PulteGroup Inc. (NYSE:PHM) saw an upside of 1.12% to close Tuesday at $78.83 after adding $0.87 on the day. The 5-day average trading volume is 2,546,060 shares of the company’s common stock. It has gained $84.73 in the past week and touched a new high 1 time within the past 5 days. An average of 2,281,240 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,581,072.
PHM’s 1-month performance is 0.38% or $0.74 on its low of $77.00 reached on 08/21/23. The company’s shares have touched a 52-week low of $35.99 and high of $86.15, with the stock’s rally to the 52-week high happening on 08/10/23. YTD, PHM has achieved 73.14% or $33.30 and has reached a new high 49 times. However, the current price is down -8.50% from the 52-week high price.
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Insider Transactions
PHM stock investors last saw insider trading activity on Aug 03.Snyder Lila (Director) most recently sold 4,000 shares at $80.73 per share on Aug 03. This transaction cost the insider $322,936. Exec. VP & CFO, OShaughnessy Robert, sold 115,102 shares at a price of $66.90 on Apr 28. Then, on Apr 28, Director ANDERSON BRIAN P sold 15,000 shares at a price of $66.95 per share. This transaction amounted to $1,004,235.
Valuation Metrics
PHM stock has a beta of 1.40. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.02 while the price-to-book (PB) in the most recent quarter is 1.80, with the price to cash flow ratio at 8.94.
As well, the company’s long term debt to equity for the quarter ending June 29 was 0.21, while the total debt to equity was 0.24.. In terms of profitability, the gross margin trailing 12 months is 29.50%. The trailing 12-month EBITDA margin is 21.65% while for the period ending June 29, PulteGroup Inc.’s operating margin was 21.50%. The firm’s gross profit as reported stood at $3.44 billion against revenue of $16.23 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 9.43% to $720.35 million, while revenue of $532.26 million was 26.11% off the previous quarter. Analysts expected PHM to announce $2.51 per share in earnings in its latest quarter, but it posted $3, representing a 19.50% surprise. EBITDA for the quarter stood at more than $972.13 million. Shareholders hold equity totaling $219.45 million.
Let’s look briefly at PulteGroup Inc. (PHM) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 37.24% to suggest the stock is trending Neutral, with historical volatility in this time period at 29.48%.
The stock’s 5-day moving average is $79.49, reflecting a -6.42% or -$5.41 change from its current price. PHM is currently trading -5.50% above its 20-day SMA, +37.94% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +9.50% and SMA200 by+104.01%.
Stochastic %K and %D was 16.20% and 15.08% and the average true range (ATR) pointed at 2.39. The RSI (14) points at 42.91%, while the 14-day stochastic is at 19.99% with the period’s ATR at 2.30. The stock’s 9-day MACD Oscillator is pointing at -2.58 and -3.73 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for PulteGroup Inc. (NYSE: PHM), Raymond James upgraded it to an Outperform rating. They previously had a Mkt perform rating on the stock.
