PulteGroup Inc. [PHM] moved up 2.73: Why It’s Important

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PulteGroup Inc. [NYSE: PHM] price surged by 2.73 percent to reach at $1.21. The company report on July 18, 2022 that PulteGroup Named One of the Fortune Best Workplaces for Millennials™ in 2022.


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PulteGroup included on the list for the second year in a row, moving up 21 spots.

PulteGroup, Inc. (NYSE: PHM) today announced it has been named among the 2022 Best Workplaces for Millennials™ by Great Place to Work® and Fortune magazine. This year the company ranked #33, up from #54 in 2021. This is the second consecutive year PulteGroup has been named to this prestigious list.

A sum of 2768712 shares traded at recent session while its average daily volume was at 2.88M shares. PulteGroup Inc. shares reached a high of $45.605 and dropped to a low of $43.00 until finishing in the latest session at $45.58.

The one-year PHM stock forecast points to a potential upside of 14.5. The average equity rating for PHM stock is currently 2.20, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on 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 $53.31 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.

RBC Capital Mkts have made an estimate for PulteGroup Inc. shares, keeping their opinion on the stock as Sector Perform, with their previous recommendation back on June 22, 2022. While these analysts kept the previous recommendation, Credit Suisse raised their target price to Outperform. The new note on the price target was released on April 05, 2022, representing the official price target for PulteGroup Inc. stock. Previously, the target price had yet another drop from $72 to $49, while Barclays kept a Equal Weight rating on PHM stock.

The Average True Range (ATR) for PulteGroup Inc. is set at 1.77, with the Price to Sales ratio for PHM stock in the period of the last 12 months amounting to 0.75. The Price to Book ratio for the last quarter was 1.51, with the Price to Cash per share for the same quarter was set at 4.83.

PHM Stock Performance Analysis:

PulteGroup Inc. [PHM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.06. With this latest performance, PHM shares gained by 22.63% in over the last four-week period, additionally sinking by -14.16% over the last 6 months – not to mention a drop of -13.76% 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 64.33, with the RSI for the last a single of trading hit 70.78, and the three-weeks RSI is set at 59.61 for PulteGroup Inc. [PHM]. The present Moving Average for the last 50 days of trading for this stock 42.41, while it was recorded at 44.38 for the last single week of trading, and 47.46 for the last 200 days.

Insight into PulteGroup Inc. 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.

PHM Stock EPS

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 9.20%.

PulteGroup Inc. [PHM] Insider Position Details

There are presently around $9,269 million, or 92.80% of PHM stock, in the hands of institutional investors. The top three institutional holders of PHM stocks are: VANGUARD GROUP INC with ownership of 27,748,609, which is approximately 0.953% of the company’s market cap and around 0.50% of the total institutional ownership; BLACKROCK INC., holding 23,430,726 shares of the stock with an approximate value of $1.04 billion in PHM stocks shares; and STATE STREET CORP, currently with $518.09 million in PHM stock with ownership of nearly -10.841% of the company’s market capitalization.

Positions in PulteGroup Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 287 institutional holders increased their position in PulteGroup Inc. [NYSE:PHM] by around 16,075,619 shares. Additionally, 381 investors decreased positions by around 24,531,547 shares, while 97 investors held positions by with 168,296,940 shares. The mentioned changes placed institutional holdings at 208,904,106 shares, according to the latest SEC report filing. PHM stock had 67 new institutional investments in for a total of 2,739,933 shares, while 116 institutional investors sold positions of 5,893,339 shares during the same period.

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