Shares of PulteGroup, Inc. (NYSE:PHM) have been assigned an average rating of “Hold” from the fifteen brokerages that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $31.91.
PHM has been the subject of several recent analyst reports. ValuEngine downgraded PulteGroup from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Royal Bank of Canada set a $33.00 price target on PulteGroup and gave the stock a “hold” rating in a report on Monday, August 26th. SunTrust Banks started coverage on PulteGroup in a report on Monday, August 12th. They issued a “buy” rating and a $38.00 price target for the company. Seaport Global Securities started coverage on PulteGroup in a report on Friday, August 23rd. They set a “buy” rating and a $44.00 target price for the company. Finally, JPMorgan Chase & Co. raised PulteGroup from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $30.00 to $37.50 in a report on Wednesday, September 11th.
Shares of NYSE PHM opened at $37.31 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.51 and a current ratio of 0.51. The company has a market cap of $10.12 billion, a PE ratio of 10.39, a P/E/G ratio of 1.46 and a beta of 0.65. The business has a 50-day simple moving average of $35.46 and a two-hundred day simple moving average of $32.53. PulteGroup has a fifty-two week low of $20.64 and a fifty-two week high of $37.44.
The company also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 18th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date was Tuesday, September 17th. PulteGroup’s dividend payout ratio (DPR) is 12.26%.
In related news, insider James L. Ossowski sold 5,000 shares of PulteGroup stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $34.00, for a total transaction of $170,000.00. Following the completion of the sale, the insider now owns 25,750 shares of the company’s stock, valued at $875,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.49% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in PHM. Moneta Group Investment Advisors LLC purchased a new position in PulteGroup during the second quarter valued at approximately $202,000. Ibex Wealth Advisors purchased a new position in PulteGroup during the second quarter valued at approximately $37,000. Pearl River Capital LLC purchased a new position in PulteGroup during the second quarter valued at approximately $38,000. Neo Ivy Capital Management purchased a new position in PulteGroup during the second quarter valued at approximately $39,000. Finally, Point72 Asset Management L.P. purchased a new position in PulteGroup during the second quarter valued at approximately $47,000. 86.50% of the stock is owned by hedge funds and other institutional investors.
PulteGroup Company Profile
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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