PulteGroup Inc. [PHM] Is Currently 13.48 below its 200 Period Moving Avg: What Does This Mean?

PulteGroup Inc. [NYSE: PHM] gained 13.48% or 5.2 points to close at $43.78 with a heavy trading volume of 4652192 shares. The company report on November 1, 2022 that Del Webb Breaks Ground on Newest Michigan Community.

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Kensington Ridge by Del Webb set to open Spring 2023.

Del Webb, the nation’s leading builder of active adult communities for those 55 and older, has officially broken ground on its newest community in southeast Michigan, Kensington Ridge by Del Webb. Located in charming Milford Township off I-96 at Milford Road, the community will grand open in Spring 2023.

It opened the trading session at $41.08, the shares rose to $44.22 and dropped to $41.03, the range by which the price of stock traded the whole day. The daily chart for PHM points out that the company has recorded 3.84% gains over the past six months. However, it is still -24.98% lower than its most recent low trading price.

If we look at the average trading volume of 2.38M shares, PHM reached to a volume of 4652192 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 $48.79 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 2.50. 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.

Raymond James have made an estimate for PulteGroup Inc. shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on October 21, 2022. The new note on the price target was released on September 19, 2022, representing the official price target for PulteGroup Inc. stock. Previously, the target price had yet another raise from $41 to $48, while BofA Securities kept a Neutral rating on PHM stock. On June 22, 2022, analysts decreased their price target for PHM shares from 56 to 41.

The Average True Range (ATR) for PulteGroup Inc. is set at 1.85, with the Price to Sales ratio for PHM stock in the period of the last 12 months amounting to 0.65. The Price to Book ratio for the last quarter was 1.24, with the Price to Cash per share for the same quarter was set at 1.01.

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 17.62. With this latest performance, PHM shares gained by 12.26% in over the last four-week period, additionally plugging by 3.84% over the last 6 months – not to mention a drop of -13.51% 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 65.86, with the RSI for the last a single of trading hit 72.66, and the three-weeks RSI is set at 61.26 for PulteGroup Inc. [PHM]. The present Moving Average for the last 50 days of trading for this stock 39.36, while it was recorded at 39.65 for the last single week of trading, and 42.97 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 +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.

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 9.20%.

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

There are presently around $9,066 million, or 95.10% of PHM stock, in the hands of institutional investors. The top three institutional holders of PHM stocks are: VANGUARD GROUP INC with ownership of 27,981,980, which is approximately 0.841% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 22,261,018 shares of the stock with an approximate value of $974.59 million in PHM stocks shares; and STATE STREET CORP, currently with $473.18 million in PHM stock with ownership of nearly -7.437% of the company’s market capitalization.

Positions in PulteGroup Inc. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 263 institutional holders increased their position in PulteGroup Inc. [NYSE:PHM] by around 12,385,911 shares. Additionally, 342 investors decreased positions by around 15,230,731 shares, while 85 investors held positions by with 179,464,861 shares. The mentioned changes placed institutional holdings at 207,081,503 shares, according to the latest SEC report filing. PHM stock had 56 new institutional investments in for a total of 1,895,720 shares, while 67 institutional investors sold positions of 2,144,712 shares during the same period.


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