PulteGroup (PHM) PT Set at $30.00 by Barclays

PulteGroup (NYSE:PHM) has been assigned a $30.00 price target by analysts at Barclays in a report released on Friday. The firm currently has a “hold” rating on the construction company’s stock. Barclays’ price objective suggests a potential upside of 11.03% from the company’s previous close.

A number of other research firms also recently commented on PHM. Zacks Investment Research raised shares of PulteGroup from a “hold” rating to a “strong-buy” rating and set a $32.00 target price on the stock in a research report on Monday, July 30th. ValuEngine downgraded shares of PulteGroup from a “buy” rating to a “hold” rating in a research report on Monday, June 4th. JMP Securities restated a “hold” rating on shares of PulteGroup in a report on Tuesday, July 31st. Susquehanna Bancshares set a $32.00 price target on shares of PulteGroup and gave the company a “hold” rating in a report on Friday, July 27th. Finally, Wedbush restated a “neutral” rating on shares of PulteGroup in a report on Monday, July 16th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $34.93.

NYSE PHM opened at $27.02 on Friday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.66. The stock has a market cap of $7.80 billion, a price-to-earnings ratio of 12.34, a price-to-earnings-growth ratio of 0.40 and a beta of 1.04. PulteGroup has a one year low of $25.49 and a one year high of $35.21.



PulteGroup (NYSE:PHM) last posted its earnings results on Thursday, July 26th. The construction company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.15. The business had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.38 billion. PulteGroup had a net margin of 7.92% and a return on equity of 19.95%. The company’s revenue for the quarter was up 27.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.47 EPS. equities research analysts expect that PulteGroup will post 3.51 EPS for the current year.

In other news, Director Brian P. Anderson sold 5,000 shares of the firm’s stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $28.96, for a total value of $144,800.00. Following the sale, the director now directly owns 101,235 shares in the company, valued at approximately $2,931,765.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.86% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in PHM. BTC Capital Management Inc. boosted its stake in PulteGroup by 1.6% in the 1st quarter. BTC Capital Management Inc. now owns 110,818 shares of the construction company’s stock worth $3,270,000 after purchasing an additional 1,781 shares in the last quarter. McKinley Carter Wealth Services Inc. boosted its stake in PulteGroup by 20.7% in the 1st quarter. McKinley Carter Wealth Services Inc. now owns 10,438 shares of the construction company’s stock worth $308,000 after purchasing an additional 1,789 shares in the last quarter. First Republic Investment Management Inc. boosted its stake in PulteGroup by 30.1% in the 1st quarter. First Republic Investment Management Inc. now owns 8,027 shares of the construction company’s stock worth $237,000 after purchasing an additional 1,859 shares in the last quarter. Mariner LLC boosted its stake in PulteGroup by 26.3% in the 1st quarter. Mariner LLC now owns 9,173 shares of the construction company’s stock worth $270,000 after purchasing an additional 1,911 shares in the last quarter. Finally, Great West Life Assurance Co. Can boosted its stake in PulteGroup by 0.3% in the 2nd quarter. Great West Life Assurance Co. Can now owns 722,907 shares of the construction company’s stock worth $20,825,000 after purchasing an additional 2,030 shares in the last quarter. Institutional investors and hedge funds own 87.12% of the company’s stock.

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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Analyst Recommendations for PulteGroup (NYSE:PHM)

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