Share on StockTwits

Shares of PulteGroup (NYSE:PHM) saw a large increase in short interest in May. As of May 15th, there was short interest totalling 17,596,736 shares, an increase of 20.8% from the April 30th total of 14,568,646 shares, Analyst Ratings News reports. Approximately 5.2% of the shares of the stock are short sold. Based on an average trading volume of 6,403,923 shares, the short-interest ratio is presently 2.7 days.

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 on Thursday. They now have a $21.00 price target on the stock. Finally, analysts at Barclays downgraded shares of PulteGroup from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, March 25th. They now have a $20.00 price target on the stock, down previously from $21.00. They noted that the move was a valuation call. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $21.63.

PulteGroup (NYSE:PHM) opened at 20.13 on Monday. PulteGroup has a 1-year low of $14.23 and a 1-year high of $21.75. The stock has a 50-day moving average of $18.94 and a 200-day moving average of $19.25. The company has a market cap of $7.622 billion and a P/E ratio of 2.96.

PulteGroup (NYSE:PHM) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.19 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.20 by $0.01. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter last year, the company posted $0.21 earnings per share. PulteGroup’s revenue was down 3.8% compared to the same quarter last year. Analysts expect that PulteGroup will post $1.16 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, July 2nd. Shareholders of record on Thursday, June 19th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Tuesday, June 17th.

PulteGroup, Inc (NYSE:PHM) is a homebuilder in the United States.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.