Shares of PulteGroup, Inc. (NYSE:PHM) have received an average rating of “Hold” from the fourteen brokerages that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $34.90.
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A number of research analysts recently weighed in on the stock. ValuEngine upgraded shares of PulteGroup from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Wells Fargo & Co raised their price target on shares of PulteGroup from $34.00 to $42.00 and gave the company a “market perform” rating in a report on Wednesday, October 23rd. SunTrust Banks initiated coverage on shares of PulteGroup in a report on Monday, August 12th. They issued a “buy” rating and a $38.00 price target for the company. Zacks Investment Research raised shares of PulteGroup from a “hold” rating to a “strong-buy” rating and set a $42.00 price target for the company in a report on Wednesday, October 23rd. Finally, Royal Bank of Canada set a $33.00 price target on shares of PulteGroup and gave the company a “hold” rating in a report on Monday, August 26th.
NYSE PHM traded up $0.13 during trading hours on Thursday, hitting $38.18. The company’s stock had a trading volume of 3,617,783 shares, compared to its average volume of 3,971,696. PulteGroup has a 52 week low of $23.21 and a 52 week high of $41.22. The company has a market capitalization of $10.37 billion, a PE ratio of 10.64, a price-to-earnings-growth ratio of 1.35 and a beta of 0.64. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.53. The company’s 50-day simple moving average is $37.74 and its two-hundred day simple moving average is $33.75.
PulteGroup (NYSE:PHM) last announced its quarterly earnings results on Tuesday, October 22nd. The construction company reported $1.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.09. PulteGroup had a net margin of 9.01% and a return on equity of 20.02%. The business had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.58 billion. During the same quarter last year, the firm earned $1.01 EPS. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. Research analysts anticipate that PulteGroup will post 3.53 EPS for the current fiscal year.
In other PulteGroup news, SVP James L. Ossowski sold 10,000 shares of the firm’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $39.95, for a total value of $399,500.00. Following the completion of the transaction, the senior vice president now directly owns 25,750 shares of the company’s stock, valued at approximately $1,028,712.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.49% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Moneta Group Investment Advisors LLC purchased a new stake in shares of PulteGroup in the second quarter worth $202,000. Ibex Wealth Advisors purchased a new stake in PulteGroup in the 2nd quarter worth $37,000. Pearl River Capital LLC purchased a new stake in PulteGroup in the 2nd quarter worth $38,000. Neo Ivy Capital Management purchased a new stake in PulteGroup in the 2nd quarter worth $39,000. Finally, Executive Wealth Management LLC increased its holdings in PulteGroup by 30.2% in the 3rd quarter. Executive Wealth Management LLC now owns 1,302 shares of the construction company’s stock worth $47,000 after acquiring an additional 302 shares in the last quarter. 87.66% of the stock is owned by institutional investors.
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.