For PulteGroup Inc. [PHM], Analyst sees a rise to $64. What next?

PulteGroup Inc. [NYSE: PHM] surged by $2.0 during the normal trading session on Tuesday and reaching a high of $62.72 during the day while it closed the day at $62.59. The company report on April 13, 2023 that PulteGroup Gifts New Mortgage-Free Home to Purple Heart Recipient in Jacksonville.

The Company’s Built to Honor® program celebrates 10 years of providing homes to deserving veterans.

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In a special dedication ceremony, PulteGroup presented United States Marine Corps Sergeant Matthew Perry with keys to his new, mortgage-free home in Jacksonville. Located in Pulte’s Forest Park at Wildlight community, the home was donated through the Company’s Built to Honor® program. This is the first home dedication of 2023, which marks the program’s 10th year of providing homes to wounded veterans and their families.

PulteGroup Inc. stock has also gained 4.74% of its value over the past 7 days. However, PHM stock has inclined by 22.56% in the 3 months of the year. Over the past six months meanwhile, it has gained 66.55% and gained 37.47% year-on date.

The market cap for PHM stock reached $13.82 billion, with 227.12 million shares outstanding and 223.34 million shares in the current float. Compared to the average trading volume of 2.74M shares, PHM reached a trading volume of 3666058 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 $66.33 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 2.10. 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.

Wolfe Research have made an estimate for PulteGroup Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on March 22, 2023. While these analysts kept the previous recommendation, Oppenheimer raised their target price to Perform. The new note on the price target was released on January 19, 2023, representing the official price target for PulteGroup Inc. stock. Previously, the target price had yet another raise from $46 to $60, while BofA Securities kept a Buy rating on PHM stock. On December 14, 2022, analysts increased their price target for PHM shares from 45 to 58.

The Average True Range (ATR) for PulteGroup Inc. is set at 1.33, with the Price to Sales ratio for PHM stock in the period of the last 12 months amounting to 0.85. The Price to Book ratio for the last quarter was 1.59, with the Price to Cash per share for the same quarter was set at 4.77. Price to Free Cash Flow for PHM in the course of the last twelve months was 33.57.

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 4.74. With this latest performance, PHM shares gained by 12.94% in over the last four-week period, additionally plugging by 66.55% over the last 6 months – not to mention a rise of 48.28% 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 75.26, with the RSI for the last a single of trading hit 80.66, and the three-weeks RSI is set at 71.06 for PulteGroup Inc. [PHM]. The present Moving Average for the last 50 days of trading for this stock 56.32, while it was recorded at 60.46 for the last single week of trading, and 46.74 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 +21.21 and a Gross Margin at +29.72. PulteGroup Inc.’s Net Margin is presently recorded at +16.03.

Return on Total Capital for PHM is now 31.47, given the latest momentum, and Return on Invested Capital for the company is 25.24. Return on Equity for this stock inclined to 31.71, with Return on Assets sitting at 18.48. When it comes to the capital structure of this company, PulteGroup Inc. [PHM] has a Total Debt to Total Equity ratio set at 30.54. Additionally, PHM Total Debt to Total Capital is recorded at 23.39, with Total Debt to Total Assets ending up at 18.40. Long-Term Debt to Equity for the company is recorded at 23.70, with the Long-Term Debt to Total Capital now at 18.16.

Reflecting on the efficiency of the workforce at the company, PulteGroup Inc. [PHM] managed to generate an average of $398,703 per employee. Receivables Turnover for the company is 70.63 with a Total Asset Turnover recorded at a value of 1.15.

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 9.20%.

PulteGroup Inc. [PHM]: Insider Ownership positions

There are presently around $12,342 million, or 94.30% of PHM stock, in the hands of institutional investors. The top three institutional holders of PHM stocks are: VANGUARD GROUP INC with ownership of 26,471,182, which is approximately -3.632% of the company’s market cap and around 0.76% of the total institutional ownership; BLACKROCK INC., holding 19,859,341 shares of the stock with an approximate value of $1.2 billion in PHM stocks shares; and STATE STREET CORP, currently with $612.88 million in PHM stock with ownership of nearly -5.541% of the company’s market capitalization.

Positions in PulteGroup Inc. stocks held by institutional investors increased at the end of Tuesday and at the time of the Tuesday reporting period, where 302 institutional holders increased their position in PulteGroup Inc. [NYSE:PHM] by around 15,783,467 shares. Additionally, 328 investors decreased positions by around 15,488,372 shares, while 93 investors held positions by with 172,426,657 shares. The mentioned changes placed institutional holdings at 203,698,496 shares, according to the latest SEC report filing. PHM stock had 95 new institutional investments in for a total of 3,902,302 shares, while 57 institutional investors sold positions of 1,534,120 shares during the same period.


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