PulteGroup Inc (PHM): Today's Featured Materials & Construction Laggard

PulteGroup ( PHM) pushed the Materials & Construction industry lower today making it today's featured Materials & Construction laggard. The industry as a whole closed the day up 2.9%. By the end of trading, PulteGroup fell 9 cents (-0.8%) to $11.48 on average volume. Throughout the day, 12.6 million shares of PulteGroup exchanged hands as compared to its average daily volume of 13.2 million shares. The stock ranged in price between $11.44-$11.88 after having opened the day at $11.80 as compared to the previous trading day's close of $11.57. Other company's within the Materials & Construction industry that declined today were: Guanwei Recycling ( GPRC), down 7.4%, Sharps Compliance Corporation ( SMED), down 4.8%, Jewett-Cameron Trading Company ( JCTCF), down 2.9%, and KB Home ( KBH), down 1.6%.

PulteGroup, Inc., through its subsidiaries, engages in homebuilding and financial services businesses primarily in the United States. PulteGroup has a market cap of $4.24 billion and is part of the industrial goods sector. Shares are up 83.4% year to date as of the close of trading on Thursday. Currently there are four analysts that rate PulteGroup a buy, one analyst rates it a sell, and eight rate it a hold.

TheStreet Ratings rates PulteGroup as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company has not been very careful in the management of its balance sheet.

On the positive front, Griffon Corporation ( GFF), up 18.3%, Gafisa ( GFA), up 14.5%, MasTec ( MTZ), up 13.2%, and Patrick Industries ( PATK), up 11.3%, were all gainers within the materials & construction industry with Sherwin-Williams Company ( SHW) being today's featured materials & construction industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the materials & construction industry could consider SPDR S&P Homebuilders ETF ( XHB) while those bearish on the materials & construction industry could consider ProShares Short Basic Materials Fd ( SBM).
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