources, mainly land sales, accounted for 0.9%. All sales are generated within the United States.
PulteGroup, Inc.
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
pultegroup sees increased institutional investment and analyst price target adjustments
20:31 01.02.2025
pultegroup sees significant institutional investment and mixed analyst ratings
Barclays PLC
UBS Group AG
The Goldman Sachs Group, Inc.
Bank of America Corporation
PulteGroup, Inc.
Citigroup Inc.
USA
Show more
15:25 01.02.2025
us homebuilder sentiment declines as mortgage rates rise amid winter challenges
15:20 15.01.2025
market highlights as stocks reach new highs and key data releases await
PulteGroup, Inc.
Palantir
D.R. Horton, Inc.
Microsoft Corporation
Clear Secure, Inc.
Asana, Inc.
Roblox Corporation
Toll Brothers, Inc.
DICK'S Sporting Goods, Inc.
Burlington Stores, Inc.
Zeta Global Holdings Corp.
Best Buy Co., Inc.
Kohl’s
MANU
Taylor Morrison Home Corporation
AppLovin Corporation
Elon Musk
Seema Mody
Donald Trump
Brad Gerstner
Nick Wells
Scott Wapner
Diana Olick
Show more
01:47 26.11.2024
stocks surge to record highs as financials lead market rally
Lyft, Inc.
Lennar Corporation
Aramark
Cloudflare, Inc.
The Carlyle Group Inc.
Duke Energy Corporation
PulteGroup, Inc.
Hershey
Taylor Morrison Home Corporation
KB Home
D.R. Horton, Inc.
Datadog, Inc.
David Risher
Diana Olick
Rene Haas
Show more
00:57 07.11.2024
market movers stocks to watch as earnings reports approach
Armenian Dram
D.R. Horton, Inc.
Advanced Micro Devices, Inc.
PulteGroup, Inc.
Biogen Inc.
AbbVie Inc.
Amgen Inc.
Lennar Corporation
GSK
Eli Lilly and Company
Meta Platforms, Inc.
KB Home
Toll Brothers, Inc.
Microsoft Corporation
Caterpillar Inc.
USA
Lisa Su
Jim Cramer
D.R. Horton
Show more
01:30 30.10.2024
PulteGroup reports strong single-family home sales in 2023
17:55 23.10.2024
Trending
Subcategory
Stock Market Updates
Corporate News
Industry Trends
Global Trade Developments
Global Financial Events
Central Bank Actions
Banking Regulations
Retail and Consumer Goods
Startups & Entrepreneurship
Finance Mergers & Acquisitions
Government Economic Policies
Inflation and Monetary Impact
Industry Mergers & Acquisitions
CEO Changes
Domestic Politics
Market Analysis and Predictions
Government Policies
Workplace Trends
GDP Growth & Recession Forecasts
Supply Chain Management
Countries:
Companies:
Tesla, Inc.
Apple Inc.
Barclays PLC
JPMorgan Chase & Co.
Deutsche Bank Money Market PP
Credit Suisse Strategic Income I
The Goldman Sachs Group, Inc.
SpaceXCoin USD
Berkshire Hathaway Inc.
Bank of America Corporation
UBS Group AG
BNP Paribas SA
Banco Santander, S.A.
Lloyds Banking Group plc
Bank Frick AG
Morgan Stanley
NVIDIA Corporation
Jenoptik AG
Air France-KLM
Citigroup Inc.
Currencies:
United States Dollar
Euro
Swiss Franc
Japanese Yen
British Pound Sterling
Indian Rupee
Chinese Yuan
South Korean Won
Canadian Dollar
Vietnamese Đồng
Australian Dollar
Thai Baht
Indonesian Rupiah
Singapore Dollar
Mexican Peso
Hong Kong Dollar
Offshore Chinese Yuan
New Zealand Dollar
Cambodian Riel
Myanmar Kyat
People: