PulteGroup, Inc. (NYSE:PHM) Receives Average Recommendation of “Moderate Buy” from Analysts

PulteGroup, Inc. (NYSE:PHM) has been assigned a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $112.21.

PHM has been the subject of a number of recent research reports. Oppenheimer boosted their price target on shares of PulteGroup from $138.00 to $143.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Royal Bank of Canada upped their target price on shares of PulteGroup from $106.00 to $113.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 24th. Barclays lifted their price target on PulteGroup from $126.00 to $136.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Citigroup lowered their price objective on PulteGroup from $129.00 to $117.00 and set a “neutral” rating for the company in a research note on Tuesday. Finally, Jefferies Financial Group lifted their target price on PulteGroup from $126.00 to $131.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th.

PulteGroup Trading Down 1.6 %

PHM opened at $104.52 on Wednesday. The company has a fifty day moving average price of $113.93 and a two-hundred day moving average price of $109.81. PulteGroup has a 1-year low of $68.80 and a 1-year high of $122.72. The company has a market cap of $21.98 billion, a P/E ratio of 8.37, a price-to-earnings-growth ratio of 0.49 and a beta of 1.61. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.18.

PulteGroup (NYSE:PHM) last issued its earnings results on Tuesday, April 23rd. The construction company reported $2.87 EPS for the quarter, beating analysts’ consensus estimates of $2.36 by $0.51. PulteGroup had a return on equity of 25.81% and a net margin of 16.63%. The business had revenue of $3.95 billion during the quarter, compared to analyst estimates of $3.59 billion. Analysts predict that PulteGroup will post 12.64 EPS for the current fiscal year.

PulteGroup Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 2nd. Stockholders of record on Tuesday, June 18th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.77%. The ex-dividend date was Tuesday, June 18th. PulteGroup’s dividend payout ratio (DPR) is presently 6.41%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of PulteGroup in the first quarter worth approximately $26,000. Benjamin Edwards Inc. bought a new stake in shares of PulteGroup during the 1st quarter worth $26,000. LRI Investments LLC bought a new position in PulteGroup in the first quarter valued at $28,000. Rakuten Securities Inc. purchased a new stake in PulteGroup during the fourth quarter valued at about $37,000. Finally, Lindbrook Capital LLC lifted its stake in PulteGroup by 335.6% during the fourth quarter. Lindbrook Capital LLC now owns 379 shares of the construction company’s stock worth $39,000 after purchasing an additional 292 shares during the last quarter. Institutional investors own 89.90% of the company’s stock.

About PulteGroup

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.