PulteGroup Inc (PHM) Shares Down Despite Recent Market Volatility

PulteGroup Inc (NYSE: PHM) has experienced a decline in its stock price by -3.57 compared to its previous closing price of 118.43. However, the company has seen a fall of -1.29% in its stock price over the last five trading days. Forbes reported 2024-04-02 that Our theme of Housing Stocks, which includes the stocks of home improvement players, building supply companies, and home builders including DR Horton and Pulte Group has fared reasonably well this year, rising by about 16% year-to-date. This compares to the S&P 500, which has gained about 10% over the same period.

Is It Worth Investing in PulteGroup Inc (NYSE: PHM) Right Now?

PulteGroup Inc (NYSE: PHM) has a higher price-to-earnings ratio of 9.73x compared to its average ratio, The 36-month beta value for PHM is at 1.56. Analysts have varying views on the stock, with 6 analysts rating it as a “buy,” 1 rating it as “overweight,” 14 as “hold,” and 0 as “sell.”

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The public float for PHM is 210.55M, and currently, shorts hold a 2.92% of that float. The average trading volume for PHM on April 03, 2024 was 1.82M shares.

PHM’s Market Performance

PHM stock saw an increase of -1.29% in the past week, with a monthly gain of 2.69% and a quarterly increase of 10.64%. The volatility ratio for the week is 2.20%, and the volatility levels for the last 30 days are 2.44% for PulteGroup Inc (PHM).. The simple moving average for the past 20 days is 0.43% for PHM’s stock, with a 27.24% simple moving average for the past 200 days.

Analysts’ Opinion of PHM

Many brokerage firms have already submitted their reports for PHM stocks, with Citigroup repeating the rating for PHM by listing it as a “Neutral.” The predicted price for PHM in the upcoming period, according to Citigroup is $113 based on the research report published on January 08, 2024 of the current year 2024.

UBS, on the other hand, stated in their research note that they expect to see PHM reach a price target of $120, previously predicting the price at $93. The rating they have provided for PHM stocks is “Neutral” according to the report published on January 04th, 2024.

Jefferies gave a rating of “Buy” to PHM, setting the target price at $107 in the report published on November 27th of the previous year.

PHM Trading at 5.26% from the 50-Day Moving Average

After a stumble in the market that brought PHM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.68% of loss for the given period.

Volatility was left at 2.44%, however, over the last 30 days, the volatility rate increased by 2.20%, as shares surge +2.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.66% upper at present.

During the last 5 trading sessions, PHM fell by -1.29%, which changed the moving average for the period of 200-days by +55.90% in comparison to the 20-day moving average, which settled at $113.87. In addition, PulteGroup Inc saw 10.64% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at PHM starting from O’Meara Brien P., who sale 2,000 shares at the price of $103.09 back on Feb 06 ’24. After this action, O’Meara Brien P. now owns 15,389 shares of PulteGroup Inc, valued at $206,180 using the latest closing price.

Snyder Lila, the Director of PulteGroup Inc, sale 4,000 shares at $80.73 during a trade that took place back on Aug 03 ’23, which means that Snyder Lila is holding 5,540 shares at $322,936 based on the most recent closing price.

Stock Fundamentals for PHM

Current profitability levels for the company are sitting at:

  • 0.21 for the present operating margin
  • 0.29 for the gross margin

The net margin for PulteGroup Inc stands at 0.16. The total capital return value is set at 0.24. Equity return is now at value 26.87, with 16.79 for asset returns.

Based on PulteGroup Inc (PHM), the company’s capital structure generated 0.2 points at debt to capital in total, while cash flow to debt ratio is standing at 0.86. The debt to equity ratio resting at 0.25. The interest coverage ratio of the stock is 7305.18.

Currently, EBITDA for the company is -1.31 million with net debt to EBITDA at 0.21. When we switch over and look at the enterprise to sales, we see a ratio of 1.55. The receivables turnover for the company is 68.02for trailing twelve months and the total asset turnover is 1.0. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.87.

Conclusion

In conclusion, PulteGroup Inc (PHM) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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