PulteGroup, Inc. (NYSE:PHM) Stock Has Average Target Price of $140.12 According to Analysts

Shares of PulteGroup, Inc. (NYSE:PHM) have been given a consensus rating of “Moderate Buy” by the twenty-two analysts that are covering the stock, MarketBeat reports. Nine research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $139.17.

Several research firms recently commented on PHM. Wolfe Research set a $129.00 target price on PulteGroup and gave the stock an “outperform” rating in a research note on Monday, August 24th. Royal Bank Of Canada increased their price target on PulteGroup from $115.00 to $116.00 and gave the stock a “sector perform” rating in a report on Thursday, July 23rd. Piper Sandler downgraded shares of PulteGroup to a “hold” rating and set a $145.00 price objective for the company. in a research report on Thursday. Weiss Ratings lowered shares of PulteGroup from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 2nd. Finally, Citigroup reiterated a “market outperform” rating on shares of PulteGroup in a research note on Thursday.

Hedge Funds Weigh In On PulteGroup

Several institutional investors have recently made changes to their positions in the stock. Cedar Mountain Advisors LLC grew its stake in shares of PulteGroup by 1,650.0% in the 1st quarter. Cedar Mountain Advisors LLC now owns 210 shares of the construction company’s stock valued at $25,000 after buying an additional 198 shares during the period. NFSG Corp bought a new stake in PulteGroup during the first quarter worth $29,000. HHM Wealth Advisors LLC grew its stake in shares of PulteGroup by 158.5% in the 1st quarter. HHM Wealth Advisors LLC now owns 274 shares of the construction company’s stock worth $32,000 after acquiring an additional 168 shares in the last quarter. Evelyn Partners Investment Management Services Ltd purchased a new stake in PulteGroup in the 1st quarter valued at about $37,000. Finally, Mcdonald Partners LLC purchased a new stake in shares of PulteGroup during the second quarter valued at approximately $43,000. Institutional investors and hedge funds own 89.90% of the company’s stock.

PulteGroup Stock Performance

Shares of PHM opened at $113.70 on Tuesday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $21.31 billion, a P/E ratio of 11.61, a price-to-earnings-growth ratio of 1.39 and a beta of 1.16. The firm’s fifty day simple moving average is $123.54 and its two-hundred day simple moving average is $123.01. PulteGroup has a 12 month low of $108.49 and a 12 month high of $144.49.

PulteGroup (NYSE:PHM) last issued its quarterly earnings results on Wednesday, July 22nd. The construction company reported $2.48 earnings per share for the quarter, topping analysts’ consensus estimates of $2.36 by $0.12. The firm had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.94 billion. PulteGroup had a return on equity of 15.21% and a net margin of 11.62%.The business’s revenue was down 9.6% compared to the same quarter last year. During the same period last year, the business posted $3.03 EPS. As a group, analysts predict that PulteGroup will post 10.08 EPS for the current year.

PulteGroup Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Tuesday, September 15th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Tuesday, September 15th. PulteGroup’s dividend payout ratio (DPR) is presently 10.62%.

About PulteGroup

PulteGroup, Inc is a homebuilding company headquartered in Atlanta, Georgia. Founded in 1950 by William J. Pulte, the company develops, builds and sells homes for a range of buyers, including first-time, move-up and active-adult customers.

The company operates through several well-known brands, including Pulte Homes, Centex, Del Webb and DiVosta. Its offerings include single-family homes and related residential developments, with designs and communities tailored to different lifestyles, price points and stages of homeownership.

PulteGroup serves homebuyers across numerous markets in the United States.