TIAA Trust National Association purchased a new position in PulteGroup, Inc. (NYSE:PHM – Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 94,935 shares of the construction company’s stock, valued at approximately $11,451,000.
Several other hedge funds also recently made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. bought a new position in PulteGroup during the 1st quarter valued at approximately $26,000. Benjamin Edwards Inc. bought a new position in shares of PulteGroup during the first quarter valued at approximately $26,000. Rakuten Securities Inc. purchased a new stake in PulteGroup in the fourth quarter worth $37,000. Lindbrook Capital LLC boosted its holdings in PulteGroup by 335.6% in the fourth quarter. Lindbrook Capital LLC now owns 379 shares of the construction company’s stock valued at $39,000 after acquiring an additional 292 shares in the last quarter. Finally, ORG Partners LLC increased its position in PulteGroup by 3,463.6% during the 4th quarter. ORG Partners LLC now owns 392 shares of the construction company’s stock valued at $40,000 after purchasing an additional 381 shares during the period. 89.90% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on the stock. Oppenheimer lifted their target price on shares of PulteGroup from $138.00 to $143.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Royal Bank of Canada upped their target price on PulteGroup from $106.00 to $113.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 24th. Evercore ISI raised their target price on PulteGroup from $183.00 to $189.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Barclays reduced their price target on PulteGroup from $136.00 to $131.00 and set an “overweight” rating on the stock in a research note on Friday, July 12th. Finally, StockNews.com raised PulteGroup from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, PulteGroup presently has a consensus rating of “Moderate Buy” and an average target price of $117.00.
PulteGroup Stock Down 0.0 %
PulteGroup stock traded down $0.04 during trading hours on Friday, hitting $124.76. The stock had a trading volume of 2,098,768 shares, compared to its average volume of 2,045,855. The stock’s 50-day moving average price is $113.58 and its 200-day moving average price is $110.72. The stock has a market capitalization of $26.24 billion, a P/E ratio of 9.99, a price-to-earnings-growth ratio of 0.56 and a beta of 1.61. PulteGroup, Inc. has a 12-month low of $68.80 and a 12-month high of $129.85. 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 – Get Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The construction company reported $2.87 earnings per share for the quarter, topping analysts’ consensus estimates of $2.36 by $0.51. PulteGroup had a net margin of 16.63% and a return on equity of 25.81%. The company had revenue of $3.95 billion during the quarter, compared to analyst estimates of $3.59 billion. Equities research analysts anticipate that PulteGroup, Inc. will post 12.64 EPS for the current fiscal year.
PulteGroup Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 2nd. Stockholders of record on Tuesday, June 18th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend was Tuesday, June 18th. PulteGroup’s payout ratio is currently 6.41%.
PulteGroup 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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