PulteGroup Inc. [NYSE: PHM] closed the trading session at $43.52 on 04/28/22. The day’s price range saw the stock hit a low of $41.23, while the highest price level was $43.85. The company report on April 28, 2022 that PulteGroup, Inc. Reports First Quarter 2022 Financial Results.
Net Income of $1.83 Per Share Increased 43% Over Prior Year Adjusted Net Income of $1.28 Per Share.
The stocks have a year to date performance of -23.86 percent and weekly performance of 0.48 percent. The stock has been moved at -10.73 percent over the last six months. The stock has performed -3.72 percent around the most recent 30 days and changed -12.96 percent over the most recent 3-months.
If compared to the average trading volume of 3.02M shares, PHM reached to a volume of 3013830 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say 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 $62.00 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.
Credit Suisse have made an estimate for PulteGroup Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on April 05, 2022. While these analysts kept the previous recommendation, Barclays dropped their target price from $72 to $49. The new note on the price target was released on March 31, 2022, representing the official price target for PulteGroup Inc. stock. On February 03, 2022, analysts increased their price target for PHM shares from 63 to 70.
The Average True Range (ATR) for PulteGroup Inc. is set at 1.75, with the Price to Sales ratio for PHM stock in the period of the last 12 months amounting to 0.79. The Price to Book ratio for the last quarter was 1.46, with the Price to Cash per share for the same quarter was set at 7.03. Price to Free Cash Flow for PHM in the course of the last twelve months was 14.05.
PHM stock trade performance evaluation
PulteGroup Inc. [PHM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.48. With this latest performance, PHM shares dropped by -3.72% in over the last four-week period, additionally sinking by -10.73% over the last 6 months – not to mention a drop of -27.24% 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 50.38, with the RSI for the last a single of trading hit 53.82, and the three-weeks RSI is set at 48.14 for PulteGroup Inc. [PHM]. The present Moving Average for the last 50 days of trading for this stock 45.01, while it was recorded at 42.67 for the last single week of trading, and 50.02 for the last 200 days.
PulteGroup Inc. [PHM]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and PulteGroup Inc. [PHM] shares currently have an operating margin of +18.36 and a Gross Margin at +27.04. PulteGroup Inc.’s Net Margin is presently recorded at +13.86.
Return on Equity for this stock inclined to 27.45, with Return on Assets sitting at 15.10.
Earnings per share (EPS) analysis for PulteGroup Inc. [PHM] stock
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%.
PulteGroup Inc. [PHM]: Insider Ownership positions
There are presently around $9,510 million, or 93.90% of PHM stock, in the hands of institutional investors. The top three institutional holders of PHM stocks are: VANGUARD GROUP INC with ownership of 27,486,675, which is approximately -2.28% of the company’s market cap and around 0.50% of the total institutional ownership; BLACKROCK INC., holding 24,497,350 shares of the stock with an approximate value of $1.07 billion in PHM stocks shares; and STATE STREET CORP, currently with $569.95 million in PHM stock with ownership of nearly 4.362% 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 341 institutional holders increased their position in PulteGroup Inc. [NYSE:PHM] by around 17,841,176 shares. Additionally, 332 investors decreased positions by around 20,543,592 shares, while 104 investors held positions by with 180,130,334 shares. The mentioned changes placed institutional holdings at 218,515,102 shares, according to the latest SEC report filing. PHM stock had 120 new institutional investments in for a total of 3,551,135 shares, while 81 institutional investors sold positions of 3,851,005 shares during the same period.