PulteGroup, Inc. (NYSE:PHM) Receives $135.31 Consensus Price Target from Analysts

Key Points

• PulteGroup has received an average recommendation of "Moderate Buy" from 14 brokerages, with a price target averaging $135.31.
• The company's latest earnings report showed an EPS of $3.03, surpassing expectations of $2.92, despite a 4.3% decline in quarterly revenue year-over-year.
• Various institutional investors are actively trading PulteGroup, with 89.90% of the company's stock now owned by such investors.

Shares of PulteGroup, Inc. (NYSE:PHM - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the fifteen research firms that are presently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $136.4615.

A number of analysts have recently weighed in on PHM shares. Seaport Res Ptn raised PulteGroup from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 22nd. Citigroup boosted their target price on shares of PulteGroup from $128.00 to $132.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. Raymond James Financial reiterated an "outperform" rating and set a $140.00 target price (up previously from $115.00) on shares of PulteGroup in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. boosted their target price on shares of PulteGroup from $121.00 to $123.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Finally, UBS Group boosted their target price on shares of PulteGroup from $141.00 to $150.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd.

PulteGroup Trading Up 3.2%

NYSE PHM traded up $4.31 on Monday, reaching $137.61. The stock had a trading volume of 1,008,723 shares, compared to its average volume of 2,148,639. The firm has a market capitalization of $27.15 billion, a price-to-earnings ratio of 10.28, a P/E/G ratio of 0.39 and a beta of 1.27. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.13. PulteGroup has a 12-month low of $88.07 and a 12-month high of $149.47. The stock has a fifty day moving average price of $119.12 and a two-hundred day moving average price of $107.64.

PulteGroup (NYSE:PHM - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The construction company reported $3.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.92 by $0.11. The company had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.42 billion. PulteGroup had a return on equity of 21.01% and a net margin of 15.50%.The firm's quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.83 earnings per share. As a group, sell-side analysts forecast that PulteGroup will post 12.32 EPS for the current fiscal year.

PulteGroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Tuesday, September 16th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.6%. PulteGroup's dividend payout ratio is presently 6.58%.

Institutional Investors Weigh In On PulteGroup

A number of institutional investors and hedge funds have recently made changes to their positions in PHM. WPG Advisers LLC purchased a new position in PulteGroup during the first quarter worth about $25,000. Twin Peaks Wealth Advisors LLC purchased a new position in PulteGroup during the second quarter worth about $32,000. Rexford Capital Inc. purchased a new position in PulteGroup during the second quarter worth about $35,000. Ameriflex Group Inc. purchased a new position in PulteGroup during the fourth quarter worth about $37,000. Finally, American National Bank & Trust purchased a new position in PulteGroup during the first quarter worth about $39,000. 89.90% of the stock is owned by hedge funds and other institutional investors.

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.