PulteGroup, Inc. (NYSE:PHM) Receives $141.14 Average Target Price from Analysts

Shares of PulteGroup, Inc. (NYSE:PHM) have earned an average rating of “Moderate Buy” from the sixteen research firms that are covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $141.14.

A number of equities research analysts have recently weighed in on PHM shares. JPMorgan Chase & Co. lifted their price objective on PulteGroup from $141.00 to $152.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Evercore ISI raised their price objective on PulteGroup from $183.00 to $189.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Wolfe Research downgraded shares of PulteGroup from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, August 14th. Raymond James increased their price objective on PulteGroup from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Finally, Royal Bank of Canada raised their target price on PulteGroup from $113.00 to $120.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 24th.

Insider Buying and Selling

In related news, CFO Robert Oshaughnessy sold 71,007 shares of PulteGroup stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $134.83, for a total transaction of $9,573,873.81. Following the completion of the transaction, the chief financial officer now directly owns 89,323 shares of the company’s stock, valued at approximately $12,043,420.09. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other PulteGroup news, CFO Robert Oshaughnessy sold 71,007 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $134.83, for a total value of $9,573,873.81. Following the completion of the sale, the chief financial officer now owns 89,323 shares of the company’s stock, valued at $12,043,420.09. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas J. Folliard sold 19,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $131.14, for a total value of $2,491,660.00. Following the transaction, the director now owns 45,230 shares of the company’s stock, valued at $5,931,462.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 119,000 shares of company stock worth $15,814,039 over the last three months. 0.83% of the stock is owned by insiders.

Institutional Trading of PulteGroup

Institutional investors and hedge funds have recently made changes to their positions in the business. Benjamin Edwards Inc. purchased a new position in PulteGroup in the 1st quarter worth about $26,000. WR Wealth Planners LLC increased its position in shares of PulteGroup by 54.7% during the second quarter. WR Wealth Planners LLC now owns 232 shares of the construction company’s stock worth $26,000 after acquiring an additional 82 shares during the period. LRI Investments LLC bought a new stake in shares of PulteGroup during the first quarter valued at approximately $28,000. Rothschild Investment LLC purchased a new stake in shares of PulteGroup in the second quarter valued at approximately $31,000. Finally, Candriam S.C.A. bought a new position in PulteGroup in the second quarter worth approximately $33,000. 89.90% of the stock is currently owned by institutional investors.

PulteGroup Stock Performance

Shares of PHM opened at $139.20 on Friday. The stock’s fifty day moving average price is $133.46 and its two-hundred day moving average price is $121.55. The firm has a market cap of $29.28 billion, a PE ratio of 11.14, a PEG ratio of 0.57 and a beta of 1.62. PulteGroup has a 1 year low of $68.80 and a 1 year high of $145.84. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.76 and a quick ratio of 0.76.

PulteGroup (NYSE:PHM) last released its quarterly earnings results on Tuesday, July 23rd. The construction company reported $3.83 earnings per share for the quarter, beating the consensus estimate of $3.27 by $0.56. PulteGroup had a return on equity of 25.67% and a net margin of 16.75%. The firm had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.49 billion. During the same quarter last year, the firm posted $3.00 EPS. The company’s revenue was up 9.8% compared to the same quarter last year. On average, equities research analysts forecast that PulteGroup will post 12.9 EPS for the current year.

PulteGroup Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Tuesday, September 17th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend was Tuesday, September 17th. PulteGroup’s dividend payout ratio is currently 6.41%.

PulteGroup Company Profile

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.