PulteGroup, Inc. (NYSE:PHM) – Equities research analysts at KeyCorp reduced their Q4 2017 earnings per share (EPS) estimates for shares of PulteGroup in a report issued on Tuesday. KeyCorp analyst K. Zener now forecasts that the construction company will post earnings per share of $0.79 for the quarter, down from their prior forecast of $0.80.

PulteGroup (NYSE:PHM) last posted its quarterly earnings results on Tuesday, July 25th. The construction company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.02. The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.03 billion. PulteGroup had a return on equity of 13.43% and a net margin of 7.35%. PulteGroup’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period last year, the company earned $0.37 EPS.

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Several other brokerages have also commented on PHM. Zacks Investment Research upgraded PulteGroup from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Tuesday, July 4th. FBR & Co reiterated an “outperform” rating and set a $28.00 price objective (up previously from $26.00) on shares of PulteGroup in a research note on Wednesday. Wedbush reiterated an “underperform” rating and set a $15.00 price objective on shares of PulteGroup in a research note on Tuesday, April 25th. Mizuho began coverage on PulteGroup in a research report on Tuesday, May 16th. They set a “neutral” rating and a $22.00 target price on the stock. Finally, BidaskClub cut PulteGroup from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 13th. One analyst has rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $25.08.

Shares of PulteGroup (NYSE PHM) traded down 0.1408% during midday trading on Friday, hitting $24.3257. The stock had a trading volume of 2,839,794 shares. PulteGroup has a 52-week low of $17.69 and a 52-week high of $25.20. The company has a market cap of $7.67 billion, a PE ratio of 13.4322 and a beta of 1.15. The company’s 50 day moving average is $24.27 and its 200 day moving average is $22.82.

Several hedge funds have recently added to or reduced their stakes in PHM. Hartwell J M Limited Partnership bought a new stake in PulteGroup during the first quarter worth approximately $516,000. Commerce Bank purchased a new position in PulteGroup during the first quarter valued at $207,000. First Trust Advisors LP increased its position in PulteGroup by 30.0% in the first quarter. First Trust Advisors LP now owns 1,264,856 shares of the construction company’s stock valued at $29,787,000 after buying an additional 291,555 shares during the period. LS Investment Advisors LLC increased its position in PulteGroup by 5.5% in the first quarter. LS Investment Advisors LLC now owns 15,663 shares of the construction company’s stock valued at $369,000 after buying an additional 819 shares during the period. Finally, Renaissance Technologies LLC purchased a new position in PulteGroup during the first quarter valued at $92,466,000. Institutional investors own 87.85% of the company’s stock.

In other PulteGroup news, Director Brian P. Anderson sold 14,000 shares of the business’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $23.18, for a total transaction of $324,520.00. Following the completion of the transaction, the director now directly owns 108,744 shares of the company’s stock, valued at approximately $2,520,685.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.71% of the company’s stock.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 5th. Stockholders of record on Thursday, June 8th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.48%. The ex-dividend date was Tuesday, June 6th. PulteGroup’s dividend payout ratio (DPR) is presently 20.00%.

About PulteGroup

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.

Earnings History and Estimates for PulteGroup (NYSE:PHM)

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