PulteGroup (NYSE:PHM) Receives Sell Rating from Seaport Research Partners

PulteGroup (NYSE:PHM)‘s stock had its “sell” rating reissued by stock analysts at Seaport Research Partners in a report released on Tuesday,Benzinga reports. They currently have a $100.00 target price on the construction company’s stock, down from their prior target price of $155.00. Seaport Research Partners’ target price suggests a potential downside of 16.53% from the stock’s current price.

Several other equities analysts also recently commented on PHM. JPMorgan Chase & Co. lowered their price objective on shares of PulteGroup from $149.00 to $131.00 and set an “overweight” rating for the company in a research note on Tuesday, February 3rd. Truist Financial initiated coverage on shares of PulteGroup in a research note on Wednesday, March 4th. They set a “buy” rating and a $170.00 price objective for the company. Barclays set a $115.00 price objective on shares of PulteGroup in a research note on Monday, December 8th. Citigroup upped their price objective on shares of PulteGroup from $128.00 to $136.00 and gave the company a “neutral” rating in a research note on Tuesday, February 3rd. Finally, UBS Group reaffirmed a “buy” rating on shares of PulteGroup in a research note on Thursday, March 12th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $142.71.

PulteGroup Stock Performance

Shares of NYSE:PHM opened at $119.80 on Tuesday. The company has a market cap of $22.95 billion, a price-to-earnings ratio of 10.77, a price-to-earnings-growth ratio of 1.36 and a beta of 1.33. The company has a 50-day moving average price of $127.94 and a 200-day moving average price of $125.45. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. PulteGroup has a 12 month low of $88.07 and a 12 month high of $144.49.

Insider Buying and Selling

In related news, VP Brien P. O’meara sold 4,000 shares of the stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $135.51, for a total value of $542,040.00. Following the completion of the transaction, the vice president directly owned 8,601 shares of the company’s stock, valued at $1,165,521.51. This represents a 31.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Ryan Marshall sold 111,250 shares of the stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $133.86, for a total transaction of $14,891,925.00. Following the completion of the transaction, the insider directly owned 659,392 shares of the company’s stock, valued at approximately $88,266,213.12. The trade was a 14.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 149,952 shares of company stock valued at $20,162,165 over the last quarter. 0.75% of the stock is currently owned by insiders.

Institutional Investors Weigh In On PulteGroup

Hedge funds and other institutional investors have recently bought and sold shares of the business. Rachor Investment Advisory Services LLC purchased a new stake in PulteGroup in the fourth quarter worth about $31,000. DV Equities LLC purchased a new stake in PulteGroup in the fourth quarter worth about $32,000. Lloyd Advisory Services LLC. purchased a new stake in PulteGroup in the fourth quarter worth about $33,000. Rexford Capital Inc. purchased a new stake in PulteGroup in the second quarter worth about $35,000. Finally, Private Wealth Management Group LLC grew its holdings in PulteGroup by 281.7% in the third quarter. Private Wealth Management Group LLC now owns 271 shares of the construction company’s stock worth $36,000 after purchasing an additional 200 shares during the period. Hedge funds and other institutional investors own 89.90% of the company’s stock.

PulteGroup Company Profile

PulteGroup, Inc (NYSE: PHM) is a U.S.-based residential homebuilder that designs, constructs and sells single-family homes and develops master-planned communities. The company operates multiple national and regional brands that target different buyer segments, including first-time buyers, move-up buyers and active-adult customers. Its operations encompass land acquisition and development, home design and construction, community amenities and ongoing customer service and warranty programs.

PulteGroup markets homes under several well-known brands, such as Pulte Homes, Centex and Del Webb, among others, offering a range of product types from entry-level detached homes to larger, higher-end residences and age-restricted active-adult communities.