PulteGroup (NYSE:PHM) Announces Earnings Results

PulteGroup (NYSE:PHM) issued its earnings results on Tuesday. The construction company reported $3.35 EPS for the quarter, topping the consensus estimate of $3.10 by $0.25, Briefing.com reports. The company had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.27 billion. PulteGroup had a return on equity of 25.30% and a net margin of 16.64%. The business’s revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the firm earned $2.90 EPS.

PulteGroup Price Performance

Shares of PHM opened at $135.84 on Friday. The firm has a market capitalization of $28.19 billion, a price-to-earnings ratio of 10.02, a price-to-earnings-growth ratio of 0.55 and a beta of 1.62. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 0.73. PulteGroup has a one year low of $70.21 and a one year high of $149.47. The stock’s fifty day moving average is $136.67 and its 200-day moving average is $122.95.

PulteGroup Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Tuesday, September 17th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend was Tuesday, September 17th. PulteGroup’s dividend payout ratio (DPR) is 5.90%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on PHM. Barclays upped their price target on PulteGroup from $131.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Wolfe Research lowered PulteGroup from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, August 14th. Wedbush reissued a “neutral” rating and set a $115.00 price target on shares of PulteGroup in a research report on Tuesday. BTIG Research upped their price target on PulteGroup from $139.00 to $156.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Raymond James upped their price target on PulteGroup from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, PulteGroup presently has a consensus rating of “Moderate Buy” and a consensus price target of $145.00.

Insider Activity

In other news, CFO Robert Oshaughnessy sold 28,993 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $129.29, for a total transaction of $3,748,504.97. Following the transaction, the chief financial officer now directly owns 160,330 shares of the company’s stock, valued at approximately $20,729,065.70. 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 accessible through the SEC website. In other news, CFO Robert Oshaughnessy sold 28,993 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $129.29, for a total transaction of $3,748,504.97. Following the transaction, the chief financial officer now directly owns 160,330 shares of the company’s stock, valued at approximately $20,729,065.70. 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 accessible through the SEC website. Also, Director Thomas J. Folliard sold 19,000 shares of the firm’s stock in a transaction 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 directly owns 45,230 shares in the company, valued at $5,931,462.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 119,000 shares of company stock valued at $15,814,039. Company insiders own 0.83% 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.