Shares of PulteGroup, Inc. (NYSE:PHM) have been given a consensus recommendation of “Hold” by the sixteen research firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $31.49.
Several analysts have commented on PHM shares. Seaport Global Securities started coverage on shares of PulteGroup in a research note on Friday, August 23rd. They issued a “buy” rating and a $44.00 price target on the stock. JPMorgan Chase & Co. upgraded shares of PulteGroup from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $30.00 to $37.50 in a research note on Wednesday, September 11th. SunTrust Banks started coverage on shares of PulteGroup in a research note on Monday, August 12th. They issued a “buy” rating and a $38.00 price target on the stock. Finally, Royal Bank of Canada set a $33.00 price target on shares of PulteGroup and gave the stock a “hold” rating in a research note on Monday, August 26th.
PHM stock traded up $0.05 during mid-day trading on Wednesday, hitting $35.73. The company had a trading volume of 88,674 shares, compared to its average volume of 3,186,305. The company has a market capitalization of $9.72 billion, a price-to-earnings ratio of 9.97, a P/E/G ratio of 1.40 and a beta of 0.67. PulteGroup has a 12-month low of $20.64 and a 12-month high of $35.75. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.54. The company has a 50-day moving average price of $33.24 and a 200 day moving average price of $31.36.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 18th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.23%. The ex-dividend date is Tuesday, September 17th. PulteGroup’s dividend payout ratio is 12.26%.
In related news, Director Brian P. Anderson sold 21,191 shares of the company’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $33.03, for a total transaction of $699,938.73. Following the transaction, the director now directly owns 80,065 shares in the company, valued at approximately $2,644,546.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Brian P. Anderson sold 18,766 shares of the company’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $32.28, for a total transaction of $605,766.48. Following the transaction, the director now owns 104,735 shares in the company, valued at $3,380,845.80. The disclosure for this sale can be found here. Insiders have sold a total of 44,957 shares of company stock worth $1,475,705 over the last 90 days. Corporate insiders own 0.49% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. Moneta Group Investment Advisors LLC bought a new position in PulteGroup in the 2nd quarter worth about $202,000. Ibex Wealth Advisors bought a new position in PulteGroup in the 2nd quarter worth about $37,000. Pearl River Capital LLC bought a new position in PulteGroup in the 2nd quarter worth about $38,000. Neo Ivy Capital Management bought a new position in PulteGroup in the 2nd quarter worth about $39,000. Finally, Point72 Asset Management L.P. bought a new position in PulteGroup in the 2nd quarter worth about $47,000. Institutional investors own 86.33% of the company’s stock.
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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