PulteGroup (NYSE:PHM) Getting Somewhat Positive Media Coverage, Analysis Finds

Headlines about PulteGroup (NYSE:PHM) have been trending somewhat positive on Thursday, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. 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 0.14 on Accern’s scale. Accern also gave news articles about the construction company an impact score of 46.6052662609659 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the news stories that may have effected Accern Sentiment’s scoring:

PHM has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of PulteGroup from a “sell” rating to a “hold” rating and set a $40.00 price target on the stock in a report on Thursday, January 4th. Mizuho upgraded shares of PulteGroup from a “neutral” rating to a “buy” rating in a report on Thursday, January 18th. ValuEngine raised shares of PulteGroup from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Wedbush lifted their target price on shares of PulteGroup from $27.00 to $35.00 and gave the stock a “neutral” rating in a research note on Friday, December 29th. Finally, Buckingham Research downgraded shares of PulteGroup from a “buy” rating to a “neutral” rating and lifted their price target for the company from $31.00 to $33.00 in a research note on Sunday, November 26th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. PulteGroup presently has a consensus rating of “Buy” and an average price target of $33.92.

Shares of PulteGroup stock traded down $0.02 during mid-day trading on Thursday, hitting $29.37. 580,730 shares of the company were exchanged, compared to its average volume of 4,968,395. The stock has a market cap of $8,287.43, a PE ratio of 12.97, a P/E/G ratio of 0.45 and a beta of 1.12. PulteGroup has a 12 month low of $21.41 and a 12 month high of $35.21.

PulteGroup (NYSE:PHM) last posted its earnings results on Tuesday, January 30th. The construction company reported $0.85 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.85. The business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. PulteGroup had a net margin of 5.22% and a return on equity of 15.52%. PulteGroup’s revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.67 EPS. equities research analysts forecast that PulteGroup will post 3.11 EPS for the current fiscal year.

PulteGroup declared that its Board of Directors has approved a share buyback program on Tuesday, January 30th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the construction company to buy shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 3rd. Stockholders of record on Friday, March 16th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Thursday, March 15th. PulteGroup’s payout ratio is 25.00%.

In other news, Director Patrick J. Oleary sold 8,677 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $30.03, for a total value of $260,570.31. Following the transaction, the director now owns 90,687 shares of the company’s stock, valued at approximately $2,723,330.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.71% of the stock is owned by corporate insiders.

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About PulteGroup

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.

Insider Buying and Selling by Quarter for PulteGroup (NYSE:PHM)

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