PulteGroup (NYSE:PHM) Earns Buy Rating from Analysts at Truist Financial

Truist Financial began coverage on shares of PulteGroup (NYSE:PHM) in a research report sent to investors on Wednesday, Marketbeat reports. The brokerage issued a buy rating and a $170.00 target price on the construction company’s stock.

Several other equities research analysts have also weighed in on the company. Raymond James Financial reissued an “outperform” rating and set a $145.00 target price on shares of PulteGroup in a research report on Wednesday, February 4th. Wells Fargo & Company increased their price target on shares of PulteGroup from $132.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th. Weiss Ratings raised shares of PulteGroup from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 12th. Zacks Research downgraded shares of PulteGroup from a “hold” rating to a “strong sell” rating in a research report on Monday, January 26th. Finally, UBS Group lowered their target price on shares of PulteGroup from $160.00 to $159.00 and set a “buy” rating for the company in a report on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $142.71.

PulteGroup Stock Down 1.3%

Shares of NYSE PHM opened at $127.95 on Wednesday. The company has a market capitalization of $24.61 billion, a price-to-earnings ratio of 11.51, a price-to-earnings-growth ratio of 1.51 and a beta of 1.32. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.01 and a quick ratio of 1.01. The business has a 50-day moving average of $130.60 and a two-hundred day moving average of $127.73. PulteGroup has a 1 year low of $88.07 and a 1 year high of $144.49.

PulteGroup Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Tuesday, March 17th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Tuesday, March 17th. PulteGroup’s dividend payout ratio (DPR) is currently 9.35%.

Insider Activity at PulteGroup

In other PulteGroup news, insider Ryan Marshall sold 111,250 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $133.86, for a total value of $14,891,925.00. Following the completion of the sale, the insider owned 659,392 shares in the company, valued at approximately $88,266,213.12. The trade was a 14.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kevin A. Henry sold 5,173 shares of the stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $141.03, for a total value of $729,548.19. Following the completion of the sale, the executive vice president directly owned 14,673 shares of the company’s stock, valued at $2,069,333.19. The trade was a 26.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 149,952 shares of company stock valued at $20,162,165 over the last 90 days. 0.76% of the stock is owned by insiders.

Institutional Trading of PulteGroup

Several institutional investors and hedge funds have recently bought and sold shares of the business. Rachor Investment Advisory Services LLC purchased a new position in PulteGroup during the 4th quarter worth $31,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of PulteGroup in the second quarter valued at about $32,000. DV Equities LLC purchased a new stake in shares of PulteGroup in the fourth quarter valued at about $32,000. Lloyd Advisory Services LLC. acquired a new stake in shares of PulteGroup during the fourth quarter worth about $33,000. Finally, Rexford Capital Inc. acquired a new stake in shares of PulteGroup during the second quarter worth about $35,000. Hedge funds and other institutional investors own 89.90% of the company’s stock.

PulteGroup Company Profile

PulteGroup, Inc (NYSE: PHM) is a U.S.-based residential homebuilder that designs, constructs and sells single-family homes and develops master-planned communities. The company operates multiple national and regional brands that target different buyer segments, including first-time buyers, move-up buyers and active-adult customers. Its operations encompass land acquisition and development, home design and construction, community amenities and ongoing customer service and warranty programs.

PulteGroup markets homes under several well-known brands, such as Pulte Homes, Centex and Del Webb, among others, offering a range of product types from entry-level detached homes to larger, higher-end residences and age-restricted active-adult communities.