PulteGroup (PHM) Raised to “Buy” at Mizuho
PulteGroup (NYSE:PHM) was upgraded by Mizuho from a “neutral” rating to a “buy” rating in a report issued on Thursday, The Fly reports.
Other equities analysts also recently issued research reports about the stock. B. Riley reiterated a “buy” rating on shares of PulteGroup in a research note on Wednesday, November 1st. UBS Group boosted their target price on shares of PulteGroup from $38.00 to $41.00 and gave the stock a “buy” rating in a research note on Wednesday. Zacks Investment Research downgraded shares of PulteGroup from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. Barclays set a $26.00 target price on shares of PulteGroup and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Finally, Bank of America set a $34.00 target price on shares of PulteGroup and gave the stock a “buy” rating in a research note on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $32.15.
PulteGroup (PHM) opened at $34.40 on Thursday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.25 and a current ratio of 0.25. The company has a market cap of $9,924.35, a price-to-earnings ratio of 17.11, a P/E/G ratio of 0.54 and a beta of 1.22. PulteGroup has a 12 month low of $18.87 and a 12 month high of $35.01.
PulteGroup (NYSE:PHM) last issued its earnings results on Tuesday, October 24th. The construction company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.01. The firm had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.30 billion. PulteGroup had a net margin of 7.77% and a return on equity of 14.38%. The company’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.43 earnings per share. analysts expect that PulteGroup will post 2.2 EPS for the current year.
In other news, insider James R. Ellinghausen sold 67,490 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $32.35, for a total value of $2,183,301.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider James R. Ellinghausen sold 136,912 shares of the company’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $29.70, for a total transaction of $4,066,286.40. Following the completion of the sale, the insider now directly owns 294,369 shares of the company’s stock, valued at $8,742,759.30. The disclosure for this sale can be found here. Insiders sold 297,202 shares of company stock valued at $9,394,580 in the last 90 days. 0.71% of the stock is currently owned by insiders.
Large investors have recently made changes to their positions in the company. IHT Wealth Management LLC raised its holdings in shares of PulteGroup by 68.5% in the second quarter. IHT Wealth Management LLC now owns 984 shares of the construction company’s stock valued at $1,017,000 after buying an additional 400 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of PulteGroup by 3.8% in the second quarter. Tower Research Capital LLC TRC now owns 4,086 shares of the construction company’s stock valued at $100,000 after buying an additional 148 shares during the last quarter. National Pension Service purchased a new stake in shares of PulteGroup in the fourth quarter valued at about $138,000. Invictus RG raised its holdings in shares of PulteGroup by 1,473.4% in the third quarter. Invictus RG now owns 4,264 shares of the construction company’s stock valued at $117,000 after buying an additional 3,993 shares during the last quarter. Finally, Fieldpoint Private Securities LLC purchased a new stake in shares of PulteGroup in the third quarter valued at about $150,000. 84.53% of the stock is owned by institutional investors and hedge funds.
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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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