PulteGroup, Inc. (NYSE:PHM) Short Interest Update

PulteGroup, Inc. (NYSE:PHMGet Free Report) was the target of a large drop in short interest in May. As of May 15th, there was short interest totalling 4,260,000 shares, a drop of 17.3% from the April 30th total of 5,150,000 shares. Approximately 2.0% of the shares of the stock are short sold. Based on an average trading volume of 1,740,000 shares, the days-to-cover ratio is presently 2.4 days.

Institutional Investors Weigh In On PulteGroup

Hedge funds and other institutional investors have recently made changes to their positions in the business. First Horizon Advisors Inc. grew its position in PulteGroup by 2.9% during the fourth quarter. First Horizon Advisors Inc. now owns 3,594 shares of the construction company’s stock worth $371,000 after buying an additional 100 shares in the last quarter. Tocqueville Asset Management L.P. grew its position in PulteGroup by 2.0% during the first quarter. Tocqueville Asset Management L.P. now owns 5,092 shares of the construction company’s stock worth $614,000 after buying an additional 101 shares in the last quarter. Global Retirement Partners LLC grew its position in PulteGroup by 4.9% during the first quarter. Global Retirement Partners LLC now owns 2,226 shares of the construction company’s stock worth $269,000 after buying an additional 103 shares in the last quarter. Aprio Wealth Management LLC grew its position in PulteGroup by 3.1% during the fourth quarter. Aprio Wealth Management LLC now owns 3,583 shares of the construction company’s stock worth $370,000 after buying an additional 107 shares in the last quarter. Finally, NBC Securities Inc. lifted its stake in PulteGroup by 2.4% during the first quarter. NBC Securities Inc. now owns 4,774 shares of the construction company’s stock worth $575,000 after purchasing an additional 112 shares during the period. 89.90% of the stock is owned by institutional investors and hedge funds.

PulteGroup Trading Up 1.3 %

Shares of NYSE:PHM opened at $117.33 on Friday. The company has a market cap of $24.68 billion, a P/E ratio of 9.39, a P/E/G ratio of 0.52 and a beta of 1.56. The stock’s 50-day moving average is $114.37 and its 200-day moving average is $106.43. PulteGroup has a 52-week low of $65.28 and a 52-week high of $122.72. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.85 and a current ratio of 0.85.

PulteGroup (NYSE:PHMGet Free Report) last issued its quarterly earnings results on Tuesday, April 23rd. The construction company reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.51. The company had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $3.59 billion. PulteGroup had a return on equity of 25.81% and a net margin of 16.63%. Equities research analysts predict that PulteGroup will post 12.64 earnings per share for the current year.

PulteGroup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Tuesday, June 18th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.68%. The ex-dividend date is Tuesday, June 18th. PulteGroup’s dividend payout ratio is currently 6.41%.

Wall Street Analysts Forecast Growth

PHM has been the subject of several research reports. Jefferies Financial Group raised their price objective on PulteGroup from $126.00 to $131.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Barclays raised their price objective on PulteGroup from $126.00 to $136.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Raymond James reissued an “outperform” rating and set a $135.00 price objective (up from $120.00) on shares of PulteGroup in a research note on Thursday, April 25th. Citigroup raised their price objective on PulteGroup from $127.00 to $129.00 and gave the stock a “neutral” rating in a research note on Friday, May 17th. Finally, StockNews.com raised PulteGroup from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $113.07.

View Our Latest Research Report on PHM

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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