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

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