PulteGroup, Inc. (NYSE:PHM) Given Average Rating of "Moderate Buy" by Brokerages

PulteGroup, Inc. (NYSE:PHM - Get Free Report) has been assigned an average rating of "Moderate Buy" from the fifteen research firms that are covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $135.08.

PHM has been the subject of a number of research analyst reports. UBS Group reduced their price target on shares of PulteGroup from $151.00 to $141.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Wells Fargo & Company lifted their target price on shares of PulteGroup from $120.00 to $125.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. Barclays lowered their price target on PulteGroup from $100.00 to $98.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 23rd. Wedbush reaffirmed an "outperform" rating and issued a $135.00 price objective on shares of PulteGroup in a report on Tuesday, April 22nd. Finally, Evercore ISI increased their target price on PulteGroup from $161.00 to $165.00 and gave the company an "outperform" rating in a report on Wednesday, April 23rd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. WPG Advisers LLC purchased a new stake in PulteGroup during the first quarter worth $25,000. Ameriflex Group Inc. acquired a new position in shares of PulteGroup during the 4th quarter worth approximately $37,000. TD Waterhouse Canada Inc. raised its position in PulteGroup by 43.0% during the fourth quarter. TD Waterhouse Canada Inc. now owns 349 shares of the construction company's stock worth $38,000 after acquiring an additional 105 shares during the period. American National Bank & Trust purchased a new position in PulteGroup in the 1st quarter valued at about $39,000. Finally, Quarry LP acquired a new stake in shares of PulteGroup in the fourth quarter worth approximately $43,000. 89.90% of the stock is currently owned by hedge funds and other institutional investors.

PulteGroup Stock Down 1.1%

Shares of PulteGroup stock traded down $1.31 during trading on Friday, hitting $112.96. The company's stock had a trading volume of 2,961,075 shares, compared to its average volume of 2,179,259. PulteGroup has a 52 week low of $88.07 and a 52 week high of $149.47. The company has a market capitalization of $22.64 billion, a PE ratio of 7.97, a P/E/G ratio of 0.33 and a beta of 1.29. The company has a fifty day simple moving average of $103.47 and a two-hundred day simple moving average of $104.75. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 0.80.

PulteGroup (NYSE:PHM - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The construction company reported $2.57 earnings per share for the quarter, beating analysts' consensus estimates of $2.47 by $0.10. The business had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.86 billion. PulteGroup had a net margin of 16.45% and a return on equity of 22.86%. During the same period last year, the business earned $3.10 EPS. Equities research analysts predict that PulteGroup will post 12.32 earnings per share for the current year.

PulteGroup Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 2nd. Shareholders of record on Tuesday, June 17th were issued a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $0.88 dividend on an annualized basis and a yield of 0.78%. PulteGroup's dividend payout ratio is presently 6.21%.

About PulteGroup

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.