PulteGroup, Inc. (NYSE:PHM) Receives $140.62 Consensus Price Target from Brokerages

PulteGroup, Inc. (NYSE:PHM) has received an average rating of “Moderate Buy” from the sixteen ratings firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $140.6154.

PHM has been the topic of a number of analyst reports. Raymond James Financial reaffirmed an “outperform” rating and set a $145.00 price objective on shares of PulteGroup in a research report on Wednesday, February 4th. Evercore upped their price objective on PulteGroup from $134.00 to $143.00 in a research note on Friday, January 30th. Royal Bank Of Canada lifted their target price on PulteGroup from $111.00 to $115.00 and gave the company a “sector perform” rating in a research note on Friday, January 30th. Barclays set a $115.00 price target on PulteGroup in a research note on Monday, December 8th. Finally, Citigroup lifted their price objective on shares of PulteGroup from $128.00 to $136.00 and gave the company a “neutral” rating in a research report on Tuesday, February 3rd.

Insider Activity

In other news, EVP Todd N. Sheldon sold 14,220 shares of PulteGroup stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $135.01, for a total value of $1,919,842.20. Following the sale, the executive vice president directly owned 69,753 shares of the company’s stock, valued at approximately $9,417,352.53. The trade was a 16.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Kevin A. Henry sold 5,173 shares of the stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $141.03, for a total value of $729,548.19. Following the transaction, the executive vice president directly owned 14,673 shares of the company’s stock, valued at approximately $2,069,333.19. The trade was a 26.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 149,952 shares of company stock valued at $20,162,165. 0.76% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On PulteGroup

Institutional investors have recently bought and sold shares of the business. Rachor Investment Advisory Services LLC purchased a new stake in shares of PulteGroup during the 4th quarter valued at about $31,000. Twin Peaks Wealth Advisors LLC bought a new stake in PulteGroup during the second quarter worth approximately $32,000. DV Equities LLC purchased a new stake in PulteGroup during the fourth quarter valued at approximately $32,000. Lloyd Advisory Services LLC. bought a new stake in shares of PulteGroup in the 4th quarter valued at approximately $33,000. Finally, Rexford Capital Inc. purchased a new position in shares of PulteGroup in the 2nd quarter worth approximately $35,000. Institutional investors own 89.90% of the company’s stock.

PulteGroup Price Performance

Shares of NYSE:PHM opened at $137.09 on Monday. The firm’s 50 day moving average price is $129.37 and its 200-day moving average price is $127.63. The stock has a market capitalization of $26.37 billion, a PE ratio of 12.33, a price-to-earnings-growth ratio of 1.60 and a beta of 1.32. PulteGroup has a twelve month low of $88.07 and a twelve month high of $144.49. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.13.

PulteGroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Tuesday, March 17th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, March 17th. PulteGroup’s dividend payout ratio is 9.35%.

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.