Barclays Analysts Give PulteGroup (PHM) a $30.00 Price Target
Other equities research analysts have also issued research reports about the company. ValuEngine upgraded PulteGroup from a hold rating to a buy rating in a research report on Tuesday, May 29th. JMP Securities restated a hold rating on shares of PulteGroup in a research report on Tuesday, July 31st. Susquehanna Bancshares set a $32.00 price objective on PulteGroup and gave the stock a hold rating in a research report on Friday, July 27th. Citigroup upped their price objective on PulteGroup from $30.00 to $32.00 and gave the stock a hold rating in a research report on Monday, July 23rd. Finally, Wedbush restated a neutral rating on shares of PulteGroup in a research report on Monday, July 16th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. PulteGroup currently has an average rating of Hold and a consensus target price of $34.93.
PulteGroup stock traded up $0.18 during mid-day trading on Friday, hitting $27.02. The company had a trading volume of 3,869,769 shares, compared to its average volume of 3,419,924. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.66. PulteGroup has a 12-month low of $25.49 and a 12-month high of $35.21. The firm has a market cap of $7.80 billion, a PE ratio of 12.34, a P/E/G ratio of 0.40 and a beta of 1.04.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 3rd. Stockholders of record on Tuesday, September 18th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend is Monday, September 17th. PulteGroup’s payout ratio is 16.44%.
In other news, Director Brian P. Anderson sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $28.96, for a total transaction of $144,800.00. Following the completion of the transaction, the director now directly owns 101,235 shares of the company’s stock, valued at approximately $2,931,765.60. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.86% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Signaturefd LLC acquired a new position in shares of PulteGroup during the 1st quarter worth approximately $106,000. Twin Tree Management LP acquired a new position in shares of PulteGroup during the 1st quarter worth approximately $107,000. Flagship Harbor Advisors LLC acquired a new position in shares of PulteGroup during the 2nd quarter worth approximately $112,000. First Republic Investment Management Inc. raised its stake in shares of PulteGroup by 30.1% during the 1st quarter. First Republic Investment Management Inc. now owns 8,027 shares of the construction company’s stock worth $237,000 after buying an additional 1,859 shares during the period. Finally, Segall Bryant & Hamill LLC acquired a new position in shares of PulteGroup during the 2nd quarter worth approximately $232,000. 87.12% of the stock is owned by institutional investors and hedge funds.
PulteGroup Company Profile
PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. The company is involved in the acquisition and development of land primarily for residential purposes; and the construction of housing on such land. It offers various home designs, including single-family detached, townhouses, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, and John Wieland Homes and Neighborhoods names.
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