PulteGroup, Inc. (PHM) Given Average Recommendation of “Hold” by Brokerages
PulteGroup, Inc. (NYSE:PHM) has been given an average recommendation of “Hold” by the sixteen research firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $24.91.
Several research firms have issued reports on PHM. BidaskClub raised PulteGroup from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 17th. Zacks Investment Research cut PulteGroup from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Wedbush raised PulteGroup from an “underperform” rating to a “neutral” rating and upped their price target for the company from $15.00 to $22.00 in a report on Thursday, July 13th. UBS AG cut PulteGroup from a “positive” rating to a “neutral” rating in a report on Wednesday, July 26th. Finally, FBR & Co reissued 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.
In other PulteGroup news, Director Brian P. Anderson sold 14,000 shares of the company’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $23.18, for a total transaction of $324,520.00. Following the completion of the sale, the director now directly owns 108,744 shares in the company, valued at $2,520,685.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.71% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Hartwell J M Limited Partnership boosted its stake in PulteGroup by 4.3% in the second quarter. Hartwell J M Limited Partnership now owns 22,850 shares of the construction company’s stock valued at $561,000 after buying an additional 950 shares during the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new stake in PulteGroup during the second quarter valued at $2,631,000. Commerce Bank bought a new stake in PulteGroup during the first quarter valued at $207,000. Bank of Montreal Can boosted its stake in PulteGroup by 129.1% in the second quarter. Bank of Montreal Can now owns 669,271 shares of the construction company’s stock valued at $16,417,000 after buying an additional 377,181 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in PulteGroup by 30.0% in the first quarter. First Trust Advisors LP now owns 1,264,856 shares of the construction company’s stock valued at $29,787,000 after buying an additional 291,555 shares during the last quarter. Institutional investors and hedge funds own 85.82% of the company’s stock.
PulteGroup (NYSE PHM) traded up 0.04% during mid-day trading on Tuesday, hitting $25.31. The stock had a trading volume of 3,058,256 shares. PulteGroup has a 12-month low of $17.69 and a 12-month high of $26.00. The firm has a market cap of $7.64 billion, a P/E ratio of 14.01 and a beta of 1.14. The stock has a 50-day moving average price of $24.88 and a 200 day moving average price of $23.57.
PulteGroup (NYSE:PHM) last posted its quarterly earnings results on Tuesday, July 25th. The construction company reported $0.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.02. The company had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $2.03 billion. PulteGroup had a return on equity of 13.43% and a net margin of 7.35%. The firm’s revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.37 earnings per share. Equities analysts anticipate that PulteGroup will post $2.09 EPS for the current fiscal year.
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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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