By otakuyassine3@gmail.com 
Shares of PulteGroup, Inc. (NYSE:PHM – Get Free Report) have been given an average recommendation of “Moderate Buy” by the sixteen research firms that are covering the stock, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $142.71.
PHM has been the subject of several recent analyst reports. Wedbush restated a “neutral” rating and set a $115.00 price objective on shares of PulteGroup in a research report on Tuesday, October 22nd. StockNews.com cut shares of PulteGroup from a “buy” rating to a “hold” rating in a research report on Wednesday, December 11th. Bank of America raised their price objective on PulteGroup from $138.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. UBS Group boosted their target price on PulteGroup from $148.00 to $154.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Finally, Barclays restated an “equal weight” rating and set a $140.00 price target (down previously from $150.00) on shares of PulteGroup in a research note on Wednesday, December 11th.
Check Out Our Latest Research Report on PulteGroup
Institutional Trading of PulteGroup
Hedge funds have recently made changes to their positions in the company. Atomi Financial Group Inc. lifted its position in PulteGroup by 9.7% in the second quarter. Atomi Financial Group Inc. now owns 4,477 shares of the construction company’s stock valued at $493,000 after purchasing an additional 395 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in PulteGroup by 21.8% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 20,930 shares of the construction company’s stock worth $2,304,000 after acquiring an additional 3,746 shares in the last quarter. Patriot Financial Group Insurance Agency LLC purchased a new position in PulteGroup in the second quarter worth $250,000. HB Wealth Management LLC lifted its holdings in PulteGroup by 8.8% in the second quarter. HB Wealth Management LLC now owns 2,649 shares of the construction company’s stock valued at $292,000 after acquiring an additional 214 shares during the period. Finally, UMB Bank n.a. boosted its position in shares of PulteGroup by 4.9% during the 2nd quarter. UMB Bank n.a. now owns 10,847 shares of the construction company’s stock worth $1,194,000 after purchasing an additional 506 shares in the last quarter. Institutional investors and hedge funds own 89.90% of the company’s stock.
PulteGroup Stock Performance
Shares of PHM stock opened at $109.52 on Wednesday. The company has a market cap of $22.46 billion, a P/E ratio of 8.08, a PEG ratio of 0.48 and a beta of 1.62. The firm has a fifty day moving average price of $126.87 and a 200 day moving average price of $127.15. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.14. PulteGroup has a 12 month low of $99.03 and a 12 month high of $149.47.
PulteGroup (NYSE:PHM – Get Free Report) last issued its earnings results on Tuesday, October 22nd. The construction company reported $3.35 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.25. The business had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.27 billion. PulteGroup had a return on equity of 25.30% and a net margin of 16.64%. The business’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the company earned $2.90 EPS. Sell-side analysts predict that PulteGroup will post 12.94 earnings per share for the current fiscal year.
PulteGroup Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Tuesday, December 17th will be paid a $0.22 dividend. This is a boost from PulteGroup’s previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend is Tuesday, December 17th. PulteGroup’s payout ratio is currently 6.49%.
About PulteGroup
PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. It acquires and develops land primarily for residential purposes; and constructs housing on such land. The company also offers various home designs, including single-family detached, townhomes, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, John Wieland Homes and Neighborhoods, and American West brand names.
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