News headlines about PulteGroup (NYSE:PHM) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. PulteGroup earned a daily sentiment score of 0.14 on Accern’s scale. Accern also gave news stories about the construction company an impact score of 46.6052662609659 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- PulteGroup Inc’s (NYSE:PHM) Earnings Dropped -25.98%, How Did It Fare Against The Industry? (finance.yahoo.com)
- Portfolio of higher return Stock: PulteGroup, Inc. (PHM) – Wallstreet Investorplace (wallstreetinvestorplace.com)
- PulteGroup, Inc. (PHM) – Momentum Stock in Focus – Wall Street Morning (wallstreetmorning.com)
- PulteGroup, Inc. (PHM) projected to achieve 14.60% earnings growth for this year – Wallstreet Investorplace (wallstreetinvestorplace.com)
- PulteGroup Announces Passing of Company Founder William “Bill” Pulte – GlobeNewswire (press release) (globenewswire.com)
PulteGroup (PHM) traded down $0.89 on Wednesday, hitting $29.55. 7,381,783 shares of the company’s stock were exchanged, compared to its average volume of 5,173,258. The company has a market capitalization of $8,645.51, a price-to-earnings ratio of 20.68, a P/E/G ratio of 0.47 and a beta of 1.12. PulteGroup has a fifty-two week low of $21.41 and a fifty-two week high of $35.21.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Friday, March 16th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.22%. The ex-dividend date is Thursday, March 15th. PulteGroup’s payout ratio is 25.00%.
PulteGroup declared that its Board of Directors has initiated a stock buyback program on Tuesday, January 30th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the construction company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.
PHM has been the topic of a number of analyst reports. Mizuho upgraded shares of PulteGroup from a “neutral” rating to a “buy” rating in a report on Thursday, January 18th. UBS Group increased their target price on shares of PulteGroup from $38.00 to $41.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. Credit Suisse Group upgraded shares of PulteGroup to a “buy” rating and set a $38.00 target price on the stock in a research note on Wednesday, January 31st. Royal Bank of Canada set a $39.00 target price on shares of PulteGroup and gave the stock a “buy” rating in a research note on Wednesday, February 14th. Finally, Zacks Investment Research cut shares of PulteGroup from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. PulteGroup has an average rating of “Buy” and an average price target of $32.85.
In other PulteGroup news, Director Patrick J. Oleary sold 8,677 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $30.03, for a total transaction of $260,570.31. Following the transaction, the director now directly owns 90,687 shares in the company, valued at approximately $2,723,330.61. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.71% of the stock is owned by corporate insiders.
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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