PulteGroup (NYSE:PHM) Price Target Lowered to $125.00 at Barclays

PulteGroup (NYSE:PHM) had its price objective dropped by stock analysts at Barclays from $140.00 to $125.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the construction company’s stock. Barclays‘s target price would suggest a potential upside of 7.72% from the company’s previous close.

PHM has been the topic of several other research reports. UBS Group upgraded shares of PulteGroup from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $154.00 to $148.00 in a research note on Wednesday, January 8th. Bank of America upped their price objective on shares of PulteGroup from $138.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. BTIG Research increased their price target on PulteGroup from $139.00 to $156.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. The Goldman Sachs Group lowered their price objective on shares of PulteGroup from $140.00 to $124.00 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, Wells Fargo & Company decreased their target price on PulteGroup from $165.00 to $140.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, PulteGroup currently has an average rating of “Moderate Buy” and a consensus target price of $144.14.

PulteGroup Trading Up 0.1 %

NYSE:PHM traded up $0.08 during mid-day trading on Thursday, reaching $116.05. The company’s stock had a trading volume of 1,123,748 shares, compared to its average volume of 1,803,888. The stock has a market cap of $23.80 billion, a P/E ratio of 8.56, a P/E/G ratio of 0.43 and a beta of 1.67. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.73 and a quick ratio of 0.73. The company’s fifty day simple moving average is $121.20 and its two-hundred day simple moving average is $126.93. PulteGroup has a twelve month low of $100.24 and a twelve month high of $149.47.

PulteGroup (NYSE:PHM) last posted its quarterly earnings data on Tuesday, October 22nd. The construction company reported $3.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.10 by $0.25. PulteGroup had a net margin of 16.64% and a return on equity of 25.30%. The company had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.27 billion. During the same quarter last year, the firm posted $2.90 earnings per share. The business’s quarterly revenue was up 11.8% on a year-over-year basis. On average, equities analysts predict that PulteGroup will post 12.96 EPS for the current year.

Institutional Trading of PulteGroup

Several hedge funds and other institutional investors have recently modified their holdings of the company. Virtu Financial LLC purchased a new stake in shares of PulteGroup during the 2nd quarter worth about $1,145,000. Mercer Global Advisors Inc. ADV increased its holdings in PulteGroup by 3.6% in the second quarter. Mercer Global Advisors Inc. ADV now owns 307,123 shares of the construction company’s stock worth $34,013,000 after buying an additional 10,626 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its position in PulteGroup by 5.5% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 39,159 shares of the construction company’s stock valued at $4,306,000 after acquiring an additional 2,050 shares in the last quarter. Blair William & Co. IL lifted its stake in PulteGroup by 25.1% in the second quarter. Blair William & Co. IL now owns 34,127 shares of the construction company’s stock valued at $3,757,000 after acquiring an additional 6,858 shares during the last quarter. Finally, Elo Mutual Pension Insurance Co grew its position in PulteGroup by 22.8% in the second quarter. Elo Mutual Pension Insurance Co now owns 17,303 shares of the construction company’s stock worth $1,905,000 after acquiring an additional 3,212 shares in the last quarter. 89.90% of the stock is currently owned by hedge funds and other institutional investors.

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.