Brokerages Set PulteGroup, Inc. (NYSE:PHM) Price Target at $135.08

PulteGroup, Inc. (NYSE:PHM) has earned an average rating of “Moderate Buy” from the fifteen research firms that are presently covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $133.69.

PHM has been the subject of a number of recent analyst reports. UBS Group lowered their price target on PulteGroup from $151.00 to $141.00 and set a “buy” rating for the company in a research report on Wednesday, April 23rd. Evercore ISI upped their price target on PulteGroup from $161.00 to $165.00 and gave the company an “outperform” rating in a research report on Wednesday, April 23rd. Royal Bank Of Canada lowered their price target on PulteGroup from $116.00 to $109.00 and set a “sector perform” rating for the company in a research report on Wednesday, April 23rd. Wedbush reiterated an “outperform” rating and set a $135.00 target price on shares of PulteGroup in a report on Tuesday, April 22nd. Finally, Wells Fargo & Company upped their target price on PulteGroup from $120.00 to $125.00 and gave the stock an “overweight” rating in a report on Tuesday, July 8th.

PulteGroup Price Performance

PulteGroup stock opened at $108.03 on Friday. PulteGroup has a 52 week low of $88.07 and a 52 week high of $149.47. The business has a 50-day simple moving average of $103.79 and a 200 day simple moving average of $104.80. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.13. The stock has a market cap of $21.65 billion, a price-to-earnings ratio of 7.62, a PEG ratio of 0.33 and a beta of 1.29.

PulteGroup (NYSE:PHM) last issued its quarterly earnings results on Tuesday, April 22nd. The construction company reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.47 by $0.10. PulteGroup had a return on equity of 22.86% and a net margin of 16.45%. The firm had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.86 billion. During the same quarter in the previous year, the company posted $3.10 earnings per share. On average, research analysts forecast that PulteGroup will post 12.32 earnings per share for the current fiscal year.

PulteGroup Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 2nd. Shareholders of record on Tuesday, June 17th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.81%. The ex-dividend date was Tuesday, June 17th. PulteGroup’s dividend payout ratio is currently 6.21%.

Institutional Investors Weigh In On PulteGroup

Large investors have recently made changes to their positions in the stock. Tocqueville Asset Management L.P. lifted its position in PulteGroup by 2.0% during the first quarter. Tocqueville Asset Management L.P. now owns 5,062 shares of the construction company’s stock valued at $520,000 after purchasing an additional 100 shares during the period. TD Waterhouse Canada Inc. raised its position in shares of PulteGroup by 43.0% in the fourth quarter. TD Waterhouse Canada Inc. now owns 349 shares of the construction company’s stock worth $38,000 after acquiring an additional 105 shares during the period. NDVR Inc. raised its position in shares of PulteGroup by 6.0% in the fourth quarter. NDVR Inc. now owns 1,984 shares of the construction company’s stock worth $216,000 after acquiring an additional 112 shares during the period. Ballentine Partners LLC raised its position in shares of PulteGroup by 3.2% in the second quarter. Ballentine Partners LLC now owns 3,630 shares of the construction company’s stock worth $383,000 after acquiring an additional 112 shares during the period. Finally, Coppell Advisory Solutions LLC raised its position in shares of PulteGroup by 10.0% in the fourth quarter. Coppell Advisory Solutions LLC now owns 1,271 shares of the construction company’s stock worth $138,000 after acquiring an additional 116 shares during the period. 89.90% of the stock is owned by hedge funds and other institutional investors.

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