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Wednesday, February 1, 2023

Investing In PulteGroup Inc. (NYSE: PHM): Why Should You?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for PulteGroup Inc. (PHM) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.22, or 0.46%, to $47.89. The PulteGroup Inc. has recorded 243,845 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Pultegroup Announces Brandon Jones, Senior Vice President – Field Operations, to Leave the Company.

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Stocks Info

The company is listed on the NYSE and operates within the Residential Construction industry segment. At the end of the last regular session, the stock closed at $47.67 and fluctuated between $47.93 as its day high and $46.60 as its day low. The current market capitalization of PulteGroup Inc. is $10.93B. A total of 2.12 million shares were traded on the day, compared to an average of 2.29M shares.

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, PHM has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 15 BUYs and 14 SELLs from insiders. Insiders purchased 240,778 shares during that period but sold 145,236.

In the most recent transaction, Chadwick John J. sold 15,090 shares of PHM for 49.05 per share on Feb 28. After the transaction, the Exec VP & Chief Operating Ofcr now owns 82,590 company shares.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. PulteGroup Inc. pays an annual dividend of $0.64, resulting in a dividend yield of 1.34%, and it has a price to earnings (P/E) ratio of 4.78. PHM’s most recent ex-dividend date was 12/13/2022 when it declared a $0.16 quarterly dividend that was paid in cash on 1/3/2023. Previously, the company paid the dividend on 10/4/2022 with an ex-dividend date of 9/21/2022. The PHM stock dividend was $0.15 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for PHM in the last 3 months, the mean price target is $52.92 with high estimates of $65.00 and low estimates of $41.00. In terms of 52-week highs and lows, PHM has a high of $58.09 and a low of $35.03.

As of this writing, PHM has an earnings estimate of $3.03 per share for the current quarter. EPS was calculated based on a consensus of 14 estimates, with a high estimate of $3.98 per share and a lower estimate of $2.8. The company reported an EPS of $2.73 in the last quarter, which was 3.80% higher than expectations of $2.63.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 15 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PHM is Underweight with a score of 4.00. A total of 7 analysts rated the stock as Buy while 1 rated it as Overweight while 7 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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