How Have PulteGroup Inc. (PHM) Insiders Been Trading?

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PulteGroup Inc. (NYSE:PHM) finished Wednesday with a subtraction of -$0.98 to close at $44.89, a downside of -2.14 percent. An average of 1,175,580 shares of common stock have been traded in the last five days. There was a gain of $0.11 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 2,154,325 shares traded, while the 50-day average volume stands at 2,399,148.

PHM stock has increased by 2.44% in the last month. The company shares reached their 1-month lowest point of $42.78 on 12/06/22. With the stock rallying to its 52-week high on 01/13/22, shares of the company touched a low of $35.03 and a high of $58.09 in 52 weeks. It has reached a new high 3 times so far this year and lost -21.47% or -$12.27 in price. In spite of this, the price is down -22.72% 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 304 days ago on Feb 28.

Valuation Metrics

PulteGroup Inc. (PHM) has a trailing price-to-earnings (P/E) ratio of 4.51. The stock’s beta is 1.24. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.67, the price-to-book (PB) ratio at 1.27.

The company has a payout ratio of 6.50%. The company’s most recent quarterly dividend payment was $0.16 a share, representing a up of 6.67% from $0.15 last year. Its latest increase dividend $0.01 reported on Thursday December 1 2022.

Financial Health

Further, the company has a long term debt to equity ratio of 0.29 and a total debt to equity ratio of 0.33 for the quarter ending September 29. Its gross profit as reported stood at $2.57 billion compared to revenue of $13.93 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, PulteGroup Inc.’s return on assets was 16.00%.

Earnings Surprise

For the three-month period that ended September 29, PulteGroup Inc. had $319.0 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $627.93 million in the quarter, while revenues of $652.44 million were grew 24.27%. The analyst consensus anticipated PulteGroup Inc.’s latest quarter earnings to come in at $2.82 per share, but it turned out to be $2.69, a -4.60% surprise. For the quarter, EBITDA amounted to $829.82 million. At the end of the quarter ending September 29, PulteGroup Inc.’s stock balance sheet showed total debt was $2.81 billion. Shareholders own equity worth $227.82 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at PulteGroup Inc. (PHM) price momentum. RSI 9-day as of the close on 28 December was 47.30%, suggesting the stock is Neutral, with historical volatility in this time frame at 24.33%.

As of today, PHM’s price is $45.67 +0.25% or $0.11 from its 5-day moving average. PHM is currently trading +1.81% higher than its 20-day SMA and +5.92% higher than its 100-day SMA. However, the stock’s current price level is +17.11% above the SMA50 and +1.42% above the SMA200.

The stochastic %K and %D were 50.43% and 58.33%, respectively, and the average true range (ATR) was 1.23. With the 14-day stochastic at 31.83% and the average true range at 1.31, the RSI (14) stands at 51.94%. The stock has reached -0.21 on the 9-day MACD Oscillator while the 14-day reading was at 0.03.

Analyst Ratings

Barclays upgraded PulteGroup Inc. (NYSE: PHM) to a an Overweight rating in its most recent analyst report. Previously, the stock was rated as an Equal weight. The consensus rating for PulteGroup Inc. (PHM) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell PHM, while 7 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 7 others rate it as a “buy”.

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

Analysts predict a range of price targets between $41.00 and $65.00, with a median target of $51.50. Taking a look at these predictions, the average price target given by analysts for PulteGroup Inc. (PHM) stock is $52.92.

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