Shares of PulteGroup, Inc. (NYSE:PHM) have been given a consensus rating of “Hold” by the fourteen analysts that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $35.71.
A number of research analysts have recently commented on the company. Goldman Sachs Group initiated coverage on PulteGroup in a report on Friday. They issued a “buy” rating and a $45.00 price objective on the stock. Wedbush boosted their target price on PulteGroup from $28.00 to $34.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Wells Fargo & Co upped their price target on PulteGroup from $34.00 to $42.00 and gave the company a “market perform” rating in a report on Wednesday, October 23rd. ValuEngine lowered shares of PulteGroup from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, Royal Bank of Canada set a $33.00 price objective on shares of PulteGroup and gave the stock a “hold” rating in a report on Monday, August 26th.
In related news, SVP James L. Ossowski sold 10,000 shares of the company’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $39.95, for a total value of $399,500.00. Following the completion of the sale, the senior vice president now directly owns 25,750 shares of the company’s stock, valued at approximately $1,028,712.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.49% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of the stock. Marshall Wace LLP acquired a new position in shares of PulteGroup in the first quarter valued at approximately $111,000. Commerzbank Aktiengesellschaft FI boosted its holdings in shares of PulteGroup by 8.2% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 70,416 shares of the construction company’s stock valued at $2,227,000 after acquiring an additional 5,315 shares in the last quarter. First Quadrant L P CA increased its stake in shares of PulteGroup by 2,275.8% during the second quarter. First Quadrant L P CA now owns 133,045 shares of the construction company’s stock worth $4,207,000 after acquiring an additional 127,445 shares during the period. Artemis Investment Management LLP acquired a new position in shares of PulteGroup during the second quarter worth about $24,836,000. Finally, Rothschild & Co. Asset Management US Inc. acquired a new stake in shares of PulteGroup in the 2nd quarter valued at approximately $10,168,000. Hedge funds and other institutional investors own 86.08% of the company’s stock.
NYSE:PHM traded down $0.14 during trading hours on Monday, hitting $40.06. The company’s stock had a trading volume of 3,638,114 shares, compared to its average volume of 3,877,729. PulteGroup has a 52-week low of $24.45 and a 52-week high of $41.22. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $10.86 billion, a P/E ratio of 11.16, a price-to-earnings-growth ratio of 1.39 and a beta of 0.61. The stock has a fifty day moving average of $39.24 and a 200-day moving average of $34.79.
PulteGroup (NYSE:PHM) last announced its quarterly earnings results on Tuesday, October 22nd. The construction company reported $1.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.09. The company had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.58 billion. PulteGroup had a return on equity of 20.02% and a net margin of 9.01%. PulteGroup’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.01 EPS. On average, sell-side analysts forecast that PulteGroup will post 3.54 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Wednesday, December 18th will be issued a $0.12 dividend. This is an increase from PulteGroup’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Tuesday, December 17th. PulteGroup’s payout ratio is presently 12.26%.
PulteGroup Company Profile
PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. The company acquires and develops land primarily for residential purposes; and constructs 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 brand names.
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