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

PulteGroup, Inc. (NYSE:PHMGet Free Report) has earned a consensus recommendation of “Moderate Buy” from the fourteen analysts that are presently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $113.07.

A number of equities research analysts have recently weighed in on PHM shares. Barclays lifted their target price on shares of PulteGroup from $126.00 to $136.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Raymond James reissued an “outperform” rating and issued a $135.00 target price (up previously from $120.00) on shares of PulteGroup in a research report on Thursday, April 25th. Jefferies Financial Group lifted their price target on PulteGroup from $126.00 to $131.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. StockNews.com upgraded PulteGroup from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th. Finally, Zelman & Associates upgraded shares of PulteGroup from a “neutral” rating to an “outperform” rating in a report on Wednesday, April 24th.

Get Our Latest Research Report on PHM

PulteGroup Stock Performance

Shares of NYSE:PHM opened at $111.54 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.18. The company has a market cap of $23.46 billion, a price-to-earnings ratio of 8.93, a price-to-earnings-growth ratio of 0.52 and a beta of 1.59. PulteGroup has a 12 month low of $68.80 and a 12 month high of $122.72. The company has a 50-day moving average price of $113.95 and a 200-day moving average price of $107.34.

PulteGroup (NYSE:PHMGet Free Report) last announced its earnings results on Tuesday, April 23rd. The construction company reported $2.87 EPS for the quarter, beating analysts’ consensus estimates of $2.36 by $0.51. The company had revenue of $3.95 billion during 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%. As a group, equities analysts anticipate that PulteGroup will post 12.64 EPS for the current year.

PulteGroup Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Tuesday, June 18th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend is Tuesday, June 18th. PulteGroup’s dividend payout ratio (DPR) is 6.41%.

Institutional Trading of PulteGroup

A number of institutional investors have recently made changes to their positions in PHM. Norges Bank bought a new stake in PulteGroup in the 4th quarter worth approximately $381,960,000. Pacer Advisors Inc. boosted its stake in shares of PulteGroup by 54.6% in the 4th quarter. Pacer Advisors Inc. now owns 3,003,713 shares of the construction company’s stock worth $310,043,000 after buying an additional 1,060,466 shares during the last quarter. Hsbc Holdings PLC grew its holdings in shares of PulteGroup by 63.6% in the third quarter. Hsbc Holdings PLC now owns 1,748,119 shares of the construction company’s stock worth $129,354,000 after acquiring an additional 679,582 shares during the period. Swedbank AB purchased a new stake in PulteGroup during the first quarter valued at $68,985,000. Finally, Allianz Asset Management GmbH lifted its holdings in PulteGroup by 38.3% in the fourth quarter. Allianz Asset Management GmbH now owns 1,892,229 shares of the construction company’s stock valued at $195,316,000 after acquiring an additional 523,623 shares during the period. Hedge funds and other institutional investors own 89.90% of the company’s stock.

About PulteGroup

(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.

See Also

Analyst Recommendations for PulteGroup (NYSE:PHM)

Receive News & Ratings for PulteGroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PulteGroup and related companies with MarketBeat.com's FREE daily email newsletter.