LATEST  RESEARCH REPORT

PulteGroup (PHM)

PulteGroup has been buying land and building houses on that land for over 70 years. The company has survived 11 recessions…most notably the 2008-2009 real estate crisis.

Since then, the company has been thriving. PulteGroup’s earnings have improved in 13 out of the last 14 years. The only year when earnings were worse than the previous year was in 2019 when profits declined by a mere 0.59%. Overall, earnings have grown by over 20% on an annualized basis for the past 10 years.

The company’s stock has responded accordingly. PVH has been hitting new all-time highs on a regular basis.

Despite this spectacular performance, PVH remains surprisingly reasonably priced. The stock’s earnings yield (earnings/market cap) remains over 10%. Earnings are expected to increase not only in 2024 but in 2025 as well.

A double-digit earnings yield, 20% earnings growth and a stock hitting all-time highs all adds up to an excellent investment opportunity.
Neil Jesani CFP, Andrew Constantinides IAR, Jacob McCue CFA, Michael Foulkes, Christopher Rose, Nikhil Khandelwal CFA, Sofiya Shoiab Esq.
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