PulteGroup, Inc. (NYSE:PHM) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of PulteGroup, Inc. (NYSE:PHMGet Free Report) have been assigned an average recommendation of “Moderate Buy” from the seventeen brokerages that are presently covering the firm, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $135.9231.

A number of equities analysts have commented on PHM shares. Wells Fargo & Company reduced their price target on shares of PulteGroup from $150.00 to $132.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 6th. Bank of America reduced their target price on PulteGroup from $145.00 to $140.00 and set a “buy” rating on the stock in a report on Friday, October 10th. JPMorgan Chase & Co. increased their price target on PulteGroup from $136.00 to $149.00 and gave the stock an “overweight” rating in a research report on Thursday, December 4th. Wedbush reiterated an “outperform” rating and issued a $150.00 price objective on shares of PulteGroup in a research report on Tuesday, October 21st. Finally, Citigroup decreased their target price on PulteGroup from $135.00 to $128.00 and set a “neutral” rating on the stock in a report on Thursday.

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PulteGroup News Summary

Here are the key news stories impacting PulteGroup this week:

PulteGroup Stock Performance

Shares of NYSE:PHM opened at $132.19 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.81 and a quick ratio of 0.81. The business’s fifty day moving average price is $121.58 and its two-hundred day moving average price is $122.77. PulteGroup has a fifty-two week low of $88.07 and a fifty-two week high of $142.11. The stock has a market capitalization of $25.77 billion, a price-to-earnings ratio of 10.18, a price-to-earnings-growth ratio of 1.07 and a beta of 1.33.

PulteGroup (NYSE:PHMGet Free Report) last issued its earnings results on Tuesday, October 21st. The construction company reported $2.96 EPS for the quarter, beating the consensus estimate of $2.86 by $0.10. PulteGroup had a net margin of 14.93% and a return on equity of 19.58%. The company had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.31 billion. During the same quarter in the previous year, the company earned $3.35 EPS. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, analysts predict that PulteGroup will post 12.32 EPS for the current fiscal year.

PulteGroup Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Shareholders of record on Tuesday, December 16th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $1.04 dividend on an annualized basis and a yield of 0.8%. This is an increase from PulteGroup’s previous quarterly dividend of $0.22. PulteGroup’s payout ratio is currently 8.01%.

Hedge Funds Weigh In On PulteGroup

Institutional investors have recently modified their holdings of the stock. Evergreen Capital Management LLC increased its holdings in shares of PulteGroup by 2.8% in the second quarter. Evergreen Capital Management LLC now owns 2,875 shares of the construction company’s stock valued at $304,000 after purchasing an additional 78 shares in the last quarter. Fidelis Capital Partners LLC boosted its position in PulteGroup by 1.0% in the 2nd quarter. Fidelis Capital Partners LLC now owns 8,760 shares of the construction company’s stock valued at $924,000 after buying an additional 85 shares during the last quarter. Apella Capital LLC increased its stake in shares of PulteGroup by 4.2% in the 3rd quarter. Apella Capital LLC now owns 2,163 shares of the construction company’s stock valued at $268,000 after buying an additional 87 shares during the period. Cooper Financial Group raised its position in shares of PulteGroup by 1.4% during the second quarter. Cooper Financial Group now owns 6,697 shares of the construction company’s stock worth $706,000 after acquiring an additional 92 shares during the last quarter. Finally, CWM LLC lifted its stake in shares of PulteGroup by 0.6% during the third quarter. CWM LLC now owns 14,308 shares of the construction company’s stock valued at $1,890,000 after acquiring an additional 92 shares during the period. 89.90% of the stock is owned by institutional investors.

About PulteGroup

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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.

Further Reading

Analyst Recommendations for PulteGroup (NYSE:PHM)

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