Shares of PulteGroup, Inc. (NYSE:PHM) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $22.95 and last traded at $22.75, with a volume of 282696 shares changing hands. The stock had previously closed at $23.31.

A number of analysts have recently issued reports on PHM shares. Bank of America set a $32.00 price objective on shares of PulteGroup and gave the company a “buy” rating in a research note on Thursday. Citigroup dropped their price objective on shares of PulteGroup from $32.00 to $26.00 and set a “hold” rating on the stock in a research note on Wednesday. JMP Securities reiterated a “hold” rating on shares of PulteGroup in a research note on Tuesday, July 31st. Barclays set a $30.00 price objective on shares of PulteGroup and gave the company a “hold” rating in a research note on Friday, September 14th. Finally, Susquehanna Bancshares set a $32.00 price objective on shares of PulteGroup and gave the company a “hold” rating in a research note on Friday, July 27th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $33.50.

The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $7.04 billion, a PE ratio of 10.45, a price-to-earnings-growth ratio of 0.36 and a beta of 1.04.

PulteGroup (NYSE:PHM) last issued its quarterly earnings results on Thursday, July 26th. The construction company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.15. The business had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.38 billion. PulteGroup had a net margin of 7.92% and a return on equity of 19.95%. The business’s revenue was up 27.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.47 earnings per share. Sell-side analysts forecast that PulteGroup, Inc. will post 3.51 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 3rd. Investors of record on Tuesday, September 18th were paid a $0.09 dividend. The ex-dividend date was Monday, September 17th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.57%. PulteGroup’s dividend payout ratio (DPR) is presently 16.44%.

In other PulteGroup news, Director Brian P. Anderson sold 5,000 shares of PulteGroup stock in a transaction on Monday, August 27th. The shares were sold at an average price of $28.96, for a total value of $144,800.00. Following the completion of the transaction, the director now owns 101,235 shares of the company’s stock, valued at $2,931,765.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.86% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in PHM. Flagship Harbor Advisors LLC acquired a new position in PulteGroup in the second quarter worth $112,000. Rehmann Capital Advisory Group boosted its holdings in PulteGroup by 54.9% in the second quarter. Rehmann Capital Advisory Group now owns 6,187 shares of the construction company’s stock worth $178,000 after purchasing an additional 2,193 shares during the period. Raymond James Trust N.A. acquired a new position in PulteGroup in the second quarter worth $232,000. Segall Bryant & Hamill LLC acquired a new position in PulteGroup in the second quarter worth $232,000. Finally, Mariner LLC boosted its holdings in PulteGroup by 26.3% in the first quarter. Mariner LLC now owns 9,173 shares of the construction company’s stock worth $270,000 after purchasing an additional 1,911 shares during the period. 86.56% of the stock is owned by hedge funds and other institutional investors.

About PulteGroup (NYSE:PHM)

PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. The company is involved in the acquisition and development of land primarily for residential purposes; and the construction of housing on such land. It offers various home designs, including single-family detached, townhouses, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, and John Wieland Homes and Neighborhoods names.

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