|January 31, 2013|
|06:41 EDT||PHM||PulteGroup 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
Check below for free stories on PHM the last two weeks.
|March 4, 2014|
|10:01 EDT||PHM||On The Fly: Analyst Upgrade Summary|
Abercrombie & Fitch (ANF) upgraded to Outperform from Neutral at Credit Suisse... GrafTech (GTI) upgraded to Buy from Hold at Jefferies... Hilton (HLT) upgraded to Buy from Neutral at Goldman... Magna (MGA) upgraded to Neutral from Sell at Goldman... PulteGroup (PHM) upgraded to Buy from Hold at KeyBanc... SunEdison (SUNE) upgraded to Overweight from Equal Weight at Morgan Stanley... WNS Holdings (WNS) upgraded to Outperform from Neutral at RW Baird... CME Group (CME) upgraded to Buy from Hold at Argus.
|08:24 EDT||PHM||PulteGroup management to meet with UBS|
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|06:34 EDT||PHM||PulteGroup upgraded to Buy from Hold at KeyBanc|
KeyBanc upgraded PulteGroup due to growing earnings and cash flow driven by cost efficiencies. Price target is $26.
|March 3, 2014|
|09:31 EDT||PHM||PulteGroup management to meet with UBS|
Meeting to be held in London on March 3 hosted by UBS.