Shares of PulteGroup, Inc. (NYSE:PHM – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the sixteen ratings firms that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $86.27.

Several equities analysts recently issued reports on the company. Royal Bank of Canada upped their price objective on PulteGroup from $68.00 to $90.00 in a research report on Wednesday, July 26th. Raymond James boosted their target price on shares of PulteGroup from $93.00 to $105.00 and gave the company an “outperform” rating in a research note on Thursday, July 27th. BTIG Research boosted their target price on shares of PulteGroup from $83.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, July 25th. Credit Suisse Group boosted their target price on shares of PulteGroup from $71.00 to $85.00 in a research note on Wednesday, July 26th. Finally, Barclays boosted their target price on shares of PulteGroup from $90.00 to $104.00 in a research note on Wednesday, July 26th.

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Institutional Inflows and Outflows

PulteGroup Stock Performance

Several hedge funds have recently bought and sold shares of PHM. Envestnet Asset Management Inc. boosted its holdings in PulteGroup by 977.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 4,697,956 shares of the construction company’s stock worth $26,756,000 after buying an additional 4,262,030 shares during the period. Norges Bank bought a new position in PulteGroup in the 4th quarter worth $163,931,000. BlackRock Inc. boosted its holdings in PulteGroup by 10.8% in the 2nd quarter. BlackRock Inc. now owns 20,885,474 shares of the construction company’s stock worth $1,622,384,000 after buying an additional 2,030,200 shares during the period. FMR LLC boosted its holdings in PulteGroup by 84.1% in the 1st quarter. FMR LLC now owns 3,604,996 shares of the construction company’s stock worth $210,099,000 after buying an additional 1,646,751 shares during the period. Finally, Putnam Investments LLC boosted its holdings in shares of PulteGroup by 14.7% during the 1st quarter. Putnam Investments LLC now owns 11,010,203 shares of the construction company’s stock valued at $641,675,000 after purchasing an additional 1,406,893 shares during the last quarter. Institutional investors own 90.24% of the company’s stock.

Shares of PHM opened at $78.78 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.21. The business’s 50 day moving average price is $79.25 and its 200-day moving average price is $67.06. PulteGroup has a 52 week low of $35.99 and a 52 week high of $86.15. The stock has a market cap of $17.29 billion, a P/E ratio of 6.51, a P/E/G ratio of 0.68 and a beta of 1.38.

PulteGroup (NYSE:PHM – Get Free Report) last released its quarterly earnings data on Tuesday, July 25th. The construction company reported $3.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.69. The business had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $4.01 billion. PulteGroup had a return on equity of 29.58% and a net margin of 16.37%. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.73 EPS. Equities research analysts anticipate that PulteGroup will post 11.65 earnings per share for the current fiscal year.

PulteGroup declared that its Board of Directors has authorized a stock repurchase program on Tuesday, April 25th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the construction company to buy up to 6.9% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.

PulteGroup Company Profile

(Get Free Report

PulteGroup, Inc engages in the homebuilding business. The firm is also involved in mortgage banking and title and insurance brokerage operations. It operates through the Homebuilding and Financial services business segments. The Homebuilding segment includes operations from Connecticut, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Virginia, Georgia, North Carolina, South Carolina, Tennessee, Florida, Illinois, Indiana, Kentucky, Michigan, Minnesota, Missouri, Ohio, Texas, Arizona, California, Nevada, New Mexico, and Washington.

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