PulteGroup Inc. [PHM] Stock trading around $38.91 per share: What’s Next?


PulteGroup Inc. [NYSE: PHM] Loss -1.09% or -0.43 points to close at $38.91 with a heavy trading volume of 30,79560 shares. Company report on September 19, 2022 Q3 2022 earnings announcement and webcasting conference call scheduled for October 25, 2022.

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PulteGroup, Inc. has announced. (NYSE: PHM) today announced that it will release its financial results for the third quarter of 2022 before the market opens on Tuesday, October 25, 2022. The company will hold a conference call to discuss third-quarter results on the same day at 8:30 a.m. (ET ).

A live audio broadcast of the call will be available on the PulteGroup website. To listen to the webcast, log in five minutes before the call at www.pultegroup.com and select the Events & Presentations link under the Investor Relations tab.

The trading session opened at $39.04, shares rose to $39.70 and fell to $38.68, the range in which the share price has traded all day. PHM’s daily chart indicates that the company posted a 12.86% loss over the past six months. However, it is still 11.08% lower than the last trading low.

If we look at the average trading volume of 2.36 million shares, PHM reached a volume of 30,79560 on the last trading day, which is why market watchers consider the stock to be active.

Here’s what top stock market experts have to say about PulteGroup Inc. [PHM]:

Based on careful and fact-backed analyzes by Wall Street experts, the current consensus on PHM’s stock price target is $52.50 per share. Target price analysis and stock performance are usually carefully studied by market experts, and the current Wall Street consensus on PHM stock is a set recommendation at 2.50. This rating represents a strong buy recommendation, on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 represents hold, and 2 indicates buy.

KeyBanc Capital Markets has made an estimate for the shares of PulteGroup Inc. , retaining their opinion of the stock as Overweight, with their previous recommendation back on September 19, 2022. While these analysts held the previous recommendation, BofA Securities raised its price target from $41 to $48. The new note about price target was released on July 27, 2022, which is the official target price for PulteGroup Inc.’s stock. Previously, the target price saw another drop from $56 to $41, while RBC Capital Mkts maintained its sector performance rating on PHM stock.

The Average True Range (ATR) is set by PulteGroup Inc. at 1.30, with a price-to-sales ratio for PHM stock in the past 12-month period at 0.59. The price-to-book ratio for the last quarter was 1.19, with the price-to-cash-to-cash ratio for the same quarter set at 2.90. The rate to PHM free cash flow for the past 12 months has been 21.00.

PHM stock trading performance analysis

PulteGroup Inc. [PHM] Profited in the green at the end of last week, gained a positive trend and rose by 0.13. With this latest performance, PHM shares are down -5.44% over the past four-week period, as well as -12.86% over the past six months – not to mention a -18.73% drop in the last year of trading.

Overbought and oversold stocks can be easily tracked by the Relative Strength Index (RSI), where an RSI result of over 70 is overbought, and any price below 30 indicates oversold conditions. The RSI of 50 represents neutral momentum in the market. The current RSI for PHM stock for the past two weeks was set at 39.88, with the RSI for the last one trading at 38.04, and the three-week RSI set at 41.62 for PulteGroup Inc. [PHM]. The current moving average for the last 50 trading days for this stock is 42.25 while it recorded at 39.65 for the last trading week, and 45.70 for the last 200 days.

PulteGroup Inc. [PHM]A deeper look at fundamental analysis

Operating margin for any stock indicates how profitable the investment is, and PulteGroup Inc. [PHM] Equity operating margin is currently +18.36 and gross margin is +27.04. Net margin reported to PulteGroup Inc. Currently at +13.86.

The return on equity for this stock rose to 27.45, with the return on assets remaining at 15.10.

PulteGroup Inc. [PHM]Earnings per share (EPS) analysis

The company’s progress can be seen through the perspective of the EPS growth rate, while Wall Street analysts focus on forecasting the 5-year EPS growth rate for PHM. When it comes to the stated value, analysts expect PulteGroup Inc.’s 5-year EPS growth rate to rise. to 9.20%.

Internal ownership analysis at PulteGroup Inc. [PHM]

There are currently approximately $8,162 million, or 94.00% of PHM’s stock, in the hands of institutional investors. The three largest institutional owners of PHM shares are: VANGUARD GROUP INC with 27,981,980 ownership, which is approximately 0.841% of the company’s market capitalization and approximately 0.10% of the total institutional ownership; BLACKROCK INC. , owns 22,261,018 shares with an approximate value of $866.18 million in PHM stock; and STATE STREET CORP, currently with $420.55 million in PHM stock with ownership of approximately -7.437% of the company’s market capitalization.

Positions increased in PulteGroup Inc. shares. held by institutional investors at the end of July and at the time of the July report, as 295 institutional owners increased their positions in PulteGroup Inc. [NYSE:PHM] About 16134648 shares. In addition, 333 investors decreased their positions by 15,628,821 shares, while 93 investors held positions with 178,012,255 shares. The said changes put institutional holdings at 209,775,724 shares, according to the latest report from the Securities and Exchange Commission. PHM’s stock investments amounted to 67 new institutional investors totaling 6,664,960 shares, while 81 institutional investors sold deals totaling 1,681,436 shares during the same period.

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