Today we are going to learn about the 5 best housing/homebuilder stocks to buy now, based on Insider Monkey’s latest article. O’Hara published a chart that shows the S&P 1500 Homebuilders Index versus the XHB, in which he says the housing stocks recently outperformed the builders. There are companies that are going to break out, such as Tempur Sealy International Inc, Floor & Decor Holdings Inc and Terex Corporation.
And what are the best housing, home builder stocks to buy now? Keep up reading, as we have picked up three comapnies from Insider Monkey’s list. Carrier Global Corporation stands on the fifth spot, with having 49 hedge funds, and a total value of hedge fund holdings of $1.9 billion. Its shares grow triple since April, 2020, while its parent company’s shares have seen flat results. D.R. Horton, Inc. stands on the third spot with having 62 hedge funds, and a total value of hedge fund holdings of $2.4 billion. DHI is Mark Tepper’s top homebuilder pick. This stocks is a very good choice for first-time buyers, as it meets the three most important trend criteria mentioned by Tepper. “The number one thing you need when you build a house is the land to build it on and D.R. Horton’s land strategy really helps them,”. The Home Depot, Inc. stands on the second spot of the compilation, with having 73 hedge funds, and a total value of hedge fund holdings of $4.96 billion. In March its shares saw a significant decrease, but investors experienced it was only a temporary condition, as people under the period of self-isolation, started to rebuild and renovate their homes, so investors could benefit from the pandemic-stricken situation. Consequently, The Home Depot shares increased fast, above $290. According to Insider Monkey “in September Oppenheimer’s Brian Nagel said that HD and LOW are due for a post-pandemic reset after their recent sales surge. His firm lowered its price target for Home Depot and Lowe’s and changed their ratings to perform from outperform. Home Depot’s price target was lowered to $305 from $320 and Lowe’s to $180 from $185. Since then LOW performed better than HD, but both stocks underperformed the market.” For more detailed information about theses stocks, please click and jump to the best housing/homebuilder stocks to buy now.