PulteGroup (PHM) Price Target Increased to $41.00 by Analysts at UBS Group

PulteGroup (NYSE:PHM) had its target price upped by stock analysts at UBS Group from $38.00 to $41.00 in a research note issued to investors on Wednesday, 99wallstreet.com reports. The firm presently has a “buy” rating on the construction company’s stock. UBS Group’s price target would indicate a potential upside of 21.45% from the stock’s current price.

PHM has been the topic of several other research reports. Zacks Investment Research lowered PulteGroup from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Citigroup lowered PulteGroup from a “neutral” rating to a “sell” rating and set a $26.00 price target on the stock. in a research report on Friday, October 20th. Credit Suisse Group set a $35.00 price target on PulteGroup and gave the stock a “buy” rating in a research report on Tuesday, October 24th. Wedbush reaffirmed a “neutral” rating and set a $22.00 price target (down previously from $27.00) on shares of PulteGroup in a research report on Tuesday, October 24th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $28.00 price target on shares of PulteGroup in a research report on Monday, September 25th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $32.15.

PulteGroup (PHM) traded down $0.72 during trading hours on Wednesday, hitting $33.76. The company’s stock had a trading volume of 3,074,900 shares, compared to its average volume of 3,989,960. The firm has a market cap of $10,000.00, a price-to-earnings ratio of 16.55, a price-to-earnings-growth ratio of 0.56 and a beta of 1.21. PulteGroup has a 52-week low of $18.87 and a 52-week high of $35.01. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.25 and a quick ratio of 0.25.

PulteGroup (NYSE:PHM) last posted its quarterly earnings results on Tuesday, October 24th. The construction company reported $0.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.01. The firm had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.30 billion. PulteGroup had a return on equity of 14.38% and a net margin of 7.77%. The business’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.43 EPS. equities research analysts forecast that PulteGroup will post 2.2 EPS for the current year.

In other PulteGroup news, insider James R. Ellinghausen sold 136,912 shares of the company’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $29.70, for a total value of $4,066,286.40. Following the transaction, the insider now directly owns 294,369 shares of the company’s stock, valued at approximately $8,742,759.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Robert Oshaughnessy sold 92,800 shares of the company’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $33.89, for a total value of $3,144,992.00. Following the completion of the transaction, the chief financial officer now directly owns 363,722 shares in the company, valued at $12,326,538.58. The disclosure for this sale can be found here. Insiders have sold a total of 297,202 shares of company stock worth $9,394,580 over the last three months. 0.71% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Flinton Capital Management LLC grew its holdings in PulteGroup by 0.4% in the 2nd quarter. Flinton Capital Management LLC now owns 12,288 shares of the construction company’s stock valued at $302,000 after buying an additional 48 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in PulteGroup by 3.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,086 shares of the construction company’s stock valued at $100,000 after buying an additional 148 shares in the last quarter. Riverhead Capital Management LLC grew its holdings in PulteGroup by 1.2% in the 2nd quarter. Riverhead Capital Management LLC now owns 13,673 shares of the construction company’s stock valued at $336,000 after buying an additional 159 shares in the last quarter. Thrivent Financial For Lutherans grew its holdings in PulteGroup by 2.2% in the 2nd quarter. Thrivent Financial For Lutherans now owns 10,722 shares of the construction company’s stock valued at $263,000 after buying an additional 230 shares in the last quarter. Finally, IHT Wealth Management LLC grew its holdings in PulteGroup by 68.5% in the 2nd quarter. IHT Wealth Management LLC now owns 984 shares of the construction company’s stock valued at $1,017,000 after buying an additional 400 shares in the last quarter. 84.53% of the stock is currently owned by hedge funds and other institutional investors.

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PulteGroup Company Profile

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.

Analyst Recommendations for PulteGroup (NYSE:PHM)

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