PulteGroup Inc. (PHM) Scheduled to Post Quarterly Earnings on Thursday
PulteGroup Inc. (NYSE:PHM) is set to issue its Q316 quarterly earnings data on Thursday, October 20th. Analysts expect the company to announce earnings of $0.44 per share and revenue of $1.94 billion for the quarter.
PulteGroup Inc. (NYSE:PHM) opened at 19.81 on Wednesday. The stock’s 50 day moving average price is $20.09 and its 200-day moving average price is $19.66. PulteGroup Inc. has a 1-year low of $14.61 and a 1-year high of $22.40. The company has a market cap of $6.81 billion, a PE ratio of 13.04 and a beta of 1.50.
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 4th. Investors of record on Tuesday, September 20th were given a dividend of $0.09 per share. The ex-dividend date was Friday, September 16th. This represents a $0.36 dividend on an annualized basis and a yield of 1.82%. PulteGroup’s dividend payout ratio (DPR) is currently 23.68%.
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In other PulteGroup news, VP James L. Ossowski sold 11,655 shares of the firm’s stock in a transaction on Monday, July 25th. The stock was sold at an average price of C$25.75, for a total transaction of C$300,116.25. Following the completion of the sale, the vice president now owns 51,880 shares of the company’s stock, valued at approximately C$1,335,910. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Steven M. Cook sold 20,000 shares of the firm’s stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of C$22.06, for a total value of C$441,200.00. Following the sale, the executive vice president now directly owns 261,626 shares of the company’s stock, valued at approximately C$5,771,469.56. The disclosure for this sale can be found here. 1.83% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in PHM. American Century Companies Inc. increased its stake in shares of PulteGroup by 21.7% in the second quarter. American Century Companies Inc. now owns 5,007,329 shares of the company’s stock valued at $97,593,000 after buying an additional 893,841 shares in the last quarter. Guggenheim Capital LLC increased its stake in shares of PulteGroup by 1.6% in the second quarter. Guggenheim Capital LLC now owns 1,367,741 shares of the company’s stock valued at $26,658,000 after buying an additional 21,462 shares in the last quarter. Lord Abbett & CO. LLC acquired a new stake in shares of PulteGroup during the second quarter valued at about $13,193,000. BlackRock Inc. increased its stake in shares of PulteGroup by 13.0% in the second quarter. BlackRock Inc. now owns 641,597 shares of the company’s stock valued at $12,505,000 after buying an additional 74,043 shares in the last quarter. Finally, Parametric Portfolio Associates LLC increased its stake in shares of PulteGroup by 5.6% in the second quarter. Parametric Portfolio Associates LLC now owns 603,509 shares of the company’s stock valued at $11,762,000 after buying an additional 31,756 shares in the last quarter. 89.08% of the stock is owned by institutional investors and hedge funds.
PHM has been the topic of a number of analyst reports. Royal Bank Of Canada raised their target price on shares of PulteGroup from $23.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, July 22nd. Zacks Investment Research raised shares of PulteGroup from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Monday, July 25th. Wedbush began coverage on shares of PulteGroup in a research note on Monday, September 19th. They set an “underperform” rating and a $16.00 price target on the stock. Credit Suisse Group AG reaffirmed a “sell” rating on shares of PulteGroup in a research note on Tuesday, July 12th. Finally, FBR & Co reaffirmed a “marketperform” rating and set a $24.00 price target on shares of PulteGroup in a research note on Thursday, September 29th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of C$21.53.
PulteGroup, Inc is a homebuilder operating in the United States. The Company, through Pulte Mortgage LLC, is engaged in mortgage banking operations and title operations. The Company’s subsidiaries are also engaged in the homebuilding business. The Company operates through Homebuilding and Financial Services segments.
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