Vicus Capital purchased a new stake in PulteGroup, Inc. (NYSE:PHM – Free Report) during the first quarter, Holdings Channel reports. The firm purchased 1,683 shares of the construction company’s stock, valued at approximately $203,000.
A number of other large investors have also recently bought and sold shares of the stock. Norges Bank bought a new stake in shares of PulteGroup during the fourth quarter worth $381,960,000. Pacer Advisors Inc. lifted its stake in shares of PulteGroup by 54.6% during the fourth quarter. Pacer Advisors Inc. now owns 3,003,713 shares of the construction company’s stock valued at $310,043,000 after acquiring an additional 1,060,466 shares during the period. Allianz Asset Management GmbH lifted its stake in shares of PulteGroup by 38.3% during the fourth quarter. Allianz Asset Management GmbH now owns 1,892,229 shares of the construction company’s stock valued at $195,316,000 after acquiring an additional 523,623 shares during the period. Dana Investment Advisors Inc. acquired a new position in shares of PulteGroup during the third quarter valued at $21,118,000. Finally, Qube Research & Technologies Ltd acquired a new position in shares of PulteGroup during the third quarter valued at $18,264,000. 89.90% of the stock is currently owned by institutional investors.
PulteGroup Trading Up 0.3 %
Shares of NYSE:PHM traded up $0.35 during midday trading on Friday, reaching $110.10. The company’s stock had a trading volume of 3,680,695 shares, compared to its average volume of 1,657,969. The firm has a market capitalization of $23.16 billion, a price-to-earnings ratio of 8.82, a PEG ratio of 0.49 and a beta of 1.59. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a 50 day moving average price of $114.11 and a two-hundred day moving average price of $109.70. PulteGroup, Inc. has a fifty-two week low of $68.80 and a fifty-two week high of $122.72.
PulteGroup Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Tuesday, June 18th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date is Tuesday, June 18th. PulteGroup’s dividend payout ratio is 6.41%.
Wall Street Analyst Weigh In
PHM has been the topic of several research reports. Royal Bank of Canada upped their price target on PulteGroup from $106.00 to $113.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 24th. Raymond James reissued an “outperform” rating and issued a $135.00 target price (up previously from $120.00) on shares of PulteGroup in a research note on Thursday, April 25th. Barclays increased their target price on PulteGroup from $126.00 to $136.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Zelman & Associates raised PulteGroup from a “neutral” rating to an “outperform” rating in a research note on Wednesday, April 24th. Finally, Oppenheimer raised their price target on PulteGroup from $138.00 to $143.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $113.07.
Get Our Latest Research Report on PHM
PulteGroup Company Profile
PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. It acquires and develops land primarily for residential purposes; and constructs housing on such land. The company also offers various home designs, including single-family detached, townhomes, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, John Wieland Homes and Neighborhoods, and American West brand names.
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