PulteGroup’s (PHM) Neutral Rating Reaffirmed at MKM Partners
PHM has been the subject of several other reports. FBR & Co reiterated an outperform rating and issued a $28.00 price target (up from $26.00) on shares of PulteGroup in a research report on Wednesday, July 26th. Zacks Investment Research upgraded PulteGroup from a hold rating to a buy rating and set a $27.00 price target for the company in a research report on Tuesday, July 4th. Wedbush reiterated a neutral rating and issued a $22.00 price target on shares of PulteGroup in a research report on Tuesday, July 25th. Mizuho assumed coverage on PulteGroup in a research report on Tuesday, May 16th. They issued a neutral rating and a $22.00 price target for the company. Finally, Susquehanna Bancshares Inc lowered PulteGroup from a positive rating to a neutral rating and set a $26.00 price objective for the company. in a research note on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. PulteGroup presently has a consensus rating of Hold and an average target price of $25.08.
PulteGroup (NYSE PHM) opened at 25.76 on Tuesday. The firm has a market capitalization of $7.77 billion, a price-to-earnings ratio of 14.26 and a beta of 1.08. PulteGroup has a one year low of $17.69 and a one year high of $26.05. The firm has a 50-day moving average price of $25.17 and a 200-day moving average price of $23.83.
PulteGroup (NYSE:PHM) last announced its quarterly earnings results on Tuesday, July 25th. The construction company reported $0.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.02. The company had revenue of $2.02 billion during 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%. The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.37 earnings per share. Analysts expect that PulteGroup will post $2.09 EPS for the current year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Tuesday, September 19th will be given a $0.09 dividend. The ex-dividend date is Monday, September 18th. This represents a $0.36 annualized dividend and a yield of 1.40%. PulteGroup’s dividend payout ratio (DPR) is presently 20.00%.
A number of hedge funds have recently added to or reduced their stakes in the stock. Achmea Investment Management B.V. bought a new position in PulteGroup in the 2nd quarter valued at approximately $253,000. Dynamic Technology Lab Private Ltd bought a new position in PulteGroup in the 2nd quarter valued at approximately $564,000. Koch Industries Inc. bought a new position in PulteGroup in the 2nd quarter valued at approximately $220,000. 1st Global Advisors Inc. bought a new position in shares of PulteGroup during the 2nd quarter valued at $266,000. Finally, Financial Partners Capital Management LLC lifted its holdings in shares of PulteGroup by 0.3% during the 2nd quarter. Financial Partners Capital Management LLC now owns 414,577 shares of the construction company’s stock valued at $10,170,000 after buying an additional 1,337 shares during the period. 85.80% of the stock is currently owned by institutional investors and hedge funds.
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.
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