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

Shares of PulteGroup, Inc. (NYSE:PHM - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the seventeen ratings firms that are currently covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $139.64.

A number of research analysts have recently weighed in on PHM shares. Wedbush reissued an "outperform" rating and set a $135.00 target price on shares of PulteGroup in a research report on Friday, January 31st. Barclays reduced their price objective on PulteGroup from $117.00 to $100.00 and set an "equal weight" rating for the company in a report on Tuesday. StockNews.com lowered PulteGroup from a "buy" rating to a "hold" rating in a research note on Wednesday, December 11th. Oppenheimer decreased their price objective on PulteGroup from $165.00 to $150.00 and set an "outperform" rating for the company in a report on Friday, January 31st. Finally, UBS Group upped their price objective on shares of PulteGroup from $148.00 to $151.00 and gave the company a "buy" rating in a report on Friday, January 31st.

PulteGroup Stock Performance

Shares of PHM stock traded up $5.02 during trading on Friday, hitting $97.04. The company's stock had a trading volume of 3,324,397 shares, compared to its average volume of 1,982,256. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.13. The company has a market cap of $19.65 billion, a PE ratio of 6.60, a P/E/G ratio of 0.29 and a beta of 1.44. The business has a fifty day moving average of $104.03 and a 200-day moving average of $118.56. PulteGroup has a 52 week low of $88.07 and a 52 week high of $149.47.

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PulteGroup (NYSE:PHM - Get Free Report) last announced its earnings results on Thursday, January 30th. The construction company reported $3.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.28 by $0.22. PulteGroup had a return on equity of 24.43% and a net margin of 17.18%. As a group, research analysts anticipate that PulteGroup will post 12.32 earnings per share for the current year.

PulteGroup declared that its board has approved a share buyback plan on Thursday, January 30th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the construction company to buy up to 6.2% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

PulteGroup Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Tuesday, March 18th were issued a dividend of $0.22 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.91%. PulteGroup's dividend payout ratio (DPR) is 5.98%.

Insider Activity at PulteGroup

In other news, EVP Todd N. Sheldon sold 15,191 shares of the business's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $106.50, for a total transaction of $1,617,841.50. Following the sale, the executive vice president now owns 74,758 shares in the company, valued at approximately $7,961,727. The trade was a 16.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 owns 56,617 shares of the company's stock, valued at approximately $6,026,879.65. The trade was a 4.23 % decrease in their ownership of the stock. 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. 0.76% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Richardson Financial Services Inc. raised its position in shares of PulteGroup by 16.7% in the 4th quarter. Richardson Financial Services Inc. now owns 622 shares of the construction company's stock worth $68,000 after purchasing an additional 89 shares during the last quarter. Premier Path Wealth Partners LLC increased its stake in PulteGroup by 3.8% during the 4th quarter. Premier Path Wealth Partners LLC now owns 2,572 shares of the construction company's stock valued at $280,000 after purchasing an additional 95 shares in the last quarter. Meridian Wealth Management LLC raised its holdings in PulteGroup by 0.7% in the fourth quarter. Meridian Wealth Management LLC now owns 13,224 shares of the construction company's stock worth $1,440,000 after buying an additional 95 shares during the last quarter. Fidelis Capital Partners LLC lifted its stake in shares of PulteGroup by 2.4% in the fourth quarter. Fidelis Capital Partners LLC now owns 4,384 shares of the construction company's stock worth $479,000 after buying an additional 103 shares in the last quarter. Finally, TD Waterhouse Canada Inc. grew its holdings in shares of PulteGroup by 43.0% during the fourth quarter. TD Waterhouse Canada Inc. now owns 349 shares of the construction company's stock valued at $38,000 after buying an additional 105 shares during the last quarter. Hedge funds and other institutional investors own 89.90% of the company's stock.

PulteGroup Company Profile

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.