5 Best Housing Stocks To Buy In 2022

Page 1 of 5

In this article, we discuss 5 best housing stocks to buy in 2022. If you want our detailed analysis of these stocks, go directly to 11 Best Housing Stocks To Buy In 2022

5. PulteGroup, Inc. (NYSE:PHM)

Number of Hedge Fund Holders: 35

PulteGroup, Inc. (NYSE:PHM) is a leading American home construction company. In the third quarter of 2021, 35 hedge funds were bullish on PulteGroup, Inc. (NYSE:PHM), with stakes totalling $771.75 million, as compared to 34 funds in the quarter earlier, with stakes in PulteGroup, Inc. (NYSE:PHM) worth $948.5 million. 

On February 1, PulteGroup, Inc. (NYSE:PHM) reported its Q4 results, posting an EPS of $2.61, beating estimates by $0.28. Revenue for the quarter jumped 36.53% year-on-year to $4.36 billion, surpassing consensus estimates by approximately $163 million. 

UBS analyst John Lovallo upgraded PulteGroup, Inc. (NYSE:PHM) on February 3 to Buy from Neutral with a price target of $70, up from $63. The stock’s current valuation more than reflects the potential for moderating industry growth and peak earnings in 2022, the analyst told investors in a research note. He believes PulteGroup, Inc. (NYSE:PHM)’s risk/reward is “decidedly favorable at these levels”.

Among the hedge funds tracked by Insider Monkey, AQR Capital Management held the biggest PulteGroup, Inc. (NYSE:PHM) stake in Q3 2021, with more than 3 million shares worth $143.3 million. 

Page 1 of 5