2 days Ago By ABMN Staff
PulteGroup, Inc. ( NYSE:PHM – Get Free Report ) has received a consensus rating of “Moderate Buy” from the sixteen analysts that are covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company.
The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $145.00. Several research firms recently weighed in on PHM.
UBS Group boosted their price target on shares of PulteGroup from $148.00 to $154.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd.
Evercore ISI reduced their target price on PulteGroup from $198.00 to $195.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd.
Royal Bank of Canada lifted their price target on PulteGroup from $113.00 to $120.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 24th.
JPMorgan Chase & Co. upped their price objective on PulteGroup from $141.00 to $152.
00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Finally, Wedbush reiterated a “neutral” rating and set a $115.00 target price on shares of PulteGroup in a research note on Tuesday, October 22nd.
Get Our Latest Report on PulteGroup Insiders Place Their Bets Institutional Investors Weigh In On PulteGroup Institutional investors and hedge funds have recently made changes to their positions in the business. Swedbank AB bought a new position in shares of PulteGroup in the first quarter worth approximately $68,985,000. KBC Group NV grew its stake in PulteGroup by 1,020.
0% in the 3rd quarter. KBC Group NV now owns 435,925 shares of the construction company’s stock worth $62,568,000 after buying an additional 397,003 shares in the last quarter. Hsbc Holdings PLC increased its holdings in shares of PulteGroup by 19.
6% in the 2nd quarter. Hsbc Holdings PLC now owns 1,529,698 shares of the construction company’s stock worth $168,254,000 after buying an additional 250,937 shares during the last quarter. Pacer Advisors Inc.
raised its position in shares of PulteGroup by 8.6% during the 2nd quarter. Pacer Advisors Inc.
now owns 2,968,788 shares of the construction company’s stock valued at $326,864,000 after buying an additional 235,826 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of PulteGroup by 35.1% during the 3rd quarter.
Allspring Global Investments Holdings LLC now owns 861,487 shares of the construction company’s stock worth $123,649,000 after acquiring an additional 223,841 shares during the last quarter. Hedge funds and other institutional investors own 89.90% of the company’s stock.
PulteGroup Stock Performance Shares of PulteGroup stock opened at $132.70 on Tuesday. The company has a market cap of $27.
21 billion, a PE ratio of 9.79, a price-to-earnings-growth ratio of 0.53 and a beta of 1.
63. The company has a quick ratio of 0.73, a current ratio of 0.
73 and a debt-to-equity ratio of 0.14. PulteGroup has a 52 week low of $80.
60 and a 52 week high of $149.47. The business has a 50 day moving average price of $137.
27 and a 200-day moving average price of $124.69. PulteGroup ( NYSE:PHM – Get Free Report ) last issued its quarterly earnings data on Tuesday, October 22nd.
The construction company reported $3.35 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.
25. PulteGroup had a return on equity of 25.30% and a net margin of 16.
64%. The business had revenue of $4.48 billion for the quarter, compared to analysts’ expectations of $4.
27 billion. During the same period last year, the business earned $2.90 EPS.
The business’s revenue was up 11.8% on a year-over-year basis. Equities analysts anticipate that PulteGroup will post 12.
92 earnings per share for the current fiscal year. PulteGroup Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Tuesday, September 17th were issued a dividend of $0.
20 per share. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.
80 dividend on an annualized basis and a yield of 0.60%. PulteGroup’s payout ratio is 5.
90%. About PulteGroup ( Get Free Report 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, John Wieland Homes and Neighborhoods, and American West brand names. Further Reading Receive News & Ratings for PulteGroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PulteGroup and related companies with MarketBeat.com's FREE daily email newsletter .
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