Citigroup Inc. cut shares of PulteGroup, Inc. (NYSE:PHM) from a neutral rating to a sell rating in a research report released on Friday, October 20th, MarketBeat.com reports. The firm currently has $26.00 target price on the construction company’s stock.
A number of other research firms have also recently issued reports on PHM. Zacks Investment Research cut PulteGroup from a buy rating to a hold rating in a research note on Tuesday, October 3rd. BidaskClub upgraded PulteGroup from a buy rating to a strong-buy rating in a research note on Thursday, August 17th. Royal Bank Of Canada reiterated a buy rating and issued a $28.00 target price on shares of PulteGroup in a research note on Monday, September 25th. MKM Partners reiterated a neutral rating on shares of PulteGroup in a research note on Tuesday, September 5th. Finally, Barclays PLC cut shares of PulteGroup from an overweight rating to an equal weight rating and set a $24.00 price objective on the stock. in a research note on Tuesday, July 11th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $28.67.
Shares of PulteGroup (NYSE:PHM) opened at 30.07 on Friday. PulteGroup has a 1-year low of $17.69 and a 1-year high of $30.16. The stock has a 50 day moving average of $27.10 and a 200-day moving average of $24.85. The firm has a market cap of $9.07 billion, a price-to-earnings ratio of 16.64 and a beta of 1.06.
PulteGroup (NYSE:PHM) last released its quarterly earnings data on Tuesday, October 24th. The construction company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.01. The firm had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.30 billion. PulteGroup had a net margin of 7.77% and a return on equity of 14.38%. The firm’s revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.43 earnings per share. Equities analysts anticipate that PulteGroup will post $2.08 EPS for the current fiscal year.
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The business also recently declared a quarterly dividend, which was paid on Tuesday, October 3rd. Investors of record on Tuesday, September 19th were paid a $0.09 dividend. The ex-dividend date was Monday, September 18th. This represents a $0.36 dividend on an annualized basis and a yield of 1.20%. PulteGroup’s dividend payout ratio is currently 17.91%.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Flinton Capital Management LLC increased its stake in PulteGroup by 0.4% in the 2nd quarter. Flinton Capital Management LLC now owns 12,288 shares of the construction company’s stock worth $302,000 after purchasing an additional 48 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in PulteGroup by 3.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,086 shares of the construction company’s stock valued at $100,000 after acquiring an additional 148 shares in the last quarter. Riverhead Capital Management LLC grew its stake in PulteGroup by 1.2% during the 2nd quarter. Riverhead Capital Management LLC now owns 13,673 shares of the construction company’s stock valued at $336,000 after acquiring an additional 159 shares in the last quarter. McKinley Carter Wealth Services Inc. grew its stake in PulteGroup by 1.7% during the 2nd quarter. McKinley Carter Wealth Services Inc. now owns 10,417 shares of the construction company’s stock valued at $256,000 after acquiring an additional 172 shares in the last quarter. Finally, Dumont & Blake Investment Advisors LLC grew its stake in PulteGroup by 0.4% during the 2nd quarter. Dumont & Blake Investment Advisors LLC now owns 39,600 shares of the construction company’s stock valued at $971,000 after acquiring an additional 175 shares in the last quarter. 85.34% of the stock is currently owned by hedge funds and other institutional investors.
PulteGroup, Inc is a homebuilder in the United States. The Company’s segments include Homebuilding and Financial Services. Its Homebuilding operations are engaged in the acquisition and development of land primarily for residential purposes within the United States and the construction of housing on such land.
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