Tri Pointe Homes, Inc. (NYSE:TPH) Q1 2024 Earnings Conference Call April 25, 2024 10:00 AM ET Company Participants David Lee – General Counsel and SecretaryDoug Bauer – Chief Executive OfficerGlenn Keeler – Chief Financial Officer and Chief Accounting OfficerLinda Mamet – Chief Marketing OfficerTom Mitchell – President and Chief Operating Officer Conference Call Participants Stephen…
The Good Brigade/DigitalVision via Getty Images One of the things that I love most about home building companies is that they tend to provide plenty of financial metrics that show not only where they are today, but also where they seem to be headed. When you pair this up with economic data and make sure…
jhorrocks Introduction LGI Homes (NASDAQ:LGIH) has seen a relatively good amount of share price volatility over the past 12 months going from low-$100/share to over $130/share down to mid-$80/share, back up to over $130/share, and now down to mid-$90/share. I can’t say I’m totally surprised – my casual observations have been that homebuilders are more…
sculpies/iStock via Getty Images I have the most success in the stock market finding beaten down companies with significantly improved situations that haven’t been recognized yet by investors. I call them turnarounds. Beazer Homes USA, Inc. (NYSE:BZH) is a prime example. Unlike a lot of the turnarounds I invest in, the turnaround here is mostly…
PixelsEffect The seasonally adjusted annual rate of sales of existing single-family houses, condos, and co-ops rose 9.5% in February from January, but that increase was smaller than the increase in February 2023 (+11.5%), and so the annual rate of sales at 4.38 million homes, was still down 3.3% from the already collapsed levels of February…
monkeybusinessimages/iStock via Getty Images American Homes 4 Rent (NYSE:AMH) is, in my opinion, the premier single-family rental (“SFR”) REIT. It boasts multiple growth channels, including acquisitions, home rehabs, and its own internal, ground-up development platform. AMH is a top 40 homebuilder in the US, delivering 2,000+ new, high-quality rental homes into its portfolio annually. With…
Grace Cary/Moment via Getty Images Summary The shares have been largely rangebound since our initial report on Invitation Homes (NYSE:INVH). The shares barely registered to an in-line Q4 ’23 earnings report and are now trading slightly below where we gave our Sell rating. This report provides our thoughts on the quarter, revised valuation, and outlook…
jane/iStock via Getty Images Shares of Smith Douglas Homes (NYSE:SDHC) have seen a successful public debut, as an unprecedented decline in interest rates in the final quarter of 2023 provided a window of opportunity to go public. Shares of Smith were priced at the higher end of the preliminary offering range and have seen decent…
onurdongel Introduction Dream Finders Homes (NYSE:DFH) – with a trusted brand, an asset-light business model, and a focus on expanding into new markets, DFH is well-positioned to capture market share and generate solid returns for investors. Despite the industry’s cyclical nature and tough competition, DFH has maintained a high ROE and is seeking to reduce…
sanfel Introduction LGI Homes, Inc (NASDAQ:LGIH) gained 6.3% after reporting earnings the morning of October 31. The timing was fortuitous. The good news of a return to pre-pandemic margin levels coincided with the beginning of the period of seasonal strength for the stocks of home builders which in turn is riding the coattails of a…
ferrantraite Introduction I’ve been following U.S. residential homebuilder Landsea Homes (NASDAQ: LSEA) closely and I’ve written six articles about the company on SA so far. The latest of them was in August 2023 and in it I said that the Q2 2023 results were strong but that the Q3 2023 guidance looked weak. On November…
Hispanolistic Preamble It goes without saying, that many people are in the fortunate position of having property that they can rent out to get an income in their twilight years. There is also the positive benefit of capital appreciation through rising property prices. For those who’d rather forgo the problems associated with any drama associated…
The Web3 platform ZTX achieved a record-breaking sale of 4,000 Genesis Homes NFTs, showcasing enthusiasm for the metaverse despite a bearish NFT market. The Web3 platform focused on the metaverse ZTX backed by Jump Crypto, achieved a record-breaking sale of its inaugural collection of 4,000 Genesis Homes NFTs, despite the current bearish NFT market. According…
AlenaMozhjer Investment thesis From 2005 to 2022, there was a 0.71 correlation between the homes delivered by M/I Homes, Inc. (MHO) (M/I) and Housing Starts. Housing Starts are cyclical making M/I a cyclical company. M/I revenue grew at 8 % CAGR during the last peak-to-peak Housing Starts cycle. About 1/3 of this was driven by…
Beazer Homes USA, Inc. (NYSE:BZH) Q3 2023 Earnings Conference Call July 27, 2023 5:00 PM ET Company Participants David Goldberg – Senior Vice President and CFO Allan Merrill – Chairman and CEO Conference Call Participants Alan Ratner – Zelman & Associates Alex Rygiel – B. Riley Securities Jay McCanless – Wedbush Julio Romero – Sidoti…