PulteGroup, Inc. (NYSE:PHM) was downgraded by stock analysts at Susquehanna Bancshares Inc from a “positive” rating to a “neutral” rating in a research note issued on Wednesday, July 26th, MarketBeat.com reports. They currently have a $26.00 price objective on the construction company’s stock. Susquehanna Bancshares Inc’s price target would suggest a potential upside of 2.73% from the stock’s current price.
A number of other analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of PulteGroup from a “buy” rating to a “hold” rating in a research note on Monday, April 24th. Bank of America Corporation reaffirmed a “buy” rating and issued a $30.00 target price (up previously from $29.00) on shares of PulteGroup in a report on Tuesday, June 27th. Credit Suisse Group began coverage on shares of PulteGroup in a report on Thursday, June 22nd. They issued an “outperform” rating and a $27.00 target price on the stock. Mizuho lowered shares of PulteGroup from a “neutral” rating to an “underperform” rating and set a $22.00 target price on the stock. in a report on Monday, July 10th. Finally, BidaskClub raised shares of PulteGroup from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 14th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $25.08.
PulteGroup (NYSE:PHM) traded down 0.59% during trading on Wednesday, reaching $25.31. 3,860,065 shares of the company’s stock were exchanged. PulteGroup has a 52 week low of $17.69 and a 52 week high of $25.72. The company’s 50 day moving average price is $24.47 and its 200-day moving average price is $23.05. The stock has a market capitalization of $7.64 billion, a price-to-earnings ratio of 14.01 and a beta of 1.14.
PulteGroup (NYSE:PHM) last posted its earnings results on Tuesday, July 25th. The construction company reported $0.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.02. The firm had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2.03 billion. PulteGroup had a net margin of 7.35% and a return on equity of 13.43%. The company’s revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.37 earnings per share. On average, equities analysts expect that PulteGroup will post $2.09 EPS for the current year.
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In related news, Director Brian P. Anderson sold 14,000 shares of the firm’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $23.18, for a total value of $324,520.00. Following the completion of the transaction, the director now directly owns 108,744 shares of the company’s stock, valued at $2,520,685.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.71% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the stock. Trust Department MB Financial Bank N A bought a new stake in shares of PulteGroup during the first quarter valued at approximately $129,000. IFP Advisors Inc boosted its position in shares of PulteGroup by 12.0% in the first quarter. IFP Advisors Inc now owns 5,959 shares of the construction company’s stock valued at $140,000 after buying an additional 638 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of PulteGroup by 12.4% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 6,380 shares of the construction company’s stock valued at $150,000 after buying an additional 702 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new position in shares of PulteGroup during the first quarter valued at $155,000. Finally, Thrivent Financial for Lutherans boosted its position in shares of PulteGroup by 1.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 10,162 shares of the construction company’s stock valued at $187,000 after buying an additional 110 shares in the last quarter. 92.52% of the stock is owned by institutional investors and hedge funds.
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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