PulteGroup (NYSE:PHM) Stock Rating Upgraded by StockNews.com

PulteGroup (NYSE:PHM) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Friday.

A number of other research analysts have also recently commented on PHM. Bank of America upped their price objective on PulteGroup from $82.00 to $92.00 in a report on Wednesday, July 26th. BTIG Research upped their price target on PulteGroup from $83.00 to $100.00 and gave the stock a “buy” rating in a research note on Tuesday, July 25th. Citigroup cut their price objective on PulteGroup from $97.00 to $87.00 and set a “buy” rating on the stock in a research report on Thursday, October 26th. Royal Bank of Canada cut their price objective on PulteGroup from $90.00 to $81.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 25th. Finally, Credit Suisse Group upped their price objective on PulteGroup from $71.00 to $85.00 in a research report on Wednesday, July 26th. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $89.00.

PulteGroup Trading Up 1.8 %

Shares of PulteGroup stock opened at $82.37 on Friday. The stock has a market cap of $17.76 billion, a P/E ratio of 6.69, a P/E/G ratio of 0.24 and a beta of 1.43. The stock’s 50 day simple moving average is $75.59 and its 200-day simple moving average is $75.46. PulteGroup has a 1-year low of $41.72 and a 1-year high of $86.15. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.88 and a quick ratio of 0.88.

PulteGroup (NYSE:PHM) last issued its earnings results on Tuesday, October 24th. The construction company reported $2.90 earnings per share for the quarter, topping the consensus estimate of $2.83 by $0.07. PulteGroup had a return on equity of 28.25% and a net margin of 16.37%. The business had revenue of $4 billion for the quarter, compared to analysts’ expectations of $4.05 billion. During the same period in the previous year, the firm posted $2.69 EPS. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. Analysts predict that PulteGroup will post 11.46 EPS for the current fiscal year.

Institutional Trading of PulteGroup

Hedge funds and other institutional investors have recently made changes to their positions in the company. Coppell Advisory Solutions LLC purchased a new position in shares of PulteGroup during the second quarter worth about $29,000. West Tower Group LLC purchased a new position in shares of PulteGroup during the second quarter worth about $30,000. Grove Bank & Trust grew its holdings in shares of PulteGroup by 98.1% during the second quarter. Grove Bank & Trust now owns 410 shares of the construction company’s stock worth $32,000 after buying an additional 203 shares during the last quarter. Arlington Trust Co LLC purchased a new position in shares of PulteGroup during the third quarter worth about $33,000. Finally, Clear Street Markets LLC grew its holdings in shares of PulteGroup by 90.9% during the first quarter. Clear Street Markets LLC now owns 441 shares of the construction company’s stock worth $26,000 after buying an additional 210 shares during the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

PulteGroup Company Profile

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, American West, and John Wieland Homes and Neighborhoods brand names.