1 week Ago By ABMN Staff
PulteGroup ( NYSE:PHM – Free Report ) had its target price lowered by Barclays from $117.00 to $100.00 in a research report sent to investors on Tuesday morning, Benzinga reports.
The firm currently has an equal weight rating on the construction company’s stock. Several other brokerages have also recently commented on PHM. Citigroup cut their price target on shares of PulteGroup from $146.
00 to $119.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. UBS Group upped their target price on PulteGroup from $148.
00 to $151.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Bank of America decreased their price target on PulteGroup from $135.
00 to $134.00 and set a “buy” rating for the company in a research note on Monday, January 27th. The Goldman Sachs Group lowered their price target on PulteGroup from $140.
00 to $124.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Finally, Wells Fargo & Company cut their price objective on PulteGroup from $165.
00 to $140.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock.
According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $139.64.
Read Our Latest Research Report on PHM PulteGroup Stock Performance PulteGroup ( NYSE:PHM – Get Free Report ) last released its quarterly earnings results on Thursday, January 30th. The construction company reported $3.50 earnings per share for the quarter, topping analysts’ consensus estimates of $3.
28 by $0.22. PulteGroup had a return on equity of 24.
43% and a net margin of 17.18%. Equities analysts predict that PulteGroup will post 12.
32 earnings per share for the current fiscal year. PulteGroup announced that its Board of Directors has initiated a stock buyback program on Thursday, January 30th that authorizes the company to buyback $1.50 billion in shares.
This buyback authorization authorizes the construction company to repurchase up to 6.2% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.
PulteGroup Announces Dividend The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Tuesday, March 18th were issued a $0.22 dividend.
The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.88 annualized dividend and a yield of 0.
96%. PulteGroup’s dividend payout ratio is currently 5.98%.
Insider Transactions at PulteGroup In other PulteGroup news, EVP Todd N. Sheldon sold 15,191 shares of PulteGroup stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $106.
50, for a total value of $1,617,841.50. Following the completion of the sale, the executive vice president now owns 74,758 shares in the company, valued at $7,961,727.
The trade was a 16.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website .
Also, Director Brian P. Anderson sold 2,500 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $106.
45, for a total transaction of $266,125.00. Following the transaction, the director now owns 56,617 shares in the company, valued at approximately $6,026,879.
65. The trade was a 4.23 % decrease in their position.
The disclosure for this sale can be found here . Insiders sold a total of 21,191 shares of company stock worth $2,256,367 over the last quarter. Company insiders own 0.
76% of the company’s stock. Institutional Investors Weigh In On PulteGroup Hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank bought a new position in PulteGroup during the 4th quarter worth $427,562,000.
Amundi increased its position in shares of PulteGroup by 77.9% in the fourth quarter. Amundi now owns 1,636,562 shares of the construction company’s stock worth $180,775,000 after purchasing an additional 716,716 shares during the period.
Franklin Resources Inc. raised its stake in PulteGroup by 6.1% in the fourth quarter.
Franklin Resources Inc. now owns 11,937,866 shares of the construction company’s stock valued at $1,300,034,000 after purchasing an additional 683,592 shares in the last quarter. Man Group plc lifted its position in PulteGroup by 136.
8% during the fourth quarter. Man Group plc now owns 988,963 shares of the construction company’s stock worth $107,698,000 after purchasing an additional 571,251 shares during the period. Finally, Voloridge Investment Management LLC acquired a new stake in PulteGroup during the fourth quarter worth about $47,133,000.
89.90% of the stock is currently owned by institutional investors and hedge funds. 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. See Also 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.
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