PulteGroup, Inc. (PHM) Receives Consensus Recommendation of “Hold” from Analysts
Shares of PulteGroup, Inc. (NYSE:PHM) have earned a consensus rating of “Hold” from the fifteen research firms that are presently covering the firm. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $23.30.
Several research firms have weighed in on PHM. Wedbush reaffirmed an “underperform” rating and set a $15.00 price target on shares of PulteGroup in a research report on Tuesday, May 9th. Mizuho began coverage on PulteGroup in a research report on Tuesday. They set a “neutral” rating and a $22.00 price target on the stock. Zacks Investment Research raised PulteGroup from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Wednesday, April 26th. Royal Bank of Canada boosted their price target on PulteGroup from $22.00 to $24.00 and gave the stock an “outperform” rating in a research report on Friday, January 27th. Finally, FBR & Co raised PulteGroup from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $23.00 to $26.00 in a research report on Tuesday, February 14th.
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Shares of PulteGroup (NYSE:PHM) traded up 1.67% during midday trading on Friday, reaching $23.13. The company’s stock had a trading volume of 3,835,608 shares. The company has a 50-day moving average price of $23.08 and a 200-day moving average price of $21.04. The firm has a market cap of $7.30 billion, a price-to-earnings ratio of 12.77 and a beta of 1.24. PulteGroup has a 12 month low of $17.69 and a 12 month high of $24.43.
PulteGroup (NYSE:PHM) last posted its quarterly earnings results on Tuesday, April 25th. The construction company reported $0.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.02. The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.77 billion. PulteGroup had a return on equity of 12.29% and a net margin of 7.86%. The business’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.24 EPS. Equities analysts expect that PulteGroup will post $2.24 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 5th. Stockholders of record on Thursday, June 8th will be paid a dividend of $0.09 per share. The ex-dividend date is Tuesday, June 6th. This represents a $0.36 annualized dividend and a dividend yield of 1.58%. PulteGroup’s dividend payout ratio is currently 20.22%.
In related news, insider James R. Ellinghausen sold 33,814 shares of the business’s stock in a transaction on Wednesday, February 22nd. The stock was sold at an average price of $21.82, for a total value of $737,821.48. Following the completion of the sale, the insider now directly owns 411,524 shares in the company, valued at approximately $8,979,453.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard J. Dugas, Jr. sold 3,000 shares of the business’s stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $24.00, for a total value of $72,000.00. Following the completion of the sale, the director now owns 1,052,927 shares of the company’s stock, valued at $25,270,248. The disclosure for this sale can be found here. Insiders have sold a total of 213,814 shares of company stock valued at $5,067,531 over the last quarter. 1.83% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in PHM. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in PulteGroup by 34.3% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 62,734 shares of the construction company’s stock valued at $1,257,000 after buying an additional 16,021 shares during the period. LMR Partners LLP purchased a new stake in PulteGroup during the third quarter valued at about $1,165,000. Hellman Jordan Management Co. Inc. MA purchased a new stake in PulteGroup during the third quarter valued at about $1,028,000. Boys Arnold & Co. Inc. purchased a new stake in PulteGroup during the third quarter valued at about $367,000. Finally, BB&T Corp increased its stake in PulteGroup by 6.7% in the third quarter. BB&T Corp now owns 458,209 shares of the construction company’s stock valued at $9,182,000 after buying an additional 28,767 shares during the period. Institutional investors and hedge funds own 88.78% of the company’s stock.
PulteGroup, Inc is a homebuilder in the United States. The Company’s segments include Homebuilding and Financial Services. Its Homebuilding operations are engaged in the acquisition and development of land primarily for residential purposes within the United States and the construction of housing on such land.
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