PulteGroup Inc. Plans Quarterly Dividend of $0.05 (PHM)
PulteGroup (NYSE:PHM) announced a quarterly dividend on Wednesday, February 5th, American Banking News reports. Stockholders of record on Tuesday, March 11th will be paid a dividend of 0.05 per share on Wednesday, April 2nd. This represents a $0.20 annualized dividend and a dividend yield of 1.01%.
PHM has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of PulteGroup in a research note to investors on Tuesday. They now have a $21.00 price target on the stock. On a related note, analysts at Susquehanna upgraded shares of PulteGroup from a “neutral” rating to a “positive” rating in a research note to investors on Monday. They now have a $25.00 price target on the stock, up previously from $19.00. Finally, analysts at FBR Capital Markets raised their price target on shares of PulteGroup from $22.00 to $24.00 in a research note to investors on Friday, January 31st. They now have an “outperform” rating on the stock. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the stock. PulteGroup presently has an average rating of “Hold” and a consensus price target of $20.68.
PulteGroup (NYSE:PHM) traded down 2.16% on Wednesday, hitting $19.44. The stock had a trading volume of 7,508,763 shares. PulteGroup has a 52 week low of $14.23 and a 52 week high of $24.47. The stock’s 50-day moving average is $19.53 and its 200-day moving average is $17.57. The company has a market cap of $7.385 billion and a price-to-earnings ratio of 2.96.
PulteGroup (NYSE:PHM) last released its earnings data on Friday, January 31st. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.13. The company had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.68 billion. Analysts expect that PulteGroup will post $1.19 EPS for the current fiscal year.
In other PulteGroup news, VP James Ossowski unloaded 10,566 shares of the stock on the open market in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $20.01, for a total value of $211,425.66. Following the sale, the vice president now directly owns 49,401 shares of the company’s stock, valued at approximately $988,514. The sale was disclosed in a legal filing with the SEC, which is available at this link.
PulteGroup, Inc (NYSE:PHM) is a homebuilder in the United States.
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