PulteGroup, Inc. (NYSE:PHM) has been given an average recommendation of “Hold” by the sixteen analysts that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $24.70.
Several equities analysts recently commented on PHM shares. FBR & Co reiterated an “outperform” rating and set a $28.00 target price (up from $26.00) on shares of PulteGroup in a research note on Wednesday, July 26th. Zacks Investment Research upgraded shares of PulteGroup from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Tuesday, July 4th. MKM Partners reiterated a “neutral” rating on shares of PulteGroup in a research note on Tuesday, September 5th. Wedbush reiterated a “neutral” rating and set a $22.00 target price on shares of PulteGroup in a research note on Tuesday, July 25th. Finally, Susquehanna Bancshares Inc cut shares of PulteGroup from a “positive” rating to a “neutral” rating and set a $26.00 target price for the company. in a research note on Wednesday, July 26th.
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Institutional investors have recently made changes to their positions in the business. IHT Wealth Management LLC increased its holdings in PulteGroup by 68.5% in the 2nd quarter. IHT Wealth Management LLC now owns 984 shares of the construction company’s stock valued at $1,017,000 after buying an additional 400 shares during the period. Tower Research Capital LLC TRC increased its holdings in PulteGroup by 3.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,086 shares of the construction company’s stock valued at $100,000 after buying an additional 148 shares during the period. Ameritas Investment Partners Inc. bought a new stake in PulteGroup in the 1st quarter valued at $155,000. Northwestern Mutual Wealth Management Co. increased its holdings in PulteGroup by 7.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,845 shares of the construction company’s stock valued at $168,000 after buying an additional 465 shares during the period. Finally, Chartist Inc. CA bought a new stake in PulteGroup in the 1st quarter valued at $208,000. 85.71% of the stock is currently owned by hedge funds and other institutional investors.
Shares of PulteGroup (NYSE:PHM) traded up 0.90% on Friday, reaching $25.88. 4,243,384 shares of the company’s stock traded hands. The company’s 50-day moving average is $25.55 and its 200-day moving average is $24.07. PulteGroup has a 52 week low of $17.69 and a 52 week high of $26.64. The firm has a market capitalization of $7.81 billion, a P/E ratio of 14.32 and a beta of 1.08.
PulteGroup (NYSE:PHM) last issued its quarterly earnings data on Tuesday, July 25th. The construction company reported $0.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.02. PulteGroup had a net margin of 7.35% and a return on equity of 13.43%. The business had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same period in the previous year, the company earned $0.37 earnings per share. PulteGroup’s revenue for the quarter was up 12.3% on a year-over-year basis. Equities research analysts anticipate that PulteGroup will post $2.08 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Tuesday, September 19th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.39%. The ex-dividend date is Monday, September 18th. PulteGroup’s dividend payout ratio (DPR) is presently 20.00%.
PulteGroup, Inc is a homebuilder in the United States. The Company’s segments include Homebuilding and Financial Services. Its Homebuilding operations are engaged in the acquisition and development of land primarily for residential purposes within the United States and the construction of housing on such land.
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