PulteGroup Inc. (PHM) Research Coverage Started at Wells Fargo & Co.
A number of other equities analysts have also commented on PHM. Deutsche Bank AG reiterated a hold rating on shares of PulteGroup in a research note on Wednesday, June 8th. MKM Partners reiterated a hold rating on shares of PulteGroup in a research note on Wednesday, June 8th. Credit Suisse Group AG reiterated a sell rating on shares of PulteGroup in a research note on Tuesday, June 28th. TheStreet upgraded PulteGroup from a hold rating to a buy rating in a research note on Tuesday, June 28th. Finally, FBR & Co lifted their price objective on PulteGroup from $20.00 to $24.00 and gave the stock a market perform rating in a research note on Friday, July 22nd. Four analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of C$20.13.
Shares of PulteGroup (NYSE:PHM) opened at 20.04 on Wednesday. The company has a market cap of $6.89 billion, a P/E ratio of 13.19 and a beta of 1.50. PulteGroup has a one year low of $14.61 and a one year high of $22.40. The company has a 50 day moving average price of $20.57 and a 200 day moving average price of $19.55.
PulteGroup (NYSE:PHM) last posted its quarterly earnings data on Thursday, July 21st. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. The business had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.66 billion. PulteGroup had a return on equity of 11.24% and a net margin of 7.89%. The firm’s revenue for the quarter was up 40.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.28 earnings per share. Equities research analysts expect that PulteGroup will post $1.61 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 4th. Shareholders of record on Tuesday, September 20th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.80%. The ex-dividend date is Friday, September 16th. PulteGroup’s payout ratio is 23.68%.
In related news, VP James L. Ossowski sold 10,000 shares of the company’s stock in a transaction on Thursday, July 7th. The shares were sold at an average price of C$20.00, for a total value of C$200,000.00. Following the completion of the sale, the vice president now owns 51,880 shares in the company, valued at approximately C$1,037,600. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP James R. Ellinghausen sold 100,000 shares of the company’s stock in a transaction on Friday, July 8th. The shares were sold at an average price of C$20.25, for a total transaction of C$2,025,000.00. Following the completion of the sale, the vice president now owns 532,931 shares of the company’s stock, valued at approximately C$10,791,852.75. The disclosure for this sale can be found here. Company insiders own 1.83% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in PulteGroup during the second quarter worth approximately $248,000. Kentucky Retirement Systems purchased a new stake in PulteGroup during the second quarter worth approximately $522,000. Mason Street Advisors LLC purchased a new stake in PulteGroup during the second quarter worth approximately $827,000. IFP Advisors Inc boosted its stake in PulteGroup by 1.6% in the second quarter. IFP Advisors Inc now owns 5,597 shares of the company’s stock worth $109,000 after buying an additional 90 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in PulteGroup by 6.3% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 77,384 shares of the company’s stock worth $1,508,000 after buying an additional 4,587 shares in the last quarter. Institutional investors and hedge funds own 89.08% of the company’s stock.
PulteGroup Company Profile
PulteGroup, Inc is a homebuilder operating in the United States. The Company, through Pulte Mortgage LLC, is engaged in mortgage banking operations and title operations. The Company’s subsidiaries are also engaged in the homebuilding business. The Company operates through Homebuilding and Financial Services segments.
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