PulteGroup, Inc. (NYSE:PHM) Receives $137.25 Consensus Target Price from Analysts

PulteGroup, Inc. (NYSE:PHM) has been given an average rating of “Moderate Buy” by the sixteen analysts that are currently covering the company, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $136.50.

Several equities analysts have recently weighed in on PHM shares. Evercore ISI decreased their price target on shares of PulteGroup from $154.00 to $134.00 and set an “in-line” rating for the company in a research note on Wednesday, October 22nd. Wells Fargo & Company reduced their target price on shares of PulteGroup from $150.00 to $132.00 and set an “overweight” rating for the company in a report on Tuesday. Wall Street Zen downgraded shares of PulteGroup from a “hold” rating to a “sell” rating in a research report on Saturday. Bank of America lowered their price target on shares of PulteGroup from $145.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, October 10th. Finally, Barclays set a $115.00 price objective on shares of PulteGroup in a research note on Monday, December 8th.

PulteGroup Stock Performance

Shares of PulteGroup stock opened at $121.11 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market cap of $23.61 billion, a price-to-earnings ratio of 9.32, a price-to-earnings-growth ratio of 0.97 and a beta of 1.33. The stock’s 50-day moving average is $121.27 and its 200-day moving average is $122.49. PulteGroup has a one year low of $88.07 and a one year high of $142.11.

PulteGroup (NYSE:PHM) last announced its earnings results on Tuesday, October 21st. The construction company reported $2.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.86 by $0.10. The business had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.31 billion. PulteGroup had a return on equity of 19.58% and a net margin of 14.93%.PulteGroup’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter last year, the firm earned $3.35 EPS. Equities analysts predict that PulteGroup will post 12.32 earnings per share for the current fiscal year.

PulteGroup Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Tuesday, December 16th were issued a dividend of $0.26 per share. The ex-dividend date was Tuesday, December 16th. This is a boost from PulteGroup’s previous quarterly dividend of $0.22. This represents a $1.04 annualized dividend and a yield of 0.9%. PulteGroup’s dividend payout ratio is currently 8.01%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Evergreen Capital Management LLC boosted its holdings in shares of PulteGroup by 2.8% in the 2nd quarter. Evergreen Capital Management LLC now owns 2,875 shares of the construction company’s stock valued at $304,000 after buying an additional 78 shares during the last quarter. Fidelis Capital Partners LLC raised its position in PulteGroup by 1.0% during the second quarter. Fidelis Capital Partners LLC now owns 8,760 shares of the construction company’s stock worth $924,000 after acquiring an additional 85 shares in the last quarter. Apella Capital LLC lifted its stake in PulteGroup by 4.2% in the third quarter. Apella Capital LLC now owns 2,163 shares of the construction company’s stock valued at $268,000 after acquiring an additional 87 shares during the last quarter. Cooper Financial Group lifted its stake in PulteGroup by 1.4% in the second quarter. Cooper Financial Group now owns 6,697 shares of the construction company’s stock valued at $706,000 after acquiring an additional 92 shares during the last quarter. Finally, CWM LLC grew its position in shares of PulteGroup by 0.6% in the 3rd quarter. CWM LLC now owns 14,308 shares of the construction company’s stock valued at $1,890,000 after acquiring an additional 92 shares during the period. Institutional investors and hedge funds own 89.90% of the company’s stock.

About PulteGroup

PulteGroup, Inc (NYSE: PHM) is a U.S.-based residential homebuilder that designs, constructs and sells single-family homes and develops master-planned communities. The company operates multiple national and regional brands that target different buyer segments, including first-time buyers, move-up buyers and active-adult customers. Its operations encompass land acquisition and development, home design and construction, community amenities and ongoing customer service and warranty programs.

PulteGroup markets homes under several well-known brands, such as Pulte Homes, Centex and Del Webb, among others, offering a range of product types from entry-level detached homes to larger, higher-end residences and age-restricted active-adult communities.