PulteGroup Inc. [NYSE: PHM] gained 4.29% on the last trading session, reaching $57.14 price per share at the time. The company report on April 27, 2021 that CORRECTING and REPLACING PulteGroup, Inc. Reports First Quarter 2021 Financial Results.
Reported Net Income of $1.13 Per Share.
Adjusted Net Income of $1.28 Per Share.
PulteGroup Inc. represents 267.54 million in outstanding shares, while the company has a total market value of $14.91 billion with the latest information. PHM stock price has been found in the range of $56.36 to $58.08.
If compared to the average trading volume of 2.95M shares, PHM reached a trading volume of 4998219 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about PulteGroup Inc. [PHM]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PHM shares is $58.91 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PHM stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wells Fargo have made an estimate for PulteGroup Inc. shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on April 16, 2021. The new note on the price target was released on March 16, 2021, representing the official price target for PulteGroup Inc. stock. Previously, the target price had yet another raise to $56, while BTIG Research analysts kept a Buy rating on PHM stock.
The Average True Range (ATR) for PulteGroup Inc. is set at 1.55, with the Price to Sales ratio for PHM stock in the period of the last 12 months amounting to 1.35. The Price to Book ratio for the last quarter was 2.33, with the Price to Cash per share for the same quarter was set at 9.90. Price to Free Cash Flow for PHM in the course of the last twelve months was 9.34.
Trading performance analysis for PHM stock
PulteGroup Inc. [PHM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.82. With this latest performance, PHM shares gained by 8.59% in over the last four-week period, additionally plugging by 29.89% over the last 6 months – not to mention a rise of 109.77% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PHM stock in for the last two-week period is set at 70.28, with the RSI for the last a single of trading hit 75.78, and the three-weeks RSI is set at 66.69 for PulteGroup Inc. [PHM]. The present Moving Average for the last 50 days of trading for this stock 49.99, while it was recorded at 54.44 for the last single week of trading, and 45.77 for the last 200 days.
PulteGroup Inc. [PHM]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and PulteGroup Inc. [PHM] shares currently have an operating margin of +15.99 and a Gross Margin at +24.99. PulteGroup Inc.’s Net Margin is presently recorded at +12.63.
Return on Total Capital for PHM is now 19.11, given the latest momentum, and Return on Invested Capital for the company is 16.16. Return on Equity for this stock inclined to 23.19, with Return on Assets sitting at 12.17. When it comes to the capital structure of this company, PulteGroup Inc. [PHM] has a Total Debt to Total Equity ratio set at 49.55. Additionally, PHM Total Debt to Total Capital is recorded at 33.13, with Total Debt to Total Assets ending up at 26.67. Long-Term Debt to Equity for the company is recorded at 36.48, with the Long-Term Debt to Total Capital now at 24.39.
Reflecting on the efficiency of the workforce at the company, PulteGroup Inc. [PHM] managed to generate an average of $265,648 per employee. Receivables Turnover for the company is 66.36 with a Total Asset Turnover recorded at a value of 0.96.
PulteGroup Inc. [PHM]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, PulteGroup Inc. posted 1.29/share EPS, while the average EPS was predicted by analysts to be reported at 0.87/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 48.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PHM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for PulteGroup Inc. go to 13.80%.
An analysis of insider ownership at PulteGroup Inc. [PHM]
There are presently around $12,558 million, or 91.50% of PHM stock, in the hands of institutional investors. The top three institutional holders of PHM stocks are: VANGUARD GROUP INC with ownership of 28,719,475, which is approximately -1.249% of the company’s market cap and around 0.40% of the total institutional ownership; BLACKROCK INC., holding 23,740,708 shares of the stock with an approximate value of $1.3 billion in PHM stocks shares; and STATE STREET CORP, currently with $713.57 million in PHM stock with ownership of nearly -4.6% of the company’s market capitalization.
Positions in PulteGroup Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 334 institutional holders increased their position in PulteGroup Inc. [NYSE:PHM] by around 21,444,148 shares. Additionally, 304 investors decreased positions by around 24,967,450 shares, while 86 investors held positions by with 182,787,150 shares. The mentioned changes placed institutional holdings at 229,198,748 shares, according to the latest SEC report filing. PHM stock had 107 new institutional investments in for a total of 6,470,428 shares, while 66 institutional investors sold positions of 4,205,799 shares during the same period.