PulteGroup (NYSE:PHM) PT Lowered to $131.00

PulteGroup (NYSE:PHMGet Free Report) had its price objective lowered by investment analysts at Barclays from $136.00 to $131.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the construction company’s stock. Barclays‘s price target indicates a potential upside of 12.61% from the company’s current price.

PHM has been the subject of a number of other reports. Zelman & Associates raised PulteGroup from a “neutral” rating to an “outperform” rating in a report on Wednesday, April 24th. Oppenheimer raised their price target on PulteGroup from $138.00 to $143.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Royal Bank of Canada upped their price objective 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. Raymond James reissued an “outperform” rating and set a $135.00 target price (up previously from $120.00) on shares of PulteGroup in a research note on Thursday, April 25th. Finally, StockNews.com raised shares of PulteGroup from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, PulteGroup presently has an average rating of “Moderate Buy” and a consensus target price of $111.86.

View Our Latest Report on PHM

PulteGroup Stock Performance

Shares of PHM opened at $116.33 on Friday. The firm has a fifty day moving average of $113.04 and a 200-day moving average of $110.04. The company has a market cap of $24.47 billion, a price-to-earnings ratio of 9.31, a price-to-earnings-growth ratio of 0.52 and a beta of 1.61. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.85 and a current ratio of 0.85. PulteGroup has a 1 year low of $68.80 and a 1 year high of $122.72.

PulteGroup (NYSE:PHMGet Free Report) last issued its quarterly earnings data on Tuesday, April 23rd. The construction company reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.51. PulteGroup had a net margin of 16.63% and a return on equity of 25.81%. The firm had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $3.59 billion. As a group, equities analysts anticipate that PulteGroup will post 12.64 earnings per share for the current year.

Institutional Trading of PulteGroup

Hedge funds have recently bought and sold shares of the company. Peak Financial Advisors LLC lifted its position in shares of PulteGroup by 0.9% in the 2nd quarter. Peak Financial Advisors LLC now owns 25,946 shares of the construction company’s stock valued at $2,857,000 after acquiring an additional 241 shares in the last quarter. Opal Wealth Advisors LLC purchased a new stake in shares of PulteGroup in the second quarter valued at $193,000. Carolina Wealth Advisors LLC boosted its position in shares of PulteGroup by 13.0% in the second quarter. Carolina Wealth Advisors LLC now owns 8,116 shares of the construction company’s stock worth $894,000 after buying an additional 934 shares during the period. CHICAGO TRUST Co NA acquired a new stake in shares of PulteGroup in the second quarter worth $202,000. Finally, OLD National Bancorp IN grew its holdings in shares of PulteGroup by 26.9% during the second quarter. OLD National Bancorp IN now owns 3,162 shares of the construction company’s stock valued at $348,000 after buying an additional 670 shares in the last quarter. 89.90% of the stock is owned by hedge funds and other institutional investors.

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.

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