Shares of PulteGroup, Inc. (NYSE:PHM – Get Free Report) have been given an average recommendation of “Moderate Buy” by the twenty-one ratings firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation, ten have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $136.76.
Several research analysts have weighed in on the company. Weiss Ratings cut PulteGroup from a “buy (b-)” rating to a “hold (c)” rating in a research report on Friday, October 30th. Truist Financial decreased their target price on shares of PulteGroup from $145.00 to $136.00 and set a “buy” rating for the company in a research report on Wednesday, September 16th. Piper Sandler lowered shares of PulteGroup to a “hold” rating and set a $145.00 target price on the stock. in a research report on Thursday, October 8th. Wolfe Research set a $129.00 target price on shares of PulteGroup and gave the stock an “outperform” rating in a research note on Monday, August 24th. Finally, Royal Bank Of Canada lowered their target price on shares of PulteGroup from $111.00 to $110.00 and set a “sector perform” rating on the stock in a research report on Friday, October 23rd.
View Our Latest Stock Report on PHM
Institutional Investors Weigh In On PulteGroup
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cedar Mountain Advisors LLC lifted its stake in shares of PulteGroup by 1,650.0% during the 1st quarter. Cedar Mountain Advisors LLC now owns 210 shares of the construction company’s stock worth $25,000 after buying an additional 198 shares during the last quarter. Lynch Investment Planning LLC purchased a new stake in shares of PulteGroup in the 3rd quarter valued at $26,000. NFSG Corp bought a new stake in shares of PulteGroup during the 1st quarter valued at about $29,000. Evelyn Partners Investment Management Services Ltd bought a new position in PulteGroup in the 1st quarter valued at approximately $37,000. Finally, Mcdonald Partners LLC purchased a new position in PulteGroup during the second quarter valued at $43,000. Institutional investors and hedge funds own 89.90% of the company’s stock.
PulteGroup Price Performance
PHM stock opened at $132.36 on Friday. The firm has a market cap of $24.37 billion, a P/E ratio of 13.56, a PEG ratio of 2.17 and a beta of 1.17. The stock’s 50 day moving average price is $119.59 and its 200 day moving average price is $124.22. PulteGroup has a 1 year low of $107.15 and a 1 year high of $144.49. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.71 and a current ratio of 0.71.
PulteGroup (NYSE:PHM – Get Free Report) last released its quarterly earnings results on Thursday, October 22nd. The construction company reported $2.53 EPS for the quarter, missing analysts’ consensus estimates of $2.63 by ($0.10). PulteGroup had a return on equity of 14.29% and a net margin of 11.24%. The company had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $4.15 billion. During the same quarter last year, the firm posted $2.96 earnings per share. The firm’s quarterly revenue was down 9.8% compared to the same quarter last year. On average, sell-side analysts expect that PulteGroup will post 9.37 earnings per share for the current fiscal year.
PulteGroup Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Tuesday, September 15th were paid a $0.26 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. PulteGroup’s payout ratio is currently 11.11%.
PulteGroup Company Profile
PulteGroup, Inc is a major U.S. homebuilding company that designs, builds and sells homes for a range of buyers, including first-time, move-up and active-adult customers. Its operations include land acquisition and development, home construction, sales and marketing, and customer service.
The company markets homes under several well-known brands, including Pulte, Centex, Del Webb, DiVosta and American West. Through these brands, PulteGroup offers a variety of single-family home designs and communities, with products tailored to different price points, lifestyles and stages of homeownership.
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