PulteGroup Inc. [NYSE: PHM] gained 1.49% or 1.19 points to close at $81.10 with a heavy trading volume of 2606391 shares. The company report on August 17, 2023 at 8:30 AM that Trading the Beach for Grandbabies? Del Webb Building New 55+ Communities to Satisfy Growing Demand for Retirees in the Midwest.
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It opened the trading session at $79.94, the shares rose to $81.95 and dropped to $79.46, the range by which the price of stock traded the whole day. The daily chart for PHM points out that the company has recorded 49.58% gains over the past six months. However, it is still -125.34% lower than its most recent low trading price.
If we look at the average trading volume of 2.62M shares, PHM reached to a volume of 2606391 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 $97.27 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 1.90. 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 Outperform, with their previous recommendation back on July 14, 2023.
The Average True Range (ATR) for PulteGroup Inc. is set at 2.38, with the Price to Sales ratio for PHM stock in the period of the last 12 months amounting to 1.07. The Price to Book ratio for the last quarter was 1.86, with the Price to Cash per share for the same quarter was set at 7.76. Price to Free Cash Flow for PHM in the course of the last twelve months was 9.41.
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 1.81. With this latest performance, PHM shares dropped by -4.16% in over the last four-week period, additionally plugging by 49.58% over the last 6 months – not to mention a rise of 98.24% 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 52.09, with the RSI for the last a single of trading hit 53.96, and the three-weeks RSI is set at 52.76 for PulteGroup Inc. [PHM]. The present Moving Average for the last 50 days of trading for this stock 80.30, while it was recorded at 78.86 for the last single week of trading, and 62.33 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 +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.
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 5.30%.
An analysis of Institutional ownership at PulteGroup Inc. [PHM]
The top three institutional holders of PHM stocks are: VANGUARD GROUP INC with ownership of 1.31 billion shares, which is approximately 8.2089%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $170.67 trillion in PHM stocks shares; and BERKSHIRE HATHAWAY INC, currently with $150.98 trillion in PHM stock with ownership which is approximately 5.7381%.
