PulteGroup, Inc. (NYSE:PHM) – Analysts at KeyCorp increased their FY2018 earnings per share (EPS) estimates for PulteGroup in a research note issued on Wednesday. KeyCorp analyst K. Zener now forecasts that the construction company will earn $3.00 per share for the year, up from their prior estimate of $2.59. KeyCorp currently has a “Hold” rating on the stock.
PulteGroup (NYSE:PHM) last released its quarterly earnings data on Tuesday, January 30th. The construction company reported $0.85 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.85. The business had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.82 billion. PulteGroup had a net margin of 5.22% and a return on equity of 15.52%. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.67 EPS.
Shares of PulteGroup (NYSE:PHM) opened at $28.71 on Monday. The stock has a market cap of $8,440.00, a price-to-earnings ratio of 19.53, a PEG ratio of 0.46 and a beta of 1.03. PulteGroup has a 1 year low of $21.13 and a 1 year high of $35.21.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 3rd. Investors of record on Friday, March 16th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $0.36 annualized dividend and a yield of 1.25%. PulteGroup’s dividend payout ratio is currently 24.49%.
PulteGroup declared that its board has approved a share 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 repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.
In related news, insider James R. Ellinghausen sold 67,490 shares of PulteGroup stock in a transaction on Monday, November 20th. The shares were sold at an average price of $32.35, for a total transaction of $2,183,301.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Robert Oshaughnessy sold 92,800 shares of PulteGroup stock in a transaction on Friday, December 8th. The stock was sold at an average price of $33.89, for a total transaction of $3,144,992.00. Following the sale, the chief financial officer now owns 363,722 shares in the company, valued at $12,326,538.58. The disclosure for this sale can be found here. 0.71% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of PHM. Invictus RG increased 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 purchasing an additional 3,993 shares during the period. SeaCrest Wealth Management LLC acquired a new position in PulteGroup in the fourth quarter valued at $119,000. National Pension Service acquired a new position in PulteGroup in the fourth quarter valued at $138,000. Fieldpoint Private Securities LLC acquired a new position in PulteGroup in the third quarter valued at $150,000. Finally, Raymond James Trust N.A. acquired a new position in PulteGroup in the fourth quarter valued at $200,000. Institutional investors own 83.83% 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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