PulteGroup Inc. (NYSE:PHM) – Equities research analysts at FBR & Co issued their Q3 2016 earnings estimates for shares of PulteGroup in a report released on Tuesday. FBR & Co analyst A. Rygiel anticipates that the brokerage will post earnings per share of $0.44 for the quarter. FBR & Co currently has a “Marketperform” rating and a $24.00 target price on the stock. FBR & Co also issued estimates for PulteGroup’s Q4 2016 earnings at $0.58 EPS, FY2016 earnings at $1.60 EPS, Q1 2017 earnings at $0.26 EPS, Q2 2017 earnings at $0.36 EPS, Q3 2017 earnings at $0.58 EPS, Q4 2017 earnings at $0.96 EPS and FY2017 earnings at $2.18 EPS.
Other research analysts have also issued research reports about the stock. Credit Suisse Group AG restated a “sell” rating on shares of PulteGroup in a research report on Tuesday, July 12th. Zacks Investment Research upgraded shares of PulteGroup from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Monday, July 25th. Wedbush began coverage on shares of PulteGroup in a research report on Monday, September 19th. They issued an “underperform” rating and a $16.00 price target on the stock. RBC Capital Markets restated an “outperform” rating and issued a $26.00 price target (up previously from $23.00) on shares of PulteGroup in a research report on Sunday, July 24th. Finally, Deutsche Bank AG upgraded shares of PulteGroup from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research report on Monday, July 25th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of C$20.13.
Shares of PulteGroup (NYSE:PHM) opened at 20.04 on Thursday. The firm’s 50-day moving average price is $20.60 and its 200 day moving average price is $19.52. The firm has a market cap of $6.89 billion, a PE ratio of 13.19 and a beta of 1.59. PulteGroup has a 1-year low of $14.61 and a 1-year high of $22.40.
PulteGroup (NYSE:PHM) last posted its earnings results on Thursday, July 21st. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.02. The company earned $1.80 billion during the quarter, compared to analysts’ expectations of $1.66 billion. PulteGroup had a return on equity of 11.24% and a net margin of 7.89%. The firm’s quarterly revenue was up 40.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.28 earnings per share.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. IFP Advisors Inc increased its position in shares of PulteGroup by 69.4% in the first quarter. IFP Advisors Inc now owns 5,507 shares of the company’s stock valued at $103,000 after buying an additional 2,257 shares during the period. First Quadrant L P CA purchased a new position in shares of PulteGroup during the second quarter valued at approximately $109,000. Levin Capital Strategies L.P. purchased a new position in shares of PulteGroup during the second quarter valued at approximately $195,000. Private Advisor Group LLC purchased a new position in shares of PulteGroup during the second quarter valued at approximately $201,000. Finally, Chartist Inc. CA purchased a new position in shares of PulteGroup during the second quarter valued at approximately $202,000. Hedge funds and other institutional investors own 89.08% of the company’s stock.
In related news, COO Harmon D. Smith sold 53,582 shares of PulteGroup stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of C$22.05, for a total value of C$1,181,483.10. Following the transaction, the chief operating officer now owns 313,628 shares in the company, valued at approximately C$6,915,497.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Richard J. Dugas, Jr. sold 243,115 shares of PulteGroup stock in a transaction on Monday, July 25th. The stock was sold at an average price of C$21.96, for a total transaction of C$5,338,805.40. Following the completion of the transaction, the chief executive officer now owns 1,441,759 shares in the company, valued at approximately C$31,661,027.64. The disclosure for this sale can be found here. 1.83% of the stock is currently owned by corporate insiders.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 4th. Investors of record on Tuesday, September 20th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.80%. The ex-dividend date is Friday, September 16th. PulteGroup’s payout ratio is presently 23.68%.
PulteGroup Company Profile
PulteGroup, Inc is a homebuilder operating in the United States. The Company, through Pulte Mortgage LLC, is engaged in mortgage banking operations and title operations. The Company’s subsidiaries are also engaged in the homebuilding business. The Company operates through Homebuilding and Financial Services segments.
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