Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate PulteGroup, Inc. before investing.

In this article, we go over a few key elements for understanding PulteGroup, Inc.’s stock price such as:

• PulteGroup, Inc.’s current stock price and volume
• Why PulteGroup, Inc.’s stock price changed recently
• Upgrades and downgrades for PHM from analysts
• PHM’s stock price momentum as measured by its relative strength

About PulteGroup, Inc. (PHM)

Before we jump into PulteGroup, Inc.’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

PulteGroup, Inc. is a homebuilder in the United States. The Company's segments include Homebuilding and Financial Services. The Homebuilding operations are engaged in the acquisition and development of land primarily for residential purposes within the United States and the construction of housing on such land. The Financial Services segment consist principally of mortgage banking, title, and insurance agency operations, through Pulte Mortgage LLC (Pulte Mortgage) and other subsidiaries. Pulte Mortgage arranges financing through the origination of mortgage loans primarily for the benefit of its homebuyers. Its Homebuilding operations are aggregated into six segments: Northeast, Southeast, Florida, Midwest, Texas and West. The Company, through its brands, such as Centex, Pulte Homes, Del Webb, DiVosta Homes, John Wieland Homes and Neighborhoods, and American West offers variety of home designs with varying levels of options and amenities to its customer groups.

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PulteGroup, Inc.’s Stock Price as of Market Close

As of May 15, 2024, 4:00 PM, CST, PulteGroup, Inc.’s stock price was $122.07.

PulteGroup, Inc. is up 5.07% from its previous closing price of $116.18.

During the last market session, PulteGroup, Inc.’s stock traded between $115.84 and $117.30. Currently, there are 211.84 million shares of PulteGroup, Inc. stock available for purchase.

PulteGroup, Inc.’s price-earnings (P/E) ratio is currently at 9.3, which is low compared to the Homebuilding industry median of 9.6. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

PulteGroup, Inc. Stock Price History

PulteGroup, Inc.’s (PHM) price is currently up 9.56% so far this month.

During the month of May, PulteGroup, Inc.’s stock price has reached a high of $122.35 and a low of $110.44.

Over the last year, PulteGroup, Inc. has hit prices as high as $121.08 and as low as $65.16. Year to date, PulteGroup, Inc.’s stock is up 168.11%.

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What Caused PulteGroup, Inc. Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of May 14, 2024, there were 0 analysts who downgraded PulteGroup, Inc.’s stock and 15 analysts who upgraded over the last month.

Additionally, you'll want to evaluate PulteGroup, Inc.’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on PulteGroup, Inc.’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

PulteGroup, Inc.’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about PulteGroup, Inc. (PHM) by visiting AAII Stock Evaluator.

Relative Price Strength of PulteGroup, Inc.

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of May 14, 2024, PulteGroup, Inc. has a weighted four-quarter relative price strength of 7.49%, which translates to a Momentum Score of 83 and is considered to be Very Strong.

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PulteGroup, Inc. Stock Price: Bottom Line

As of May 15, 2024, PulteGroup, Inc.’s stock price is $122.07, which is up 5.07% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like PulteGroup, Inc. stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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