PulteGroup Inc. (NYSE:PHM) has earned a consensus rating of “Hold” from the twenty research firms that are currently covering the firm. Three investment analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is C$21.92.
Several research firms have issued reports on PHM. Royal Bank Of Canada boosted their price objective on shares of PulteGroup from $23.00 to $26.00 and gave the stock an “outperform” rating in a research note on Friday, July 22nd. Deutsche Bank AG reiterated a “buy” rating and set a $27.00 price objective on shares of PulteGroup in a research note on Thursday, September 15th. FBR & Co restated a “marketperform” rating and issued a $24.00 target price on shares of PulteGroup in a research note on Thursday, September 29th. Zacks Investment Research downgraded shares of PulteGroup from a “buy” rating to a “hold” rating in a research note on Tuesday, September 27th. Finally, Wells Fargo & Co. initiated coverage on shares of PulteGroup in a research note on Wednesday, September 28th. They issued a “market perform” rating for the company.
Shares of PulteGroup (NYSE:PHM) traded up 0.10% on Monday, reaching $19.45. 1,978,368 shares of the company’s stock traded hands. PulteGroup has a 52 week low of $14.61 and a 52 week high of $22.40. The stock has a market capitalization of $6.68 billion, a PE ratio of 12.80 and a beta of 1.50. The company has a 50 day moving average of $20.18 and a 200-day moving average of $19.63.
PulteGroup (NYSE:PHM) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.02. PulteGroup had a net margin of 7.89% and a return on equity of 11.24%. The company earned $1.80 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same period in the previous year, the firm earned $0.28 earnings per share. PulteGroup’s revenue for the quarter was up 40.6% on a year-over-year basis. Equities research analysts forecast that PulteGroup will post $1.61 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 4th. Investors of record on Tuesday, September 20th were issued a $0.09 dividend. The ex-dividend date of this dividend was Friday, September 16th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.85%. PulteGroup’s dividend payout ratio (DPR) is presently 23.68%.
In related news, insider James R. Ellinghausen sold 125,000 shares of the stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of C$21.60, for a total value of C$2,700,000.00. Following the sale, the insider now owns 532,931 shares of the company’s stock, valued at approximately C$11,511,309.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Richard J. Dugas, Jr. sold 243,115 shares of the stock in a transaction dated Monday, July 25th. The stock was sold at an average price of C$21.96, for a total transaction of C$5,338,805.40. Following the completion of the sale, the chief executive officer now directly owns 1,441,759 shares in the company, valued at approximately C$31,661,027.64. The disclosure for this sale can be found here. 1.83% of the stock is currently owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the company. IFP Advisors Inc boosted its stake in PulteGroup by 69.4% in the first quarter. IFP Advisors Inc now owns 5,507 shares of the company’s stock worth $103,000 after buying an additional 2,257 shares during the period. First Quadrant L P CA bought a new position in shares of PulteGroup during the second quarter worth about $109,000. Levin Capital Strategies L.P. bought a new position in shares of PulteGroup during the second quarter worth about $195,000. Advisory Services Network LLC raised its position in shares of PulteGroup by 5.4% in the third quarter. Advisory Services Network LLC now owns 9,811 shares of the company’s stock worth $197,000 after buying an additional 501 shares in the last quarter. Finally, Private Advisor Group LLC bought a new position in shares of PulteGroup during the second quarter worth about $201,000. 89.08% of the stock is currently owned by institutional investors and hedge funds.