PulteGroup, Inc. (NYSE:PHM) registered a 0.56% increase, still its new closing price is 44.16% up from the company’s 1 year high of 22.19.It posted 5.75% gains in previous 5 sessions and is now the subject of 10 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 1 sells versus 3 buy or better ratings. The 18 stock analysts following this company have an average price target at $23.73, with individual PT in the $15.00-$27.50 range. The shares moved at $21.51, implying that brokerage firms see shares gaining about 32.81% in twelve months time.
PulteGroup, Inc. (PHM) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 17.03% rise year to date. A Director at PulteGroup, Inc. (PHM) offloaded shares in a transaction closed on Thursday January 26, 2017. DUGAS RICHARD J JR sold 341,222 shares in the company at $20.78 each and collected $7,090,001 in proceeds. DUGAS RICHARD J JR now owns 1,045,925 shares in the company after this transaction. A EVP & COO in the company, SMITH HARMON D, disclosed a transaction on Tuesday July 26, 2016 that ended up generating $1,181,000 from the sale of 53,582 shares at $22.05 per share.
PulteGroup, Inc. (NYSE:PHM) Upcoming Results on Tap
PulteGroup, Inc. will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.30 in that period. Sales during the quarter are predicted to arrive at $1.75 billion.
Earnings surprise history: Last quarter, the company posted approximately $2.49 billion in revenue and EPS of $0.67. The mean forecast was for $2.32 billion and $0.59 a share, respectively. One quarter earlier, revenue for the stock was at $1.94 billion, with earnings at $0.43/share.
PulteGroup, Inc. (PHM) Brokerage Update
PulteGroup, Inc. (PHM) is in BofA/Merrill’s research list so their analyst rating change is noteworthy. These shares were upgraded to Buy from Underperform by BofA/Merrill, according to news reported on Friday January 27, 2017.Another important research note was issued by Deutsche Bank on Monday July 25, 2016.The firm upgraded PHM to Buy from Hold. Over the last six months and over the last three months, the shares of PulteGroup, Inc. (PHM), have changed 1.27% and 16.77%, respectively.