PulteGroup Inc (NYSE: PHM) is 42.22% higher on its value in year-to-date trading and has touched a low of $68.80 and a high of $146.37 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 $144.62 in the last trading session, with the day’s gains setting it 2.18%.
Currently trading at $146.80, the stock is 3.31% and 9.09% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.25 million and changing 1.51% at the moment leaves the stock 24.74% off its SMA200. PHM registered 101.43% gain for a year compared to 6-month gain of 38.29%. The firm has a 50-day simple moving average (SMA 50) of $134.099 and a 200-day simple moving average (SMA200) of $117.46495.
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The stock witnessed a 4.51% loss in the last 1 month and extending the period to 3 months gives it a 17.63%, and is 5.32% 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 1.75% over the week and 2.21% over the month.
PulteGroup Inc (PHM) has around 6382 employees, a market worth around $30.46B and $16.85B in sales. Current P/E ratio is 11.19 and Fwd P/E is 10.74. Profit margin for the company is 16.72%. Distance from 52-week low is 113.37% and 0.29% from its 52-week high. The company has generated returns on investments over the last 12 months (21.76%).
PulteGroup Inc quarterly earnings per share for the current quarter are estimated at 3.12 with sales reaching $4.25B over the same period.The EPS is expected to grow by 13.64% this year, but quarterly earnings will post 8.30% year-over-year. Quarterly sales are estimated to grow 6.30% in year-over-year returns.
1362.0 institutions hold shares in PulteGroup Inc (PHM), with institutional investors hold 93.60% of the company’s shares. The shares outstanding are 212.56M, and float is at 206.08M with Short Float at 3.27%. Institutions hold 92.96% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 24.13 million shares valued at $2.66 billion. The investor’s holdings represent 11.3906 of the PHM Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 21.86 million shares valued at $2.41 billion to account for 10.318 of the shares outstanding. The other top investors are FRANKLIN RESOURCES INC which holds 10.67 million shares representing 5.0362 and valued at over $1.17 billion, while STATE STREET CORP holds 4.974 of the shares totaling 10.54 million with a market value of $1.16 billion.
PulteGroup Inc (PHM) Insider Activity
The most recent transaction is an insider sale by FOLLIARD THOMAS J, the company’s Director. SEC filings show that FOLLIARD THOMAS J sold 19,000 shares of the company’s common stock on Aug 28 ’24 at a price of $131.14 per share for a total of $2.49 million. Following the sale, the insider now owns 45230.0 shares.
Still, SEC filings show that on Aug 23 ’24, OShaughnessy Robert (Exec. VP & CFO) disposed off 71,007 shares at an average price of $134.83 for $9.57 million. The insider now directly holds 89,323 shares of PulteGroup Inc (PHM).
