Aspire Private Capital LLC Buys 734 Shares of PulteGroup, Inc. (NYSE:PHM)

Aspire Private Capital LLC lifted its position in shares of PulteGroup, Inc. (NYSE:PHM) by 7.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,142 shares of the construction company’s stock after purchasing an additional 734 shares during the quarter. Aspire Private Capital LLC’s holdings in PulteGroup were worth $1,104,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of PHM. Fortitude Family Office LLC grew its position in shares of PulteGroup by 115.1% during the 3rd quarter. Fortitude Family Office LLC now owns 185 shares of the construction company’s stock worth $27,000 after buying an additional 99 shares during the period. Transcendent Capital Group LLC acquired a new position in PulteGroup during the third quarter valued at approximately $29,000. JNBA Financial Advisors bought a new stake in PulteGroup in the third quarter valued at approximately $43,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in PulteGroup by 1,059.3% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 313 shares of the construction company’s stock worth $45,000 after purchasing an additional 286 shares during the period. Finally, Grove Bank & Trust boosted its position in shares of PulteGroup by 18.4% during the third quarter. Grove Bank & Trust now owns 463 shares of the construction company’s stock worth $66,000 after purchasing an additional 72 shares in the last quarter. Institutional investors own 89.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Wedbush upgraded shares of PulteGroup from a “neutral” rating to an “outperform” rating and set a $135.00 target price on the stock in a report on Friday, January 3rd. Wells Fargo & Company dropped their target price on shares of PulteGroup from $165.00 to $140.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. The Goldman Sachs Group decreased their price objective on shares of PulteGroup from $140.00 to $124.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Oppenheimer lowered their target price on PulteGroup from $168.00 to $165.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Finally, Evercore ISI cut their price objective on shares of PulteGroup from $198.00 to $195.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $144.14.

PulteGroup Stock Performance

Shares of PulteGroup stock opened at $115.76 on Wednesday. The company’s 50 day moving average price is $120.01 and its two-hundred day moving average price is $127.25. The firm has a market capitalization of $23.74 billion, a P/E ratio of 8.54, a P/E/G ratio of 0.46 and a beta of 1.67. PulteGroup, Inc. has a fifty-two week low of $100.24 and a fifty-two week high of $149.47. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.73 and a quick ratio of 0.73.

PulteGroup (NYSE:PHM) last announced its quarterly earnings results on Tuesday, October 22nd. The construction company reported $3.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.10 by $0.25. The firm had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.27 billion. PulteGroup had a net margin of 16.64% and a return on equity of 25.30%. The company’s revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.90 EPS. On average, equities analysts forecast that PulteGroup, Inc. will post 12.96 earnings per share for the current fiscal year.

PulteGroup Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Tuesday, December 17th were given a dividend of $0.22 per share. This is a positive change from PulteGroup’s previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a yield of 0.76%. The ex-dividend date was Tuesday, December 17th. PulteGroup’s dividend payout ratio (DPR) is currently 6.49%.

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.