2 weeks Ago By Defense World Staff
PulteGroup (NYSE:PHM – Free Report) had its target price cut by Barclays from $100.00 to $98.00 in a research report report published on Wednesday morning, Marketbeat Ratings reports.
They currently have an equal weight rating on the construction company’s stock.PHM has been the topic of a number of other reports. Wells Fargo & Company lowered their target price on shares of PulteGroup from $140.
00 to $120.00 and set an “overweight” rating on the stock in a report on Monday, April 14th. Citigroup cut their target price on shares of PulteGroup from $146.
00 to $119.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Seaport Res Ptn raised PulteGroup from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 6th.
The Goldman Sachs Group cut their price objective on PulteGroup from $140.00 to $124.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th.
Finally, Bank of America decreased their target price on PulteGroup from $135.00 to $134.00 and set a “buy” rating on the stock in a report on Monday, January 27th.
Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $134.69.
Check Out Our Latest Research Report on PulteGroupPulteGroup Stock Down 0.8 %PulteGroup stock opened at $101.98 on Wednesday.
The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.
13. PulteGroup has a 1-year low of $88.07 and a 1-year high of $149.
47. The company has a fifty day simple moving average of $101.37 and a 200 day simple moving average of $114.
98. The company has a market cap of $20.65 billion, a P/E ratio of 6.
93, a price-to-earnings-growth ratio of 0.29 and a beta of 1.44.
PulteGroup (NYSE:PHM – Get Free Report) last released its earnings results on Tuesday, April 22nd. The construction company reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.
47 by $0.10. PulteGroup had a return on equity of 24.
43% and a net margin of 17.18%. The business had revenue of $3.
89 billion for the quarter, compared to the consensus estimate of $3.86 billion. During the same quarter in the previous year, the business earned $3.
10 earnings per share. Research analysts anticipate that PulteGroup will post 12.32 earnings per share for the current fiscal year.
PulteGroup Announces DividendThe business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Tuesday, March 18th were issued a dividend of $0.22 per share.
This represents a $0.88 annualized dividend and a dividend yield of 0.86%.
The ex-dividend date was Tuesday, March 18th. PulteGroup’s dividend payout ratio (DPR) is currently 6.21%.
PulteGroup announced that its board has authorized a stock buyback program on Thursday, January 30th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the construction company to buy up to 6.
2% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued. Insiders Place Their BetsIn other PulteGroup news, EVP Todd N.
Sheldon sold 15,191 shares of PulteGroup stock in a transaction dated 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 owns 74,758 shares in the company, valued at $7,961,727. The trade was a 16.
89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Brian P.
Anderson sold 2,500 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $106.45, for a total transaction of $266,125.
00. Following the completion of the transaction, the director now directly owns 56,617 shares of the company’s stock, valued at $6,026,879.65.
This trade represents a 4.23 % decrease in their position. The disclosure for this sale can be found here.
Insiders have sold 21,191 shares of company stock worth $2,256,367 over the last ninety days. Corporate insiders own 0.76% of the company’s stock.
Hedge Funds Weigh In On PulteGroupA number of institutional investors have recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of PulteGroup during the fourth quarter worth $427,562,000. Amundi grew its holdings in shares of PulteGroup by 77.
9% during the fourth quarter. Amundi now owns 1,636,562 shares of the construction company’s stock worth $180,775,000 after purchasing an additional 716,716 shares during the last quarter. Franklin Resources Inc.
increased its stake in shares of PulteGroup by 6.1% in the fourth quarter. Franklin Resources Inc.
now owns 11,937,866 shares of the construction company’s stock valued at $1,300,034,000 after buying an additional 683,592 shares during the period. Man Group plc raised its holdings in PulteGroup by 136.8% in the 4th quarter.
Man Group plc now owns 988,963 shares of the construction company’s stock valued at $107,698,000 after buying an additional 571,251 shares during the last quarter. Finally, Voloridge Investment Management LLC bought a new stake in PulteGroup during the 4th quarter worth approximately $47,133,000. 89.
90% of the stock is currently owned by institutional investors and hedge funds. 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.Featured StoriesFive stocks we like better than PulteGroupThe Most Important Warren Buffett Stock for Investors: His OwnShort Sellers Gave Up on These 3 Names RecentlyAre These Liquid Natural Gas Stocks Ready For An Upside Bounce?3 Boring Stocks Outperforming the Market This YearHow to Calculate Return on Investment (ROI)If You Wanted To Buy AbbVie and Didn’t, There’s Still Time To Buy.
