PulteGroup, Inc. (NYSE:PHM) Receives $140.86 Consensus PT from Analysts

PulteGroup, Inc. (NYSE:PHM) has received an average rating of “Moderate Buy” from the seventeen brokerages that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $140.86.

Several equities analysts have issued reports on PHM shares. Oppenheimer dropped their price objective on PulteGroup from $165.00 to $150.00 and set an “outperform” rating on the stock in a report on Friday, January 31st. JPMorgan Chase & Co. cut their price target on PulteGroup from $162.00 to $155.00 and set an “overweight” rating on the stock in a research report on Friday, December 13th. Wedbush reissued an “outperform” rating and issued a $135.00 price objective on shares of PulteGroup in a report on Friday, January 31st. StockNews.com cut shares of PulteGroup from a “buy” rating to a “hold” rating in a report on Wednesday, December 11th. Finally, BTIG Research upped their target price on shares of PulteGroup from $139.00 to $156.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd.

PulteGroup Trading Up 0.7 %

NYSE:PHM opened at $107.45 on Thursday. PulteGroup has a 1 year low of $100.24 and a 1 year high of $149.47. The stock has a market cap of $22.04 billion, a P/E ratio of 7.30, a P/E/G ratio of 0.29 and a beta of 1.68. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.73 and a current ratio of 0.86. The stock has a 50-day simple moving average of $112.63 and a 200-day simple moving average of $126.08.

PulteGroup (NYSE:PHM) last announced its quarterly earnings results on Thursday, January 30th. The construction company reported $3.50 EPS for the quarter, beating the consensus estimate of $3.28 by $0.22. PulteGroup had a net margin of 17.18% and a return on equity of 24.43%. As a group, analysts anticipate that PulteGroup will post 12.43 earnings per share for the current fiscal year.

PulteGroup declared that its Board of Directors has authorized a stock repurchase program on Thursday, January 30th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the construction company to repurchase up to 6.2% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

PulteGroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Tuesday, March 18th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Tuesday, March 18th. PulteGroup’s dividend payout ratio (DPR) is 5.98%.

Insider Buying and Selling at PulteGroup

In other PulteGroup news, VP Brien P. O’meara sold 3,500 shares of the company’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $106.40, for a total value of $372,400.00. Following the sale, the vice president now owns 11,372 shares of the company’s stock, valued at approximately $1,209,980.80. This represents a 23.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Todd N. Sheldon sold 15,191 shares of PulteGroup stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $106.50, for a total value of $1,617,841.50. Following the transaction, the executive vice president now directly owns 74,758 shares of the company’s stock, valued at $7,961,727. This trade represents a 16.89 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,191 shares of company stock valued at $2,256,367. Corporate insiders own 0.83% of the company’s stock.

Institutional Trading of PulteGroup

Large investors have recently modified their holdings of the business. Exchange Traded Concepts LLC lifted its stake in PulteGroup by 145.9% in the 3rd quarter. Exchange Traded Concepts LLC now owns 5,098 shares of the construction company’s stock valued at $732,000 after buying an additional 3,025 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of PulteGroup by 1,059.3% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 313 shares of the construction company’s stock worth $45,000 after acquiring an additional 286 shares during the last quarter. Grove Bank & Trust lifted its position in shares of PulteGroup by 18.4% in the third quarter. Grove Bank & Trust now owns 463 shares of the construction company’s stock valued at $66,000 after acquiring an additional 72 shares in the last quarter. Creative Planning lifted its position in shares of PulteGroup by 4.0% in the third quarter. Creative Planning now owns 23,639 shares of the construction company’s stock valued at $3,393,000 after acquiring an additional 901 shares in the last quarter. Finally, Swedbank AB boosted its stake in shares of PulteGroup by 1.1% during the third quarter. Swedbank AB now owns 574,274 shares of the construction company’s stock valued at $82,426,000 after acquiring an additional 6,319 shares during the last quarter. 89.90% of the stock is currently owned by institutional investors and hedge funds.

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.