In the latest trading session, 0.93 million PulteGroup Inc (NYSE:PHM) shares changed hands as the company’s beta touched 1.63. With the company’s most recent per share price at $136.05 changed hands at -$8.21 or -5.69% at last look, the market valuation stands at $28.23B. PHM’s current price is a discount, trading about -9.86% off its 52-week high of $149.47. The share price had its 52-week low at $68.80, which suggests the last value was 49.43% up since then. When we look at PulteGroup Inc’s average trading volume, we note the 10-day average is 1.32 million shares, with the 3-month average coming to 1.85 million.
Analysts gave the PulteGroup Inc (PHM) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.12. If we narrow down to specifics, the data shows that 1 out of 21 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 6 recommended PHM as a Hold, 14 felt it is a Buy and 0 rated the stock as Underweight. PulteGroup Inc’s EPS for the current quarter is expected to be 3.11.
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PulteGroup Inc (NYSE:PHM) trade information
Instantly PHM was in red as seen in intraday trades today. With action -5.93%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 31.81%, with the 5-day performance at -5.93% in the red. However, in the 30-day time frame, PulteGroup Inc (NYSE:PHM) is -5.22% down. Looking at the short shares, we see there were 6.74 million shares sold at short interest cover period of 3.23 days.
The consensus price target for the stock as assigned by Wall Street analysts is 69.5, meaning bulls need a downside of -95.76% from its recent market value. According to analyst projections, PHM’s forecast low is 50 with 165 as the target high. To hit the forecast high, the stock’s price needs a -21.28% plunge from its current level, while the stock would need to tank 63.25% for it to hit the projected low.
PulteGroup Inc (PHM) estimates and forecasts
Data shows that the PulteGroup Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 20.65% over the past 6 months, a 13.99% in annual growth rate that is considerably higher than the industry average of 11.20%. Year-over-year growth is forecast to reach 8.30% up from the last financial year.
Consensus estimates given by 12 financial analysts project the company’s revenue in the current quarter to hit an average of 4.26B. 12 analysts are of the opinion that PulteGroup Inc’s revenue for the current quarter will be 4.56B. The company’s revenue for the corresponding quarters a year ago was 4B and 4.29B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 6.50%. The estimates for the next quarter sales put growth at 6.20%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 26.99%. The 2024 estimates are for PulteGroup Inc earnings to increase by 13.88%, but the outlook for the next 5-year period is at 18.98% per year.
PHM Dividends
PulteGroup Inc is expected to release its next quarterly earnings report on 2024-Oct-22. The 0.59% annual yield figure for the share gives it an annual dividend of 0.80. It is important to note, however, that the 0.59% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 1.06 per year.
PulteGroup Inc (NYSE:PHM)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.69% of PulteGroup Inc shares while 93.04% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 93.69%. There are 93.04% institutions holding the PulteGroup Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 11.3906% of the shares, roughly 24.13 million PHM shares worth $2.66 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 10.318% or 21.86 million shares worth $2.41 billion as of 2024-06-30.
