Vicus Capital Purchases Shares of 1,683 PulteGroup, Inc. (NYSE:PHM)

Vicus Capital purchased a new stake in PulteGroup, Inc. (NYSE:PHM) 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 (NYSE:PHM) last announced its quarterly earnings data on Tuesday, April 23rd. The construction company reported $2.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.36 by $0.51. The company had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $3.59 billion. PulteGroup had a return on equity of 25.81% and a net margin of 16.63%. As a group, analysts forecast that PulteGroup, Inc. will post 12.64 earnings per share for the current year.

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.

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.