Pulte Homes Inc (PHM-N)

(A Top Pick Nov 23/23, Up 34.7%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with PHM has triggered its stop at $109.  To remain disciplined, we recommend covering the position at this time.  This will result in a net investment gain of 36% when combined with the previous buy recommendations.  

(A Top Pick Nov 09/23, Up 42.7%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with PHM is progressing well.  To remain disciplined, we recommend trailing up the stop (from $100) to $109 at this time.  

(A Top Pick Nov 09/23, Up 39.5%)Stockchase Research Editor: Michael O’Reilly

Our PAST TOP PICK with PHM is progressing well.  To be disciplined, we recommend trailing up the stop to $100 at this tIme.

(A Top Pick Nov 09/23, Up 32.8%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with PHM is progressing well.  To remain disciplined, we recommend trailing up the stop (from $82) to $94 at this time.  

(A Top Pick Nov 09/23, Up 30%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with PHM is progressing well.  To remain disciplined, we recommend trailing up the stop (from $75) to $82 at this time.  

(A Top Pick Nov 09/23, Up 18.6%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with PHM has achieved its target at $96.  To remain disciplined, we recommend covering half the position at this time and trailing up the stop (from $69) to $75.  

Stockchase Research Editor: Michael O'Reilly

We reiterate PHM as a TOP PICK.  Recently reported earnings indicated a 43% increase in orders, which helped beat earnings expectations.  It trades at 8x earnings, under 2x book and supports a 30% ROE.  We like that cash reserves are growing, while debt is retired and shares bought back.  We recommend trailing up the stop (from $65) to $69, looking to achieve $96 -- upside potential of 17%.  Yield 0.7%

(Analysts’ price target is $95.47)

Stockchase Research Editor: Michael O'Reilly

The US homebuilder saw a 24% increase in new orders over the year and 2nd quarter revenues were up 8% to over $4 billion.  It trades at 7x earnings, 1.7x book and supports a 31% ROE.  We like that cash reserves are growing, while debt is aggressively retired and shares bought back.  We recommend a stop-loss at $65, looking to achieve $97 -- upside potential of 23%.  Yield 0.8%  

(Analysts’ price target is $97.27)

(A Top Pick Jan 04/22, Down 12.2%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with PHM has triggered its stop at $50. To remain disciplined, we recommend covering the position at this time. When combined with the previous buy recommendation, this will result in a net investment loss of 3%.

Stockchase Research Editor: Michael O'Reilly We again reiterate PHM as a TOP PICK. With 2021 leaving many market analysts concerned about the lack of housing inventory, this well diversified US home builder should continue to see good headwinds. It is trading at 9x earnings, compared to peers at 17x and valued at just over 2x book. We like that it has been reducing debt and buying back shares. It pays a small (but growing -- up 50% over the past 4 years) dividend that is backed by an payout ratio under 10% of cash flow. We recommend trailing up the stop from ($46) to $50, looking to achieve $66 -- upside over 15%. Yield 1.05% (Analysts’ price target is $65.58)

Stockchase Research Editor: Michael O'Reilly This well diversified US home builder will continue to benefit from 30 year mortgage rates near historic lows -- especially as pandemic driven demand continues. We reiterate it as a TOP PICK. It is trading at 8x earnings, compared to peers at 18x and valued at under 2x book, this is good value. We like that it has been reducing debt and buying back shares. It pays a small (but growing -- up 38% over the past 3 years) dividend that is backed by an payout ratio under 10% of cash flow. We recommend trailing up the stop from ($43.50) to $46.00, looking to achieve $65.50 -- upside over 25%. Yield 1.09% (Analysts’ price target is $65.50)

(A Top Pick Nov 10/20, Up 22.1%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with PHM as achieved its $52 objective. To be disciplined, we recommend covering 50% of the position and trailing up the stop (from $35) to $43.50. This would all but guarantee a return on investment of 12%.