PulteGroup Inc. (NYSE:PHM) finished Friday with a subtraction of -$1.2 to close at $77.17, a downside of -1.53 percent. An average of 2,542,520 shares of common stock have been traded in the last five days. There was a fall of -$2.13 in the past week, and it reached a new high 53 times over the past 12 months. The last 20 days have seen an average of 2,206,230 shares traded, while the 50-day average volume stands at 2,574,604.
PHM stock has decreased by -7.74% in the last month. The company shares reached their 1-month lowest point of $75.12 on 08/25/23. With the stock rallying to its 52-week high on 08/10/23, shares of the company touched a low of $35.99 and a high of $86.15 in 52 weeks. It has reached a new high 49 times so far this year and achieved 69.49% or $31.64 in price. In spite of this, the price is down -10.43% 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 23 days ago on Aug 03. In this transaction, the insider spent $322,936. Exec. VP & CFO, OShaughnessy Robert, disposed of 115,102 shares at a price of $66.90 on Apr 28. The insider now owns more than $7,700,094 worth of shares. Prior to that, Director ANDERSON BRIAN P went on to Sale 15,000 shares at $66.95 each on Apr 28. An amount of $1,004,235 was transacted.
Valuation Metrics
PulteGroup Inc. (PHM) has a trailing price-to-earnings (P/E) ratio of 6.37. The stock’s beta is 1.40. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.00, the price-to-book (PB) ratio at 1.77, and the price-to-cash flow ratio at 8.76.
The company has a payout ratio of 5.10%. The company’s most recent quarterly dividend payment was $0.16 a share, without any change from 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 0.21 and a total debt to equity ratio of 0.24 for the quarter ending June 30. PulteGroup Inc.’s EBITDA margin for the year ending June 30 is 21.65%, while its operating margin for the same period stands at 21.50%. Its gross profit as reported stood at $3.44 billion compared to revenue of $16.23 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 18.60%.
Earnings Surprise
For the three-month period that ended June 30, PulteGroup Inc. had $2.03 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $720.35 million in the quarter, while revenues of $532.26 million were grew 9.43%. The analyst consensus anticipated PulteGroup Inc.’s latest quarter earnings to come in at $2.51 per share, but it turned out to be $3, a 19.50% surprise. For the quarter, EBITDA amounted to $972.13 million. At the end of the quarter ending June 30, PulteGroup Inc.’s stock balance sheet showed total debt was $2.45 billion. Shareholders own equity worth $219.45 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 25 August was 33.12%, suggesting the stock is Neutral, with historical volatility in this time frame at 27.20%.
As of today, PHM’s price is $78.40 -2.69% or -$2.13 from its 5-day moving average. PHM is currently trading -9.02% lower than its 20-day SMA and +30.80% higher than its 100-day SMA. However, the stock’s current price level is +5.35% above the SMA50 and +99.30% above the SMA200.
The stochastic %K and %D were 20.87% and 20.68%, respectively, and the average true range (ATR) was 2.50. With the 14-day stochastic at 18.58% and the average true range at 2.39, the RSI (14) stands at 39.33%. The stock has reached -1.25 on the 9-day MACD Oscillator while the 14-day reading was at -2.87.
Analyst Ratings
Raymond James upgraded PulteGroup Inc. (NYSE: PHM) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as a Mkt perform. 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 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 11 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 $85.00 and $115.00, with a median target of $98.50. Taking a look at these predictions, the average price target given by analysts for PulteGroup Inc. (PHM) stock is $98.38.
