Brokerages Set PulteGroup, Inc. (NYSE:PHM) Price Target at $140.62

Shares of PulteGroup, Inc. (NYSE:PHM) have received a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and nine have given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $140.6154.

Several equities research analysts have issued reports on the stock. Evercore lifted their price target on shares of PulteGroup from $134.00 to $143.00 in a research note on Friday, January 30th. UBS Group reduced their price objective on shares of PulteGroup from $160.00 to $159.00 and set a “buy” rating for the company in a research note on Tuesday, January 6th. Weiss Ratings raised PulteGroup from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, January 12th. Royal Bank Of Canada upped their target price on PulteGroup from $111.00 to $115.00 and gave the stock a “sector perform” rating in a report on Friday, January 30th. Finally, Zacks Research cut PulteGroup from a “hold” rating to a “strong sell” rating in a research report on Monday, January 26th.

PulteGroup Stock Down 4.4%

PulteGroup stock opened at $134.76 on Monday. The company has a 50 day moving average of $128.74 and a 200-day moving average of $127.44. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.13. PulteGroup has a twelve month low of $88.07 and a twelve month high of $144.49. The stock has a market capitalization of $25.92 billion, a PE ratio of 12.12, a price-to-earnings-growth ratio of 1.64 and a beta of 1.33.

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 $0.26 dividend. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. PulteGroup’s dividend payout ratio (DPR) is currently 9.35%.

Insider Buying and Selling at PulteGroup

In other news, EVP Todd N. Sheldon sold 14,220 shares of the business’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $135.01, for a total transaction of $1,919,842.20. Following the transaction, the executive vice president directly owned 69,753 shares in the company, valued at $9,417,352.53. The trade was a 16.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Ryan Marshall sold 111,250 shares of the company’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $133.86, for a total transaction of $14,891,925.00. Following the completion of the sale, the insider directly owned 659,392 shares in the company, valued at approximately $88,266,213.12. The trade was a 14.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 149,952 shares of company stock valued at $20,162,165 in the last 90 days. Company insiders own 0.76% of the company’s stock.

Hedge Funds Weigh In On PulteGroup

Institutional investors have recently bought and sold shares of the business. Golden State Wealth Management LLC lifted its position in shares of PulteGroup by 18.3% in the fourth quarter. Golden State Wealth Management LLC now owns 484 shares of the construction company’s stock valued at $57,000 after buying an additional 75 shares during the last quarter. Evergreen Capital Management LLC raised its stake in PulteGroup by 2.8% in the 2nd quarter. Evergreen Capital Management LLC now owns 2,875 shares of the construction company’s stock valued at $304,000 after acquiring an additional 78 shares during the period. Stephens Inc. AR lifted its holdings in PulteGroup by 3.5% during the 4th quarter. Stephens Inc. AR now owns 2,350 shares of the construction company’s stock valued at $276,000 after purchasing an additional 80 shares during the last quarter. Fidelis Capital Partners LLC boosted its position in PulteGroup by 1.0% during the second quarter. Fidelis Capital Partners LLC now owns 8,760 shares of the construction company’s stock worth $924,000 after purchasing an additional 85 shares during the period. Finally, Apella Capital LLC boosted its position in PulteGroup by 4.2% during the third quarter. Apella Capital LLC now owns 2,163 shares of the construction company’s stock worth $268,000 after purchasing an additional 87 shares during the period. Institutional investors and hedge funds own 89.90% of the company’s stock.

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.