PulteGroup, Inc. (NYSE:PHM) Receives $133.14 Average Price Target from Analysts

21 Sep 2024, 07:17 by Sarita Garza · The Markets Daily

PulteGroup, Inc. (NYSE:PHM – Get Free Report) has been given a consensus rating of “Moderate Buy” by the sixteen brokerages that are covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $134.71.

PHM has been the subject of a number of recent analyst reports. Royal Bank of Canada boosted their target price on PulteGroup from $113.00 to $120.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 24th. Oppenheimer lifted their price target on shares of PulteGroup from $143.00 to $151.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. Evercore ISI increased their price objective on shares of PulteGroup from $183.00 to $189.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Raymond James upped their price target on shares of PulteGroup from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Finally, Bank of America increased their target price on shares of PulteGroup from $138.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday.

Check Out Our Latest Stock Report on PulteGroup

Insider Buying and Selling

In other PulteGroup news, Director Thomas J. Folliard sold 19,000 shares of the stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $131.14, for a total value of $2,491,660.00. Following the completion of the sale, the director now directly owns 45,230 shares in the company, valued at $5,931,462.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Thomas J. Folliard sold 19,000 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $131.14, for a total value of $2,491,660.00. Following the completion of the transaction, the director now directly owns 45,230 shares in the company, valued at $5,931,462.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Robert Oshaughnessy sold 71,007 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $134.83, for a total value of $9,573,873.81. Following the completion of the transaction, the chief financial officer now owns 89,323 shares of the company’s stock, valued at $12,043,420.09. The disclosure for this sale can be found here. Insiders sold 119,000 shares of company stock worth $15,814,039 in the last three months. 0.83% of the stock is owned by insiders.

Institutional Trading of PulteGroup

Several institutional investors have recently bought and sold shares of PHM. Blair William & Co. IL lifted its position in PulteGroup by 1.9% during the first quarter. Blair William & Co. IL now owns 27,269 shares of the construction company’s stock worth $3,289,000 after buying an additional 516 shares in the last quarter. Banque Cantonale Vaudoise lifted its holdings in PulteGroup by 166.6% during the 1st quarter. Banque Cantonale Vaudoise now owns 13,146 shares of the construction company’s stock worth $1,586,000 after buying an additional 8,215 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in PulteGroup by 6.2% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 297,544 shares of the construction company’s stock worth $35,890,000 after buying an additional 17,369 shares during the last quarter. Personal CFO Solutions LLC purchased a new stake in PulteGroup during the 4th quarter worth about $719,000. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of PulteGroup by 4.9% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 621,064 shares of the construction company’s stock valued at $74,913,000 after purchasing an additional 28,774 shares during the last quarter. 89.90% of the stock is owned by institutional investors and hedge funds.

PulteGroup Trading Down 2.2 %

Shares of NYSE PHM opened at $141.86 on Monday. PulteGroup has a 1 year low of $68.80 and a 1 year high of $145.84. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.76 and a quick ratio of 0.76. The firm has a 50-day moving average of $128.95 and a 200 day moving average of $118.50. The stock has a market cap of $29.44 billion, a P/E ratio of 11.36, a price-to-earnings-growth ratio of 0.57 and a beta of 1.62.

PulteGroup (NYSE:PHM – Get Free Report) last issued its earnings results on Tuesday, July 23rd. The construction company reported $3.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.27 by $0.56. The business had revenue of $4.60 billion during the quarter, compared to analysts’ expectations of $4.49 billion. PulteGroup had a net margin of 16.75% and a return on equity of 25.67%. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the previous year, the company earned $3.00 earnings per share. As a group, sell-side analysts expect that PulteGroup will post 12.9 EPS for the current fiscal year.

PulteGroup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Tuesday, September 17th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.56%. PulteGroup’s dividend payout ratio is presently 6.41%.

PulteGroup Company Profile

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