A number of firms have modified their ratings and price targets on shares of PulteGroup (NYSE: PHM) recently:

  • 7/31/2017 – PulteGroup was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/28/2017 – PulteGroup was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “PulteGroup's second-quarter adjusted earnings surpassed analysts’ expectation by 4.4%. Earnings also increased 27% from the year-ago figure. The company benefitted from higher demand, courtesy of positive U.S. housing market dynamics on an improving economy and job market. Also, high consumer confidence, low interest rates and limited supply of homes in the nation bode well. Total revenue however missed the Zacks Consensus Estimate by 5% but was up 12.3% year over year on increased number of homes delivered. Home closings rose across all operating regions of the company, except Northeast, Southeast and West in the quarter. Positive housing market outlook, prudent land investments, new value creation initiatives and solid cash position boost growth. However, home sales gross margin decreased 40 basis points year over year in the quarter. Rising costs pose a threat to margins as they limit pricing power.”
  • 7/26/2017 – PulteGroup was downgraded by analysts at UBS AG from a “positive” rating to a “neutral” rating.
  • 7/26/2017 – PulteGroup was downgraded by analysts at Susquehanna Bancshares Inc from a “positive” rating to a “neutral” rating. They now have a $26.00 price target on the stock.
  • 7/26/2017 – PulteGroup had its “outperform” rating reaffirmed by analysts at FBR & Co. They now have a $28.00 price target on the stock, up previously from $26.00.
  • 7/26/2017 – PulteGroup had its price target raised by analysts at Citigroup Inc. from $23.00 to $26.00. They now have a “neutral” rating on the stock.
  • 7/25/2017 – PulteGroup had its “neutral” rating reaffirmed by analysts at Wedbush. They now have a $22.00 price target on the stock.
  • 7/13/2017 – PulteGroup was upgraded by analysts at Wedbush from an “underperform” rating to a “neutral” rating. They now have a $22.00 price target on the stock, up previously from $15.00.
  • 7/13/2017 – PulteGroup was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 7/11/2017 – PulteGroup was downgraded by analysts at Barclays PLC from an “overweight” rating to an “equal weight” rating. They now have a $24.00 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 7/10/2017 – PulteGroup was downgraded by analysts at Mizuho from a “neutral” rating to an “underperform” rating. They now have a $22.00 price target on the stock.
  • 7/4/2017 – PulteGroup was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $27.00 price target on the stock. According to Zacks, “PulteGroup will continue to benefit from its value-creation strategy as it focuses on generating solid returns, with balanced approach across its portfolio and capital allocation plans. Prudent land investments, new value creation initiatives and solid cash position bode well. Continued favorable trends in the economy, job growth, demographics and consumer confidence can more than offset the impact of modestly higher rates, allowing the housing recovery to continue at a steady pace. Also, shares of PulteGroup outperformed the broader market so far this year. However, labor shortages and gross margin compression due to rising labor costs can keep the housing momentum in check.”
  • 6/27/2017 – PulteGroup was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Rising land and labor costs are a threat to PulteGroup’s margins as they limit pricing power. Labor shortages are leading to higher wages while land prices are rising due to limited availability. This is denting homebuilders’ margins. Home sales’ gross margin decreased 230 basis points year over year to 23.2% in the last reported quarter. Also, any further increase in mortgage rates can dent the housing momentum as high mortgage rates dilute the demand for new homes as mortgage loans become expensive. This may lower purchasing power of the buyer’s and hurts volumes, revenues and profits of homebuilders. That said, PulteGroup shares have outperformed the Zacks categorized Building-Residential/Commercial industry so far this year. The company’s value-creation strategy, prudent land investments and strategic initiatives may bode well for PulteGroup in the upcoming quarters.”
  • 6/27/2017 – PulteGroup had its “buy” rating reaffirmed by analysts at Bank of America Corporation. They now have a $30.00 price target on the stock, up previously from $29.00.
  • 6/22/2017 – PulteGroup is now covered by analysts at Credit Suisse Group. They set an “outperform” rating and a $27.00 price target on the stock.
  • 6/14/2017 – PulteGroup was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.

Shares of PulteGroup, Inc. (NYSE PHM) traded up 0.827% on Friday, hitting $24.985. 1,232,727 shares of the company traded hands. The stock has a market capitalization of $7.54 billion, a price-to-earnings ratio of 13.827 and a beta of 1.14. The firm’s 50 day moving average price is $24.59 and its 200-day moving average price is $23.22. PulteGroup, Inc. has a 1-year low of $17.69 and a 1-year high of $25.74. PulteGroup also saw unusually large options trading on Tuesday. Stock investors purchased 29,638 put options on the company. This represents an increase of 1,131% compared to the average daily volume of 2,408 put options.

PulteGroup (NYSE:PHM) last issued its quarterly earnings results on Tuesday, July 25th. The construction company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.02. The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.03 billion. PulteGroup had a return on equity of 13.43% and a net margin of 7.35%. PulteGroup’s revenue was up 12.3% on a year-over-year basis. During the same period last year, the company earned $0.37 earnings per share. On average, equities research analysts expect that PulteGroup, Inc. will post $2.09 earnings per share for the current year.

In related news, Director Brian P. Anderson sold 14,000 shares of the firm’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $23.18, for a total value of $324,520.00. Following the completion of the sale, the director now directly owns 108,744 shares in the company, valued at $2,520,685.92. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.71% of the stock is owned by company insiders.

PulteGroup, Inc is a homebuilder in the United States. The Company’s segments include Homebuilding and Financial Services. Its Homebuilding operations are engaged in the acquisition and development of land primarily for residential purposes within the United States and the construction of housing on such land.

Receive News & Ratings for PulteGroup Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PulteGroup Inc and related companies with MarketBeat.com's FREE daily email newsletter.