The stock of PulteGroup Inc. (NYSE:PHM) increased by $2.14 on Tuesday to finish at $79.91, up 2.75 percent. The last five days have seen an average of 2,480,760 shares of common stock traded. 49 times new highs were reached in the current year, with a gain of $34.38. The average number of shares traded over the last 20 days was 2,252,425, while the average volume over the last 50 days totaled 2,498,022.
PHM stock dropped -5.31% since last month. On 08/25/23, the company’s shares reached a one-month low of $75.12. The stock touched a high of $86.15 on 08/10/23, after rallying from a low of $35.99 in 52 weeks. The price of PHM stock has risen by 75.51% or $34.38 this year, reaching a new high 49 times. Still, the stock price is down -7.25% from the 52-week high.
Insider Transactions
PHM stock investors should be aware that PulteGroup Inc. (PHM) stock had its last reported insider trading activity 27 days ago on Aug 03. On Aug 03, Director Snyder Lila sold 4,000 shares at $80.73 each. This transaction resulted in the insider making $322,936. On Apr 28, OShaughnessy Robert sold 115,102 shares at a price of US$66.90. After the transaction, the insider now owns 177,564 shares. Director ANDERSON BRIAN P had earlier sold 15,000 shares on Apr 28 for $66.95 a share. The transaction was completed for $1,004,235.
Valuation Metrics
PulteGroup Inc. (PHM) has a trailing price-to-earnings (P/E) ratio of 6.60. Beta for the stock is 1.40. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.06, the price-to-book (PB) ratio of 1.83, and the price-to-cash flow ratio of 9.27.
Company paid $0.16 per share in dividends, remained unchanged from $0.16 last year. A $0.01 dividend increase was reported on Thursday December 1 2022.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.21, and the total debt to equity ratio is 0.24. As far as profitability goes, gross margin for the trailing twelve months is 29.50% percent. PulteGroup Inc.’s EBITDA margin for the year ended June 29 was 21.65%, whereas its operating margin stood at 21.50% for the same period. Based on annual data, it had gross profit of $3.44 billion and revenue of $16.23 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 18.60%. There was a 22.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 30.50%.
Earnings Surprise
According to PulteGroup Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $4.19 billion, while revenues rose by 6.27% to $3.58 billion. It was predicted that PulteGroup Inc.’s quarterly earnings would be $3, but it ended up being $2.51, beating the consensus by 19.50%. EBITDA was $972.13 million for the quarter. At the end of PulteGroup Inc.’s most recent quarter ended June 29, its total debt was $2.45 billion. Equity owned by shareholders amounts to $219.45 million.
Technical Picture
Here’s a quick look at PulteGroup Inc.’s (PHM) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 48.62%, suggesting the stock is Neutral, with a 33.05% historical volatility rate.
The stochastic %K and %D were 28.67% and 22.91% respectively, while the average true range (ATR) was 2.45. Based on the 14-day stochastic reading of 43.41%, the RSI (14) reading is 48.61%. On the 9-day MACD Oscillator, the stock is at -0.36, and the 14-day reading is at -2.03.
Analyst Ratings
In its most recent analyst report, Raymond James raised its rating on PulteGroup Inc. (NYSE: PHM) to an Outperform. Prior to this, analysts firm rated the stock as a Mkt perform. Analysts have assigned PulteGroup Inc. (PHM) an Overweight rating. PHM is a stock that is recommended for selling by 0 brokerage firms, while 3 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 3 rates it overweight and 11 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 $85.00 and $115.00, with a median target price of $98.50. In analyzing these forecasts, the average price target given by analysts for PulteGroup Inc. (PHM) is $98.38.
