PulteGroup Inc. (PHM) Given Consensus Recommendation of “Hold” by Analysts
Shares of PulteGroup Inc. (NYSE:PHM) have earned an average rating of “Hold” from the eighteen research firms that are covering the stock. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $21.70.
Several research firms have issued reports on PHM. Evercore ISI began coverage on shares of PulteGroup in a research report on Monday, November 14th. They issued a “hold” rating and a $18.00 price target on the stock. Zacks Investment Research cut shares of PulteGroup from a “hold” rating to a “strong sell” rating in a research report on Monday, October 24th. FBR & Co lowered their price objective on shares of PulteGroup from $24.00 to $23.00 and set a “mkt perform” rating on the stock in a research report on Friday, October 21st. Wedbush reiterated an “underperform” rating and set a $16.00 price objective on shares of PulteGroup in a research report on Thursday, October 20th. Finally, Wells Fargo & Co. initiated coverage on shares of PulteGroup in a research report on Wednesday, September 28th. They set a “market perform” rating on the stock.
Shares of PulteGroup (NYSE:PHM) traded down 0.63% during mid-day trading on Tuesday, reaching $18.79. The company had a trading volume of 2,810,412 shares. PulteGroup has a 52-week low of $14.61 and a 52-week high of $22.40. The stock has a market capitalization of $6.21 billion, a P/E ratio of 11.82 and a beta of 1.27. The company’s 50-day moving average is $19.04 and its 200 day moving average is $19.71.
PulteGroup (NYSE:PHM) last posted its quarterly earnings results on Thursday, October 20th. The company reported $0.43 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.43. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.94 billion. PulteGroup had a net margin of 7.70% and a return on equity of 11.86%. The firm’s quarterly revenue was up 29.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.33 earnings per share. Analysts anticipate that PulteGroup will post $1.53 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Credit Suisse AG raised its position in PulteGroup by 925.7% in the second quarter. Credit Suisse AG now owns 12,969,345 shares of the company’s stock worth $252,772,000 after buying an additional 11,704,936 shares in the last quarter. Boston Partners raised its position in PulteGroup by 53.9% in the second quarter. Boston Partners now owns 25,047,967 shares of the company’s stock worth $488,185,000 after buying an additional 8,773,436 shares in the last quarter. Dimensional Fund Advisors LP raised its position in PulteGroup by 26.6% in the second quarter. Dimensional Fund Advisors LP now owns 10,166,771 shares of the company’s stock worth $198,134,000 after buying an additional 2,132,979 shares in the last quarter. Chartwell Investment Partners LLC raised its position in PulteGroup by 6,759.8% in the third quarter. Chartwell Investment Partners LLC now owns 2,057,935 shares of the company’s stock worth $41,241,000 after buying an additional 2,027,935 shares in the last quarter. Finally, Morgan Stanley raised its position in PulteGroup by 137.7% in the third quarter. Morgan Stanley now owns 3,198,096 shares of the company’s stock worth $64,088,000 after buying an additional 1,852,825 shares in the last quarter. 91.28% of the stock is owned by hedge funds and other institutional investors.
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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