PulteGroup, Inc. (NYSE:PHM) Receives $134.69 Consensus Target Price from Analysts

PulteGroup, Inc. (NYSE:PHM - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the fifteen research firms that are currently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $134.69.

Several research analysts have weighed in on PHM shares. Royal Bank Of Canada lowered their target price on shares of PulteGroup from $116.00 to $109.00 and set a "sector perform" rating on the stock in a research report on Wednesday, April 23rd. Evercore ISI upped their price target on PulteGroup from $161.00 to $165.00 and gave the stock an "outperform" rating in a report on Wednesday, April 23rd. Seaport Res Ptn raised PulteGroup from a "strong sell" rating to a "hold" rating in a report on Thursday, March 6th. UBS Group lowered their target price on PulteGroup from $151.00 to $141.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Finally, Wedbush reissued an "outperform" rating and issued a $135.00 price objective on shares of PulteGroup in a research note on Tuesday, April 22nd.

PulteGroup Price Performance

PHM stock traded up $2.42 on Wednesday, reaching $101.56. 3,041,892 shares of the company's stock were exchanged, compared to its average volume of 2,015,570. The stock has a fifty day moving average of $100.58 and a 200-day moving average of $105.72. PulteGroup has a twelve month low of $88.07 and a twelve month high of $149.47. The firm has a market cap of $20.36 billion, a PE ratio of 7.16, a P/E/G ratio of 0.29 and a beta of 1.29. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.13.

PulteGroup (NYSE:PHM - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The construction company reported $2.57 earnings per share for the quarter, topping analysts' consensus estimates of $2.47 by $0.10. PulteGroup had a net margin of 16.45% and a return on equity of 22.86%. The business had revenue of $3.89 billion for the quarter, compared to analysts' expectations of $3.86 billion. During the same period in the prior year, the company posted $3.10 EPS. As a group, equities analysts predict that PulteGroup will post 12.32 EPS for the current fiscal year.

PulteGroup Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Tuesday, June 17th will be paid a dividend of $0.22 per share. The ex-dividend date is Tuesday, June 17th. This represents a $0.88 annualized dividend and a dividend yield of 0.87%. PulteGroup's dividend payout ratio is currently 6.21%.

Institutional Trading of PulteGroup

A number of hedge funds have recently bought and sold shares of the company. WPG Advisers LLC acquired a new stake in PulteGroup in the 1st quarter worth about $25,000. Ameriflex Group Inc. acquired a new stake in shares of PulteGroup in the fourth quarter worth approximately $37,000. TD Waterhouse Canada Inc. boosted its position in shares of PulteGroup by 43.0% in 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 last quarter. American National Bank & Trust acquired a new stake in shares of PulteGroup in the first quarter worth approximately $39,000. Finally, Quarry LP acquired a new stake in shares of PulteGroup in the fourth quarter worth approximately $43,000. Institutional investors and hedge funds own 89.90% of the company's stock.

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.