Pultegroup Inc (NYSE:PHM) is among the best homebuilder stocks to buy according to hedge funds. On March 2, PulteGroup (NYSE:PHM) outlined its strategic priorities during the 47th Annual Raymond James Institutional Investor Conference.
At that event, Jim Ossowski, the CFO of PulteGroup, focused on strategic land management. He took the opportunity to highlight how Pultegroup approaches land management with discipline. The executive also discussed the company’s strategic segmentation and efficient cash allocation.
In the end, Ossowski projected Pultegroup as a company that applies disciplined land underwriting and prudent cash allocation in order to maximize returns on equity and maintain a strong balance sheet. Also, it became clear from Ossowski’s presentation that Pultegroup remains strong in key markets like Florida, and that California and Texas remain challenging markets.
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In other news, Pultegroup Inc (NYSE:PHM) announced on February 20 that it had completed an offering of $800 million notes. These are senior unsecured notes offered in two series. The first series is $400 million of notes offered at an interest of 4.25% and maturing in 2031. The second series is $400 million of notes at an interest rate of 4.9% and due 2036.
PulteGroup, Inc. (NYSE:PHM) is one of the largest homebuilding companies in America. It’s based in Atlanta, Georgia, and serves more than 45 markets throughout the US and caters to diverse groups of buyers. It operates through a portfolio of brands, including Pulte Homes, DiVosta Homes, John Wieland Homes, Neighborhoods, Centex, and Del Webb.
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