What is PulteGroup Inc?
, through its subsidiaries, engages in the homebuilding business in the United States.
The story behind the price, the case for and against, and what could go wrong. Open a part to read it.
, through its subsidiaries, engages in the homebuilding business in the United States. The company is involved in the acquisition and development of land primarily for residential purposes, as well as construction of housing; and sale of single-family detached homes; and attached homes, such as townhomes, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, and John Wieland Homes and Neighborhoods brands. The company is listed on the NYSE in USA, operating in the Consumer Cyclical sector, with a market capitalisation of 21.36B, and a P/E ratio of 11.4x.
A short list of Residential Construction names that are close enough in size to make side-by-side comparison useful.
| Shares sold | Shares bought | |
|---|---|---|
| 0-3months | 0 | 0 |
| 3-6months | 0 | 0 |
| 6-9months | 5149,952 shares $20.2M | 0 |
| 9-12months | 0 | 0 |
Openbook research
The 30-year mortgage reached 7.40% on a seventh straight weekly rise. PulteGroup funds it with incentives at 10.4% of price on a 25.0% margin.
The 30-year fixed mortgage reached 6.76%, a 15-month high, with the Fed now debating a hike. For D.R. Horton the cost lands in margin, not in closings.