PulteGroup, Inc. (NYSE:PHM) – Stock analysts at KeyCorp issued their Q1 2018 EPS estimates for shares of PulteGroup in a note issued to investors on Wednesday. KeyCorp analyst K. Zener expects that the construction company will earn $0.41 per share for the quarter. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for PulteGroup’s Q2 2018 earnings at $0.66 EPS, Q3 2018 earnings at $0.77 EPS, Q4 2018 earnings at $1.17 EPS and FY2019 earnings at $3.46 EPS.
PulteGroup (NYSE:PHM) last released its quarterly earnings results on Tuesday, January 30th. The construction company reported $0.85 earnings per share for the quarter, hitting the consensus estimate of $0.85. PulteGroup had a net margin of 5.22% and a return on equity of 15.52%. The business had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.82 billion. During the same period in the previous year, the company earned $0.67 earnings per share. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year.
PulteGroup (NYSE PHM) opened at $28.67 on Friday. PulteGroup has a twelve month low of $21.13 and a twelve month high of $35.21. The firm has a market cap of $8,568.17, a PE ratio of 13.41, a P/E/G ratio of 0.48 and a beta of 1.03. The company has a current ratio of 0.17, a quick ratio of 0.25 and a debt-to-equity ratio of 0.72.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC boosted its stake in PulteGroup by 3.8% in the second quarter. Tower Research Capital LLC TRC now owns 4,086 shares of the construction company’s stock valued at $100,000 after acquiring an additional 148 shares during the last quarter. Invictus RG boosted its stake in PulteGroup by 1,473.4% in the third quarter. Invictus RG now owns 4,264 shares of the construction company’s stock valued at $117,000 after acquiring an additional 3,993 shares during the last quarter. SeaCrest Wealth Management LLC purchased a new position in PulteGroup in the fourth quarter valued at about $119,000. National Pension Service purchased a new position in PulteGroup in the fourth quarter valued at about $138,000. Finally, Fieldpoint Private Securities LLC purchased a new position in PulteGroup in the third quarter valued at about $150,000. Hedge funds and other institutional investors own 83.83% of the company’s stock.
In other PulteGroup news, CFO Robert Oshaughnessy sold 92,800 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 363,722 shares in the company, valued at $12,326,538.58. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $2,183,301.50. The disclosure for this sale can be found here. 0.71% of the stock is owned by insiders.
PulteGroup announced that its board has initiated a stock repurchase plan on Tuesday, January 30th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the construction company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Friday, March 16th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.26%. PulteGroup’s payout ratio is 25.00%.
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.
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