Pulte stock: buy or sell?
August 23rd, 2019
PulteGroup, Inc., through its subsidiaries, primarily engages in the homebuilding business in the United States. The company is involved in the acquisition and development of land primarily for residential purposes; and the construction of housing on such land.
Should I buy Pulte stock?Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. Trading strategies are meant for helping you in the decision process of what stocks to choose and when is the best time to buy them. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.
None of our preferred buy setups matches with Pulte stock situation right now, therefore this is not a suitable entry point.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Pulte stock a buy?
Everyday, hundreds of stock ratings are published by financial analysts to indicate a particular stock's attractiveness.At Stocks2.com, we collected 8 ratings published for PHM stock in the last 30 days. The general sentiment of these ratings is bearish for PHM stock, with 3 negative ratings.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-8-23||Seaport Global Securities||n/a||Buy|
|2019-7-24||Royal Bank of Canada||Underperform||Sector Perform|
|2019-4-10||JPMorgan Chase & Co.||Underweight||Neutral|
|2019-2-14||Raymond James||Outperform||Market Perform|
|2019-1-30||Royal Bank of Canada||In-Line||Underperform|
|2019-1-11||Royal Bank of Canada||Sector Perform||Underperform|
Pulte stock analysis
After climbing for 4 days, Friday Pulte depreciated a fatal -1.39%, closing at $32.70.
After climbing for 4 sessions, Friday Pulte depreciated a fatal -1.39%, closing at $32.70. PHM shows a strong short term uptrend with several rising tops and rising bottoms. Since its last bottom on Aug 15th, PHM climbed unceasignly breaking out above its last top at 32.58. On April, SMA100d and SMA200d crossed up triggering a rise of 13.38%. On Aug/7 PHM price bounced up over the SMA of 100 days demonstrating to be a significant support for this stock.
Pulte shares gained 1.96% this week, ending at $32.70. With this, it's been 3 climbing weeks in a row, soaring a 4.27%.
Pulte stock is trading in the range of its last top and last bottom. Loosing would mean breaking the current uptrend. Breakdowns under last bottom are selling point signals for some trading strategies. Since late March when SMA20w and SMA40w crossed up, PHM price gained $6.21 per share (23.44%). Since price and SMA40w lines crossed up early March, PHM climbed $6.16 (23.21%).
Pulte stock price history
Pulte IPO was on March 17th, 1980 at $0.14 per share1. Since then, PHM stock surged a 23,257.10%, with an average of 596.30% per year. If you had invested right after PHM's IPO a $1,000 in Pulte stock in 1980, it would worth $232,571.00 today.
1: Adjusted price after possible price splits or reverse-splits.
Pulte stock historical price chart
PHM stock reached 52-week highs on July/22 at $34.03, and all-time highs 2005-07-28 with a price of 42.77.
Pulte stock price target is $23.70How much a stock will be priced tomorrow or next week is quite unpredictable However, many stock price predictions are published every day by banks, financial institutions and independent analysts. You should not follow the analysts' PHM stock price predictions in the hope that they will be met as they may be wrong and not met. We detected 4 price forecasts for Pulte stock released in the last 30 days:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-8-23||Seaport Global Securities||Initiates||n/a||$44.00||-|
|2019-1-30||Royal Bank of Canada||Lowers Target||$23.00||$2.90||-87.4%|
|2019-1-11||Royal Bank of Canada||Downgrades||n/a||$25.00||-|
Financials and fundamental analysis
Earnings date and Earnings per ShareAfter presenting its last earnings report on April, Pulte soared a decent 7.96%. As soon as we get its posted EPS from the earnings report, we will update this review.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual sales report draw an astounding growth of 18.78% to $10,188.30 million USD. When comparing 2018 vs 2017, however, profit margin (that is, the net income divided by revenues) grew a 4.82% to 10.03%. To have an up to date view of the financial situation of Pulte, we have calculated the trailing twelve month (TTM) sales and income figures. TTM values are the sum of the last 4 quarters and aproximate to an annual fiscal report ending in 2019-Q1 that can be compared to 2018 fiscal year results. Annual Pulte TTM sales up to March 2019 were $10,214.93 and income was $1,018.03 million dollars. When comparing this TTM figures with the last reported annuality, we can review Pulte business evolution since December 2018: Annual sales up to March, compared to lastest yearly report, remained steady a neutral 0.26%. Similarly, profit margin (net income/revenues) stayed constant at 10.03%.
|2013||$5,600 M||-||$2,600 M46.4%||-|
|2014||$5,822 M||3.97%||$474 M8.1%||-81.76%|
|2015||$5,982 M||2.74%||$494 M8.3%||4.16%|
|2016||$7,668 M||28.19%||$603 M7.9%||21.98%|
|2017||$8,578 M||11.86%||$447 M5.2%||-25.80%|
|2018||$10,188 M||18.78%||$1,022 M10.0%||128.53%|
|TTM||$10,215 M||0.26%||$1,018 M10.0%||-0.39%|
Quarterly financial resultsPulte posted $1,996.69 million in revenues for 2019-Q1, a -33.42% decline compared to previous quarter. Reported quarter earnings marked $166.76 million with a profit margin of 8.35%. Profit margin remained constant a 0.43% compared to previous quarter when profit margin was 7.92%. When comparing revenues to same quarter last year, Pulte sales marked a slightly good gain and appreciated a 1.35%.
|2017-Q2||$2,080 M||-||$100 M4.8%||-|
|2017-Q3||$2,100 M||0.96%||$176 M8.4%||76.16%|
|2017-Q4||$2,790 M||32.88%||$77 M2.8%||-55.91%|
|2018-Q1||$1,970 M||-29.40%||$171 M8.7%||120.57%|
|2018-Q2||$2,570 M||30.44%||$324 M12.6%||89.80%|
|2018-Q3||$2,649 M||3.10%||$290 M10.9%||-10.66%|
|2018-Q4||$2,999 M||13.20%||$238 M7.9%||-17.92%|
|2019-Q1||$1,997 M||-33.42%||$167 M8.4%||-29.83%|
Pulte ownershipWhen you are planning to buy a company, it's always worth to review its ownership structure.
Pulte shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 7.66% of all shares.
Bearish positions for PHM stock account 0.00%, no big difference from last month.
For a better understanding, the next table shows ownership data compared to other related stocks:
|Market cap||$9.1 B||$18.4 B||$2.5 B||$2.3 B||$5.0 B|
|Total shares||277.1 M||373.2 M||87.0 M||61.5 M||143.9 M|
|Float shares||254.2 M||335.4 M||78.2 M||49.3 M||132.0 M|
|- Institutional holdings (%)||92.1%||85.7%||91.7%||82.6%||84.8%|
|- Insider holdings (%)||7.7%||8.2%||11.7%||20.0%||8.1%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Friday, August 23rd, 2019|
|Day range||$32.63 - $33.73|
|Average true range||$0.76|
|50d mov avg||$32.21|
|100d mov avg||$31.63|
|200d mov avg||$29.03|
Pulte performanceTo measure stock performance is always good to compare with competitors or related stocks. We compared Pulte against D.R. Horton, , M.D.C and Toll Brothers in the following table: