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PulteGroup (PHM) Has a New Rating from Truist Financial

Tipranks - Wed Mar 4, 3:50PM CST

Truist Financial analyst initiated coverage with a Buy rating on PulteGroup today and set a price target of $170.00.

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In addition to Truist Financial, PulteGroup also received a Buy from Wells Fargo’s Sam Reid in a report issued today. However, on February 22, TipRanks – Google reiterated a Hold rating on PulteGroup (NYSE: PHM).

Based on PulteGroup’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $4.61 billion and a net profit of $501.61 million. In comparison, last year the company earned a revenue of $4.92 billion and had a net profit of $913.24 million

Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PHM in relation to earlier this year. Last month, Kevin Henry, the EVP and Chief People Officer of PHM sold 5,173.00 shares for a total of $729,548.19.

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