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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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November 13, 2014
07:18 EDTPHMUBS to hold a conference
Building & Building Products Annual CEO Conference is being held in New York on November 13 with webcasted company presentations to begin at 9:30 am; not all company presentations may be webcasted. Webcast Link
November 10, 2014
10:04 EDTPHMOn The Fly: Analyst Upgrade Summary
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07:51 EDTPHMPulteGroup upgraded at BofA/Merrill
As previously reported, BofA/Merrill upgraded PulteGroup to Buy from Neutral. The firm's checks indicate PulteGroup's order growth is at a positive inflection point and its balanced approach to capital allocation will drive EPS accretion. Price target raised to $25 from $23.
06:09 EDTPHMPulteGroup upgraded to Buy from Neutral at BofA/Merrill
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November 7, 2014
12:10 EDTPHMStocks with call strike movement; NVDA PHM
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