PulteGroup, Inc. (NYSE:PHM) – Wedbush boosted their Q2 2018 earnings per share (EPS) estimates for PulteGroup in a report released on Tuesday, according to Zacks Investment Research. Wedbush analyst J. Mccanless now anticipates that the construction company will earn $0.57 per share for the quarter, up from their previous forecast of $0.56. Wedbush currently has a “Neutral” rating and a $22.00 price objective on the stock. Wedbush also issued estimates for PulteGroup’s Q3 2018 earnings at $0.72 EPS and FY2018 earnings at $2.65 EPS.
PHM has been the subject of a number of other reports. Zacks Investment Research lowered PulteGroup from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. KeyCorp reiterated a “hold” rating on shares of PulteGroup in a research note on Wednesday, November 1st. MKM Partners reiterated a “neutral” rating on shares of PulteGroup in a research note on Tuesday, September 5th. Royal Bank Of Canada reiterated a “buy” rating and set a $28.00 price target on shares of PulteGroup in a research note on Monday, September 25th. Finally, Barclays PLC set a $26.00 price target on PulteGroup and gave the company a “hold” rating in a research note on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $28.67.
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PulteGroup (NYSE:PHM) opened at $31.15 on Thursday. PulteGroup has a 12-month low of $18.18 and a 12-month high of $31.36. The firm has a market capitalization of $9,157.10, a PE ratio of 15.20, a PEG ratio of 0.90 and a beta of 1.18. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.25 and a quick ratio of 0.25.
PulteGroup (NYSE:PHM) last posted its quarterly earnings data on Tuesday, October 24th. The construction company reported $0.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.01. PulteGroup had a return on equity of 14.38% and a net margin of 7.77%. The firm had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.30 billion. During the same period last year, the company posted $0.43 EPS. The business’s quarterly revenue was up 9.6% on a year-over-year basis.
In other PulteGroup news, insider James R. Ellinghausen sold 136,912 shares of the business’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $29.70, for a total transaction of $4,066,286.40. Following the sale, the insider now owns 294,369 shares of the company’s stock, valued at approximately $8,742,759.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.71% of the company’s stock.
A number of hedge funds have recently modified their holdings of PHM. Tower Research Capital LLC TRC raised its holdings 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 during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of PulteGroup by 7.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,845 shares of the construction company’s stock worth $168,000 after purchasing an additional 465 shares during the period. Koch Industries Inc. bought a new position in shares of PulteGroup in the second quarter worth $220,000. QCM Cayman Ltd. bought a new position in shares of PulteGroup in the second quarter worth $223,000. Finally, Timber Hill LLC bought a new position in shares of PulteGroup in the third quarter worth $226,000. 87.82% of the stock is currently owned by institutional investors and hedge funds.
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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