Wedbush Brokers Reduce Earnings Estimates for PulteGroup, Inc. (PHM)

Wedbush Brokers Reduce Earnings Estimates for PulteGroup, Inc. (PHM)

Outstanding shares refer to a company's stock now held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Shares of PulteGroup (NYSE:PHM) traded down 0.09% during mid-day trading on Friday, reaching $23.32. 10,691,528 shares of the stock traded hands. State Street Corp boosted its stake in PulteGroup by 3.1% in the fourth quarter. Insiders have sold a total of 670,790 shares of company stock worth $14,614,763 over the last 90 days. Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new stake in PulteGroup during the third quarter valued at approximately $6,465,000. F&V Capital Management LLC now owns 21,480 shares of the company's stock valued at $430,000 after buying an additional 200 shares during the last quarter.

Valuation Ratios of PulteGroup, Inc. Ltd. now owns 62,734 shares of the construction company's stock valued at $1,257,000 after buying an additional 16,021 shares during the period.

PulteGroup, Inc.is a homebuilder operating in the United States.

RHP Barnes drops appeal of 4-game suspension
Pedroia has been out since he was spiked in the left leg during a late slide by Manny Machado on Friday. In his absence, the Red Sox likely will use Heath Hembree as their primary eighth-inning reliever.

Other research analysts also recently issued reports about the stock. Following the completion of the sale, the insider now directly owns 31,936 shares in the company, valued at $748,899.20.

PulteGroup, Inc. (PHM) has a 52-week high of $24.43 and a 52-week low of $17.26. (PHM). These ratios are important while doing valuation of the company or the shares of the company. Its latest closing price was -0.44% below/above the SMA200 while the distance from the SMA 50 and SMA 20 was 1.98% and 3.70% respectively.

PulteGroup (NYSE:PHM) last posted its quarterly earnings data on Thursday, January 26th.

Last week, bigger rival D.R. Horton Inc reported a quarterly profit that edged past estimates but was not enough to allay concerns about the resilience of a recovery in the US housing market. The company had revenue of $1.63 billion for the quarter, compared to analysts' expectations of $1.77 billion. The firm's stock has a market capitalization of $7.46 bln. The business's revenue was up 13.7% compared to the same quarter previous year.

Felix Hernandez has 'dead arm,' will be checked by doctors
Pitchers Chris Heston and Evan Marshall were optioned to Triple-A Tacoma following really rough outings. Kinsler added that he hoped Hernandez was healthy because he did not look right on the mound.

PulteGroup, Inc. (PHM) is expected to post revenue of $2.05 Billion in the current quarter, according to consensus of 12 analysts.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 4th. The company now has a consensus rating of "Hold" and a consensus price target of $23.22. The ex-dividend date of this dividend was Wednesday, March 8th. This represents a $0.36 dividend on an annualized basis and a yield of 1.62%. In the liquidity ratio analysis; current ratio was 1.80 while debt to equity ratio was 23.67.

Hedge funds have recently bought and sold shares of the stock. Finally, Royal Bank of Canada lifted their target price on shares of PulteGroup from $22.00 to $24.00 and gave the stock an "outperform" rating in a research report on Friday, January 27th. Analysts reported that the Price Target for PulteGroup, Inc. might touch $28 high while the Average Price Target and Low price Target is $24.5 and $15 respectively. Evercore ISI started coverage on PulteGroup in a report on Monday, November 14th. BTIG Research assumed coverage on shares of PulteGroup in a report on Tuesday, February 7th. They set a "neutral" rating on the stock. PulteGroup, Inc. got Upgrade on 14-Feb-17 where investment firm FBR & Co. The recommendation scale measures the value from 1 to 5, where 1 means "Strong Buy" and 5 stands for "Sell".

Pulte, which sells single-family detached homes, said the average price of homes increased to $375,000 from $353,000 a year earlier, while the number of homes sold rose to 4,225 from 3,945. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Han Song-Ryol: Trump building 'vicious cycle' of tensions
There had been concern North Korea might decide to mark the occasion with a nuclear or missile test, but it never materialized. The display featured what appeared to be a new long-range missile and two new types of large missile canisters.

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