PulteGroup, Inc. (NYSE:PHM – Get Free Report) was the recipient of unusually large options trading on Wednesday. Stock investors bought 9,941 call options on the stock. This represents an increase of 1,498% compared to the typical volume of 622 call options.
Analysts Set New Price Targets
A number of research analysts have weighed in on the company. Evercore ISI raised their price objective on PulteGroup from $161.00 to $165.00 and gave the company an “outperform” rating in a report on Wednesday, April 23rd. Seaport Res Ptn raised shares of PulteGroup from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 6th. Royal Bank Of Canada dropped their price objective on shares of PulteGroup from $116.00 to $109.00 and set a “sector perform” rating for the company in a research note on Wednesday, April 23rd. UBS Group cut their price objective on shares of PulteGroup from $151.00 to $141.00 and set a “buy” rating for the company in a report on Wednesday, April 23rd. Finally, Wells Fargo & Company lowered their target price on PulteGroup from $140.00 to $120.00 and set an “overweight” rating on the stock in a report on Monday, April 14th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $134.69.
Read Our Latest Analysis on PHM
Institutional Inflows and Outflows
PulteGroup Stock Down 1.9%
PulteGroup stock opened at $103.52 on Thursday. The firm has a market capitalization of $20.75 billion, a P/E ratio of 7.30, a P/E/G ratio of 0.31 and a beta of 1.29. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13. PulteGroup has a twelve month low of $88.07 and a twelve month high of $149.47. The stock’s fifty day simple moving average is $101.21 and its 200-day simple moving average is $105.40.
PulteGroup (NYSE:PHM – Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The construction company reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.47 by $0.10. The company had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.86 billion. PulteGroup had a return on equity of 22.86% and a net margin of 16.45%. During the same quarter in the prior year, the business earned $3.10 EPS. As a group, equities analysts expect that PulteGroup will post 12.32 earnings per share for the current fiscal year.
PulteGroup Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Tuesday, June 17th will be issued a $0.22 dividend. The ex-dividend date is Tuesday, June 17th. This represents a $0.88 annualized dividend and a yield of 0.85%. PulteGroup’s dividend payout ratio (DPR) is 6.21%.
PulteGroup Company Profile
PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. It acquires and develops land primarily for residential purposes; and constructs housing on such land. The company also offers various home designs, including single-family detached, townhomes, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, John Wieland Homes and Neighborhoods, and American West brand names.
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