Hot Stock under Review: PulteGroup Inc. (NYSE: PHM)

ATLANTA, January 18, 2019 – Shares of PulteGroup Inc. (NYSE: PHM) gained 0.91% to $42.04. The stock traded total volume of 252.304K shares lower than the average volume of 3.33M shares.

For the quarter, PulteGroup Inc. (NYSE: PHM) reported net income of $273.0M, or $0.99 per share. Adjusted net income for the period was $280.0M, or $1.01 per share, after excluding a $9.0M pre-tax warranty charge taken in the quarter related to a closed-out community. Reported prior year net income was $290.0M, or $1.01 per share.

Third Quarter Results:

Home sale revenues for the third quarter increased 3% over the prior year to $2.60B. The higher revenues for the period reflect a 3% increase in closings to 6,186 homes. The average price of homes closed was $426.0K, which is consistent with the prior year.

During the quarter, the Company repurchased 4.10M common shares for $136.0M, or an average price of $32.93 per share. For the first nine months of 2019, the Company repurchased a total of 7.70M common shares for $244.0M, or an average price of $31.86 per share.

PHM has the market capitalization of $11.24B and its EPS growth ratio for the past five years was -12.00%. The return on assets ratio of the Company was 8.20% while its return on investment ratio stands at 12.50%. Price to sales ratio was 1.10 while 90.50% of the stock was owned by institutional investors.

Alton Simmons

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