Brokerages Set PulteGroup, Inc. (NYSE:PHM) Price Target at $142.71

PulteGroup, Inc. (NYSE:PHM) has received a consensus rating of “Moderate Buy” from the seventeen ratings firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, nine have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $142.7143.

PHM has been the subject of a number of research analyst reports. Citizens Jmp initiated coverage on shares of PulteGroup in a research report on Wednesday, January 7th. They set a “market outperform” rating and a $145.00 price objective for the company. Weiss Ratings upgraded shares of PulteGroup from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, January 12th. Truist Financial initiated coverage on shares of PulteGroup in a research note on Wednesday, March 4th. They set a “buy” rating and a $170.00 target price for the company. Citigroup upped their price target on shares of PulteGroup from $128.00 to $136.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 3rd. Finally, Wells Fargo & Company lifted their price objective on PulteGroup from $132.00 to $150.00 and gave the stock an “overweight” rating in a report on Wednesday, January 14th.

Insider Transactions at PulteGroup

In related news, VP Brien P. O’meara sold 4,000 shares of the business’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 sale, the vice president directly owned 8,601 shares in the company, valued at approximately $1,165,521.51. The trade was a 31.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ryan Marshall sold 111,250 shares of the stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $133.86, for a total value of $14,891,925.00. Following the completion of the transaction, the insider directly owned 659,392 shares of the company’s stock, valued at approximately $88,266,213.12. This represents a 14.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 149,952 shares of company stock valued at $20,162,165. Insiders own 0.75% of the company’s stock.

Hedge Funds Weigh In On PulteGroup

Several hedge funds and other institutional investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd purchased a new position in shares of PulteGroup in the fourth quarter worth about $525,000. MidFirst Bank purchased a new stake in PulteGroup during the 4th quarter valued at about $8,146,000. SG Trading Solutions LLC purchased a new stake in PulteGroup during the 4th quarter valued at about $202,000. Pacer Advisors Inc. grew its stake in PulteGroup by 8.1% during the 4th quarter. Pacer Advisors Inc. now owns 735,921 shares of the construction company’s stock valued at $86,294,000 after acquiring an additional 55,206 shares in the last quarter. Finally, Kera Capital Partners Inc. raised its holdings in PulteGroup by 127.3% in the 4th quarter. Kera Capital Partners Inc. now owns 4,475 shares of the construction company’s stock valued at $560,000 after acquiring an additional 2,506 shares during the last quarter. 89.90% of the stock is owned by hedge funds and other institutional investors.

PulteGroup Trading Down 2.9%

Shares of NYSE:PHM opened at $114.48 on Friday. PulteGroup has a 1 year low of $88.07 and a 1 year high of $144.49. The firm has a market capitalization of $21.93 billion, a price-to-earnings ratio of 10.30, a price-to-earnings-growth ratio of 1.33 and a beta of 1.32. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.01 and a quick ratio of 1.01. The business’s 50 day moving average price is $130.66 and its 200-day moving average price is $126.97.

PulteGroup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Tuesday, March 17th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Tuesday, March 17th. PulteGroup’s dividend payout ratio (DPR) is 9.35%.

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.