Truman Patterson

PulteGroup Inc. (NYSE: PHM), under the leadership of CEO Ryan Marshall, has ousted a second executive. Wolfe Research now expects the company to generate an operating cash flow of more than $2.3 billion in 2023, on a market cap of merely $12.5 billion. That should drive a net cash position of $2...

U.S. President Donald Trump was officially impeached by the House of Representatives on Wednesday night. Fortunately for investors, the market doesn’t seem to mind. The S&P 500 is making new all-time highs this week, and the SPDR S&P 500 ETF Trust (NYSE: SPY) opened slightly higher on...

Industry checks indicate that Owens Corning (NYSE: OC) has initiated an 8% residential insulation price hike in the US for both loose-fill and batt and roll, effective Jan. 13, 2020, while consensus estimates do not seem to incorporate this, according to Wells Fargo. The Analyst Wells Fargo’s...

Mohawk Industries, Inc. (NYSE: MHK) faces a significant inventory buildup in the industry, which could continue to warrant production curtailments and result in margin pressures, according to Wells Fargo. The Analyst Wells Fargo’s Truman Patterson downgraded Mohawk Industries from Market...

Sell-side analysts remained bullish on Lennar Corporation (NYSE: LEN) after the homebuilder beat estimates in the third quarter, and sent signals that homebuyers aren't yet worried about a downturn. Lennar reported diluted third-quarter earnings of $1.59 per share, beating the consensus...

Toll Brothers Inc (NYSE: TOL) reported a top-and-bottom-line beat in its fiscal third-quarter on Tuesday. The luxury homebuilder followed up with encouraging commentary on the fiscal fourth quarter. Here's how some of the Street's top analysts reacted to the print. The Analysts Wells...

Although competition remains intense in the flooring industry and the demand outlook continues to deteriorate, the pullback in Mohawk Industries, Inc’s (NYSE: MHK) shares since July have rendered the stock valuation below historical averages, according to Wells Fargo. The Analyst Wells Fargo...

Mohawk Industries, Inc. (NYSE: MHK) faces intensifying competition despite softening demand in its end markets, and this could lead to production curtailments and inventory corrections, according to Wells Fargo. The Analyst Truman Patterson downgraded Mohawk Industries from Market Perform to...

The bullish case for residential lot development company Forestar Group Inc. (NYSE: FOR) is based on a "clear path" to delivering a 54% compounded annual EPS growth rate over the next two years, according to Wells Fargo. The Analyst Wells Fargo's Truman Patterson initiated coverage of...