PulteGroup, Inc. (NYSE:PHM) - Technical Indicators under Review

Lloyd Doyle
September 21, 2017

Over the past year, the price of PulteGroup, Inc. Consensus earnings estimates are far from ideal, but they are watched by many investors and play an important role in measuring the appropriate valuation for a stock. 2,302,363 stocks of the company were exchanged.

Other institutional investors have also added to or reduced their stakes in the company. The stock of PulteGroup, Inc.

Stocks of PulteGroup, (PHM) declined 0.04% throughout intraday market trading on early Tue, topping $26.32. Renaissance Technologies LLC acquired a new position in shares of PulteGroup in the 1st quarter valued at $92,466,000. Outstanding shares refer to a company's stock presently held by all its shareholders, counting share blocks held by institutional shareholders and restricted shares owned by the company's officers and insiders. Renaissance Technologies LLC bought a new stake in PulteGroup during the first quarter worth about $92,466,000. LSV Asset Management boosted its holdings in shares of PulteGroup by 150.9% in the 2nd quarter. Finally, Commerce Bank purchased a new stake in shares of PulteGroup in the first quarter worth approximately $207,000. During last 3 month period, -6.09% of total institutional ownership has changed in the company shares. Investors measure stock performance on the basis of a company's earnings power.

Analysts look for public financial statements, listen in on conference calls and talk to managers and customers of a company in order to reach an opinion and communicate the value of a stock. RBC Capital Markets maintained the shares of PHM in report on Friday, July 22 with "Outperform" rating. UBS AG downgraded shares of PulteGroup from a "positive" rating to a "neutral" rating in a report on Wednesday, July 26th. Susquehanna Bancshares Inc cut PulteGroup from a "positive" rating to a "neutral" rating and set a $26.00 price objective on the stock.in a research note on Wednesday, July 26th. The stock touched 52-week High of $26.64 on 09/13/17 and 52-week Low of $17.69 on 11/09/16. Analysts have a mean recommendation of 2.60 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). The company has an average rating of "Hold" and a consensus target price of $24.92.

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TRADEMARK VIOLATION WARNING: This report was originally reported by StockNewsTimes and is the sole property of of StockNewsTimes. PulteGroup, Inc. (NYSE:PHM) has risen 30.02% since September 18, 2016 and is uptrending. The high and low revenue estimates for the current quarter are $2.45 Billion and $2.25 Billion, respectively. (NYSE:PHM) have investors on high alert. PulteGroup, Inc. The firm's 50-day moving average price is $25.55 and its 200-day moving average price is $24.07. PulteGroup, Inc. The firm has a market cap of $7.93 billion, a price-to-earnings ratio of 14.55 and a beta of 1.08.

PulteGroup (NYSE:PHM) last posted its quarterly earnings results on Tuesday, July 25th. Insider ownership during the latest quarter decreased by a net of 0 shares, indicating that PHM's key executives are feeling more bearish about the stock than they did three months ago. The Return on Equity (ROE) value stands at 12.8%. The company reported revenue of $2.21 Billion in the same period a year ago. During the same quarter in the previous year, the firm posted $0.37 EPS. On average, equities research analysts predict that PulteGroup will post $2.09 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Traders who own the stock with a record date on Tue, Sep 19th will get a dividend of $0.09 for a share. The ex-dividend date is Monday, September 18th. PulteGroup's dividend payout ratio (DPR) is 20.00%.

PulteGroup, Inc.is a homebuilder in the United States. The Company's divisions include Homebuilding and Financial Services.

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