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Stock Market & Financial Investment News

News Breaks
January 31, 2013
06:41 EDTPHMPulteGroup authorizes additional $250M per year investment in land development
"We now look ahead to 2013 with expectations for a continued rebound in U.S. housing driven by record low interest rates, higher rent vs. own costs, rising home prices and sharply lower overall housing inventory. Given this expectation, and consistent with our focus on improving long-term returns, we have authorized an additional $250M per year of investment in land and related development in 2013 and 2014. This incremental investment, which will raise planned land spend for each year to approximately $1.2B, will be made using the same disciplined capital investment process we established 18 months ago. The incremental investment is expected to provide additional land resources for use primarily in 2014 and beyond." said Richard J. Dugas, Jr., chairman, president and CEO of PulteGroup.
News For PHM From The Last 14 Days
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September 15, 2014
14:18 EDTPHMPulteGroup names Manish Shrivastava as Chief Marketing Officer
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September 9, 2014
10:25 EDTPHMGundlach sees homebuilder stocks continuing to disappoint
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10:10 EDTPHMOn the Fly: Analyst Upgrade Summary
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05:46 EDTPHMPulteGroup upgraded to Neutral from Underweight at JPMorgan
JPMorgan upgraded PulteGroup to Neutral citing valuation and raised its price target for shares to $22 from $19.

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