PulteGroup Inc. (NYSE:PHM) is set to announce its Q316 earnings results on Thursday, October 20th. Analysts expect the company to announce earnings of $0.44 per share and revenue of $1.94 billion for the quarter.

Earnings History for PulteGroup (NYSE:PHM)

Shares of PulteGroup Inc. (NYSE:PHM) opened at 19.81 on Wednesday. The firm’s 50-day moving average is $20.09 and its 200-day moving average is $19.66. PulteGroup Inc. has a one year low of $14.61 and a one year high of $22.40. The company has a market cap of $6.81 billion, a price-to-earnings ratio of 13.04 and a beta of 1.50.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 4th. Stockholders of record on Tuesday, September 20th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date was Friday, September 16th. PulteGroup’s dividend payout ratio is currently 23.68%.

A number of equities research analysts have recently weighed in on PHM shares. Deutsche Bank AG reissued a “buy” rating and set a $27.00 target price on shares of PulteGroup in a report on Thursday, September 15th. Wells Fargo & Co. started coverage on PulteGroup in a report on Wednesday, September 28th. They set a “market perform” rating for the company. TheStreet raised PulteGroup from a “hold” rating to a “buy” rating in a report on Tuesday, June 28th. Credit Suisse Group AG reissued a “sell” rating on shares of PulteGroup in a report on Tuesday, June 28th. Finally, FBR & Co reissued a “marketperform” rating and set a $24.00 target price on shares of PulteGroup in a report on Thursday, September 29th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. PulteGroup currently has a consensus rating of “Hold” and an average price target of C$21.53.

In other news, VP James L. Ossowski sold 11,655 shares of the company’s stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of C$25.75, for a total transaction of C$300,116.25. Following the transaction, the vice president now owns 51,880 shares of the company’s stock, valued at C$1,335,910. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Harmon D. Smith sold 53,582 shares of the company’s stock in a transaction that occurred on Tuesday, July 26th. The shares were sold at an average price of C$22.05, for a total value of C$1,181,483.10. Following the transaction, the chief operating officer now directly owns 313,628 shares in the company, valued at approximately C$6,915,497.40. The disclosure for this sale can be found here. Insiders own 1.83% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PHM. American Century Companies Inc. boosted its position in PulteGroup by 21.7% in the second quarter. American Century Companies Inc. now owns 5,007,329 shares of the company’s stock worth $97,593,000 after buying an additional 893,841 shares in the last quarter. BlackRock Inc. boosted its position in PulteGroup by 13.0% in the second quarter. BlackRock Inc. now owns 641,597 shares of the company’s stock worth $12,505,000 after buying an additional 74,043 shares in the last quarter. US Bancorp DE boosted its position in PulteGroup by 64.9% in the second quarter. US Bancorp DE now owns 78,126 shares of the company’s stock worth $1,521,000 after buying an additional 30,744 shares in the last quarter. BlackRock Japan Co. Ltd boosted its position in PulteGroup by 0.3% in the second quarter. BlackRock Japan Co. Ltd now owns 422,739 shares of the company’s stock worth $8,239,000 after buying an additional 1,237 shares in the last quarter. Finally, Advantus Capital Management Inc boosted its position in PulteGroup by 0.3% in the second quarter. Advantus Capital Management Inc now owns 30,581 shares of the company’s stock worth $596,000 after buying an additional 106 shares in the last quarter. 89.08% of the stock is currently owned by hedge funds and other institutional investors.

About PulteGroup

PulteGroup, Inc is a homebuilder operating in the United States. The Company, through Pulte Mortgage LLC, is engaged in mortgage banking operations and title operations. The Company’s subsidiaries are also engaged in the homebuilding business. The Company operates through Homebuilding and Financial Services segments.

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