PulteGroup Inc. [PHM] Is Currently 3.47 below its 200 Period Moving Avg: What Does This Mean?


PulteGroup Inc. [NYSE: PHM] gained 3.47% on the last trading session, reaching $56.93 price per share at the time. The company report on January 12, 2022 that PulteGroup’s Built to Honor® Program Breaks Ground on New Mortgage-Free Home for Injured Veteran and Family in Tennessee.

Last year U.S. Army Specialist Christopher Lewis was surprised with the life-changing news that he will receive a new mortgage-free home through PulteGroup’s Built to Honor® program. Now, he and his family have officially broken ground on their future home in the Rucker Landing community by Centex in Murfreesboro.

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This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220112005141/en/.

PulteGroup Inc. represents 258.15 million in outstanding shares, while the company has a total market value of $15.17 billion with the latest information. PHM stock price has been found in the range of $56.33 to $58.09.

If compared to the average trading volume of 2.32M shares, PHM reached a trading volume of 3820735 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 $66.17 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 2.30. 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.

BofA Securities have made an estimate for PulteGroup Inc. shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on November 08, 2021. While these analysts kept the previous recommendation, Goldman dropped their target price from $69 to $62. The new note on the price target was released on June 30, 2021, representing the official price target for PulteGroup Inc. stock. Previously, the target price had yet another raise to $55, while Wells Fargo analysts kept a Equal Weight rating on PHM stock.

The Average True Range (ATR) for PulteGroup Inc. is set at 1.68, with the Price to Sales ratio for PHM stock in the period of the last 12 months amounting to 1.19. The Price to Book ratio for the last quarter was 2.06, with the Price to Cash per share for the same quarter was set at 5.88. Price to Free Cash Flow for PHM in the course of the last twelve months was 29.82.

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 3.45. With this latest performance, PHM shares gained by 5.70% in over the last four-week period, additionally plugging by 11.63% over the last 6 months – not to mention a rise of 34.21% 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 58.13, with the RSI for the last a single of trading hit 60.05, and the three-weeks RSI is set at 57.37 for PulteGroup Inc. [PHM]. The present Moving Average for the last 50 days of trading for this stock 53.33, while it was recorded at 54.43 for the last single week of trading, and 53.13 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

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 23.70%.

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An analysis of insider ownership at PulteGroup Inc. [PHM]

There are presently around $12,006 million, or 89.90% of PHM stock, in the hands of institutional investors. The top three institutional holders of PHM stocks are: VANGUARD GROUP INC with ownership of 28,128,038, which is approximately -1.7% of the company’s market cap and around 0.89% of the total institutional ownership; BLACKROCK INC., holding 24,506,141 shares of the stock with an approximate value of $1.35 billion in PHM stocks shares; and STATE STREET CORP, currently with $690.44 million in PHM stock with ownership of nearly -1.857% of the company’s market capitalization.

Positions in PulteGroup Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 274 institutional holders increased their position in PulteGroup Inc. [NYSE:PHM] by around 15,649,899 shares. Additionally, 334 investors decreased positions by around 21,534,092 shares, while 110 investors held positions by with 181,030,823 shares. The mentioned changes placed institutional holdings at 218,214,814 shares, according to the latest SEC report filing. PHM stock had 59 new institutional investments in for a total of 4,910,015 shares, while 76 institutional investors sold positions of 1,835,534 shares during the same period.