PulteGroup, Inc. (NYSE:PHM) Given Consensus Rating of “Moderate Buy” by Brokerages

PulteGroup, Inc. (NYSE:PHM) has received a consensus rating of “Moderate Buy” from the seventeen brokerages that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $142.7143.

PHM has been the topic of several research reports. Citigroup upped their price objective on shares of PulteGroup from $128.00 to $136.00 and gave the company a “neutral” rating in a report on Tuesday, February 3rd. Royal Bank Of Canada boosted their target price on PulteGroup from $111.00 to $115.00 and gave the company a “sector perform” rating in a research report on Friday, January 30th. The Goldman Sachs Group upped their price target on PulteGroup from $144.00 to $150.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 17th. Citizens Jmp started coverage on PulteGroup in a report on Wednesday, January 7th. They issued a “market outperform” rating and a $145.00 price target on the stock. Finally, Evercore raised their price objective on PulteGroup from $134.00 to $143.00 in a research note on Friday, January 30th.

Insiders Place Their Bets

In other PulteGroup news, COO Matthew William Koart sold 15,309 shares of the business’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $135.79, for a total transaction of $2,078,809.11. Following the completion of the sale, the chief operating officer owned 42,418 shares in the company, valued at approximately $5,759,940.22. The trade was a 26.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Kevin A. Henry sold 5,173 shares of the company’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $141.03, for a total transaction of $729,548.19. Following the transaction, the executive vice president owned 14,673 shares in the company, valued at approximately $2,069,333.19. The trade was a 26.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 149,952 shares of company stock worth $20,162,165 in the last quarter. Insiders own 0.75% of the company’s stock.

Institutional Investors Weigh In On PulteGroup

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd acquired a new position in PulteGroup during the 4th quarter valued at about $525,000. MidFirst Bank purchased a new stake in shares of PulteGroup in the fourth quarter worth approximately $8,146,000. SG Trading Solutions LLC purchased a new stake in shares of PulteGroup in the fourth quarter worth approximately $202,000. Pacer Advisors Inc. lifted its holdings in shares of PulteGroup by 8.1% in the fourth quarter. Pacer Advisors Inc. now owns 735,921 shares of the construction company’s stock valued at $86,294,000 after purchasing an additional 55,206 shares in the last quarter. Finally, Kera Capital Partners Inc. lifted its holdings in shares of PulteGroup by 127.3% in the fourth quarter. Kera Capital Partners Inc. now owns 4,475 shares of the construction company’s stock valued at $560,000 after purchasing an additional 2,506 shares in the last quarter. Institutional investors and hedge funds own 89.90% of the company’s stock.

PulteGroup Stock Down 0.9%

Shares of NYSE PHM opened at $117.06 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.13. The firm has a market cap of $22.43 billion, a PE ratio of 10.53, a P/E/G ratio of 1.37 and a beta of 1.32. The company’s fifty day simple moving average is $129.49 and its 200 day simple moving average is $126.55. PulteGroup has a 12-month low of $88.07 and a 12-month high of $144.49.

PulteGroup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Tuesday, March 17th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Tuesday, March 17th. PulteGroup’s dividend payout ratio (DPR) is currently 9.35%.

PulteGroup Company Profile

PulteGroup, Inc (NYSE: PHM) is a U.S.-based residential homebuilder that designs, constructs and sells single-family homes and develops master-planned communities. The company operates multiple national and regional brands that target different buyer segments, including first-time buyers, move-up buyers and active-adult customers. Its operations encompass land acquisition and development, home design and construction, community amenities and ongoing customer service and warranty programs.

PulteGroup markets homes under several well-known brands, such as Pulte Homes, Centex and Del Webb, among others, offering a range of product types from entry-level detached homes to larger, higher-end residences and age-restricted active-adult communities.