PulteGroup, Inc. (PHM) Given Average Rating of “Hold” by Analysts
PulteGroup, Inc. (NYSE:PHM) has been assigned an average recommendation of “Hold” from the seventeen brokerages that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $29.64.
A number of brokerages have issued reports on PHM. B. Riley reaffirmed a “buy” rating on shares of PulteGroup in a research report on Wednesday, November 1st. BidaskClub raised shares of PulteGroup from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 17th. Zacks Investment Research downgraded shares of PulteGroup from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. Barclays set a $26.00 price objective on shares of PulteGroup and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Finally, Bank of America set a $34.00 price objective on shares of PulteGroup and gave the stock a “buy” rating in a research report on Wednesday, October 25th.
Shares of PulteGroup (PHM) traded up $0.49 during mid-day trading on Thursday, reaching $33.59. 5,180,195 shares of the company’s stock were exchanged, compared to its average volume of 5,087,193. PulteGroup has a twelve month low of $18.18 and a twelve month high of $34.60. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.72. The company has a market cap of $9,870.00, a P/E ratio of 16.34, a price-to-earnings-growth ratio of 0.89 and a beta of 1.20.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Tuesday, December 12th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date is Monday, December 11th. PulteGroup’s payout ratio is 17.65%.
In other PulteGroup news, insider James R. Ellinghausen sold 67,490 shares of the business’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $32.35, for a total value of $2,183,301.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider James R. Ellinghausen sold 136,912 shares of the business’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $29.70, for a total transaction of $4,066,286.40. Following the completion of the transaction, the insider now owns 294,369 shares in the company, valued at $8,742,759.30. The disclosure for this sale can be found here. 0.71% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Achmea Investment Management B.V. purchased a new stake in shares of PulteGroup during the 2nd quarter valued at approximately $253,000. Peloton Wealth Strategists lifted its stake in shares of PulteGroup by 4.7% during the 2nd quarter. Peloton Wealth Strategists now owns 89,700 shares of the construction company’s stock valued at $2,200,000 after buying an additional 4,000 shares in the last quarter. Aviva PLC lifted its stake in shares of PulteGroup by 9.5% during the 2nd quarter. Aviva PLC now owns 179,277 shares of the construction company’s stock valued at $4,399,000 after buying an additional 15,540 shares in the last quarter. Mirador Capital Partners LP lifted its stake in shares of PulteGroup by 3.7% during the 2nd quarter. Mirador Capital Partners LP now owns 48,655 shares of the construction company’s stock valued at $1,246,000 after buying an additional 1,728 shares in the last quarter. Finally, HAP Trading LLC lifted its stake in shares of PulteGroup by 26.7% during the 2nd quarter. HAP Trading LLC now owns 96,520 shares of the construction company’s stock valued at $2,368,000 after buying an additional 20,336 shares in the last quarter. Hedge funds and other institutional investors own 84.80% of the company’s stock.
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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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