Analysts Set PulteGroup, Inc. (NYSE:PHM) Price Target at $143.14

Shares of PulteGroup, Inc. (NYSE:PHM) have been assigned a consensus rating of “Moderate Buy” from the seventeen research firms that are currently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $143.1429.

A number of brokerages have commented on PHM. Wells Fargo & Company upped their price target on PulteGroup from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Monday, July 6th. Oppenheimer reaffirmed an “outperform” rating on shares of PulteGroup in a research report on Tuesday, May 26th. Evercore reiterated an “outperform” rating and set a $162.00 price objective on shares of PulteGroup in a research note on Thursday, July 23rd. Citigroup reissued a “market outperform” rating on shares of PulteGroup in a report on Tuesday, August 18th. Finally, Barclays raised their target price on shares of PulteGroup from $123.00 to $124.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 23rd.

PulteGroup Stock Performance

NYSE:PHM opened at $129.00 on Monday. PulteGroup has a one year low of $108.49 and a one year high of $144.49. The business has a fifty day moving average price of $129.05 and a 200-day moving average price of $125.70. The firm has a market capitalization of $24.18 billion, a price-to-earnings ratio of 13.18, a price-to-earnings-growth ratio of 1.60 and a beta of 1.19. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.78 and a quick ratio of 0.78.

PulteGroup (NYSE:PHM) last released its earnings results on Wednesday, July 22nd. The construction company reported $2.48 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.12. PulteGroup had a return on equity of 15.21% and a net margin of 11.62%.The company had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.94 billion. During the same period in the previous year, the business earned $3.03 earnings per share. PulteGroup’s quarterly revenue was down 9.6% compared to the same quarter last year. Sell-side analysts forecast that PulteGroup will post 10.12 EPS for the current year.

Insider Activity at PulteGroup

In other news, COO Matthew William Koart sold 7,457 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $120.00, for a total transaction of $894,840.00. Following the sale, the chief operating officer directly owned 28,100 shares in the company, valued at $3,372,000. This trade represents a 20.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.75% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Cedar Mountain Advisors LLC lifted its position in shares of PulteGroup by 1,650.0% in the first quarter. Cedar Mountain Advisors LLC now owns 210 shares of the construction company’s stock valued at $25,000 after acquiring an additional 198 shares in the last quarter. NFSG Corp purchased a new stake in shares of PulteGroup during the first quarter worth about $29,000. Rachor Investment Advisory Services LLC bought a new stake in PulteGroup during the 4th quarter valued at approximately $31,000. DV Equities LLC purchased a new position in PulteGroup in the 4th quarter worth approximately $32,000. Finally, HHM Wealth Advisors LLC boosted its stake in PulteGroup by 158.5% in the 1st quarter. HHM Wealth Advisors LLC now owns 274 shares of the construction company’s stock worth $32,000 after purchasing an additional 168 shares during the period. Institutional investors own 89.90% of the company’s stock.

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.