PulteGroup (NYSE:PHM) Given Sell Rating at Seaport Research Partners

Seaport Research Partners reiterated their sell rating on shares of PulteGroup (NYSE:PHM) in a research report report published on Tuesday morning, Marketbeat.com reports. Seaport Research Partners currently has a $100.00 target price on the construction company’s stock, down from their prior target price of $155.00.

PHM has been the topic of a number of other reports. Citigroup raised their target price on PulteGroup from $128.00 to $136.00 and gave the company a “neutral” rating in a research report on Tuesday, February 3rd. The Goldman Sachs Group lifted their price objective on PulteGroup from $144.00 to $150.00 and gave the stock a “neutral” rating in a report on Tuesday, February 17th. Barclays set a $115.00 price objective on PulteGroup in a report on Monday, December 8th. Truist Financial assumed coverage on PulteGroup in a report on Wednesday, March 4th. They issued a “buy” rating and a $170.00 price objective on the stock. Finally, Zacks Research cut PulteGroup from a “hold” rating to a “strong sell” rating in a report on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, PulteGroup presently has an average rating of “Moderate Buy” and an average target price of $142.71.

PulteGroup Price Performance

NYSE:PHM opened at $115.08 on Tuesday. PulteGroup has a 52 week low of $88.07 and a 52 week high of $144.49. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $22.05 billion, a PE ratio of 10.35, a price-to-earnings-growth ratio of 1.36 and a beta of 1.33. The stock’s 50-day moving average price is $127.76 and its 200-day moving average price is $125.33.

PulteGroup Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 2nd. Shareholders of record on Tuesday, March 17th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Tuesday, March 17th. PulteGroup’s dividend payout ratio (DPR) is 9.35%.

Insiders Place Their Bets

In other PulteGroup news, COO Matthew William Koart sold 15,309 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $135.79, for a total value of $2,078,809.11. Following the transaction, the chief operating officer directly owned 42,418 shares of the company’s stock, valued at $5,759,940.22. This trade represents a 26.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Brien P. O’meara sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $135.51, for a total transaction of $542,040.00. Following the completion of the transaction, the vice president directly owned 8,601 shares in the company, valued at $1,165,521.51. This trade represents a 31.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 149,952 shares of company stock worth $20,162,165. 0.75% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Rachor Investment Advisory Services LLC purchased a new position in PulteGroup in the 4th quarter worth approximately $31,000. DV Equities LLC purchased a new position in PulteGroup in the 4th quarter worth approximately $32,000. Lloyd Advisory Services LLC. purchased a new position in PulteGroup in the 4th quarter worth approximately $33,000. Rexford Capital Inc. purchased a new position in PulteGroup in the 2nd quarter worth approximately $35,000. Finally, Private Wealth Management Group LLC raised its position in shares of PulteGroup by 281.7% during the 3rd quarter. Private Wealth Management Group LLC now owns 271 shares of the construction company’s stock valued at $36,000 after buying an additional 200 shares during the period. 89.90% of the stock is owned by hedge funds and other institutional investors.

PulteGroup Company Profile

PulteGroup, Inc (NYSE: PHM) is a U.S.-based residential homebuilder that designs, constructs and sells single-family homes and develops master-planned communities. The company operates multiple national and regional brands that target different buyer segments, including first-time buyers, move-up buyers and active-adult customers. Its operations encompass land acquisition and development, home design and construction, community amenities and ongoing customer service and warranty programs.

PulteGroup markets homes under several well-known brands, such as Pulte Homes, Centex and Del Webb, among others, offering a range of product types from entry-level detached homes to larger, higher-end residences and age-restricted active-adult communities.