PulteGroup (PHM) Earning Somewhat Favorable Press Coverage, Analysis Finds

Media stories about PulteGroup (NYSE:PHM) have trended somewhat positive on Friday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. PulteGroup earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned press coverage about the construction company an impact score of 46.4726558804309 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the news stories that may have impacted Accern Sentiment’s scoring:

PulteGroup opened at $30.80 on Friday, according to Marketbeat. The firm has a market capitalization of $9.21 billion, a P/E ratio of 14.06, a P/E/G ratio of 0.54 and a beta of 1.02. PulteGroup has a twelve month low of $23.72 and a twelve month high of $35.21.



PulteGroup (NYSE:PHM) last issued its quarterly earnings results on Tuesday, April 24th. The construction company reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.15. The business had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $1.84 billion. PulteGroup had a net margin of 5.91% and a return on equity of 17.48%. The business’s quarterly revenue was up 20.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.31 earnings per share. equities analysts anticipate that PulteGroup will post 3.31 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 5th. Shareholders of record on Thursday, June 7th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, June 6th. This represents a $0.36 dividend on an annualized basis and a yield of 1.17%. PulteGroup’s dividend payout ratio (DPR) is currently 16.44%.

Several brokerages have recently issued reports on PHM. ValuEngine upgraded shares of PulteGroup from a “hold” rating to a “buy” rating in a report on Tuesday, May 29th. JPMorgan Chase & Co. upped their price target on shares of PulteGroup from $39.00 to $40.00 and gave the stock an “overweight” rating in a report on Thursday, April 26th. Raymond James upgraded shares of PulteGroup from a “market perform” rating to an “outperform” rating in a report on Thursday, April 26th. Royal Bank of Canada set a $36.00 price target on shares of PulteGroup and gave the stock a “buy” rating in a report on Wednesday, April 25th. Finally, Buckingham Research upgraded shares of PulteGroup from a “neutral” rating to a “buy” rating and set a $40.00 price target for the company in a report on Wednesday, April 25th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $35.21.

In other PulteGroup news, COO Harmon D. Smith sold 51,716 shares of the company’s stock in a transaction on Friday, May 11th. The shares were sold at an average price of $31.40, for a total transaction of $1,623,882.40. Following the sale, the chief operating officer now owns 256,823 shares of the company’s stock, valued at $8,064,242.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Andre J. Hawaux purchased 3,100 shares of the business’s stock in a transaction on Friday, May 11th. The shares were purchased at an average cost of $31.31 per share, for a total transaction of $97,061.00. Following the transaction, the director now directly owns 48,548 shares of the company’s stock, valued at approximately $1,520,037.88. The disclosure for this purchase can be found here. Insiders have sold 66,761 shares of company stock worth $2,086,972 in the last ninety days. Insiders own 0.86% of the company’s stock.

PulteGroup Company Profile

PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. The company is involved in the acquisition and development of land primarily for residential purposes; and the construction of housing on such land. It offers various home designs, including single-family detached, townhouses, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, and John Wieland Homes and Neighborhoods names.

Insider Buying and Selling by Quarter for PulteGroup (NYSE:PHM)

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