PulteGroup, Inc. (PHM) Social Stream
PulteGroup, Inc. (PHM)
Today's Latest Price: $48.89 USD
1.33 (2.80%)
Updated Jan 22 7:00pm
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Featured Post From StockTwits About PHM
$KBH I see KB Home up over 5% and imagine it would be up more on its earnings/rev beat and stronger 2021 outlook if S&P futures were not working against it. In the sweet spot of starter homes and first time home buyers for those fleeing apartments. $LEN $PHM $TOL $DHI all up marginally pre-market as well. Most important aspect of the breakout potential is that it has had a very tight trading band since mid-November. Wedbush raised its rating to Outperform and set a $44 target price -- KB Home raised prices at 90% of its communities and its sales mix of first time buyers rose to 61% from 53% in the quarter. It also raised unit starts approximately 40% to keep pace with demand. It now believes that return on equity can rise 500 basis points in 2021 vs 2020 to approx. 17% from approx. 12%, driven by pricing power and cost discipline increasing its operating profits.OggInvest, published January 21, 2021
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