News coverage about PulteGroup (NYSE:PHM) has trended somewhat positive on Tuesday, according to Accern Sentiment. The research firm identifies positive and negative news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. PulteGroup earned a news sentiment score of 0.17 on Accern’s scale. Accern also gave news articles about the construction company an impact score of 46.4728859795483 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the media stories that may have impacted Accern Sentiment’s analysis:
PulteGroup (NYSE PHM) traded down $0.12 during trading hours on Tuesday, reaching $33.69. 3,353,098 shares of the company traded hands, compared to its average volume of 5,070,694. PulteGroup has a 1-year low of $18.18 and a 1-year high of $34.60. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.25 and a quick ratio of 0.25. The company has a market capitalization of $10,024.30, a price-to-earnings ratio of 16.63, a P/E/G ratio of 0.91 and a beta of 1.21.
PulteGroup (NYSE:PHM) last posted its quarterly earnings data on Tuesday, October 24th. The construction company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.59 by $0.01. PulteGroup had a net margin of 7.77% and a return on equity of 14.38%. The business had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.30 billion. During the same quarter in the previous year, the firm posted $0.43 earnings per share. PulteGroup’s quarterly revenue was up 9.6% on a year-over-year basis. analysts anticipate that PulteGroup will post 2.2 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Tuesday, December 12th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Monday, December 11th. This represents a $0.36 annualized dividend and a dividend yield of 1.07%. PulteGroup’s dividend payout ratio is presently 17.91%.
Several equities analysts recently issued reports on the stock. Buckingham Research cut shares of PulteGroup from a “buy” rating to a “neutral” rating and boosted their price target for the company from $31.00 to $33.00 in a research report on Sunday, November 26th. B. Riley reissued a “buy” rating on shares of PulteGroup in a research note on Wednesday, November 1st. KeyCorp reissued a “hold” rating on shares of PulteGroup in a research note on Wednesday, November 1st. Zacks Investment Research lowered shares of PulteGroup from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. Finally, Barclays set a $26.00 price objective on shares of PulteGroup and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $29.92.
In other news, insider James R. Ellinghausen sold 67,490 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $32.35, for a total value of $2,183,301.50. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider James R. Ellinghausen sold 136,912 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $29.70, for a total transaction of $4,066,286.40. Following the completion of the transaction, the insider now owns 294,369 shares in the company, valued at approximately $8,742,759.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 297,202 shares of company stock worth $9,394,580. Insiders own 0.71% of the company’s stock.
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PulteGroup Company Profile
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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