Get 40% Off
🔥 This hedge fund gained 26.16% in the last month. Get their top stocks with our free stock ideas tool.See stock ideas

Is PulteGroup (PHM) Stock Outpacing Its Construction Peers This Year?

Published 02/09/2020, 11:30 PM
Updated 07/09/2023, 06:31 AM
PHM
-

Investors focused on the Construction space have likely heard of PulteGroup (NYSE:PHM), but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Construction sector should help us answer this question.

PulteGroup is a member of the Construction sector. This group includes 102 individual stocks and currently holds a Zacks Sector Rank of #3. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. PHM is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past 90 days, the Zacks Consensus Estimate for PHM's full-year earnings has moved 4.65% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Based on the most recent data, PHM has returned 18.81% so far this year. At the same time, Construction stocks have gained an average of 1.54%. This means that PulteGroup is performing better than its sector in terms of year-to-date returns.

Looking more specifically, PHM belongs to the Building Products - Home Builders industry, a group that includes 19 individual stocks and currently sits at #42 in the Zacks Industry Rank. This group has gained an average of 17.78% so far this year, so PHM is performing better in this area.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Investors with an interest in Construction stocks should continue to track PHM. The stock will be looking to continue its solid performance.



Avis Budget Group, Inc. (CAR): Free Stock Analysis Report

Original post

Zacks Investment Research

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.