PulteGroup Inc. (PHM) Price Targets: What Are They?


The stock of PulteGroup Inc. (NYSE:PHM) increased by $0.43 on Wednesday to $44.16, up 0.98 percent. The last five days have seen an average of 1,411,658 shares of common stock traded. 3 times new highs were reached in the current year, with a fall of -$12.87. The average number of shares traded over the last 20 days was 2,403,294, while the average volume over the last 50 days totaled 2,540,080.

PHM stock appreciated 15.20% since last month. On 11/03/22, the company’s shares reached a one-month low of $37.06. The stock touched a high of $58.09 on 01/13/22, after rallying from a low of $35.03 in 52 weeks. The price of PHM stock has declined by -23.50% or -$12.87 this year, reaching a new high 3 times. Still, the stock price is down -23.98% from the 52-week high.

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Insider Transactions

PHM stock investors should be aware that PulteGroup Inc. (PHM) stock had its last reported insider trading activity 268 days ago on Feb 28. On Feb 28, Exec VP & Chief Operating Ofcr Chadwick John J. sold 15,090 shares at $49.05 each. This transaction resulted in the insider making $740,119.

Valuation Metrics

PulteGroup Inc. (PHM) has a trailing price-to-earnings (P/E) ratio of 4.39. Beta for the stock is 1.27. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.65, the price-to-book (PB) ratio of 1.24.

Company paid $0.15 per share in dividends, remained unchanged from $0.15 last year. A $0.01 dividend increase was reported on Wednesday December 1 2021.

Financial Health

The company’s long-term debt to equity ratio for the quarter ending September 29 is 0.29, and the total debt to equity ratio is 0.33. As far as profitability goes, gross margin for the trailing twelve months is 29.40% percent. PulteGroup Inc.’s operating margin stood at 18.70% for the same period. Based on annual data, it had gross profit of $2.57 billion and revenue of $13.93 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. PHM’s return on assets (ROA) during the last 12 months has been 16.00%. There was a 19.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 28.20%.

Earnings Surprise

According to PulteGroup Inc.’s quarterly financial report for the quarter that ended September 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $3.94 billion, while revenues rose by 11.78% to $3.93 billion. It was predicted that PulteGroup Inc.’s quarterly earnings would be $2.69, but it ended up being $2.82, beating the consensus by -4.60%. EBITDA was $829.82 million for the quarter. At the end of PulteGroup Inc.’s most recent quarter ended September 29, its total debt was $2.81 billion. Equity owned by shareholders amounts to $227.82 million.

Technical Picture

Here’s a quick look at PulteGroup Inc.’s (PHM) price momentum from a technical perspective. As of 22 November, the RSI 9-day stood at 66.04%, suggesting the stock is Neutral, with a 34.56% historical volatility rate.

The stochastic %K and %D were 82.12% and 76.82% respectively, while the average true range (ATR) was 1.56. Based on the 14-day stochastic reading of 92.37%, the RSI (14) reading is 62.62%. On the 9-day MACD Oscillator, the stock is at 0.11, and the 14-day reading is at 1.44.

Analyst Ratings

PulteGroup Inc. (NYSE: PHM) was downgraded by Raymond James to a a Mkt perform rating in its latest research report. The stock was previously rated as a a Strong buy. Analysts have assigned PulteGroup Inc. (PHM) an Overweight rating. PHM is a stock that is recommended for selling by 0 brokerage firms, while 7 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 7 others recommend it as a buy.

What is PHM’s price target for the next 12 months?

The current consensus forecast for the stock is between $41.00 and $65.00, with a median target price of $49.50. In analyzing these forecasts, the average price target given by analysts for PulteGroup Inc. (PHM) is $50.92.


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