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Housing Shares Spike - Homebuilding Stocks on a 52-week Low

July 30, 2013 | About:
Sally Jones

Sally Jones

49 followers
Is there a housing shortage on the horizon or too much inventory? In the crossfire of contradictory housing data, the bears and bulls remain in disagreement over a possible recovery in the home building sector. However, housing share prices did bounce briefly this morning from the small burst of good news that new home sales of 330,000 are marginally higher than the 310,000 anticipated for June, according to CNN. Here’s a look at the 52-week low stocks in the home building and construction sector and the billionaire gurus who are holding them.

Industry Sector: Homebuilding and Construction

This week the home building and construction industry sector lists only two stocks on a 52-week low out of 16 stocks. The low ratio is 0.06.

Highlight: M.D.C. Holdings Inc. (MDC) – Yield 1.60%

The current MDC share price is $31.13, or 26.6% off the 52-week high of $42.41.

Down 2% over 12 months, MDC has a market cap of $1.52 billion, and trades at a P/E of 18.30 and a P/B of 1.70.

Company: M.D.C. Holdings Inc. (MDC) was incorporated in Colorado in 1972, operating in both home building and financial services. Its home building operations consist of wholly owned subsidiary companies that generally purchase finished lots for the construction and sale of single-family detached homes to first-time and first-time move-up homebuyers under the name Richmond American Homes.

Guru Owners: The top Guru owner is currently Jim Simons with 611,753 shares as of May 31, 2013. Chuck Royce, John Buckingham, Paul Tudor Jones and Steven Cohen also hold shares. Arnold Van Den Berg sold out at the end of second quarter 2013.



Historical pricing:

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Highlight: Homex Development Corp. (HXM) – Yield 0%

The current HXM share price is $1.28, or 91.4% off the 52-week high of $14.96.

Down 90% since January, HXM has a market cap of $107 million, and trades at a P/E of 1.10 and a P/B of 0.20.

Company: Homex Development Corp. (HXM) is a home construction company based in Mexico, tracing its origins back to 1989. Read the GuruFocus update on Homex Development.

Guru Owners: The top Guru owner is currently Charles Brandes with 804,219 shares as of May 31, 2013. Chuck Royce and Jeremy Grantham also hold shares of HXM. Guru Jim Simon sold out at the end of first quarter 2013.



Historical pricing:

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GuruFocus Real Time Picks reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only.

Check out the GuruFocus special feature 52-week low screener to find the stocks hitting new lows but are still held by top investor Gurus and Insiders.



About the author:

Sally Jones
Sally Jones writes about Real Time Picks. She says, "I truly enjoy watching the Gurus in realtime and telling their story."

Rating: 3.2/5 (5 votes)

Comments

chenvschen
Chenvschen premium member - 1 year ago
HXM price looks very attractive, But looking into the income statement. wow Accounting irregularity. Has HXM accounting firm "cooked the books"? Can any Pro. give some advice or hint? thanks
fekafiemd
Fekafiemd premium member - 1 year ago
agree,

I have a position in HXM (my gambling 10% of portfolio), but hard to discern viability of company in 3 years, unless debt is re-structured, CX did this a few years ago and now is back with a vengeance. Youtube videos on HXM are misleading and hard to know what the "real story is." I doubt they will go out of business, but one never knows...

Please leave your comment:


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