PulteGroup, Inc. (NYSE:PHM) Receives $140.86 Consensus PT from Brokerages

Shares of PulteGroup, Inc. (NYSE:PHMGet Free Report) have received a consensus rating of “Moderate Buy” from the seventeen ratings firms that are covering the company, MarketBeat.com reports. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $140.86.

A number of research analysts have recently commented on PHM shares. Oppenheimer lowered their target price on PulteGroup from $165.00 to $150.00 and set an “outperform” rating for the company in a research note on Friday, January 31st. Citigroup lowered their target price on PulteGroup from $146.00 to $119.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. JPMorgan Chase & Co. lowered their price objective on PulteGroup from $162.00 to $155.00 and set an “overweight” rating for the company in a research note on Friday, December 13th. StockNews.com cut PulteGroup from a “buy” rating to a “hold” rating in a research note on Wednesday, December 11th. Finally, The Goldman Sachs Group lowered their price objective on PulteGroup from $140.00 to $124.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th.

Read Our Latest Analysis on PHM

PulteGroup Price Performance

Shares of PHM stock opened at $103.04 on Monday. The firm has a market cap of $20.86 billion, a P/E ratio of 7.00, a P/E/G ratio of 0.29 and a beta of 1.71. PulteGroup has a fifty-two week low of $100.54 and a fifty-two week high of $149.47. The business’s 50 day moving average price is $109.01 and its 200-day moving average price is $123.08. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.86 and a current ratio of 0.86.

PulteGroup (NYSE:PHMGet Free Report) last released its earnings results on Thursday, January 30th. The construction company reported $3.50 EPS for the quarter, beating analysts’ consensus estimates of $3.28 by $0.22. PulteGroup had a return on equity of 24.43% and a net margin of 17.18%. On average, equities research analysts anticipate that PulteGroup will post 12.32 earnings per share for the current year.

PulteGroup announced that its Board of Directors has approved a stock buyback program on Thursday, January 30th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the construction company to reacquire up to 6.2% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

PulteGroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Tuesday, March 18th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Tuesday, March 18th. PulteGroup’s payout ratio is currently 5.98%.

Insider Buying and Selling

In other PulteGroup news, VP Brien P. O’meara sold 3,500 shares of the business’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $106.40, for a total transaction of $372,400.00. Following the completion of the sale, the vice president now owns 11,372 shares of the company’s stock, valued at approximately $1,209,980.80. The trade was a 23.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Brian P. Anderson sold 2,500 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $106.45, for a total value of $266,125.00. Following the sale, the director now directly owns 56,617 shares of the company’s stock, valued at $6,026,879.65. This represents a 4.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,191 shares of company stock valued at $2,256,367 over the last 90 days. Company insiders own 0.83% of the company’s stock.

Institutional Trading of PulteGroup

Several hedge funds have recently bought and sold shares of PHM. Concurrent Investment Advisors LLC grew its holdings in PulteGroup by 7.3% during the third quarter. Concurrent Investment Advisors LLC now owns 3,621 shares of the construction company’s stock valued at $520,000 after purchasing an additional 245 shares during the period. Summit Global Investments bought a new stake in PulteGroup during the third quarter valued at about $251,000. AIA Group Ltd bought a new stake in PulteGroup during the third quarter valued at about $402,000. Leavell Investment Management Inc. bought a new position in shares of PulteGroup in the third quarter worth about $231,000. Finally, Verdence Capital Advisors LLC boosted its stake in shares of PulteGroup by 2.8% in the third quarter. Verdence Capital Advisors LLC now owns 3,598 shares of the construction company’s stock worth $516,000 after acquiring an additional 97 shares during the period. Institutional investors own 89.90% of the company’s stock.

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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Analyst Recommendations for PulteGroup (NYSE:PHM)

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