Taking a Fresh Look at PulteGroup, Inc. (PHM)

 

PulteGroup, Inc. (PHM) is an interesting player in the Industrial Goods space, with a focus on Residential Construction. The stock has been active on the tape, currently trading at $24.28, up from yesterday’s close by 0.66%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

No amount of research is complete without a bird’s eye view of the financial data. PulteGroup, Inc. (PHM) currently trades with a market capitalization of $7.72 Billion. That value represents a market adjusting for revenues that have been growing by 13.70 % on a quarterly year/year basis as of the company’s last quarterly report.



The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For PHM, the company currently has $423.86 Million of cash on the books, which is offset by $140.38 Million current liabilities. You can get a sense of how sustainable that is by a levered free cash flow of $131.16 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.45 on a per share basis this quarter. Perhaps, that suggests something about why 70.39% of the outstanding share supply is held by institutional investors.

Technical Analysis

Sometimes, we can understand most about a stock by simply looking at how it has been trading. Looking at the stock’s movement on the chart, PulteGroup, Inc. recorded a 52-week high of $24.43. It is now trading 0.15% off that level. The stock is trading $23.13 its 50-day moving average by -1.15%. The stock carved out a 52-week low down at $17.69.

In recent action, PulteGroup, Inc. (PHM) has made a move of +5.24% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is outperforming the S&P 500 by 12.8, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 6.81% with $289.84 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of PHM.

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