PulteGroup, Inc. (NYSE:PHM) Earns Average Broker Rating Of Outperform

PulteGroup, Inc. (NYSE:PHM) stock is presently standing at about $23.39 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 12 analysts covering the company is $24.50, which suggests the stock could still rise over 5 percent. The highest analyst price target is $27.50, which implies a rally of 82 percent. And a quick view of analyst notes show that 5 are rating the stock a buy while 3 rate PHM a strong buy. There are 10 equity research firms advocating a Hold and 1 consider it Sell.

FBR & Co. analysts provided their view on PulteGroup, Inc. (NYSE:PHM) recently. The rating firm issued a Outperform rating to this company in a research note released on Feb 14, 2017. BofA/Merrill analysts disclosed their opinion on PulteGroup, Inc. (NYSE:PHM) recently. The rating firm gave a Buy rating to this stock in a research note published on Jan 27, 2017. According to a research note disclosed on Jul 25, 2016, analysts at Deutsche Bank have upped their rating on these shares from Hold to Buy.

PulteGroup, Inc. (NYSE:PHM) Transactions Roundup

Several insiders were part of recent insider activity for the stock. Its Director DUGAS RICHARD J JR sold 165,000 company shares for 3811500, in a transaction on 2017-03-08. Following the transaction, the Director is left with a stake of 1,099,105 shares, currently valued at $25708066. Meanwhile, Exec. Vice President-HR Ellinghausen James R sold 33,814 shares worth $737820, through a transaction dated 2017-02-22. Following the completion of the transaction, the insider is left with a stake of 411,524 shares, amounting $9625546.36. PHM Senior Vice President Finance OSSOWSKI JAMES L also sold 7,000 shares, at a stock price of $21.74. This transaction occurred on 2017-02-22 totals $152180. After this transaction, the insider’s stake stands at 75,225 shares, with a market value of $1759513.

Executives hold 2.10 percent of the stock. Richard J. Dugas,Jr is one of the biggest insider owners in PulteGroup, Inc. (NYSE:PHM), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 1,049,721 shares which have current market value of around $24552974.19.Timothy R. Eller is another major inside shareholder in the company. The insider owns 944,738 shares as of 0.3%, currently worth $22097421.82. Roger A. Cregg is ranked as third insider holder of the stock. This insider holds 654,114 shares with a market value around $15299726.46 as of recent close.

PulteGroup, Inc. (NYSE:PHM) Earnings Outlook

In PulteGroup, Inc. (NYSE:PHM)’s latest quarter, EPS moved to $0.67 from $0.43 in preceding quarter and revenues reached at $2,493.08M compared to $1,942.91M. Analysts had expected PulteGroup, Inc. (NYSE:PHM) to post net income of about $0.59 per share on $2,323.37M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.25 to $0.33. That is compared with the $0.24 in EPS it reported during the same period a year ago.