PulteGroup (NYSE:PHM) had its price objective hoisted by UBS Group from $38.00 to $41.00 in a research report report published on Wednesday morning, 99wallstreet.com reports. They currently have a buy rating on the construction company’s stock.

Other equities research analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of PulteGroup from a hold rating to a buy rating and set a $29.00 price target on the stock in a research note on Tuesday, September 26th. Royal Bank of Canada reaffirmed a buy rating and set a $28.00 price target on shares of PulteGroup in a research note on Monday, September 25th. Credit Suisse Group set a $35.00 price target on shares of PulteGroup and gave the stock a buy rating in a research note on Tuesday, October 24th. Bank of America set a $34.00 price target on shares of PulteGroup and gave the stock a buy rating in a research note on Wednesday, October 25th. Finally, FBR & Co reissued a buy rating and issued a $31.00 target price (up previously from $28.00) on shares of PulteGroup in a research report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of Buy and an average price target of $32.15.

PulteGroup (NYSE:PHM) traded up $0.45 during trading hours on Wednesday, hitting $34.60. 3,242,409 shares of the company traded hands, compared to its average volume of 3,005,190. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.25 and a quick ratio of 0.25. The firm has a market cap of $10,171.29, a price-to-earnings ratio of 17.21, a price-to-earnings-growth ratio of 0.56 and a beta of 1.22. PulteGroup has a 1-year low of $18.88 and a 1-year high of $35.01.

PulteGroup (NYSE:PHM) last released its quarterly earnings results on Tuesday, October 24th. The construction company reported $0.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.01. PulteGroup had a net margin of 7.77% and a return on equity of 14.38%. The firm had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.30 billion. During the same quarter in the previous year, the firm posted $0.43 EPS. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. equities research analysts forecast that PulteGroup will post 2.2 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 3rd. Stockholders of record on Tuesday, December 12th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend was Monday, December 11th. PulteGroup’s payout ratio is currently 17.91%.

In related news, insider James R. Ellinghausen sold 67,490 shares of the business’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $32.35, for a total transaction of $2,183,301.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Robert Oshaughnessy sold 92,800 shares of the business’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $33.89, for a total transaction of $3,144,992.00. Following the sale, the chief financial officer now directly owns 363,722 shares of the company’s stock, valued at approximately $12,326,538.58. The disclosure for this sale can be found here. Insiders sold a total of 297,202 shares of company stock valued at $9,394,580 in the last three months. Insiders own 0.71% of the company’s stock.

Several large investors have recently made changes to their positions in PHM. Wells Fargo & Company MN grew its position in shares of PulteGroup by 56.6% during the 2nd quarter. Wells Fargo & Company MN now owns 905,992 shares of the construction company’s stock valued at $22,224,000 after buying an additional 327,285 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of PulteGroup by 7.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,845 shares of the construction company’s stock valued at $168,000 after buying an additional 465 shares during the last quarter. Riverhead Capital Management LLC grew its position in shares of PulteGroup by 1.2% during the 2nd quarter. Riverhead Capital Management LLC now owns 13,673 shares of the construction company’s stock valued at $336,000 after buying an additional 159 shares during the last quarter. Amalgamated Bank grew its position in shares of PulteGroup by 15.1% during the 2nd quarter. Amalgamated Bank now owns 59,287 shares of the construction company’s stock valued at $1,454,000 after buying an additional 7,793 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in shares of PulteGroup by 10.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 17,717 shares of the construction company’s stock valued at $433,000 after buying an additional 1,692 shares during the last quarter. 84.53% of the stock is owned by institutional investors and hedge funds.

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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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