PulteGroup, Inc. (PHM) Receives $25.10 Consensus PT from Brokerages
Shares of PulteGroup, Inc. (NYSE:PHM) have earned an average rating of “Hold” from the fifteen analysts that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $25.10.
Several analysts recently issued reports on the company. Barclays PLC downgraded PulteGroup from an “overweight” rating to an “equal weight” rating and set a $24.00 price target for the company. in a report on Tuesday, July 11th. They noted that the move was a valuation call. Mizuho downgraded PulteGroup from a “neutral” rating to an “underperform” rating and set a $22.00 target price for the company. in a research note on Monday, July 10th. BidaskClub downgraded PulteGroup from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 13th. MKM Partners restated a “neutral” rating on shares of PulteGroup in a research note on Tuesday, September 5th. Finally, Zacks Investment Research upgraded 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.
Hedge funds have recently modified their holdings of the company. Aviva PLC lifted its position in shares of PulteGroup by 9.5% during the second quarter. Aviva PLC now owns 179,277 shares of the construction company’s stock worth $4,399,000 after purchasing an additional 15,540 shares during the last quarter. Peloton Wealth Strategists lifted its position in shares of PulteGroup by 4.7% during the second quarter. Peloton Wealth Strategists now owns 89,700 shares of the construction company’s stock worth $2,200,000 after purchasing an additional 4,000 shares during the last quarter. Hartwell J M Limited Partnership lifted its position in shares of PulteGroup by 4.3% during the second quarter. Hartwell J M Limited Partnership now owns 22,850 shares of the construction company’s stock worth $561,000 after purchasing an additional 950 shares during the last quarter. Mirador Capital Partners LP lifted its position in shares of PulteGroup by 3.7% during the second quarter. Mirador Capital Partners LP now owns 48,655 shares of the construction company’s stock worth $1,246,000 after purchasing an additional 1,728 shares during the last quarter. Finally, HAP Trading LLC lifted its position in shares of PulteGroup by 26.7% during the second quarter. HAP Trading LLC now owns 96,520 shares of the construction company’s stock worth $2,368,000 after purchasing an additional 20,336 shares during the last quarter. 85.50% of the stock is currently owned by institutional investors and hedge funds.
PulteGroup (NYSE PHM) traded up 0.79% on Wednesday, reaching $28.00. The company had a trading volume of 5,478,808 shares. PulteGroup has a 52-week low of $17.69 and a 52-week high of $28.01. The firm has a market capitalization of $8.45 billion, a price-to-earnings ratio of 15.50 and a beta of 1.06. The stock’s 50-day moving average price is $26.64 and its 200 day moving average price is $24.65.
PulteGroup (NYSE:PHM) last announced its quarterly earnings results on Tuesday, July 25th. The construction company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.02. PulteGroup had a return on equity of 13.43% and a net margin of 7.35%. The firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the prior year, the firm earned $0.37 EPS. The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. On average, equities analysts anticipate that PulteGroup will post $2.06 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 3rd. Stockholders of record on Tuesday, September 19th were given a dividend of $0.09 per share. The ex-dividend date was Monday, September 18th. This represents a $0.36 annualized dividend and a dividend yield of 1.29%. PulteGroup’s payout ratio is 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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