PulteGroup, Inc. (NYSE:PHM) Receives $144.14 Consensus Target Price from Analysts

Shares of PulteGroup, Inc. (NYSE:PHM) have received an average recommendation of “Moderate Buy” from the sixteen research firms that are presently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $144.14.

Several research analysts have weighed in on the stock. Wells Fargo & Company lowered their price objective on shares of PulteGroup from $165.00 to $140.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. Oppenheimer dropped their price target on shares of PulteGroup from $168.00 to $165.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. BTIG Research boosted their price objective on PulteGroup from $139.00 to $156.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Barclays decreased their price target on PulteGroup from $140.00 to $125.00 and set an “equal weight” rating for the company in a report on Thursday, January 16th. Finally, Evercore ISI lowered their price target on PulteGroup from $198.00 to $195.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd.

Institutional Investors Weigh In On PulteGroup

Several large investors have recently added to or reduced their stakes in PHM. Grove Bank & Trust grew its stake in PulteGroup by 18.4% in the 3rd quarter. Grove Bank & Trust now owns 463 shares of the construction company’s stock valued at $66,000 after buying an additional 72 shares in the last quarter. Cromwell Holdings LLC boosted its holdings in shares of PulteGroup by 17.2% in the third quarter. Cromwell Holdings LLC now owns 565 shares of the construction company’s stock worth $81,000 after acquiring an additional 83 shares during the period. Concord Wealth Partners grew its position in shares of PulteGroup by 1.7% in the third quarter. Concord Wealth Partners now owns 5,002 shares of the construction company’s stock valued at $718,000 after purchasing an additional 83 shares in the last quarter. Ashton Thomas Private Wealth LLC raised its stake in shares of PulteGroup by 3.0% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 3,054 shares of the construction company’s stock valued at $438,000 after purchasing an additional 88 shares during the period. Finally, Premier Path Wealth Partners LLC lifted its holdings in PulteGroup by 3.8% during the 4th quarter. Premier Path Wealth Partners LLC now owns 2,572 shares of the construction company’s stock worth $280,000 after purchasing an additional 95 shares in the last quarter. Hedge funds and other institutional investors own 89.90% of the company’s stock.

PulteGroup Stock Down 1.1 %

PHM stock opened at $115.76 on Friday. The stock’s 50 day simple moving average is $120.01 and its 200 day simple moving average is $127.25. The company has a market cap of $23.74 billion, a P/E ratio of 8.54, a price-to-earnings-growth ratio of 0.46 and a beta of 1.67. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.73 and a current ratio of 0.73. PulteGroup has a fifty-two week low of $100.24 and a fifty-two week high of $149.47.

PulteGroup (NYSE:PHM) last issued its earnings results on Tuesday, October 22nd. The construction company reported $3.35 earnings per share for the quarter, topping analysts’ consensus estimates of $3.10 by $0.25. PulteGroup had a return on equity of 25.30% and a net margin of 16.64%. The company had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.27 billion. During the same period in the prior year, the firm earned $2.90 earnings per share. PulteGroup’s revenue for the quarter was up 11.8% on a year-over-year basis. On average, research analysts expect that PulteGroup will post 12.96 earnings per share for the current fiscal year.

PulteGroup Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Tuesday, December 17th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.76%. This is a positive change from PulteGroup’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Tuesday, December 17th. PulteGroup’s dividend payout ratio is 6.49%.

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.