PulteGroup, Inc. (NYSE:PHM) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of PulteGroup, Inc. (NYSE:PHM) have been assigned a consensus rating of “Moderate Buy” from the seventeen analysts that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $142.7143.

Several research analysts have recently commented on PHM shares. Barclays set a $115.00 price objective on PulteGroup in a research note on Monday, December 8th. Weiss Ratings upgraded PulteGroup from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 12th. BTIG Research initiated coverage on shares of PulteGroup in a report on Monday, December 1st. They issued a “neutral” rating for the company. Oppenheimer restated an “outperform” rating and set a $149.00 target price (up from $140.00) on shares of PulteGroup in a research note on Friday, January 30th. Finally, Wall Street Zen raised shares of PulteGroup from a “sell” rating to a “hold” rating in a report on Sunday, January 11th.

Insider Buying and Selling

In other PulteGroup news, COO Matthew William Koart sold 15,309 shares of the firm’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $135.79, for a total transaction of $2,078,809.11. Following the sale, the chief operating officer directly owned 42,418 shares of the company’s stock, valued at $5,759,940.22. This trade represents a 26.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Brien P. O’meara sold 4,000 shares of the business’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $135.51, for a total value of $542,040.00. Following the completion of the transaction, the vice president owned 8,601 shares in the company, valued at $1,165,521.51. The trade was a 31.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 149,952 shares of company stock worth $20,162,165 in the last three months. Corporate insiders own 0.76% of the company’s stock.

Institutional Trading of PulteGroup

Several institutional investors have recently made changes to their positions in PHM. Caitong International Asset Management Co. Ltd bought a new stake in PulteGroup during the 4th quarter valued at approximately $525,000. MidFirst Bank bought a new position in PulteGroup in the 4th quarter worth approximately $8,146,000. SG Trading Solutions LLC bought a new position in PulteGroup in the 4th quarter worth approximately $202,000. Pacer Advisors Inc. grew its holdings in PulteGroup by 8.1% during the 4th quarter. Pacer Advisors Inc. now owns 735,921 shares of the construction company’s stock valued at $86,294,000 after buying an additional 55,206 shares in the last quarter. Finally, Kera Capital Partners Inc. grew its holdings in PulteGroup by 127.3% during the 4th quarter. Kera Capital Partners Inc. now owns 4,475 shares of the construction company’s stock valued at $560,000 after buying an additional 2,506 shares in the last quarter. Hedge funds and other institutional investors own 89.90% of the company’s stock.

PulteGroup Price Performance

NYSE PHM opened at $117.75 on Friday. The business’s fifty day moving average is $131.02 and its 200 day moving average is $127.17. PulteGroup has a fifty-two week low of $88.07 and a fifty-two week high of $144.49. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market capitalization of $22.56 billion, a PE ratio of 10.59, a price-to-earnings-growth ratio of 1.36 and a beta of 1.32.

PulteGroup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Tuesday, March 17th will be paid a dividend of $0.26 per share. The ex-dividend date is Tuesday, March 17th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.9%. PulteGroup’s payout ratio is 9.35%.

About PulteGroup

PulteGroup, Inc (NYSE: PHM) is a U.S.-based residential homebuilder that designs, constructs and sells single-family homes and develops master-planned communities. The company operates multiple national and regional brands that target different buyer segments, including first-time buyers, move-up buyers and active-adult customers. Its operations encompass land acquisition and development, home design and construction, community amenities and ongoing customer service and warranty programs.

PulteGroup markets homes under several well-known brands, such as Pulte Homes, Centex and Del Webb, among others, offering a range of product types from entry-level detached homes to larger, higher-end residences and age-restricted active-adult communities.