PulteGroup, Inc. (NYSE:PHM) Receives $136.46 Average PT from Brokerages

PulteGroup, Inc. (NYSE:PHM) has been assigned an average recommendation of “Moderate Buy” from the fifteen brokerages that are presently covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $137.3077.

Several equities research analysts have recently weighed in on PHM shares. JPMorgan Chase & Co. increased their price objective on PulteGroup from $121.00 to $123.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Seaport Res Ptn raised PulteGroup from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 22nd. UBS Group increased their price objective on PulteGroup from $141.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Wells Fargo & Company increased their price objective on PulteGroup from $135.00 to $150.00 and gave the company an “overweight” rating in a report on Tuesday, September 2nd. Finally, Zacks Research raised PulteGroup from a “strong sell” rating to a “hold” rating in a report on Friday, August 29th.

PulteGroup Stock Performance

Shares of PHM opened at $134.85 on Friday. The stock has a 50 day moving average price of $128.96 and a 200 day moving average price of $111.95. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $26.61 billion, a price-to-earnings ratio of 10.08, a price-to-earnings-growth ratio of 0.40 and a beta of 1.29. PulteGroup has a 52-week low of $88.07 and a 52-week high of $149.47.

PulteGroup (NYSE:PHM) last announced its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.92 by $0.11. The firm had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.42 billion. PulteGroup had a return on equity of 21.01% and a net margin of 15.50%.The firm’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same period in the prior year, the company posted $3.83 earnings per share. Research analysts predict that PulteGroup will post 12.32 EPS for the current fiscal year.

PulteGroup Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Tuesday, September 16th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $0.88 annualized dividend and a dividend yield of 0.7%. PulteGroup’s dividend payout ratio (DPR) is currently 6.58%.

Institutional Investors Weigh In On PulteGroup

Hedge funds have recently modified their holdings of the stock. WPG Advisers LLC acquired a new stake in shares of PulteGroup during the first quarter worth $25,000. Twin Peaks Wealth Advisors LLC purchased a new position in PulteGroup in the second quarter worth $32,000. Ameriflex Group Inc. purchased a new position in PulteGroup in the fourth quarter worth $37,000. Rexford Capital Inc. purchased a new position in PulteGroup in the second quarter worth $35,000. Finally, American National Bank & Trust purchased a new position in PulteGroup in the first quarter worth $39,000. 89.90% of the stock is owned by institutional investors and hedge funds.

About PulteGroup

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.