PulteGroup, Inc. (NYSE:PHM) Stock Has Average Price Target of $140.12

by · The Cerbat Gem

PulteGroup, Inc. (NYSE:PHM – Get Free Report) has received a consensus rating of “Moderate Buy” from the twenty-two ratings firms that are currently covering the company, Marketbeat reports. Nine research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $139.17.

A number of research analysts recently commented on the stock. Weiss Ratings lowered shares of PulteGroup from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 2nd. Benchmark raised PulteGroup to a “strong-buy” rating in a report on Thursday, September 3rd. Wells Fargo & Company cut their target price on PulteGroup from $150.00 to $145.00 and set an “overweight” rating for the company in a research report on Friday, September 11th. Truist Financial cut their target price on PulteGroup from $145.00 to $136.00 and set a “buy” rating for the company in a research report on Wednesday, September 16th. Finally, UBS Group reaffirmed a “buy” rating and set a $166.00 price target on shares of PulteGroup in a research note on Thursday, July 23rd.

Check Out Our Latest Stock Analysis on PHM

PulteGroup Stock Performance

Shares of PHM opened at $112.06 on Tuesday. The firm has a 50-day moving average price of $123.24 and a 200 day moving average price of $122.93. The firm has a market capitalization of $21.01 billion, a PE ratio of 11.45, a P/E/G ratio of 1.55 and a beta of 1.16. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.14. PulteGroup has a 52-week low of $108.49 and a 52-week high of $144.49.

PulteGroup (NYSE:PHM – Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The construction company reported $2.48 EPS for the quarter, topping analysts’ consensus estimates of $2.36 by $0.12. The company had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.94 billion. PulteGroup had a net margin of 11.62% and a return on equity of 15.21%. PulteGroup’s revenue was down 9.6% on a year-over-year basis. During the same period in the previous year, the firm earned $3.03 EPS. On average, sell-side analysts anticipate that PulteGroup will post 10.08 earnings per share for the current fiscal year.

PulteGroup Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Tuesday, September 15th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Tuesday, September 15th. PulteGroup’s payout ratio is currently 10.62%.

Institutional Trading of PulteGroup

Institutional investors have recently modified their holdings of the company. Cedar Mountain Advisors LLC increased its stake in PulteGroup by 1,650.0% in the 1st quarter. Cedar Mountain Advisors LLC now owns 210 shares of the construction company’s stock worth $25,000 after purchasing an additional 198 shares in the last quarter. NFSG Corp purchased a new stake in PulteGroup during the first quarter valued at about $29,000. HHM Wealth Advisors LLC boosted its holdings in shares of PulteGroup by 158.5% in the first quarter. HHM Wealth Advisors LLC now owns 274 shares of the construction company’s stock worth $32,000 after buying an additional 168 shares during the period. Evelyn Partners Investment Management Services Ltd acquired a new position in shares of PulteGroup in the first quarter worth about $37,000. Finally, Mcdonald Partners LLC acquired a new position in shares of PulteGroup in the second quarter worth about $43,000. Institutional investors and hedge funds own 89.90% of the company’s stock.

PulteGroup Company Profile

(Get Free Report)

PulteGroup, Inc is a homebuilding company headquartered in Atlanta, Georgia. Founded in 1950 by William J. Pulte, the company develops, builds and sells homes for a range of buyers, including first-time, move-up and active-adult customers.

The company operates through several well-known brands, including Pulte Homes, Centex, Del Webb and DiVosta. Its offerings include single-family homes and related residential developments, with designs and communities tailored to different lifestyles, price points and stages of homeownership.

PulteGroup serves homebuyers across numerous markets in the United States.

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