PulteGroup Shares Rally 3.56%, Despite Rough Trading Session on Wall Street
August 12, 2023
☀️Trending News
PULTEGROUP ($NYSE:PHM): Friday was a rough day for many stocks on Wall Street, but PulteGroup Inc. managed to buck the trend. The home construction giant’s stock price rose 3.56%, closing at $84.35. This was a much better result than the S&P 500 Index, which experienced a generally difficult day of trading. PulteGroup Inc. is a homebuilding company headquartered in Atlanta, Georgia, and is one of the United States’ largest homebuilders.
It designs, builds, and sells single-family detached and attached homes, townhomes, and condominiums in the United States. Its products range from low-priced entry-level homes to luxury homes for the more affluent buyer.
Analysis
At GoodWhale, we are committed to helping investors make informed decisions about their investments. When it comes to PULTEGROUP, we have conducted a thorough analysis of its fundamentals and determined that it is a medium risk investment in terms of financial and business aspects. In our analysis, we identified two risk warnings in the income sheet and balance sheet of PULTEGROUP, which can be further investigated for better understanding of potential risks associated with this investment. To gain access to this information, simply register on our website and take advantage of our comprehensive risk analysis tool. We believe that being well-informed is key to making smart investments, and our analysis of PULTEGROUP’s fundamentals is designed to give investors the best possible insight into the potential risks associated with this investment. With the help of GoodWhale, you can make a more informed decision about your investments. PulteGroup_Shares_Rally_3.56_Despite_Rough_Trading_Session_on_Wall_Street”>More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Pultegroup. PulteGroup_Shares_Rally_3.56_Despite_Rough_Trading_Session_on_Wall_Street”>More…
| Total Revenues | Net Income | Net Margin |
| 16.96k | 2.75k | 16.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Pultegroup. PulteGroup_Shares_Rally_3.56_Despite_Rough_Trading_Session_on_Wall_Street”>More…
| Operations | Investing | Financing |
| 2.02k | -102.6 | -868.43 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Pultegroup. PulteGroup_Shares_Rally_3.56_Despite_Rough_Trading_Session_on_Wall_Street”>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 15.23k | 5.52k | 44.14 |
Key Ratios Snapshot
Some of the financial key ratios for Pultegroup are shown below. PulteGroup_Shares_Rally_3.56_Despite_Rough_Trading_Session_on_Wall_Street”>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 16.9% | 32.7% | 21.4% |
| FCF Margin | ROE | ROA |
| 11.3% | 23.9% | 14.9% |
Peers
PulteGroup Inc is one of the largest homebuilders in the United States. The company’s competitors include D.R. Horton Inc, Lennar Corp, and Beazer Homes USA Inc.
– D.R. Horton Inc ($NYSE:DHI)
D.R. Horton Inc is a homebuilding company that operates in 84 markets across 26 states in the United States. The company is engaged in the construction and sale of single-family detached homes, townhomes, and condominiums. It also provides mortgage financing and title services for homebuyers through its subsidiaries. As of March 31, 2021, the company had a market capitalization of $26.2 billion and a return on equity of 25.97%.
D.R. Horton was founded in 1978 and is headquartered in Fort Worth, Texas. The company operates through its Homebuilding and Financial Services segments. The Homebuilding segment acquires and develops land, and constructs and sells homes in 27 states across the United States. The Financial Services segment provides mortgage financing, title insurance, and closing services for homebuyers in its homebuilding markets.
– Lennar Corp ($NYSE:LEN)
Lennar Corp is a leading homebuilder in the United States. The company has a market capitalization of $22.33 billion as of 2022 and a return on equity of 18.78%. Lennar Corp is engaged in the business of homebuilding, land development, and related activities through its subsidiaries. The company builds and sells a variety of homes, including single-family detached homes, townhomes, and condominiums. It also provides a range of homebuilding-related financial services, such as mortgage financing, title insurance, and home warranty services.
– Beazer Homes USA Inc ($NYSE:BZH)
Beazer Homes USA Inc is a homebuilding company that operates in the United States. The company is engaged in the design, construction, and sale of single-family homes. As of 2022, Beazer Homes USA Inc had a market capitalization of $345.59 million and a return on equity of 15.8%. The company’s primary business is the construction and sale of single-family homes. Beazer Homes USA Inc also engages in the construction of multi-family homes and the development of land for homebuilding.
Summary
Investors responded positively to PulteGroup Inc. Friday, driving up shares of the homebuilder 3.56% to $84.35, despite a generally bearish day for the overall market. Analysts point to the recent strength in housing activity as an indicator of the company’s positive performance. PulteGroup has benefited from low mortgage rates and increasing consumer confidence in the housing market; the company has seen a steady rise in sales of new homes, as well as higher average sales prices of their homes. Analysts predict continued growth for the company, particularly in the near term.
Related Posts
Recent Posts
