Assessing Whether PulteGroup Inc (NYSE: PHM) Is Over- Or Undervalued

PulteGroup Inc (PHM) concluded trading on 12/14/23 at a closing price of $104.88, with 4.06 million shares of worth about $425.77 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 41.81% during that period and on Thursday the price saw a gain of about 7.06%. Currently the company’s common shares owned by public are about 225.84M shares, out of which, 214.10M shares are available for trading.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 42 times over the past 12 months. They bought 416,036 shares in 22 of the transactions. In 20 selling transactions, insiders dumped 414,069 shares.

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However, the stock later moved at a day high price of 105.09, or with a gain of 7.06%. Stock saw a price change of 11.03% in past 5 days and over the past one month there was a price change of 19.39%. Year-to-date (YTD), PHM shares are showing a performance of 130.35% which increased to 129.05% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $44.40 but also hit the highest price of $98.88 during that period. The average intraday trading volume for PulteGroup Inc shares is 2.23 million. The stock is currently trading 15.76% above its 20-day simple moving average (SMA20), while that difference is up 28.64% for SMA50 and it goes to 42.49% higher than SMA200.

PulteGroup Inc (NYSE: PHM) currently have 225.84M outstanding shares and institutions hold larger chunk of about 95.74% of that.

The stock has a current market capitalization of $22.61B and its 3Y-monthly beta is at 1.53. PE ratio of stock for trailing 12 months is 8.53, while it has posted earnings per share of $12.30 in the same period. Its PEG reads 1.61 and has Quick Ratio of 0.57 while making debt-to-equity ratio of 0.25. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PHM, volatility over the week remained 2.80% while standing at 1.94% over the month.

Analysts are in expectations that PulteGroup Inc (PHM) stock would likely to be making an EPS of $Reneo Pharmaceuticals, Inc. in the current quarter, while forecast for next quarter EPS is $1.34 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $PulteGroup, Inc. which is $Parker-Hannifin Corporation at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $Pampa Energia S.A. in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 5.70% while it is estimated to decrease by -1.82% in next year. EPS is likely to shrink at an annualized rate of 5.30% for next 5-years, compared to annual growth of 50.22% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Jefferies on November 27, 2023 offering a Buy rating for the stock and assigned a target price of $107 to it.

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