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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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April 24, 2015
09:39 EDTPHMPulteGroup upgraded to Buy from Hold at Zelman
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09:07 EDTPHMSusquehanna keeps Positive rating on PulteGroup despite Q1 shortfall
Susquehanna maintained its Positive rating on PulteGroup following the company's Q1 miss, which the company blamed on construction delays that pushed deliveries into the second half of the year. The firm noted that the company retained its full year guidance and expects gross margins off 23%. Susquehanna is tweaking its estimates to reflect cost pressures and limited pricing power, but maintained its $26 price target on PulteGroup shares.
April 23, 2015
09:58 EDTPHMPulteGroup falls after earnings miss, levels to watch
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09:18 EDTPHMOn The Fly: Pre-market Movers
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06:32 EDTPHMPulteGroup reports Q1 EPS 15c, consensus 20c
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April 22, 2015
15:50 EDTPHMNotable companies reporting before tomorrow's open
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