PulteGroup, Inc. (PHM) Receives Average Rating of “Hold” from Brokerages
PulteGroup, Inc. (NYSE:PHM) has been given a consensus rating of “Hold” by the fifteen research firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $25.10.
A number of research firms recently commented on PHM. Zacks Investment Research cut PulteGroup from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Royal Bank Of Canada reaffirmed a “buy” rating and set a $28.00 price objective on shares of PulteGroup in a report on Monday, September 25th. MKM Partners restated a “neutral” rating on shares of PulteGroup in a report on Tuesday, September 5th. BidaskClub upgraded PulteGroup from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 17th. Finally, Citigroup Inc. increased their price target on PulteGroup from $23.00 to $26.00 and gave the company a “neutral” rating in a report on Wednesday, July 26th.
A number of hedge funds have recently modified their holdings of PHM. Tower Research Capital LLC TRC boosted its position in PulteGroup by 3.8% during the second quarter. Tower Research Capital LLC TRC now owns 4,086 shares of the construction company’s stock valued at $100,000 after purchasing an additional 148 shares in the last quarter. Ameritas Investment Partners Inc. bought a new stake in PulteGroup during the first quarter valued at about $155,000. Northwestern Mutual Wealth Management Co. raised its stake in PulteGroup by 7.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,845 shares of the construction company’s stock valued at $168,000 after buying an additional 465 shares during the last quarter. Koch Industries Inc. purchased a new stake in PulteGroup in the second quarter valued at about $220,000. Finally, QCM Cayman Ltd. purchased a new stake in PulteGroup in the second quarter valued at about $223,000. 85.50% of the stock is currently owned by institutional investors.
Shares of PulteGroup (NYSE:PHM) traded up 0.04% during trading on Wednesday, reaching $27.33. 2,321,012 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $26.52 and a 200 day moving average price of $24.59. The firm has a market cap of $8.25 billion, a price-to-earnings ratio of 15.12 and a beta of 1.06. PulteGroup has a 12 month low of $17.69 and a 12 month high of $27.76.
PulteGroup (NYSE:PHM) last announced its quarterly earnings data on Tuesday, July 25th. The construction company reported $0.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.02. The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.03 billion. PulteGroup had a return on equity of 13.43% and a net margin of 7.35%. The firm’s revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.37 EPS. On average, analysts forecast that PulteGroup will post $2.06 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 3rd. Investors of record on Tuesday, September 19th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend was Monday, September 18th. PulteGroup’s payout ratio is currently 20.00%.
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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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