Shares of PulteGroup, Inc. (NYSE:PHM) have been given an average rating of “Buy” by the nineteen ratings firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $52.60.
Several research analysts have issued reports on PHM shares. Wolfe Research started coverage on PulteGroup in a report on Monday, March 22nd. They set a “peer perform” rating on the stock. BTIG Research raised PulteGroup from a “neutral” rating to a “buy” rating and set a $56.00 price objective on the stock in a report on Friday, January 29th. Bank of America downgraded PulteGroup from a “neutral” rating to an “underperform” rating in a report on Tuesday, January 5th. Wells Fargo & Company started coverage on PulteGroup in a report on Wednesday. They set an “equal weight” rating and a $55.00 price objective on the stock. Finally, Janney Montgomery Scott began coverage on PulteGroup in a report on Thursday, January 21st. They set a “buy” rating and a $61.00 price objective on the stock.
Shares of PHM traded up $0.02 on Thursday, hitting $53.18. The company’s stock had a trading volume of 2,657,942 shares, compared to its average volume of 3,041,606. The company has a market capitalization of $14.06 billion, a PE ratio of 11.10, a PEG ratio of 0.60 and a beta of 1.40. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.30 and a quick ratio of 1.31. PulteGroup has a fifty-two week low of $23.18 and a fifty-two week high of $54.71. The company has a 50 day moving average price of $50.91 and a 200 day moving average price of $46.27.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 1st. Investors of record on Friday, March 12th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date was Thursday, March 11th. PulteGroup’s dividend payout ratio is currently 16.05%.
In related news, VP John J. Chadwick sold 8,538 shares of the company’s stock in a transaction on Friday, February 19th. The shares were sold at an average price of $46.32, for a total value of $395,480.16. Following the completion of the sale, the vice president now owns 78,895 shares in the company, valued at approximately $3,654,416.40. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.60% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Command Bank bought a new position in PulteGroup during the 4th quarter worth about $34,000. DB Wealth Management Group LLC bought a new position in PulteGroup during the 4th quarter worth about $36,000. Alpha DNA Investment Management LLC bought a new position in PulteGroup during the 4th quarter worth about $53,000. Exchange Traded Concepts LLC bought a new position in PulteGroup during the 1st quarter worth about $93,000. Finally, Laffer Tengler Investments bought a new position in PulteGroup during the 4th quarter worth about $98,000. Institutional investors and hedge funds own 85.16% 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 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, American West, and John Wieland Homes and Neighborhoods brand names.
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