PulteGroup, Inc. (NYSE:PHM) – Investment analysts at Truist Securiti issued their FY2022 EPS estimates for shares of PulteGroup in a report released on Thursday, November 19th. Truist Securiti analyst R. Seth forecasts that the construction company will post earnings of $6.97 per share for the year. Truist Securiti also issued estimates for PulteGroup’s FY2023 earnings at $7.75 EPS and FY2024 earnings at $8.70 EPS.
Several other analysts have also weighed in on the stock. Truist upgraded shares of PulteGroup from a “hold” rating to a “buy” rating and boosted their target price for the company from $32.00 to $60.00 in a research note on Thursday. Zelman & Associates lowered PulteGroup from a “buy” rating to a “hold” rating in a research note on Tuesday, October 13th. Barclays boosted their price objective on PulteGroup from $44.00 to $47.00 and gave the stock an “overweight” rating in a research note on Thursday, September 17th. Zacks Investment Research lowered PulteGroup from a “buy” rating to a “hold” rating and set a $46.00 price objective on the stock. in a research note on Monday, September 28th. Finally, Credit Suisse Group boosted their price objective on PulteGroup from $48.00 to $50.00 and gave the stock a “neutral” rating in a research note on Friday, October 23rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $49.00.
Shares of NYSE:PHM opened at $43.63 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.47. The company has a fifty day simple moving average of $45.01 and a 200 day simple moving average of $40.26. The firm has a market cap of $11.70 billion, a PE ratio of 10.29, a price-to-earnings-growth ratio of 0.87 and a beta of 1.37. PulteGroup has a 12-month low of $17.12 and a 12-month high of $49.70.
PulteGroup (NYSE:PHM) last issued its quarterly earnings data on Thursday, October 22nd. The construction company reported $1.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.19. The business had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.78 billion. PulteGroup had a return on equity of 20.10% and a net margin of 10.94%. The business’s revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.99 earnings per share.
In other PulteGroup news, EVP Todd N. Sheldon purchased 5,000 shares of PulteGroup stock in a transaction that occurred on Tuesday, October 27th. The stock was bought at an average price of $41.49 per share, with a total value of $207,450.00. Following the acquisition, the executive vice president now owns 63,313 shares of the company’s stock, valued at approximately $2,626,856.37. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PHM. Keybank National Association OH raised its stake in shares of PulteGroup by 4.2% in the third quarter. Keybank National Association OH now owns 25,030 shares of the construction company’s stock valued at $1,159,000 after acquiring an additional 1,017 shares in the last quarter. Pacer Advisors Inc. increased its position in PulteGroup by 43.8% in the second quarter. Pacer Advisors Inc. now owns 75,120 shares of the construction company’s stock worth $2,556,000 after purchasing an additional 22,886 shares during the last quarter. IBM Retirement Fund increased its position in PulteGroup by 39.1% in the third quarter. IBM Retirement Fund now owns 8,690 shares of the construction company’s stock worth $402,000 after purchasing an additional 2,441 shares during the last quarter. Candriam Luxembourg S.C.A. increased its position in PulteGroup by 254.0% in the second quarter. Candriam Luxembourg S.C.A. now owns 200,027 shares of the construction company’s stock worth $6,807,000 after purchasing an additional 143,526 shares during the last quarter. Finally, Bank of Nova Scotia increased its position in PulteGroup by 53.8% in the second quarter. Bank of Nova Scotia now owns 734,195 shares of the construction company’s stock worth $24,985,000 after purchasing an additional 256,712 shares during the last quarter. 85.59% of the stock is owned by institutional investors.
PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. The company acquires and develops land primarily for residential purposes; and constructs housing on such land. It offers various home designs, including single-family detached, townhouses, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, and John Wieland Homes and Neighborhoods brand names.
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