PulteGroup (NYSE:PHM) had its price target boosted by analysts at UBS Group from $38.00 to $41.00 in a research report issued to clients and investors on Wednesday, 99wallstreet.com reports. The brokerage currently has a “buy” rating on the construction company’s stock. UBS Group’s price objective would suggest a potential upside of 20.06% from the company’s current price.

PHM has been the topic of several other research reports. Zacks Investment Research downgraded PulteGroup from a “buy” rating to a “hold” rating in a report on Monday, October 30th. B. Riley downgraded PulteGroup from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $31.00 to $36.00 in a report on Wednesday, January 3rd. KeyCorp reiterated a “hold” rating on shares of PulteGroup in a report on Wednesday, November 1st. Buckingham Research downgraded PulteGroup from a “buy” rating to a “neutral” rating and set a $33.00 price objective on the stock. in a report on Tuesday, November 14th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $28.00 price objective on shares of PulteGroup in a report on Monday, September 25th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $32.15.

PulteGroup (PHM) opened at $34.15 on Wednesday. The company has a market capitalization of $10,040.00, a PE ratio of 16.74, a PEG ratio of 0.54 and a beta of 1.21. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.72. PulteGroup has a twelve month low of $18.87 and a twelve month high of $35.01.

PulteGroup (NYSE:PHM) last released its quarterly earnings data on Tuesday, October 24th. The construction company reported $0.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.01. The firm had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.30 billion. PulteGroup had a return on equity of 14.38% and a net margin of 7.77%. The company’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.43 earnings per share. research analysts expect that PulteGroup will post 2.2 EPS for the current year.

In other PulteGroup news, insider James R. Ellinghausen sold 136,912 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $29.70, for a total transaction of $4,066,286.40. Following the transaction, the insider now owns 294,369 shares in the company, valued at approximately $8,742,759.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Robert Oshaughnessy sold 92,800 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $33.89, for a total value of $3,144,992.00. Following the transaction, the chief financial officer now owns 363,722 shares in the company, valued at approximately $12,326,538.58. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 297,202 shares of company stock worth $9,394,580. 0.71% of the stock is owned by company insiders.

Several hedge funds have recently bought and sold shares of PHM. Tower Research Capital LLC TRC grew its holdings in shares of PulteGroup by 3.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,086 shares of the construction company’s stock worth $100,000 after acquiring an additional 148 shares during the period. Invictus RG grew its holdings in shares of PulteGroup by 1,473.4% during the 3rd quarter. Invictus RG now owns 4,264 shares of the construction company’s stock worth $117,000 after acquiring an additional 3,993 shares during the period. National Pension Service purchased a new position in shares of PulteGroup during the 4th quarter worth approximately $138,000. Fieldpoint Private Securities LLC purchased a new position in shares of PulteGroup during the 3rd quarter worth approximately $150,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of PulteGroup by 7.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,845 shares of the construction company’s stock worth $168,000 after acquiring an additional 465 shares during the period. Hedge funds and other institutional investors own 84.53% of the company’s stock.

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About PulteGroup

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.

Analyst Recommendations for PulteGroup (NYSE:PHM)

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