PulteGroup (NYSE:PHM) Given New $143.00 Price Target at Evercore ISI

PulteGroup (NYSE:PHMFree Report) had its price objective increased by Evercore ISI from $134.00 to $143.00 in a research note issued to investors on Friday,MarketScreener reports.

PHM has been the subject of a number of other research reports. The Goldman Sachs Group reiterated a “neutral” rating and issued a $144.00 price objective on shares of PulteGroup in a report on Tuesday, January 13th. Bank of America cut their price target on shares of PulteGroup from $145.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, October 10th. BTIG Research began coverage on shares of PulteGroup in a report on Monday, December 1st. They set a “neutral” rating for the company. Oppenheimer reissued an “outperform” rating and set a $149.00 price target (up from $140.00) on shares of PulteGroup in a research report on Friday. Finally, Royal Bank Of Canada lifted their price target on shares of PulteGroup from $111.00 to $115.00 and gave the company a “sector perform” rating in a research note on Friday. Nine investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, PulteGroup has a consensus rating of “Moderate Buy” and an average target price of $140.54.

Get Our Latest Stock Analysis on PulteGroup

PulteGroup Price Performance

Shares of PulteGroup stock traded down $2.22 during trading on Friday, reaching $125.04. The company’s stock had a trading volume of 1,927,445 shares, compared to its average volume of 1,849,749. The company has a current ratio of 1.01, a quick ratio of 0.81 and a debt-to-equity ratio of 0.13. PulteGroup has a one year low of $88.07 and a one year high of $142.11. The stock has a market capitalization of $24.37 billion, a P/E ratio of 11.24, a price-to-earnings-growth ratio of 1.04 and a beta of 1.33. The stock has a 50-day moving average price of $124.68 and a two-hundred day moving average price of $124.64.

PulteGroup Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 6th. Shareholders of record on Tuesday, December 16th were given a dividend of $0.26 per share. This is a boost from PulteGroup’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $1.04 annualized dividend and a yield of 0.8%. PulteGroup’s payout ratio is presently 9.35%.

Institutional Trading of PulteGroup

Institutional investors and hedge funds have recently bought and sold shares of the stock. Rachor Investment Advisory Services LLC bought a new stake in shares of PulteGroup in the 4th quarter valued at about $31,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of PulteGroup during the 2nd quarter worth approximately $32,000. Rexford Capital Inc. acquired a new stake in PulteGroup during the 2nd quarter valued at $35,000. Private Wealth Management Group LLC boosted its position in PulteGroup by 281.7% during the third quarter. Private Wealth Management Group LLC now owns 271 shares of the construction company’s stock worth $36,000 after purchasing an additional 200 shares during the period. Finally, High Point Wealth Management LLC bought a new position in shares of PulteGroup in the fourth quarter valued at about $38,000. Institutional investors own 89.90% of the company’s stock.

PulteGroup News Roundup

Here are the key news stories impacting PulteGroup this week:

About PulteGroup

(Get Free Report)

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.

Featured Stories

Analyst Recommendations for PulteGroup (NYSE:PHM)

Receive News & Ratings for PulteGroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PulteGroup and related companies with MarketBeat.com's FREE daily email newsletter.