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PulteGroup Inc (PHM) up 16.86% since start of the year

PulteGroup Inc (NYSE: PHM) is 16.86% higher on its value in year-to-date trading and has touched a low of $56.62 and a high of $118.26 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 $118.01 in the last trading session, with the day’s gains setting it 2.61%.

Currently trading at $120.62, the stock is 7.00% and 11.82% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.62 million and changing 2.21% at the moment leaves the stock 35.09% off its SMA200. PHM registered 110.62% gain for a year compared to 6-month gain of 64.78%. The firm has a 50-day simple moving average (SMA 50) of $1.60 and a 200-day simple moving average (SMA200) of $7.27.

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The stock witnessed a 13.33% loss in the last 1 month and extending the period to 3 months gives it a 16.06%, and is 3.93% 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 1.61% over the week and 2.38% over the month.

PulteGroup Inc (PHM) has around 6382 employees, a market worth around $25.58B and $16.06B in sales. Current P/E ratio is 10.27 and Fwd P/E is 9.32. Profit margin for the company is 16.14%. Distance from 52-week low is 113.02% and 2.00% from its 52-week high. The company has generated returns on investments over the last 12 months (20.89%).

PulteGroup Inc quarterly earnings per share for the current quarter are estimated at $2.36 with sales reaching $3.58B over the same period.The EPS is expected to grow by 1.25% this year, but quarterly earnings will post 4.90% year-over-year. Quarterly sales are estimated to grow 0.20% in year-over-year returns.

PulteGroup Inc (PHM) Top Institutional Holders

1,235 institutions hold shares in PulteGroup Inc (PHM), with institutional investors hold 93.92% of the company’s shares. The shares outstanding are 212.56M, and float is at 210.55M with Short Float at 2.92%. Institutions hold 93.23% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 25.79 million shares valued at $2.0 billion. The investor’s holdings represent 11.75% of the PHM Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 20.89 million shares valued at $1.62 billion to account for 9.52% of the shares outstanding. The other top investors are Putnam Investments LLC which holds 11.22 million shares representing 5.11% and valued at over $871.77 million, while State Street Corporation holds 4.70% of the shares totaling 10.3 million with a market value of $800.45 million.

PulteGroup Inc (PHM) Insider Activity

The most recent transaction is an insider sale by O’Meara Brien P.,the company’sVice President & Controller. SEC filings show that O’Meara Brien P. sold 2,000 shares of the company’s common stock on Feb 06 ’24 at a price of $103.09 per share for a total of $0.21 million. Following the sale, the insider now owns 15389.0 shares.

PulteGroup Inc disclosed in a document filed with the SEC on Aug 03 ’23 that Snyder Lila (Director) sold a total of 4,000 shares of the company’s common stock. The trade occurred on Aug 03 ’23 and was made at $80.73 per share for $0.32 million. Following the transaction, the insider now directly holds 5540.0 shares of the PHM stock.

Still, SEC filings show that on Apr 28 ’23, OShaughnessy Robert (Exec. VP & CFO) disposed off 115,102 shares at an average price of $66.90 for $7.7 million. The insider now directly holds 177,564 shares of PulteGroup Inc (PHM).

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