Is PulteGroup Inc (NYSE: PHM) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Most recently, Yahoo Finance reported about the stock as it publicized that PulteGroup Design Team Reveals Top Home Trends for 2024.

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Stocks Info

PHM belongs to the Consumer Cyclical sector of the NYSE while operating in the Residential Construction industry. At the end of the last regular session, the stock closed at $120.62 and fluctuated between $120.89 as its day high and $118.09 as its day low. The current market capitalization of PulteGroup Inc is $25.58B. A total of 1.62 million shares were traded on the day, compared to an average of 1.81M shares.

In the most recent transaction, O’Meara Brien P. sold 2,000 shares of PHM for 103.09 per share on Feb 06 ’24. After the transaction, the Vice President & Controller now owns 15,389 company shares. In a previous transaction on Aug 03 ’23, Snyder Lila sold 4,000 shares at 80.73 per share. PHM shares that Director owns now total 5,540.

Among the insiders who sold shares, OShaughnessy Robert disposed of 115,102 shares on Apr 28 ’23 at a per-share price of $66.90. This resulted in the Exec. VP & CFO holding 177,564 shares of PHM after the transaction. In another insider transaction, ANDERSON BRIAN P sold 15,000 shares at $66.95 per share on Apr 28 ’23. Company shares held by the Director now total 55,886.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. PulteGroup Inc pays an annual dividend of $0.72, resulting in a dividend yield of 0.60%, and it has a price to earnings (P/E) ratio of 10.27. PHM’s most recent ex-dividend date was 3/14/2024 when it declared a $0.20 quarterly dividend that was paid in cash on 4/2/2024. Previously, the company paid the dividend on 1/3/2024 with an ex-dividend date of 12/18/2023. The PHM stock dividend was $0.20 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, PHM has a high of $118.26 and a low of $56.62.

As of this writing, PHM has an earnings estimate of $2.36 per share for the current quarter. EPS was calculated based on a consensus of 17 estimates, with a high estimate of $2.49 per share and a lower estimate of $2.28. The company reported an EPS of $2.9 in the last quarter, which was 2.10% higher than expectations of $2.84.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. PHM’s latest balance sheet shows that the firm has $2.73B in Cash & Short Term Investments as of fiscal 2021. There were $2.75B in debt and $1.62B in liabilities at the time. Its Book Value Per Share was $48.85, while its Total Shareholder’s Equity was $7.49B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 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 Buy with a score of 4.31.

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