PulteGroup, Inc. (NYSE:PHM - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $107.64, but opened at $110.49. PulteGroup shares last traded at $109.32, with a volume of 141,506 shares changing hands.
Analyst Ratings Changes
A number of research analysts recently issued reports on the company. Wedbush upgraded PulteGroup from a "neutral" rating to an "outperform" rating and set a $135.00 price target on the stock in a research note on Friday. BTIG Research lifted 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. StockNews.com cut shares of PulteGroup from a "buy" rating to a "hold" rating in a research note on Wednesday, December 11th. UBS Group raised their price objective on shares of PulteGroup from $148.00 to $154.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 23rd. Finally, Wells Fargo & Company decreased their target price on shares of PulteGroup from $165.00 to $140.00 and set an "overweight" rating for the company in a research note on Tuesday, December 17th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, PulteGroup has an average rating of "Moderate Buy" and an average price target of $144.14.
Get Our Latest Stock Analysis on PulteGroup
PulteGroup Stock Performance
The stock's fifty day simple moving average is $124.17 and its 200-day simple moving average is $126.77. The company has a market capitalization of $22.57 billion, a PE ratio of 8.12, a PEG ratio of 0.48 and a beta of 1.62. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.14.
PulteGroup (NYSE:PHM - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The construction company reported $3.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.25. The firm had revenue of $4.48 billion during the quarter, compared to analysts' expectations of $4.27 billion. PulteGroup had a return on equity of 25.30% and a net margin of 16.64%. PulteGroup's revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.90 earnings per share. On average, research analysts predict that PulteGroup, Inc. will post 12.94 earnings per share for the current fiscal year.
PulteGroup Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Tuesday, December 17th will be issued a dividend of $0.22 per share. This is an increase from PulteGroup's previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend is Tuesday, December 17th. PulteGroup's dividend payout ratio (DPR) is 6.49%.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of PHM. Grove Bank & Trust increased its position in PulteGroup by 18.4% during the third quarter. Grove Bank & Trust now owns 463 shares of the construction company's stock worth $66,000 after buying an additional 72 shares in the last quarter. Cromwell Holdings LLC raised its stake in PulteGroup by 17.2% in the 3rd quarter. Cromwell Holdings LLC now owns 565 shares of the construction company's stock valued at $81,000 after purchasing an additional 83 shares during the last quarter. Concord Wealth Partners lifted its holdings in PulteGroup by 1.7% in the 3rd quarter. Concord Wealth Partners now owns 5,002 shares of the construction company's stock valued at $718,000 after purchasing an additional 83 shares in the last quarter. Ashton Thomas Private Wealth LLC boosted its stake in shares of PulteGroup by 3.0% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 3,054 shares of the construction company's stock worth $438,000 after purchasing an additional 88 shares during the last quarter. Finally, Verdence Capital Advisors LLC grew its holdings in shares of PulteGroup by 2.8% during the third quarter. Verdence Capital Advisors LLC now owns 3,598 shares of the construction company's stock worth $516,000 after buying an additional 97 shares in the last quarter. 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.
Recommended Stories
Before you consider PulteGroup, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and PulteGroup wasn't on the list.
While PulteGroup currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
