BidaskClub upgraded shares of PulteGroup, Inc. (NYSE:PHM) from a buy rating to a strong-buy rating in a research note issued to investors on Thursday morning.

Other equities analysts have also recently issued reports about the company. Credit Suisse Group assumed coverage on PulteGroup in a report on Thursday, June 22nd. They set an outperform rating and a $27.00 price objective on the stock. Bank of America Corporation reissued a buy rating and set a $30.00 price objective (up from $29.00) on shares of PulteGroup in a report on Tuesday, June 27th. Wedbush raised PulteGroup from an underperform rating to a neutral rating and raised their price objective for the company from $15.00 to $22.00 in a report on Thursday, July 13th. Barclays PLC cut PulteGroup from an overweight rating to an equal weight rating and set a $24.00 price objective on the stock. in a report on Tuesday, July 11th. They noted that the move was a valuation call. Finally, Mizuho cut PulteGroup from a neutral rating to an underperform rating and set a $22.00 price objective on the stock. in a report on Monday, July 10th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $25.08.

PulteGroup (NYSE:PHM) opened at 25.28 on Thursday. The firm has a market cap of $7.63 billion, a P/E ratio of 13.99 and a beta of 1.14. The firm’s 50-day moving average price is $24.80 and its 200 day moving average price is $23.43. PulteGroup has a 52 week low of $17.69 and a 52 week high of $26.00.

PulteGroup (NYSE:PHM) last announced its quarterly earnings data on Tuesday, July 25th. The construction company reported $0.47 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.02. The company had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $2.03 billion. PulteGroup had a return on equity of 13.43% and a net margin of 7.35%. PulteGroup’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period last year, the firm posted $0.37 EPS. Equities analysts forecast that PulteGroup will post $2.09 earnings per share for the current fiscal year.

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In related news, Director Brian P. Anderson sold 14,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $23.18, for a total transaction of $324,520.00. Following the transaction, the director now directly owns 108,744 shares in the company, valued at approximately $2,520,685.92. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.71% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of the company. Flinton Capital Management LLC raised its stake in shares of PulteGroup by 0.4% in the second quarter. Flinton Capital Management LLC now owns 12,288 shares of the construction company’s stock worth $302,000 after buying an additional 48 shares in the last quarter. Tower Research Capital LLC TRC raised its stake 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 worth $100,000 after buying an additional 148 shares in the last quarter. Riverhead Capital Management LLC raised its stake in shares of PulteGroup by 1.2% in the second quarter. Riverhead Capital Management LLC now owns 13,673 shares of the construction company’s stock worth $336,000 after buying an additional 159 shares in the last quarter. McKinley Carter Wealth Services Inc. raised its stake in shares of PulteGroup by 1.7% in the second quarter. McKinley Carter Wealth Services Inc. now owns 10,417 shares of the construction company’s stock worth $256,000 after buying an additional 172 shares in the last quarter. Finally, Dumont & Blake Investment Advisors LLC raised its stake in shares of PulteGroup by 0.4% in the second quarter. Dumont & Blake Investment Advisors LLC now owns 39,600 shares of the construction company’s stock worth $971,000 after buying an additional 175 shares in the last quarter. Institutional investors and hedge funds own 88.12% of the company’s stock.

PulteGroup Company Profile

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.

Analyst Recommendations for PulteGroup (NYSE:PHM)

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