Barclays set a $28.00 target price on PulteGroup (NYSE:PHM) in a report released on Thursday, March 28th, Stock Target Advisor reports. The brokerage currently has a hold rating on the construction company’s stock.
A number of other analysts have also recently commented on the stock. Royal Bank of Canada cut shares of PulteGroup from a sector perform rating to an underperform rating and set a $25.00 target price for the company. in a research note on Friday, January 11th. They noted that the move was a valuation call. BTIG Research cut shares of PulteGroup from a neutral rating to a sell rating and set a $23.00 target price for the company. in a research note on Thursday, January 17th. Buckingham Research initiated coverage on shares of PulteGroup in a research note on Friday, January 11th. They issued a neutral rating and a $30.00 target price for the company. They noted that the move was a valuation call. Zacks Investment Research cut shares of PulteGroup from a hold rating to a sell rating in a research note on Monday, December 31st. Finally, Raymond James cut shares of PulteGroup from an outperform rating to a market perform rating in a research note on Thursday, February 14th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $28.54.
Shares of PulteGroup stock traded up $0.35 on Thursday, reaching $30.39. The stock had a trading volume of 3,316,359 shares, compared to its average volume of 3,436,400. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.63. PulteGroup has a 1 year low of $20.64 and a 1 year high of $33.04. The company has a market cap of $8.43 billion, a P/E ratio of 8.47, a PEG ratio of 1.45 and a beta of 0.79.
The business also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Friday, March 15th were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.45%. The ex-dividend date was Thursday, March 14th. PulteGroup’s payout ratio is presently 12.26%.
In related news, insider Ryan Marshall sold 15,000 shares of the business’s stock in a transaction on Friday, February 22nd. The shares were sold at an average price of $27.81, for a total value of $417,150.00. Following the completion of the sale, the insider now owns 453,996 shares of the company’s stock, valued at approximately $12,625,628.76. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.49% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Burt Wealth Advisors purchased a new stake in shares of PulteGroup during the fourth quarter worth $26,000. CSat Investment Advisory L.P. grew its holdings in shares of PulteGroup by 34.2% during the fourth quarter. CSat Investment Advisory L.P. now owns 1,469 shares of the construction company’s stock worth $38,000 after buying an additional 374 shares in the last quarter. Lavaca Capital LLC purchased a new stake in shares of PulteGroup during the first quarter worth $66,000. Oregon Public Employees Retirement Fund grew its holdings in shares of PulteGroup by 5,826.1% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,773,921 shares of the construction company’s stock worth $68,000 after buying an additional 1,743,987 shares in the last quarter. Finally, Financial Gravity Companies Inc. purchased a new stake in shares of PulteGroup during the fourth quarter worth $71,000. 87.79% of the stock is owned by institutional investors.
PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. The company acquires and develops land primarily for residential purposes; and constructs 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 brand names.
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