PulteGroup (PHM) Receiving Critical Press Coverage, Study Finds

Media stories about PulteGroup (NYSE:PHM) have been trending negative recently, according to InfoTrie. The research firm ranks the sentiment of news coverage by monitoring more than 6,000 news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. PulteGroup earned a daily sentiment score of -2.29 on their scale. InfoTrie also assigned news headlines about the construction company an news buzz score of 10 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock’s share price in the next several days.

Here are some of the news articles that may have effected PulteGroup’s analysis:

Shares of NYSE PHM traded up $0.21 during midday trading on Friday, hitting $24.44. 5,814,700 shares of the company’s stock were exchanged, compared to its average volume of 5,092,868. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.64. PulteGroup has a 12 month low of $20.64 and a 12 month high of $35.21. The company has a market capitalization of $6.99 billion, a P/E ratio of 11.16, a P/E/G ratio of 0.39 and a beta of 0.92.

PulteGroup (NYSE:PHM) last issued its earnings results on Tuesday, October 23rd. The construction company reported $1.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.06. PulteGroup had a return on equity of 21.98% and a net margin of 8.63%. The company had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same period in the previous year, the company posted $0.60 EPS. The firm’s revenue for the quarter was up 24.3% compared to the same quarter last year. Analysts predict that PulteGroup will post 3.58 EPS for the current fiscal year.

A number of research analysts have weighed in on the company. Wedbush restated a “neutral” rating on shares of PulteGroup in a research note on Monday, July 16th. Citigroup raised their price target on PulteGroup from $30.00 to $32.00 and gave the company a “hold” rating in a research note on Monday, July 23rd. BTIG Research downgraded PulteGroup from a “neutral” rating to a “sell” rating in a research note on Friday, July 27th. They noted that the move was a valuation call. Mizuho downgraded PulteGroup from a “buy” rating to a “neutral” rating and set a $31.00 price target for the company. in a research note on Tuesday, August 7th. Finally, ValuEngine downgraded PulteGroup from a “hold” rating to a “sell” rating in a research note on Friday, August 3rd. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the stock. PulteGroup has an average rating of “Hold” and a consensus price target of $31.13.

In related news, Director Brian P. Anderson sold 5,000 shares of PulteGroup stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $28.96, for a total transaction of $144,800.00. Following the completion of the sale, the director now directly owns 101,235 shares of the company’s stock, valued at approximately $2,931,765.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.86% of the company’s stock.

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PulteGroup Company Profile

PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. The company is involved in the acquisition and development of land primarily for residential purposes; and the construction of housing on such land. It offers various home designs, including single-family detached, townhouses, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, and John Wieland Homes and Neighborhoods names.

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Insider Buying and Selling by Quarter for PulteGroup (NYSE:PHM)

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