Monthly Stock Report: PulteGroup, Inc. (PHM)
Publication Date: September 22, 2024
Company Overview
PulteGroup, Inc. (PHM), based in Atlanta, Georgia, is a leading entity in the residential construction industry, established in 1950. The company primarily focuses on homebuilding, acquiring and developing land for various housing options, including single-family homes, townhomes, and condominiums. PulteGroup operates under several well-known brands, such as Centex and Pulte Homes. Besides construction, the firm also provides mortgage financing and related services to homebuyers, positioning itself as a comprehensive player in the Consumer Cyclical sector, particularly within the Consumer Discretionary GICS category.
Financial Performance & Market Outlook
PulteGroup showcases strong financial health, reporting a total revenue of approximately $16.85 billion. Analysts maintain a positive outlook, with a target price of $198.00, which reflects a potential upside of around 39.5% from the current price of $141.86. The investment community largely recommends a “buy,” with a mean recommendation score of 2.3 based on 14 analyst assessments. This indicates confidence in the company’s growth amidst current market conditions and strong consumer demand for residential properties.
The stock’s 52-week performance has been notable, with a high of $145.84 and a low of $68.80, showcasing significant volatility. The current stock price also surpasses the 50-day moving average of $128.64, signaling a bullish trend. Additionally, with 207,524,000 shares outstanding and only 7,446,407 shares shorted (approximately 0.0465% of the float), market confidence appears robust, with investors not heavily betting against PulteGroup’s performance.
Analysts’ Price Targets
The analysis of stock price targets reveals a favorable outlook for PulteGroup. The high target price is set at $198.00, while the low target price is noted at $115.00, with a mean target at $143.75. The median target price stands at $142.74, suggesting that analysts’ expectations are closely aligned. This range, coupled with the significant upside potential, reinforces the attractiveness of this investment at present.
In summary, PulteGroup, Inc. showcases a resilient financial position, strong market outlook, and favorable analyst sentiment, making it a notable candidate for investors seeking opportunities in the residential construction sector.
| Metric | Value |
|---|---|
| Market Cap | $29.4b |
| Total Debt | $2.3b |
| Total Cash | $1.4b |
| Shares Outstanding | 207.5m |
| Float Shares | 205.8m |
Disclaimer:
The information provided in this monthly report is for informational purposes only and should not be construed as financial, investment, or trading advice. AltStation.io does not guarantee the accuracy, completeness, or timeliness of the data and analyses presented. The content is based on publicly available information, and while we strive to ensure its accuracy, errors and omissions may occur.
Investing in stocks, cryptocurrencies, and other financial instruments involves significant risk, including the potential loss of principal. Past performance is not indicative of future results. Readers should conduct their own research and consult with a qualified financial advisor before making any investment decisions. AltStation.io and its affiliates are not responsible for any losses incurred as a result of using this report.
By using this report, you acknowledge that you understand and accept these terms.