PulteGroup, Inc. (NYSE:PHM) has been given a consensus recommendation of “Hold” by the eighteen brokerages that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation, five have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $31.25.
Several analysts recently weighed in on PHM shares. Zacks Investment Research raised PulteGroup from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a report on Tuesday, September 26th. Royal Bank of Canada reissued a “buy” rating and issued a $28.00 price objective on shares of PulteGroup in a report on Monday, September 25th. Bank of America set a $34.00 price objective on PulteGroup and gave the company a “buy” rating in a report on Wednesday, October 25th. FBR & Co reissued a “buy” rating and issued a $31.00 price objective (up from $28.00) on shares of PulteGroup in a report on Wednesday, October 25th. Finally, UBS Group started coverage on PulteGroup in a report on Wednesday, October 25th. They issued a “buy” rating and a $38.00 price objective for the company.
Shares of PulteGroup (NYSE:PHM) traded down $0.44 during trading on Monday, reaching $33.83. The company had a trading volume of 4,755,986 shares, compared to its average volume of 3,996,600. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.25 and a current ratio of 0.25. The company has a market capitalization of $9,940.00, a price-to-earnings ratio of 16.58, a P/E/G ratio of 0.71 and a beta of 1.21. PulteGroup has a 1 year low of $18.24 and a 1 year high of $34.60.
PulteGroup (NYSE:PHM) last announced its quarterly earnings data on Tuesday, October 24th. The construction company reported $0.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.01. The firm had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.30 billion. PulteGroup had a return on equity of 14.38% and a net margin of 7.77%. PulteGroup’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.43 earnings per share. equities analysts anticipate that PulteGroup will post 2.2 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, January 3rd. Shareholders of record on Tuesday, December 12th were paid a $0.09 dividend. The ex-dividend date was Monday, December 11th. This represents a $0.36 dividend on an annualized basis and a yield of 1.06%. PulteGroup’s payout ratio is currently 17.65%.
In other news, CFO Robert Oshaughnessy sold 92,800 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $33.89, for a total transaction of $3,144,992.00. Following the completion of the transaction, the chief financial officer now directly owns 363,722 shares in the company, valued at $12,326,538.58. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider James R. Ellinghausen sold 136,912 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $29.70, for a total value of $4,066,286.40. Following the transaction, the insider now owns 294,369 shares of the company’s stock, valued at $8,742,759.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 297,202 shares of company stock valued at $9,394,580. 0.71% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Moors & Cabot Inc. boosted its position in shares of PulteGroup by 7.3% during the third quarter. Moors & Cabot Inc. now owns 27,543 shares of the construction company’s stock worth $755,000 after buying an additional 1,865 shares during the period. Fieldpoint Private Securities LLC acquired a new position in shares of PulteGroup during the third quarter worth approximately $150,000. Coldstream Capital Management Inc. acquired a new position in shares of PulteGroup during the third quarter worth approximately $680,000. Neuberger Berman Group LLC boosted its position in shares of PulteGroup by 885.5% during the third quarter. Neuberger Berman Group LLC now owns 396,818 shares of the construction company’s stock worth $10,845,000 after buying an additional 356,551 shares during the period. Finally, Guardian Capital LP boosted its position in shares of PulteGroup by 46.3% during the third quarter. Guardian Capital LP now owns 466,305 shares of the construction company’s stock worth $12,744,000 after buying an additional 147,632 shares during the period. Institutional investors and hedge funds own 84.53% of the company’s stock.
PulteGroup Company Profile
PulteGroup, Inc is a homebuilder in the United States. The Company’s segments include Homebuilding and Financial Services. Its Homebuilding operations are engaged in the acquisition and development of land primarily for residential purposes within the United States and the construction of housing on such land.
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