PulteGroup, Inc. (PHM) Sets New 12-Month High at $25.81
Shares of PulteGroup, Inc. (NYSE:PHM) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $25.81 and last traded at $25.81, with a volume of 2,502,911 shares changing hands. The stock had previously closed at $25.53.
Several analysts have issued reports on the stock. BidaskClub downgraded shares of PulteGroup from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Zacks Investment Research raised shares of PulteGroup from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Wednesday, April 26th. UBS AG downgraded shares of PulteGroup from a “positive” rating to a “neutral” rating in a research report on Wednesday, July 26th. Wedbush raised shares of PulteGroup from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $15.00 to $22.00 in a research report on Thursday, July 13th. Finally, FBR & Co reaffirmed an “outperform” rating and issued a $28.00 price objective (up previously from $26.00) on shares of PulteGroup in a research report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the stock. PulteGroup presently has a consensus rating of “Hold” and a consensus target price of $25.08.
The firm has a market capitalization of $7.82 billion, a P/E ratio of 14.34 and a beta of 1.14. The company’s 50-day moving average is $24.69 and its 200-day moving average is $23.37.
PulteGroup (NYSE:PHM) last issued its quarterly earnings results on Tuesday, July 25th. The construction company reported $0.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.02. The company had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.03 billion. PulteGroup had a return on equity of 13.43% and a net margin of 7.35%. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.37 EPS. On average, equities analysts anticipate that PulteGroup, Inc. will post $2.09 earnings per share for the current year.
In other PulteGroup news, Director Brian P. Anderson sold 14,000 shares of PulteGroup stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $23.18, for a total value of $324,520.00. Following the transaction, the director now directly owns 108,744 shares of the company’s stock, valued at approximately $2,520,685.92. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.71% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Boston Advisors LLC acquired a new position in shares of PulteGroup during the first quarter valued at approximately $17,839,000. Patten & Patten Inc. TN increased its position in shares of PulteGroup by 6.9% in the first quarter. Patten & Patten Inc. TN now owns 580,675 shares of the construction company’s stock valued at $13,675,000 after buying an additional 37,270 shares in the last quarter. Bank of The West increased its position in shares of PulteGroup by 2.1% in the first quarter. Bank of The West now owns 18,911 shares of the construction company’s stock valued at $445,000 after buying an additional 382 shares in the last quarter. DnB Asset Management AS increased its position in shares of PulteGroup by 25.1% in the first quarter. DnB Asset Management AS now owns 22,900 shares of the construction company’s stock valued at $539,000 after buying an additional 4,600 shares in the last quarter. Finally, Telemus Capital LLC acquired a new position in shares of PulteGroup during the first quarter valued at approximately $220,000. 88.12% of the stock is currently owned by institutional investors.
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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