PulteGroup, Inc. (NYSE:PHM) share price jumped at US$ 21.77 before falling back to end the trade at US$ 21.73 a share. The dividend stock is -2.08% off a 52-week high stock price of US$ 22.4 but is up 32.77% since hitting the US$ 16.6. Investors are buying the stock with a trailing-twelve-month price-to-earnings (P/E) ratio of 12.22.
After a 0.6% rise from previous close of US$ 21.6, PulteGroup, Inc. (PHM) has a US$ 6.87 Billion market cap. The company pays a US$ 0.09-cent-per-share quarterly dividend, giving it a 1.66% yield. That brings its full year payout to US$ 0.36 and 20.1% annual payout ratio based on EPS. According to FT, Year on year, both dividends per share and earnings per share excluding extraordinary items growth increased 9.09% and 28.11%, respectively. The positive trend in dividend payments is noteworthy since very few companies in the Construction Services industry pay a dividend.
The PHM has soared 18.23% year-to-date. The equity has gained steam in recent weeks, with shares up about 16.02% in the past three months. It added 1.83%, climbed 6.31% and jumped 1.69% in the week, one month and six months, respectively. Revenue growth rate was recorded at 13.1% and net income per share was seen moving at a 38.8% rate in the past five years.
PulteGroup, Inc. (NYSE:PHM) is over 8% above analysts’ consensus price target of US$ 23.96. The stock has blown through analysts’ low price target of US$ 15, but is still below the high US$ 27.5 target. On a price appreciation basis over the past 12 months, the stock returned 27.74%.
Financial Times data shows, In 2016, PulteGroup Inc reported a dividend of 0.36 USD, which represents a 9.09% increase over last year. The 8 analysts covering the company expect dividends of 0.37 USD for the upcoming fiscal year, an increase of 3.06%. The most recent short interest data show 7.32% of the company’s stock are short sold. It would take about 4.12 days to cover all short positions. In terms of volatility, it has a beta coefficient of 1.13 and technical analysis volatility indicator called Average True Range or ATR around 0.41.
PulteGroup, Inc. (NYSE:PHM) closed 10.75% above its 200-day moving average which many technicians use as a guide to the long-term trend, so stocks above the line are considered to be in longer-term uptrends, while those below it are considered to be in downtrends. The stock is 8.89% above another chart threshold, its 50-day moving average and 1.46% above its 20-day simple moving average.Dividend Overview: PulteGroup, Inc. (PHM)