PulteGroup, Inc. (NYSE:PHM) Receives $144.14 Consensus PT from Brokerages

PulteGroup, Inc. (NYSE:PHM) has earned an average recommendation of “Moderate Buy” from the sixteen analysts that are covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $144.14.

A number of equities analysts have weighed in on the company. BTIG Research upped their target price on PulteGroup from $139.00 to $156.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Wells Fargo & Company decreased their price objective on shares of PulteGroup from $165.00 to $140.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. Barclays dropped their target price on shares of PulteGroup from $140.00 to $125.00 and set an “equal weight” rating for the company in a research report on Thursday, January 16th. The Goldman Sachs Group cut their price target on shares of PulteGroup from $140.00 to $124.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Finally, Citigroup dropped their price objective on shares of PulteGroup from $146.00 to $119.00 and set a “neutral” rating for the company in a report on Monday, January 6th.

PulteGroup Stock Performance

PulteGroup stock opened at $115.76 on Friday. The firm’s 50 day simple moving average is $120.01 and its 200 day simple moving average is $127.25. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.14. PulteGroup has a 1-year low of $100.24 and a 1-year high of $149.47. The firm has a market capitalization of $23.74 billion, a PE ratio of 8.54, a price-to-earnings-growth ratio of 0.46 and a beta of 1.67.

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

PulteGroup Increases Dividend

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

Institutional Trading of PulteGroup

Several hedge funds and other institutional investors have recently bought and sold shares of PHM. Fortitude Family Office LLC grew its holdings in shares of PulteGroup by 115.1% in the third quarter. Fortitude Family Office LLC now owns 185 shares of the construction company’s stock worth $27,000 after purchasing an additional 99 shares during the last quarter. Transcendent Capital Group LLC bought a new stake in PulteGroup in the 3rd quarter worth $29,000. JNBA Financial Advisors purchased a new position in shares of PulteGroup in the third quarter valued at about $43,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of PulteGroup by 1,059.3% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 313 shares of the construction company’s stock valued at $45,000 after acquiring an additional 286 shares during the last quarter. Finally, Grove Bank & Trust boosted its holdings in shares of PulteGroup by 18.4% during the third quarter. Grove Bank & Trust now owns 463 shares of the construction company’s stock worth $66,000 after purchasing an additional 72 shares during the period. 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.