PulteGroup, Inc. (NYSE:PHM) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of PulteGroup, Inc. (NYSE:PHM) have been given a consensus rating of “Moderate Buy” by the seventeen analysts that are covering the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $140.7143.

PHM has been the subject of several recent analyst reports. Wells Fargo & Company raised their price objective on shares of PulteGroup from $132.00 to $140.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Truist Financial decreased their price objective on shares of PulteGroup from $170.00 to $150.00 and set a “buy” rating for the company in a report on Thursday, April 16th. Evercore raised their price objective on shares of PulteGroup from $146.00 to $151.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Weiss Ratings lowered shares of PulteGroup from a “buy (b-)” rating to a “hold (c)” rating in a report on Monday, April 27th. Finally, Bank of America decreased their price objective on shares of PulteGroup from $145.00 to $140.00 and set a “buy” rating for the company in a report on Monday, April 20th.

Insider Activity

In other news, Director Lila Snyder sold 3,339 shares of PulteGroup stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $117.18, for a total value of $391,264.02. Following the completion of the transaction, the director directly owned 3,540 shares of the company’s stock, valued at approximately $414,817.20. The trade was a 48.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Matthew William Koart sold 7,457 shares of PulteGroup stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $120.00, for a total transaction of $894,840.00. Following the completion of the transaction, the chief operating officer directly owned 28,100 shares of the company’s stock, valued at $3,372,000. This trade represents a 20.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.75% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Cedar Mountain Advisors LLC boosted its holdings in shares of PulteGroup by 1,650.0% in the 1st quarter. Cedar Mountain Advisors LLC now owns 210 shares of the construction company’s stock valued at $25,000 after buying an additional 198 shares during the period. NFSG Corp acquired a new position in shares of PulteGroup in the 1st quarter valued at about $29,000. Rachor Investment Advisory Services LLC acquired a new position in shares of PulteGroup in the 4th quarter valued at about $31,000. DV Equities LLC acquired a new position in shares of PulteGroup in the 4th quarter valued at about $32,000. Finally, HHM Wealth Advisors LLC boosted its holdings in shares of PulteGroup by 158.5% in the 1st quarter. HHM Wealth Advisors LLC now owns 274 shares of the construction company’s stock valued at $32,000 after buying an additional 168 shares during the period. 89.90% of the stock is owned by institutional investors and hedge funds.

PulteGroup Price Performance

Shares of PHM stock opened at $137.74 on Friday. The firm has a market cap of $26.24 billion, a P/E ratio of 13.32, a P/E/G ratio of 1.75 and a beta of 1.20. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.94 and a quick ratio of 0.94. PulteGroup has a 1-year low of $104.04 and a 1-year high of $144.49. The firm has a fifty day moving average of $121.34 and a two-hundred day moving average of $124.30.

PulteGroup (NYSE:PHM) last announced its quarterly earnings data on Thursday, April 23rd. The construction company reported $1.79 earnings per share for the quarter, missing the consensus estimate of $1.80 by ($0.01). The company had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.40 billion. PulteGroup had a return on equity of 16.41% and a net margin of 12.14%.PulteGroup’s revenue was down 12.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.57 earnings per share. As a group, research analysts anticipate that PulteGroup will post 9.95 earnings per share for the current fiscal year.

PulteGroup declared that its board has approved a stock buyback plan on Thursday, April 23rd that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the construction company to repurchase up to 6.1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

PulteGroup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Tuesday, June 16th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. PulteGroup’s payout ratio is 10.06%.

PulteGroup Company Profile

PulteGroup, Inc (NYSE: PHM) is a U.S.-based residential homebuilder that designs, constructs and sells single-family homes and develops master-planned communities. The company operates multiple national and regional brands that target different buyer segments, including first-time buyers, move-up buyers and active-adult customers. Its operations encompass land acquisition and development, home design and construction, community amenities and ongoing customer service and warranty programs.

PulteGroup markets homes under several well-known brands, such as Pulte Homes, Centex and Del Webb, among others, offering a range of product types from entry-level detached homes to larger, higher-end residences and age-restricted active-adult communities.