Media stories about PulteGroup (NYSE:PHM) have been trending somewhat positive on Thursday, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. PulteGroup earned a daily sentiment score of 0.08 on Accern’s scale. Accern also assigned news articles about the construction company an impact score of 46.5534826555896 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have impacted Accern Sentiment’s analysis:
- Stocks to Watch For: Carnival Corporation (NYSE:CCL), PulteGroup, Inc. (NYSE:PHM) – The Oracle Examiner (oracleexaminer.com)
- Alluring Stocks: Extreme Networks, Inc., (NASDAQ: EXTR), PulteGroup, Inc., (NYSE: PHM) – StocksNewsPro (press release) (stocksnewspro.com)
- Stupefying Stocks: Marinus Pharmaceuticals, Inc., (NASDAQ: MRNS), PulteGroup, Inc., (NYSE: PHM); – TNN (tradingnewsnow.com)
- News Review: Dick’s Sporting Goods Inc. (NYSE:DKS), PulteGroup, Inc. (NYSE:PHM) – The Oracle Examiner (oracleexaminer.com)
- Notable Stocks Alert: Exelon Corporation, (NYSE: EXC), PulteGroup, Inc., (NYSE: PHM) – Global Export Lines (press release) (globalexportlines.com)
Shares of PulteGroup stock traded down $0.39 during trading hours on Thursday, hitting $29.00. The stock had a trading volume of 4,781,816 shares, compared to its average volume of 5,051,448. The stock has a market cap of $8,287.43, a price-to-earnings ratio of 20.14, a price-to-earnings-growth ratio of 0.45 and a beta of 1.12. PulteGroup has a fifty-two week low of $21.41 and a fifty-two week high of $35.21.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 3rd. Stockholders of record on Friday, March 16th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Thursday, March 15th. PulteGroup’s dividend payout ratio (DPR) is 25.00%.
PulteGroup announced that its Board of Directors has approved a stock buyback program on Tuesday, January 30th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the construction company to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
Several equities analysts recently issued reports on PHM shares. Royal Bank of Canada set a $39.00 price target on PulteGroup and gave the company a “buy” rating in a research report on Wednesday, February 14th. Credit Suisse Group raised PulteGroup to a “buy” rating and set a $38.00 price objective on the stock in a report on Wednesday, January 31st. Mizuho raised PulteGroup from a “neutral” rating to a “buy” rating in a report on Thursday, January 18th. UBS lifted their price objective on PulteGroup from $38.00 to $41.00 and gave the company a “buy” rating in a report on Wednesday, January 17th. Finally, Zacks Investment Research raised PulteGroup from a “sell” rating to a “hold” rating and set a $40.00 price objective on the stock in a report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $33.92.
In other news, Director Patrick J. Oleary sold 8,677 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $30.03, for a total transaction of $260,570.31. Following the sale, the director now owns 90,687 shares of the company’s stock, valued at approximately $2,723,330.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.71% of the stock is owned by insiders.
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PulteGroup Company Profile
PulteGroup, Inc is a homebuilder in the United States. The Company’s segments include Homebuilding and Financial Services. Its Homebuilding operations are engaged in the acquisition and development of land primarily for residential purposes within the United States and the construction of housing on such land.
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