PulteGroup, Inc. (NYSE:PHM) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of PulteGroup, Inc. (NYSE:PHM - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the fifteen research firms that are covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $134.69.

Several research analysts have weighed in on PHM shares. UBS Group lowered their target price 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. Barclays lowered their target price on shares of PulteGroup from $100.00 to $98.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 23rd. Evercore ISI increased their price target on shares of PulteGroup from $161.00 to $165.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 23rd. Wells Fargo & Company reduced their price target on shares of PulteGroup from $140.00 to $120.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Finally, Seaport Res Ptn raised shares of PulteGroup from a "strong sell" rating to a "hold" rating in a research report on Thursday, March 6th.

PulteGroup Trading Down 3.6%

Shares of PHM stock opened at $98.71 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.80 and a quick ratio of 0.80. The firm has a market cap of $19.78 billion, a PE ratio of 6.96, a price-to-earnings-growth ratio of 0.30 and a beta of 1.29. The company has a 50-day moving average of $100.29 and a two-hundred day moving average of $106.41. PulteGroup has a 1-year low of $88.07 and a 1-year high of $149.47.

PulteGroup (NYSE:PHM - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The construction company reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.47 by $0.10. The company 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 quarter last year, the firm posted $3.10 earnings per share. On average, analysts predict that PulteGroup will post 12.32 EPS for the current year.

PulteGroup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Tuesday, June 17th will be issued a $0.22 dividend. The ex-dividend date is Tuesday, June 17th. This represents a $0.88 annualized dividend and a yield of 0.89%. PulteGroup's dividend payout ratio (DPR) is 6.21%.

Institutional Trading of PulteGroup

Several hedge funds have recently added to or reduced their stakes in the company. Meridian Wealth Management LLC raised its holdings in PulteGroup by 0.7% in the fourth quarter. Meridian Wealth Management LLC now owns 13,224 shares of the construction company's stock valued at $1,440,000 after acquiring an additional 95 shares in the last quarter. Tocqueville Asset Management L.P. raised its holdings in PulteGroup by 2.0% in the first quarter. Tocqueville Asset Management L.P. now owns 5,062 shares of the construction company's stock valued at $520,000 after acquiring an additional 100 shares in the last quarter. Fidelis Capital Partners LLC increased its stake in PulteGroup by 2.4% in the fourth quarter. Fidelis Capital Partners LLC now owns 4,384 shares of the construction company's stock valued at $479,000 after purchasing an additional 103 shares during the last quarter. TD Waterhouse Canada Inc. increased its stake in PulteGroup by 43.0% in the fourth quarter. TD Waterhouse Canada Inc. now owns 349 shares of the construction company's stock valued at $38,000 after purchasing an additional 105 shares during the last quarter. Finally, NDVR Inc. increased its stake in PulteGroup by 6.0% in the fourth quarter. NDVR Inc. now owns 1,984 shares of the construction company's stock valued at $216,000 after purchasing an additional 112 shares during the last quarter. Institutional investors and hedge funds own 89.90% of the company's stock.

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.

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