Shares of PulteGroup, Inc. (NYSE:PHM) have been given a consensus rating of "Hold" by the nineteen analysts that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $45.50.
A number of brokerages have weighed in on PHM. Zacks Investment Research downgraded PulteGroup from a "buy" rating to a "hold" rating and set a $46.00 price target for the company. in a report on Monday, September 28th. 140166 cut shares of PulteGroup from a "positive" rating to a "neutral" rating and lifted their price target for the stock from $34.00 to $37.00 in a report on Tuesday, July 21st. Zelman & Associates lowered shares of PulteGroup from a "buy" rating to a "hold" rating in a research note on Tuesday, October 13th. Royal Bank of Canada reiterated a "hold" rating on shares of PulteGroup in a research note on Thursday, July 30th. Finally, ValuEngine upgraded shares of PulteGroup from a "strong sell" rating to a "sell" rating in a research note on Monday, August 3rd.
In other PulteGroup news, CFO Robert Oshaughnessy sold 54,774 shares of the company's stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $44.08, for a total value of $2,414,437.92. Following the sale, the chief financial officer now owns 244,743 shares in the company, valued at $10,788,271.44. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.60% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. State Street Corp grew its holdings in shares of PulteGroup by 4.7% during the first quarter. State Street Corp now owns 12,922,013 shares of the construction company's stock valued at $289,871,000 after buying an additional 580,162 shares during the last quarter. Greenhaven Associates Inc. grew its stake in PulteGroup by 57.3% during the second quarter. Greenhaven Associates Inc. now owns 5,250,246 shares of the construction company's stock valued at $178,666,000 after acquiring an additional 1,911,503 shares in the last quarter. AQR Capital Management LLC grew its stake in PulteGroup by 2.1% during the second quarter. AQR Capital Management LLC now owns 4,807,896 shares of the construction company's stock valued at $160,536,000 after acquiring an additional 98,208 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in PulteGroup by 25.2% during the second quarter. Charles Schwab Investment Management Inc. now owns 2,247,896 shares of the construction company's stock valued at $76,496,000 after acquiring an additional 452,138 shares in the last quarter. Finally, Nordea Investment Management AB grew its stake in PulteGroup by 100.2% during the second quarter. Nordea Investment Management AB now owns 2,180,604 shares of the construction company's stock valued at $72,658,000 after acquiring an additional 1,091,163 shares in the last quarter. Institutional investors and hedge funds own 85.59% of the company's stock.
NYSE PHM traded down $2.37 on Thursday, reaching $42.87. The company had a trading volume of 79,289 shares, compared to its average volume of 3,827,197. The firm has a market cap of $12.13 billion, a price-to-earnings ratio of 10.67, a P/E/G ratio of 1.22 and a beta of 1.37. PulteGroup has a fifty-two week low of $17.12 and a fifty-two week high of $49.70. The business has a 50 day moving average of $46.05 and a two-hundred day moving average of $37.64. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.13 and a quick ratio of 1.13.
PulteGroup (NYSE:PHM) last posted its quarterly earnings data on Thursday, October 22nd. The construction company reported $1.34 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.15 by $0.19. PulteGroup had a return on equity of 20.10% and a net margin of 10.94%. The business had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.78 billion. During the same period in the prior year, the business posted $0.99 earnings per share. PulteGroup's quarterly revenue was up 9.0% on a year-over-year basis. As a group, research analysts predict that PulteGroup will post 4.19 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Monday, September 21st were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend was Friday, September 18th. PulteGroup's dividend payout ratio (DPR) is presently 13.75%.
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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