The Zacks Analyst Blog Highlights:PulteGroup, Meritage Homes, MDC Holdings,
Ryland Group and NVR
CHICAGO, Jan. 21, 2013
CHICAGO, Jan. 21, 2013 /PRNewswire/ -- Zacks.com announces the list of stocks
featured in the Analyst Blog. Every day the Zacks Equity Research analysts
discuss the latest news and events impacting stocks and the financial markets.
Stocks recently featured in the blog include PulteGroup Inc. (NYSE:PHM),
Meritage Homes Corporation (NYSE:MTH), MDC Holdings Inc. (NYSE:MDC), The
Ryland Group, Inc. (NYSE:RYL) and NVR, Inc (NYSE:NVR).
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Here are highlights from Friday's Analyst Blog:
PulteGroup Hits 52-Week High
One of the leading homebuilders in the U.S, PulteGroup Inc. (NYSE:PHM) reached
a 52-week high of $20.54 on Jan 17, 2013.
PulteGroup, on the back of its significant land positions, broad geographic
and product diversity, and better capital position, is gaining momentum from
the fast improving housing fundamentals. With the housing recovery, there has
been a drop in inventory levels and an increase in home prices.
PulteGroup has been witnessing increasing earnings estimates, before the
release of its fourth quarter 2012 earnings. The upward movements of the
estimates reflect rising expectations for significantly higher year-over-year
earnings growth rates in fiscal 2012 and 2013. The long-term expected earnings
growth rate for this stock is 10.00%.
Pulte has witnessed solid year-over-year growth in new home orders, average
selling prices and home closings for the past two quarters. Margins have also
been healthy, driven by pricing benefits, operating efficiency improvement
initiatives and a better mix of sales, particularly of move-up homes.
Pulte has delivered positive earnings surprises in three of the past four
quarters with an impressive average earnings surprise of 77.5% in the trailing
We are encouraged by Pulte's solid third quarter results and bullish growth
projection for the upcoming quarters, backed by gradually recovering
Other Stocks to Consider
With the housing market recovering steadily, many other stocks in the
homebuilding sector are currently performing well. These include Meritage
Homes Corporation (NYSE:MTH) and MDC Holdings Inc. (NYSE:MDC) both with
Zacks Rank #1(Strong Buy) and The Ryland Group, Inc. (NYSE:RYL) and NVR, Inc
(NYSE:NVR) both having a Zacks Rank #2 (Buy).
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