PulteGroup Inc (NYSE: PHM): Stock That Needs Special Handling

Currently, there are 212.56M common shares owned by the public and among those 208.78M shares have been available to trade.

The company’s stock has a 5-day price change of 0.89% and 16.54% over the past three months. PHM shares are trading 21.75% year to date (YTD), with the 12-month market performance up to 60.93% higher. It has a 12-month low price of $68.80 and touched a high of $129.85 over the same period. PHM has an average intraday trading volume of 1.84 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 11.34%, 10.07%, and 21.93% respectively.

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Institutional ownership of PulteGroup Inc (NYSE: PHM) shares accounts for 92.01% of the company’s 212.56M shares outstanding.

It has a market capitalization of $26.43B and a beta (3y monthly) value of 1.62. The stock’s trailing 12-month PE ratio is 10.05, while the earnings-per-share (ttm) stands at $12.50. The company has a PEG of 1.90 and a Quick Ratio of 0.52 with the debt-to-equity ratio at 0.24. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.55% over the week and 2.84% over the month.

Earnings per share for the fiscal year are expected to increase by 12.22%, and 3.61% over the next financial year. EPS should shrink at an annualized rate of 5.30% over the next five years, compared to 26.99% over the past 5-year period.

Looking at the support for the PHM, a number of firms have released research notes about the stock. Citigroup stated their Neutral rating for the stock in a research note on January 08, 2024, with the firm’s price target at $87-$113. UBS coverage for the PulteGroup Inc (PHM) stock in a research note released on January 04, 2024 offered a Neutral rating with a price target of $120. Jefferies was of a view on November 27, 2023 that the stock is Buy, while Wells Fargo gave the stock Overweight rating on October 17, 2023, issuing a price target of $80. Raymond James on their part issued Outperform rating on July 14, 2023.

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