PulteGroup, Inc. (NYSE:PHM) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts give PulteGroup a consensus "Moderate Buy" rating from 17 firms with an average 12‑month price target of about $140.21, and several firms (Oppenheimer, Evercore, Weiss) recently raised ratings or price targets into the mid‑$140s.
• There has been notable insider selling recently: insiders sold 149,952 shares (~$20.16M) last quarter, including Ryan Marshall (111,250 shares at $133.86) and COO Matthew Koart (15,309 shares at $135.79), materially reducing their positions.
• PulteGroup pays a quarterly dividend of $0.26 (annualized $1.04, yield ~0.9%) and trades at a P/E of 10.95 with a market capitalization of about $23.33 billion.

Shares of PulteGroup, Inc. (NYSE:PHM - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the seventeen research firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $140.2143.

Several research firms have recently issued reports on PHM. Oppenheimer reaffirmed an "outperform" rating and issued a $149.00 price target (up from $140.00) on shares of PulteGroup in a research report on Friday, January 30th. Evercore raised PulteGroup from an "in-line" rating to an "outperform" rating and set a $146.00 price target for the company in a research report on Monday. Citizens Jmp began coverage on PulteGroup in a research report on Wednesday, January 7th. They issued a "market outperform" rating and a $145.00 price target for the company. Royal Bank Of Canada lifted their price target on PulteGroup from $111.00 to $115.00 and gave the stock a "sector perform" rating in a research report on Friday, January 30th. Finally, Weiss Ratings raised PulteGroup from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, January 12th.

Insider Buying and Selling at PulteGroup

In other news, insider Ryan Marshall sold 111,250 shares of PulteGroup stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $133.86, for a total transaction of $14,891,925.00. Following the transaction, the insider directly owned 659,392 shares of the company's stock, valued at $88,266,213.12. The trade was a 14.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Matthew William Koart sold 15,309 shares of the firm's stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $135.79, for a total transaction of $2,078,809.11. Following the sale, the chief operating officer owned 42,418 shares in the company, valued at approximately $5,759,940.22. The trade was a 26.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 149,952 shares of company stock worth $20,162,165. 0.75% of the stock is owned by corporate insiders.

Institutional Trading of PulteGroup

Several hedge funds have recently modified their holdings of PHM. Rachor Investment Advisory Services LLC bought a new position in shares of PulteGroup during the 4th quarter valued at approximately $31,000. Private Wealth Management Group LLC raised its holdings in PulteGroup by 281.7% during the 3rd quarter. Private Wealth Management Group LLC now owns 271 shares of the construction company's stock valued at $36,000 after buying an additional 200 shares during the period. DV Equities LLC purchased a new stake in PulteGroup during the 4th quarter valued at $32,000. Lloyd Advisory Services LLC. purchased a new stake in PulteGroup during the 4th quarter valued at $33,000. Finally, High Point Wealth Management LLC purchased a new stake in PulteGroup during the 4th quarter valued at $38,000. 89.90% of the stock is owned by hedge funds and other institutional investors.

PulteGroup Stock Performance

Shares of PHM stock opened at $121.77 on Tuesday. The stock has a fifty day moving average of $127.41 and a 200 day moving average of $125.09. PulteGroup has a 52 week low of $91.76 and a 52 week high of $144.49. The firm has a market capitalization of $23.33 billion, a price-to-earnings ratio of 10.95, a PEG ratio of 1.40 and a beta of 1.33. 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 2nd. Shareholders of record on Tuesday, March 17th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Tuesday, March 17th. PulteGroup's payout ratio is currently 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.

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