PulteGroup, Inc. (NYSE:PHM) Stock Has Consensus Target Price of $137.24

PulteGroup, Inc. (NYSE:PHM) has been given a consensus recommendation of “Moderate Buy” by the twenty-one research firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $137.24.

A number of analysts have recently commented on the company. Weiss Ratings raised PulteGroup from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 16th. Piper Sandler cut shares of PulteGroup to a “hold” rating and set a $145.00 price objective for the company. in a report on Thursday, October 8th. Barclays lowered their target price on shares of PulteGroup from $110.00 to $109.00 and set an “equal weight” rating for the company in a research note on Friday, October 23rd. UBS Group lowered their target price on shares of PulteGroup from $166.00 to $162.00 and set a “buy” rating for the company in a research note on Friday, October 23rd. Finally, Zacks Research cut shares of PulteGroup from a “hold” rating to a “strong sell” rating in a research report on Monday, October 26th.

Institutional Investors Weigh In On PulteGroup

Large investors have recently modified their holdings of the business. Cedar Mountain Advisors LLC lifted its holdings in shares of PulteGroup by 1,650.0% during the 1st quarter. Cedar Mountain Advisors LLC now owns 210 shares of the construction company’s stock valued at $25,000 after purchasing an additional 198 shares in the last quarter. Lynch Investment Planning LLC acquired a new stake in PulteGroup during the 3rd quarter worth approximately $26,000. NFSG Corp acquired a new stake in PulteGroup during the 1st quarter worth approximately $29,000. Mcdonald Partners LLC bought a new position in PulteGroup in the second quarter valued at approximately $43,000. Finally, Evelyn Partners Investment Management Services Ltd bought a new position in PulteGroup in the first quarter valued at approximately $37,000. 89.90% of the stock is currently owned by institutional investors.

PulteGroup Stock Up 0.4%

NYSE:PHM opened at $124.80 on Friday. PulteGroup has a 12-month low of $107.15 and a 12-month high of $144.49. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $22.97 billion, a P/E ratio of 13.33, a P/E/G ratio of 2.06 and a beta of 1.16. The stock’s fifty day simple moving average is $119.29 and its 200-day simple moving average is $124.18.

PulteGroup (NYSE:PHM) last released its quarterly earnings data on Thursday, October 22nd. The construction company reported $2.53 EPS for the quarter, missing analysts’ consensus estimates of $2.63 by ($0.10). PulteGroup had a net margin of 11.24% and a return on equity of 14.29%. The company had revenue of $3.97 billion during the quarter, compared to the consensus estimate of $4.15 billion. During the same quarter in the prior year, the company posted $2.96 EPS. The company’s revenue for the quarter was down 9.8% compared to the same quarter last year. Equities research analysts expect that PulteGroup will post 9.51 earnings per share for the current year.

PulteGroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Tuesday, September 15th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Tuesday, September 15th. PulteGroup’s dividend payout ratio (DPR) is presently 11.11%.

PulteGroup Company Profile

PulteGroup, Inc is a major U.S. homebuilding company that designs, builds and sells homes for a range of buyers, including first-time, move-up and active-adult customers. Its operations include land acquisition and development, home construction, sales and marketing, and customer service.

The company markets homes under several well-known brands, including Pulte, Centex, Del Webb, DiVosta and American West. Through these brands, PulteGroup offers a variety of single-family home designs and communities, with products tailored to different price points, lifestyles and stages of homeownership.