As of Wednesday close, PulteGroup Inc.’s (NYSE:PHM) stock was down -$0.69, moving down -0.89 percent to $76.45. The average number of shares traded per day over the past five days has been 2,973,020 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.51 fall in that time frame. In the last twenty days, the average volume was 2,601,605, while in the previous 50 days, it was 2,540,266.
Since last month, PHM stock retreated -1.94%. Shares of the company fell to $75.03 on 09/15/23, the lowest level in the past month. A 52-week high of $86.15 was reached on 08/10/23 after having rallying from a 52-week low of $35.99. Since the beginning of this year, PHM’s stock price has risen by 67.91% or $30.92, and marked a new high 49 times. However, the stock has declined by -11.26% since its 52-week high.
PHM stock investors should be aware that PulteGroup Inc. (PHM) stock had its last reported insider trading activity 49 days ago on Aug 03. Snyder Lila, the Director of the company, disposed of 4,000 shares for $80.73 on Aug 03. It resulted in a $322,936 divestment by the insider. OShaughnessy Robert sold 115,102 shares at an average price of $66.90 on Apr 28. The insider now owns 177,564 shares following the transaction. On Apr 28, Director ANDERSON BRIAN P sold 15,000 shares at $66.95 apiece. The transaction was valued at $1,004,235.
Valuation Metrics
Right now, PulteGroup Inc. (PHM) has a P/E ratio of about 6.31. The stock’s beta is 1.40. Besides these, the trailing price-to-sales (P/S) ratio of 1.02, the price-to-book (PB) ratio of 1.75, and the price-to-cash flow ratio of 9.00 may also be considered.
The latest dividend of $0.16 per share was paid out, remained unchanged from last year’s $0.16. On Thursday December 1 2022, a $0.01 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the recent quarter was 0.21, and the total debt-to-equity ratio was 0.24. On the profitability front, the trailing twelve-month gross margin is 29.50% percent. In the recent year, EBITDA margin amounted to 21.65%, whereas operating margins totaled 21.50%. Based on annual data, PHM earned $3.44 billion in gross profit and brought in $16.23 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 22.60%. Return on equity (ROE) for the past 12 months was 30.50%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. PHM’s revenue rose 6.27% to $3.58 billion during the quarter, while net income inched up to $4.19 billion. During the quarter, the company generated $972.13 million in EBITDA. The value of shareholders’ equity is $219.45 million.
Technical Picture
This quick technical analysis looks at PulteGroup Inc.’s (PHM) price momentum. With a historical volatility rate of 30.04%, the RSI 9-day stood at 39.83% on 20 September.
With respect to its five-day moving average, the current PulteGroup Inc. price is down by -0.66% percent or -$0.51. At present, PHM shares trade -3.02% below its 20-day simple moving average and +15.36% percent above its 100-day simple moving average. However, the stock is currently trading approximately -2.24% below its SMA50 and +69.32% above its SMA200.
Stochastic coefficient K was 20.97% and Stochastic coefficient D was 22.37%, while ATR was 2.39. Given the Stochastic reading of 17.44% for the 14-day period, the RSI (14) reading has been calculated as 42.25%. As of today, the MACD Oscillator reading stands at -1.35, while the 14-day reading stands at -2.23.
Analyst Ratings
Raymond James upgraded its rating on PulteGroup Inc. (NYSE: PHM) to an Outperform in a note to investors on July 14, 2023. The analysts firm previously had a Mkt perform rating on the stock.PulteGroup Inc. (PHM) has been rated Overweight by analysts. According to 0 brokerage firms, PHM is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate PulteGroup Inc. stock as buy, with 10 recommending it as overweight.
With a median target price of $100.00, the current consensus forecast for the stock is $85.00 – $115.00. Based on these forecasts, analysts predict PulteGroup Inc. (PHM) will achieve an average price target of $99.27.
