PulteGroup (NYSE:PHM) Price Target Increased to $152.00 by Analysts at JPMorgan Chase & Co.

PulteGroup (NYSE:PHM) had its price objective lifted by JPMorgan Chase & Co. from $141.00 to $152.00 in a report published on Thursday morning, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the construction company’s stock.

PHM has been the subject of several other research reports. Raymond James reiterated an outperform rating and issued a $135.00 price objective (up previously from $120.00) on shares of PulteGroup in a report on Thursday, April 25th. Jefferies Financial Group lifted their price target on PulteGroup from $126.00 to $131.00 and gave the company a buy rating in a research report on Wednesday, April 24th. Wedbush reaffirmed a neutral rating and issued a $115.00 price target (up from $105.00) on shares of PulteGroup in a research note on Tuesday. BTIG Research upped their target price on shares of PulteGroup from $133.00 to $139.00 and gave the stock a buy rating in a research report on Wednesday. Finally, Barclays lifted their price target on shares of PulteGroup from $131.00 to $150.00 and gave the company an overweight rating in a research report on Wednesday. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus target price of $129.93.

PulteGroup Price Performance

PHM stock opened at $124.31 on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.85 and a current ratio of 0.76. The firm has a market cap of $25.80 billion, a P/E ratio of 10.01, a P/E/G ratio of 0.52 and a beta of 1.61. The firm’s fifty day moving average is $114.10 and its 200 day moving average is $111.32. PulteGroup has a 52 week low of $68.80 and a 52 week high of $129.85.

PulteGroup (NYSE:PHM) last released its quarterly earnings data on Tuesday, July 23rd. The construction company reported $3.83 EPS for the quarter, topping the consensus estimate of $3.27 by $0.56. PulteGroup had a return on equity of 25.67% and a net margin of 16.75%. The firm had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $4.49 billion. During the same quarter in the previous year, the business earned $3.00 earnings per share. The company’s quarterly revenue was up 9.8% on a year-over-year basis. Research analysts predict that PulteGroup will post 12.68 earnings per share for the current year.

PulteGroup Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 2nd. Shareholders of record on Tuesday, June 18th were paid a dividend of $0.20 per share. The ex-dividend date was Tuesday, June 18th. This represents a $0.80 annualized dividend and a yield of 0.64%. PulteGroup’s dividend payout ratio is 6.41%.

Institutional Trading of PulteGroup

Institutional investors have recently added to or reduced their stakes in the business. E Fund Management Hong Kong Co. Ltd. purchased a new stake in PulteGroup during the 1st quarter valued at $26,000. Benjamin Edwards Inc. purchased a new stake in PulteGroup in the first quarter worth approximately $26,000. LRI Investments LLC purchased a new stake in PulteGroup in the first quarter worth approximately $28,000. Continuum Advisory LLC boosted its holdings in PulteGroup by 94.5% in the second quarter. Continuum Advisory LLC now owns 317 shares of the construction company’s stock worth $35,000 after purchasing an additional 154 shares during the last quarter. Finally, Rakuten Securities Inc. purchased a new stake in PulteGroup in the fourth quarter worth approximately $37,000. 89.90% of the stock is currently owned by hedge funds and other institutional investors.

About PulteGroup

PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. It acquires and develops land primarily for residential purposes; and constructs housing on such land. The company also offers various home designs, including single-family detached, townhomes, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, John Wieland Homes and Neighborhoods, and American West brand names.