Long-Term Investors Should Consider Buying the Dips in PulteGroup Inc. [PHM] Stock

PulteGroup Inc. [PHM] shares are up more than 4.63% this year and recently decreased -0.03% or -$1.11 to settle at $42.06. Analysts expect PHM to grow earnings at a 14.90% annual rate over the next 5 years. PHM has a short ratio of 2.48. This implies that the market is currently less bearish on the outlook for PHM.

On 3, December 2020, PulteGroup Increases Quarterly Cash Dividend by 17% to $0.14 Per Share. According to news published on Yahoo Finance, PulteGroup, Inc. (NYSE: PHM) announced today that its Board of Directors has voted to approve a 17% increase in the Company’s quarterly cash dividend to $0.14 per common share. The increase is effective with the Company’s next dividend which is payable January 5, 2021, to shareholders of record at the close of business on December 16, 2020.

Analyst Birdseye View:

The most recent analyst activity for PulteGroup Inc. [NYSE:PHM] stock was on October 26, 2020, when it was Upgrade with a Strong buy rating from Raymond James, which also raised its 12-month price target on the stock from $48 to $60. Before that, on November 19, 2020, Truist Recapitulated a Buy rating and elevated its amount target to $60. On October 23, 2020, Susquehanna Upgrade a Positive rating and boosted its price target on this stock to $54. On October 23, 2020, RBC Capital Mkts Upgrade an Outperform rating and increased its price target from $52 to $53. On July 27, 2020, Wells Fargo Upgrade an Overweight rating and increased its price target to $49. On July 24, 2020, Raymond James Upgrade an Outperform rating. On July 21, 2020, Susquehanna Downgrade a Neutral rating.

In the past 52 weeks of trading, this stock has oscillated between a low of $17.12 and a peak of $49.70. Right now, according to Wall Street analyst the average 12-month amount target is $55.69. At the most recent market close, shares of PulteGroup Inc. [NYSE:PHM] were valued at $42.06. According to the average price forecast, investors can expect a potential return of -1.62%.

FUNDAMENTAL ANALYSIS

PulteGroup Inc. [NYSE:PHM] most recently reported quarterly sales of 2.96 billion, which represented growth of 9.00%. This publicly-traded organization’s revenue is $1,947,180 per employee, while its income is $191,864 per employee. This company’s Gross Margin is currently 24.60%, its Operating Margin is 13.50%, its Pretax Margin is +13.12, and its Net Margin is +9.85. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 9.64, 19.59, 16.17 and 12.47 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 36.84 and the whole liability to whole assets at 29.70. It shows enduring liability to the whole principal at 32.84 and enduring liability to assets at 0.26 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 41.61 points at 1st support level, the second support level is making up to 41.15. But as of 1st resistance point, this stock is sitting at 42.86 and at 43.65 for 2nd resistance point.

PulteGroup Inc. [PHM] reported its earnings at $1.54 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $1.12/share signifying the difference of 0.42 and 37.50% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $1.29 calling estimates for $0.87/share with the difference of 0.42 depicting the surprise of 48.30%.

Important Ratio’s To Watch

Quick ratio, showing Cash ratio at 0.52. Now if looking for a valuation of this stock’s amount to sales ratio it’s 1.05, it’s amount to book ratio is 1.92 and showing 8.78 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by Sheldon Todd N, EVP, Gen Counsel, Corp Sec’y, and it was the purchase of 5000.0 shares on Oct 27. OShaughnessy Robert, the Exec. VP & CFO, completed a sale of 35726.0 shares on Aug 05. On Aug 04, OShaughnessy Robert, Exec. VP & CFO, completed a sale of 54774.0 shares.