Credit Suisse Group reissued their outperform rating on shares of PulteGroup (NYSE:PHM) in a research note published on Monday. The brokerage currently has a $38.00 target price on the construction company’s stock, up from their prior target price of $32.00. The analysts noted that the move was a valuation call.
Other equities analysts also recently issued reports about the company. B. Riley reissued a buy rating on shares of PulteGroup in a research note on Wednesday, November 1st. Zacks Investment Research downgraded PulteGroup from a buy rating to a hold rating in a research note on Monday, October 30th. Barclays set a $26.00 target price on PulteGroup and gave the stock a hold rating in a research note on Wednesday, October 25th. UBS Group increased their target price on PulteGroup from $38.00 to $41.00 and gave the stock a buy rating in a research note on Wednesday, January 17th. Finally, KeyCorp reissued a hold rating on shares of PulteGroup in a research note on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $32.38.
Shares of PulteGroup (PHM) traded up $0.55 during mid-day trading on Monday, hitting $35.15. The stock had a trading volume of 3,933,400 shares, compared to its average volume of 3,753,864. The stock has a market cap of $10,230.00, a P/E ratio of 17.23, a price-to-earnings-growth ratio of 0.56 and a beta of 1.21. PulteGroup has a fifty-two week low of $19.02 and a fifty-two week high of $35.19. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.72.
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Investors of record on Tuesday, December 12th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date was Monday, December 11th. PulteGroup’s dividend payout ratio is currently 17.65%.
In related news, CFO Robert Oshaughnessy sold 92,800 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $33.89, for a total value of $3,144,992.00. Following the sale, the chief financial officer now owns 363,722 shares in the company, valued at approximately $12,326,538.58. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider James R. Ellinghausen sold 136,912 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $29.70, for a total value of $4,066,286.40. Following the completion of the sale, the insider now owns 294,369 shares in the company, valued at approximately $8,742,759.30. The disclosure for this sale can be found here. In the last 90 days, insiders sold 297,202 shares of company stock worth $9,394,580. Insiders own 0.71% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC grew its holdings in PulteGroup by 3.8% during 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 last quarter. Invictus RG grew its holdings in PulteGroup by 1,473.4% during the 3rd quarter. Invictus RG now owns 4,264 shares of the construction company’s stock valued at $117,000 after buying an additional 3,993 shares during the last quarter. National Pension Service acquired a new stake in PulteGroup during the 4th quarter valued at $138,000. Fieldpoint Private Securities LLC acquired a new stake in PulteGroup during the 3rd quarter valued at $150,000. Finally, Koch Industries Inc. acquired a new stake in PulteGroup during the 2nd quarter valued at $220,000. Institutional investors and hedge funds own 83.37% of the company’s stock.
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PulteGroup Company Profile
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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