PulteGroup (NYSE:PHM) Given New $133.00 Price Target at The Goldman Sachs Group

PulteGroup (NYSE:PHM) had its target price decreased by equities researchers at The Goldman Sachs Group from $150.00 to $133.00 in a report released on Friday,MarketScreener reports. The firm presently has a “neutral” rating on the construction company’s stock. The Goldman Sachs Group’s price target suggests a potential upside of 9.42% from the company’s current price.

PHM has been the subject of a number of other research reports. Weiss Ratings upgraded PulteGroup from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 12th. Raymond James Financial restated an “outperform” rating and issued a $145.00 target price on shares of PulteGroup in a report on Wednesday, February 4th. JPMorgan Chase & Co. decreased their price target on PulteGroup from $149.00 to $131.00 and set an “overweight” rating for the company in a report on Tuesday, February 3rd. Wall Street Zen raised PulteGroup from a “sell” rating to a “hold” rating in a research report on Sunday, January 11th. Finally, Oppenheimer restated an “outperform” rating and set a $149.00 price objective (up from $140.00) on shares of PulteGroup in a research note on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $140.00.

PulteGroup Stock Down 0.6%

PulteGroup stock opened at $121.55 on Friday. The firm has a market capitalization of $23.29 billion, a price-to-earnings ratio of 10.94, a price-to-earnings-growth ratio of 1.40 and a beta of 1.33. The firm’s fifty day moving average price is $127.60 and its two-hundred day moving average price is $125.28. PulteGroup has a 1-year low of $89.81 and a 1-year high of $144.49. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13.

Insiders Place Their Bets

In other PulteGroup news, VP Brien P. O’meara sold 4,000 shares of the business’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $135.51, for a total value of $542,040.00. Following the transaction, the vice president directly owned 8,601 shares in the company, valued at $1,165,521.51. The trade was a 31.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Todd N. Sheldon sold 14,220 shares of the stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $135.01, for a total transaction of $1,919,842.20. Following the transaction, the executive vice president directly owned 69,753 shares of the company’s stock, valued at $9,417,352.53. This represents a 16.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 149,952 shares of company stock valued at $20,162,165. Company insiders own 0.75% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd bought a new stake in PulteGroup in the 4th quarter valued at about $525,000. MidFirst Bank bought a new position in PulteGroup in the 4th quarter worth approximately $8,146,000. SG Trading Solutions LLC bought a new position in PulteGroup in the 4th quarter worth approximately $202,000. Pacer Advisors Inc. grew its stake in PulteGroup by 8.1% in the 4th quarter. Pacer Advisors Inc. now owns 735,921 shares of the construction company’s stock valued at $86,294,000 after buying an additional 55,206 shares in the last quarter. Finally, Kera Capital Partners Inc. grew its stake in PulteGroup by 127.3% in the 4th quarter. Kera Capital Partners Inc. now owns 4,475 shares of the construction company’s stock valued at $560,000 after buying an additional 2,506 shares in the last quarter. Hedge funds and other institutional investors own 89.90% of the company’s stock.

About PulteGroup

PulteGroup, Inc (NYSE: PHM) is a U.S.-based residential homebuilder that designs, constructs and sells single-family homes and develops master-planned communities. The company operates multiple national and regional brands that target different buyer segments, including first-time buyers, move-up buyers and active-adult customers. Its operations encompass land acquisition and development, home design and construction, community amenities and ongoing customer service and warranty programs.

PulteGroup markets homes under several well-known brands, such as Pulte Homes, Centex and Del Webb, among others, offering a range of product types from entry-level detached homes to larger, higher-end residences and age-restricted active-adult communities.