PulteGroup, Inc. (NYSE:PHM) Receives Consensus Rating of “Moderate Buy” from Analysts

PulteGroup, Inc. (NYSE:PHMGet Free Report) has earned a consensus recommendation of “Moderate Buy” from the fourteen research firms that are covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $104.87.

A number of research analysts recently commented on PHM shares. Wedbush reiterated a “neutral” rating and issued a $85.00 price objective on shares of PulteGroup in a report on Wednesday, January 31st. The Goldman Sachs Group increased their target price on shares of PulteGroup from $91.00 to $105.00 and gave the stock a “neutral” rating in a research note on Thursday, January 11th. Raymond James boosted their price target on shares of PulteGroup from $100.00 to $120.00 and gave the company an “outperform” rating in a research note on Monday, February 5th. Barclays lifted their target price on shares of PulteGroup from $120.00 to $126.00 and gave the company an “overweight” rating in a report on Wednesday, January 31st. Finally, UBS Group cut PulteGroup from a “buy” rating to a “neutral” rating and upped their price target for the stock from $93.00 to $120.00 in a research note on Thursday, January 4th.

Read Our Latest Research Report on PulteGroup

PulteGroup Trading Up 0.3 %

Shares of PulteGroup stock opened at $116.45 on Monday. PulteGroup has a 1-year low of $55.26 and a 1-year high of $117.41. The stock has a market cap of $24.70 billion, a P/E ratio of 9.92, a P/E/G ratio of 0.78 and a beta of 1.56. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.86 and a quick ratio of 0.86. The stock’s 50 day simple moving average is $107.08 and its 200-day simple moving average is $93.16.

PulteGroup (NYSE:PHMGet Free Report) last announced its quarterly earnings results on Tuesday, January 30th. The construction company reported $3.28 earnings per share for the quarter, beating the consensus estimate of $3.21 by $0.07. The firm had revenue of $4.29 billion for the quarter, compared to analysts’ expectations of $4.47 billion. PulteGroup had a net margin of 16.20% and a return on equity of 25.97%. The company’s revenue was down 15.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.63 EPS. Analysts predict that PulteGroup will post 11.77 EPS for the current fiscal year.

PulteGroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 2nd. Stockholders of record on Friday, March 15th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $0.80 annualized dividend and a dividend yield of 0.69%. PulteGroup’s dividend payout ratio is currently 6.81%.

PulteGroup declared that its Board of Directors has initiated a share buyback plan on Tuesday, January 30th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the construction company to repurchase up to 6.5% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at PulteGroup

In other news, VP Brien P. O’meara sold 2,000 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $103.09, for a total value of $206,180.00. Following the completion of the transaction, the vice president now owns 15,389 shares in the company, valued at approximately $1,586,452.01. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.83% of the stock is currently owned by insiders.

Institutional Trading of PulteGroup

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. grew its stake in PulteGroup by 1.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 32,649 shares of the construction company’s stock worth $3,370,000 after buying an additional 414 shares during the last quarter. Wahed Invest LLC grew its position in shares of PulteGroup by 3.9% during the fourth quarter. Wahed Invest LLC now owns 3,657 shares of the construction company’s stock worth $377,000 after acquiring an additional 137 shares during the last quarter. ICA Group Wealth Management LLC purchased a new stake in PulteGroup in the 4th quarter valued at $101,000. Wellington Management Group LLP acquired a new stake in PulteGroup during the 4th quarter worth $5,731,000. Finally, Richardson Financial Services Inc. purchased a new position in PulteGroup during the 4th quarter worth $74,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

PulteGroup Company Profile

(Get Free Report

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.

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Analyst Recommendations for PulteGroup (NYSE:PHM)

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