PulteGroup, Inc. (NYSE:PHM) Given Consensus Recommendation of “Hold” by Brokerages
Shares of PulteGroup, Inc. (NYSE:PHM) have received a consensus rating of “Hold” from the seventeen analysts that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $28.53.
A number of analysts have recently commented on the company. Zacks Investment Research raised PulteGroup from a “sell” rating to a “buy” rating and set a $35.00 price target for the company in a research note on Thursday, April 25th. BTIG Research raised PulteGroup from a “sell” rating to a “neutral” rating and set a $31.35 price target for the company in a research note on Wednesday, April 24th. Buckingham Research upped their price target on PulteGroup from $28.00 to $31.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. JPMorgan Chase & Co. raised PulteGroup from an “underweight” rating to a “neutral” rating and upped their price target for the company from $24.00 to $25.50 in a research note on Wednesday, April 10th. Finally, Barclays set a $28.00 target price on PulteGroup and gave the stock a “hold” rating in a research note on Thursday, March 28th.
Shares of PHM stock traded down $0.21 on Monday, reaching $32.64. The company had a trading volume of 64,420 shares, compared to its average volume of 2,855,381. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $9.02 billion, a PE ratio of 9.07, a PEG ratio of 1.43 and a beta of 0.79. The stock’s 50-day simple moving average is $31.87. PulteGroup has a 12 month low of $20.64 and a 12 month high of $33.09.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Friday, June 14th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.44 dividend on an annualized basis and a yield of 1.35%. PulteGroup’s payout ratio is 12.26%.
In other PulteGroup news, CFO Robert Oshaughnessy sold 95,738 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $31.42, for a total transaction of $3,008,087.96. Following the completion of the transaction, the chief financial officer now owns 334,213 shares of the company’s stock, valued at approximately $10,500,972.46. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Michelle H. Hairston sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $31.25, for a total value of $312,500.00. Following the transaction, the insider now directly owns 62,933 shares of the company’s stock, valued at approximately $1,966,656.25. The disclosure for this sale can be found here. Over the last three months, insiders have sold 157,846 shares of company stock valued at $4,959,732. 0.49% of the stock is owned by company insiders.
A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc boosted its position in PulteGroup by 8.5% during the 3rd quarter. Vanguard Group Inc now owns 30,373,220 shares of the construction company’s stock worth $752,345,000 after acquiring an additional 2,378,937 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of PulteGroup by 3.5% in the 1st quarter. BlackRock Inc. now owns 20,802,851 shares of the construction company’s stock valued at $581,647,000 after buying an additional 695,085 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of PulteGroup by 5.3% in the 4th quarter. Bank of New York Mellon Corp now owns 9,212,408 shares of the construction company’s stock valued at $239,431,000 after buying an additional 462,613 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of PulteGroup by 4.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 8,530,759 shares of the construction company’s stock valued at $221,724,000 after buying an additional 361,635 shares during the last quarter. Finally, LSV Asset Management boosted its holdings in shares of PulteGroup by 2.5% in the 4th quarter. LSV Asset Management now owns 8,321,696 shares of the construction company’s stock valued at $216,280,000 after buying an additional 199,009 shares during the last quarter. 84.74% of the stock is owned by hedge funds and other institutional investors.
PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. The company acquires and develops land primarily for residential purposes; and constructs 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 brand names.
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