PulteGroup (NYSE:PHM) PT Lowered to $43.00 at Citigroup

PulteGroup (NYSE:PHMGet Rating) had its target price cut by Citigroup from $55.00 to $43.00 in a report released on Tuesday, The Fly reports. They currently have a buy rating on the construction company’s stock.

A number of other analysts have also recently weighed in on the stock. BTIG Research reduced their price objective on shares of PulteGroup from $66.00 to $57.00 in a research note on Monday, June 6th. Credit Suisse Group assumed coverage on shares of PulteGroup in a research note on Tuesday, April 5th. They set an outperform rating and a $52.00 target price for the company. Wedbush cut their target price on shares of PulteGroup from $68.00 to $57.00 in a research note on Monday, May 2nd. UBS Group cut their target price on shares of PulteGroup from $73.00 to $55.00 and set a buy rating for the company in a research note on Thursday, June 16th. Finally, The Goldman Sachs Group cut their target price on shares of PulteGroup from $63.00 to $48.00 and set a neutral rating for the company in a research note on Tuesday, April 12th. Seven analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of $51.58.

NYSE PHM opened at $39.72 on Tuesday. The company has a 50 day moving average price of $42.36 and a two-hundred day moving average price of $47.29. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.27. PulteGroup has a 12-month low of $35.03 and a 12-month high of $58.09. The stock has a market capitalization of $9.44 billion, a PE ratio of 4.87, a price-to-earnings-growth ratio of 0.58 and a beta of 1.32.

PulteGroup (NYSE:PHMGet Rating) last issued its quarterly earnings data on Thursday, April 28th. The construction company reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.13. PulteGroup had a net margin of 14.58% and a return on equity of 27.91%. The business had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.09 billion. During the same period in the previous year, the company earned $1.28 earnings per share. PulteGroup’s revenue for the quarter was up 16.8% on a year-over-year basis. As a group, equities analysts anticipate that PulteGroup will post 10.65 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 5th. Stockholders of record on Friday, June 10th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.51%. The ex-dividend date is Thursday, June 9th. PulteGroup’s payout ratio is 7.35%.

Several institutional investors and hedge funds have recently bought and sold shares of PHM. Sugarloaf Wealth Management LLC grew its holdings in PulteGroup by 303.2% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 504 shares of the construction company’s stock worth $29,000 after acquiring an additional 379 shares during the last quarter. Johnson Financial Group Inc. bought a new stake in PulteGroup during the 4th quarter worth about $30,000. Catalyst Capital Advisors LLC bought a new stake in PulteGroup during the 4th quarter worth about $37,000. Newbridge Financial Services Group Inc. bought a new stake in PulteGroup during the 4th quarter worth about $39,000. Finally, Tyler Stone Wealth Management bought a new stake in PulteGroup during the 4th quarter worth about $49,000. 90.32% of the stock is currently owned by institutional investors and hedge funds.

PulteGroup Company Profile (Get Rating)

PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. It acquires and develops land primarily for residential purposes; and constructs housing on such land. The company also offers various home designs, including single-family detached, townhomes, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, American West, and John Wieland Homes and Neighborhoods brand names.

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