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PulteGroup Inc. (PHM) Stock Could Soon Reward Patient Investors

PulteGroup Inc. (NYSE: PHM) is 13.38% higher on its value in year-to-date trading and has touched a low of $35.03 and a high of $54.71 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PHM stock was last observed hovering at around $51.06 in the last trading session, with the day’s gains setting it 0.56% off its average median price target of $58.00 for the next 12 months. It is also 35.48% off the consensus price target high of $80.00 offered by 16 analysts, but current levels are -12.22% lower than the price target low of $46.00 for the same period.

Currently trading at $51.62, the stock is 6.99% and 12.66% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.7 million and changing 1.10% at the moment leaves the stock 21.16% off its SMA200. PHM registered 0.21% gain for a year compared to 6-month gain of 15.48%.

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The stock witnessed a 12.81% loss in the last 1 month and extending the period to 3 months gives it a 37.69%, and is 1.08% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.42% over the week and 2.32% over the month.

PulteGroup Inc. (PHM) has around 6182 employees, a market worth around $11.64B and $15.42B in sales. Current P/E ratio is 5.18 and Fwd P/E is 7.25. Profit margin for the company is 14.10%. Distance from 52-week low is 47.35% and -5.65% from its 52-week high. The company has generated returns on investments over the last 12 months (19.20%).

PulteGroup Inc. (PHM) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for PulteGroup Inc. (PHM) is a “Overweight”. 16 analysts offering their recommendations for the stock have an average rating of 2.20, where 6 rate it as a Hold and 1 think it is a “Overweight”. 9 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

PulteGroup Inc. is expected to release its quarterly report on 04/25/2023.The EPS is expected to grow by 43.50% this year.

PulteGroup Inc. (PHM) Top Institutional Holders

The shares outstanding are 230.97M, and float is at 226.26M with Short Float at 3.32%.

PulteGroup Inc. (PHM) Insider Activity

A total of 1 insider transactions have happened at PulteGroup Inc. (PHM) in the last six months, with sales accounting for 1 and purchases happening 0 times. The most recent transaction is an insider sale by Chadwick John J.,the company’sExec VP & Chief Operating Ofcr. SEC filings show that Chadwick John J. sold 15,090 shares of the company’s common stock on Feb 28 at a price of $49.05 per share for a total of $0.74 million. Following the sale, the insider now owns 82590.0 shares.

PulteGroup Inc. (PHM): Who are the competitors?

The company’s main competitors (and peers) include Toll Brothers Inc. (TOL) that is trading -1.86% down over the past 12 months and D.R. Horton Inc. (DHI) that is 10.39% higher over the same period. M.D.C. Holdings Inc. (MDC) is -24.02% down on the 1-year trading charts.

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