PulteGroup, Inc. (NYSE:PHM) announced a quarterly dividend on Thursday, December 6th, RTT News reports. Shareholders of record on Tuesday, December 18th will be paid a dividend of 0.11 per share by the construction company on Thursday, January 3rd. This represents a $0.44 annualized dividend and a yield of 1.65%. This is a boost from PulteGroup’s previous quarterly dividend of $0.09.
PulteGroup has raised its dividend by an average of 21.6% annually over the last three years. PulteGroup has a dividend payout ratio of 12.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect PulteGroup to earn $3.72 per share next year, which means the company should continue to be able to cover its $0.44 annual dividend with an expected future payout ratio of 11.8%.
Shares of PulteGroup stock opened at $26.65 on Friday. PulteGroup has a twelve month low of $20.64 and a twelve month high of $35.21. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $7.20 billion, a price-to-earnings ratio of 12.17, a price-to-earnings-growth ratio of 0.42 and a beta of 0.91.
PulteGroup (NYSE:PHM) last released its earnings results on Tuesday, October 23rd. The construction company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.95 by $0.06. PulteGroup had a net margin of 8.63% and a return on equity of 21.98%. The firm had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same period last year, the firm earned $0.60 EPS. The business’s quarterly revenue was up 24.3% compared to the same quarter last year. As a group, equities research analysts expect that PulteGroup will post 3.58 EPS for the current fiscal year.
Several equities analysts have commented on the stock. Citigroup decreased their target price on shares of PulteGroup from $32.00 to $26.00 and set a “hold” rating on the stock in a report on Wednesday, October 10th. Mizuho set a $28.00 target price on shares of PulteGroup and gave the company a “hold” rating in a report on Wednesday, October 24th. Barclays decreased their target price on shares of PulteGroup from $30.00 to $25.00 and set a “hold” rating on the stock in a report on Wednesday, October 24th. Bank of America lowered shares of PulteGroup from a “buy” rating to a “neutral” rating and set a $28.00 target price on the stock. in a report on Thursday, October 18th. Finally, Zacks Investment Research lowered shares of PulteGroup from a “hold” rating to a “sell” rating in a report on Tuesday, October 16th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $31.00.
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PulteGroup Company Profile
PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. The company is involved in the acquisition and development of land primarily for residential purposes; and the construction of housing on such land. It offers various home designs, including single-family detached, townhouses, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, and John Wieland Homes and Neighborhoods names.
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