PulteGroup Inc (NYSE: PHM)’s stock price has plunge by 0.30relation to previous closing price of 115.05. Nevertheless, the company has seen a 1.04% surge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-09 that Iron Mountain (IRM), MPLX, PulteGroup (PHM), META and W. R. Berkley (WRB) are some of the stocks with high ROE to profit from as high bond yields hit equity markets hard.
Is It Worth Investing in PulteGroup Inc (NYSE: PHM) Right Now?
PulteGroup Inc (NYSE: PHM) has a price-to-earnings ratio of 9.83x that is above its average ratio. Additionally, the 36-month beta value for PHM is 1.57. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 1 rating it as “overweight,” 14 rating it as “hold,” and 0 rating it as “sell.”
The public float for PHM is 210.55M and currently, short sellers hold a 2.92% ratio of that float. The average trading volume of PHM on April 10, 2024 was 1.80M shares.
PHM’s Market Performance
The stock of PulteGroup Inc (PHM) has seen a 1.04% increase in the past week, with a 2.41% rise in the past month, and a 11.24% gain in the past quarter. The volatility ratio for the week is 2.60%, and the volatility levels for the past 30 days are at 2.51% for PHM. The simple moving average for the past 20 days is 0.79% for PHM’s stock, with a 27.12% 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 5.42% 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 -4.70% of loss for the given period.
Volatility was left at 2.51%, however, over the last 30 days, the volatility rate increased by 2.60%, as shares surge +4.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.77% upper at present.
During the last 5 trading sessions, PHM rose by +1.04%, which changed the moving average for the period of 200-days by +51.73% in comparison to the 20-day moving average, which settled at $114.72. In addition, PulteGroup Inc saw 11.79% 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 1.57. 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 seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as 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.
