PulteGroup, Inc. (NYSE:PHM) declared a quarterly dividend on Thursday, February 8th, RTT News reports. Stockholders of record on Friday, March 16th will be paid a dividend of 0.09 per share by the construction company on Tuesday, April 3rd. This represents a $0.36 annualized dividend and a dividend yield of 1.22%.

PulteGroup has raised its dividend by an average of 21.6% per year over the last three years. PulteGroup has a dividend payout ratio of 16.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect PulteGroup to earn $3.54 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 10.2%.

Shares of PulteGroup (NYSE:PHM) traded down $0.52 during mid-day trading on Thursday, hitting $29.39. 2,124,875 shares of the stock traded hands, compared to its average volume of 5,181,356. PulteGroup has a fifty-two week low of $21.13 and a fifty-two week high of $35.21. The company has a quick ratio of 0.25, a current ratio of 0.17 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $8,630.00, a P/E ratio of 19.92, a PEG ratio of 0.48 and a beta of 1.03.

PulteGroup (NYSE:PHM) last posted its quarterly earnings data on Tuesday, January 30th. The construction company reported $0.85 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.85. PulteGroup had a net margin of 5.22% and a return on equity of 15.52%. The firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same period in the prior year, the firm posted $0.67 EPS. The firm’s revenue was up 12.1% compared to the same quarter last year. research analysts forecast that PulteGroup will post 3.06 EPS for the current fiscal year.

A number of research analysts have commented on the stock. Zacks Investment Research downgraded shares of PulteGroup from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. B. Riley reissued a “hold” rating and issued a $36.00 price target on shares of PulteGroup in a research report on Wednesday, January 31st. Credit Suisse Group raised shares of PulteGroup to a “buy” rating and set a $38.00 price target for the company in a research report on Wednesday, January 31st. Mizuho raised shares of PulteGroup from a “neutral” rating to a “buy” rating in a research report on Thursday, January 18th. Finally, UBS Group increased their price target on shares of PulteGroup from $38.00 to $41.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $32.38.

PulteGroup declared that its board has approved a share buyback plan on Tuesday, January 30th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the construction company to purchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

In other news, insider James R. Ellinghausen sold 67,490 shares of PulteGroup stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $32.35, for a total value of $2,183,301.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Robert Oshaughnessy sold 92,800 shares of PulteGroup stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $33.89, for a total transaction of $3,144,992.00. Following the completion of the transaction, the chief financial officer now directly owns 363,722 shares in the company, valued at approximately $12,326,538.58. The disclosure for this sale can be found here. 0.71% of the stock is currently owned by company insiders.

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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.

Dividend History for PulteGroup (NYSE:PHM)

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