Lbp Am Sa Has $1.28 Million Stake in PulteGroup, Inc. (NYSE:PHM)

Lbp Am Sa decreased its position in shares of PulteGroup, Inc. (NYSE:PHM) by 9.2% in the first quarter, Holdings Channel reports. The fund owned 10,631 shares of the construction company’s stock after selling 1,079 shares during the period. Lbp Am Sa’s holdings in PulteGroup were worth $1,282,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of PHM. Raymond James Financial Services Advisors Inc. lifted its position in PulteGroup by 2.8% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 45,621 shares of the construction company’s stock worth $4,709,000 after acquiring an additional 1,243 shares during the last quarter. Caprock Group LLC bought a new position in shares of PulteGroup during the 4th quarter worth about $384,000. AdvisorNet Financial Inc increased its holdings in shares of PulteGroup by 91.5% during the 4th quarter. AdvisorNet Financial Inc now owns 427 shares of the construction company’s stock worth $44,000 after purchasing an additional 204 shares during the period. Pallas Capital Advisors LLC bought a new position in shares of PulteGroup during the 4th quarter worth about $277,000. Finally, Cigna Investments Inc. New bought a new position in shares of PulteGroup during the 4th quarter worth about $239,000. Institutional investors and hedge funds own 89.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Jefferies Financial Group boosted their price objective on shares of PulteGroup from $126.00 to $131.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Barclays boosted their price objective on shares of PulteGroup from $131.00 to $150.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Citigroup dropped their price objective on shares of PulteGroup from $129.00 to $117.00 and set a “neutral” rating on the stock in a report on Tuesday, July 2nd. Evercore ISI boosted their price objective on shares of PulteGroup from $183.00 to $189.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Finally, Royal Bank of Canada increased their price target on shares of PulteGroup from $113.00 to $120.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 24th. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $133.14.

PulteGroup Price Performance

Shares of NYSE PHM traded down $2.72 during mid-day trading on Thursday, hitting $129.28. 2,417,179 shares of the stock were exchanged, compared to its average volume of 1,860,955. The company has a market cap of $26.83 billion, a P/E ratio of 10.57, a PEG ratio of 0.55 and a beta of 1.61. The stock’s fifty day simple moving average is $115.25 and its two-hundred day simple moving average is $112.13. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.76 and a current ratio of 0.76. PulteGroup, Inc. has a twelve month low of $68.80 and a twelve month high of $135.62.

PulteGroup (NYSE:PHM) last posted its quarterly earnings data on Tuesday, July 23rd. The construction company reported $3.83 earnings per share for the quarter, topping the consensus estimate of $3.27 by $0.56. The company had revenue of $4.60 billion during the quarter, compared to analyst estimates of $4.49 billion. PulteGroup had a net margin of 16.75% and a return on equity of 25.67%. The company’s revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the business posted $3.00 earnings per share. As a group, analysts forecast that PulteGroup, Inc. will post 12.85 EPS for the current fiscal year.

PulteGroup Announces Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend was Tuesday, June 18th. PulteGroup’s payout ratio is 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.