8,624 Shares in PulteGroup, Inc. (NYSE:PHM) Purchased by Norden Group LLC

Norden Group LLC acquired a new position in shares of PulteGroup, Inc. (NYSE:PHM) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 8,624 shares of the construction company’s stock, valued at approximately $1,040,000.

A number of other institutional investors have also recently bought and sold shares of PHM. Certuity LLC purchased a new stake in shares of PulteGroup during the fourth quarter worth $245,000. Nordea Investment Management AB grew its holdings in shares of PulteGroup by 4.0% in the 4th quarter. Nordea Investment Management AB now owns 753,768 shares of the construction company’s stock worth $78,030,000 after purchasing an additional 28,833 shares during the last quarter. Banque Cantonale Vaudoise raised its stake in shares of PulteGroup by 166.6% in the first quarter. Banque Cantonale Vaudoise now owns 13,146 shares of the construction company’s stock valued at $1,586,000 after acquiring an additional 8,215 shares during the last quarter. Personal CFO Solutions LLC acquired a new position in PulteGroup in the fourth quarter worth $719,000. Finally, Truist Financial Corp grew its holdings in PulteGroup by 248.6% during the 4th quarter. Truist Financial Corp now owns 191,219 shares of the construction company’s stock worth $19,738,000 after acquiring an additional 136,370 shares during the last quarter. Hedge funds and other institutional investors own 89.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on PHM shares. Oppenheimer boosted their price objective on PulteGroup from $138.00 to $143.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Citigroup lowered their price target on shares of PulteGroup from $129.00 to $117.00 and set a “neutral” rating on the stock in a research note on Tuesday. Barclays raised their target price on shares of PulteGroup from $126.00 to $136.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. StockNews.com raised PulteGroup from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th. Finally, Raymond James reiterated an “outperform” rating and issued a $135.00 price target (up previously from $120.00) on shares of PulteGroup in a research note on Thursday, April 25th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $112.21.

PulteGroup Price Performance

NYSE:PHM traded down $1.15 during mid-day trading on Friday, hitting $103.91. 1,165,638 shares of the stock traded hands, compared to its average volume of 1,774,746. The company has a market cap of $21.86 billion, a PE ratio of 8.28, a price-to-earnings-growth ratio of 0.47 and a beta of 1.61. PulteGroup, Inc. has a 12-month low of $68.80 and a 12-month high of $122.72. The business’s 50-day moving average price is $113.66 and its 200 day moving average price is $109.74. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.18.

PulteGroup (NYSE:PHM) last posted its quarterly earnings data on Tuesday, April 23rd. The construction company reported $2.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.36 by $0.51. The company had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $3.59 billion. PulteGroup had a net margin of 16.63% and a return on equity of 25.81%. On average, analysts expect that PulteGroup, Inc. will post 12.64 EPS for the current fiscal year.

PulteGroup Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 2nd. Shareholders of record on Tuesday, June 18th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date was Tuesday, June 18th. PulteGroup’s payout ratio is currently 6.41%.

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.