Denali Advisors LLC Has $254,000 Stake in PulteGroup, Inc. (NYSE:PHM)

Denali Advisors LLC lifted its position in shares of PulteGroup, Inc. (NYSE:PHM) by 10.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,109 shares of the construction company’s stock after buying an additional 202 shares during the period. Denali Advisors LLC’s holdings in PulteGroup were worth $254,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. First Horizon Advisors Inc. boosted its holdings in PulteGroup by 2.9% during the fourth quarter. First Horizon Advisors Inc. now owns 3,594 shares of the construction company’s stock worth $371,000 after purchasing an additional 100 shares during the last quarter. Aprio Wealth Management LLC increased its stake in shares of PulteGroup by 3.1% during the 4th quarter. Aprio Wealth Management LLC now owns 3,583 shares of the construction company’s stock worth $370,000 after purchasing an additional 107 shares during the last quarter. NBC Securities Inc. raised its holdings in shares of PulteGroup by 2.4% in the 1st quarter. NBC Securities Inc. now owns 4,774 shares of the construction company’s stock valued at $575,000 after purchasing an additional 112 shares during the period. KMG Fiduciary Partners LLC lifted its stake in PulteGroup by 4.1% in the 4th quarter. KMG Fiduciary Partners LLC now owns 3,102 shares of the construction company’s stock valued at $320,000 after purchasing an additional 121 shares during the last quarter. Finally, DNB Asset Management AS grew its holdings in PulteGroup by 0.3% during the fourth quarter. DNB Asset Management AS now owns 43,391 shares of the construction company’s stock worth $4,479,000 after purchasing an additional 123 shares during the period. 89.90% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on PHM shares. Citigroup dropped their price objective on PulteGroup from $129.00 to $117.00 and set a “neutral” rating on the stock in a research note on Tuesday. Jefferies Financial Group raised their price target on PulteGroup from $126.00 to $131.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Barclays upped their price objective on shares of PulteGroup from $126.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Raymond James reaffirmed an “outperform” rating and set a $135.00 target price (up previously from $120.00) on shares of PulteGroup in a report on Thursday, April 25th. Finally, Zelman & Associates raised shares of PulteGroup from a “neutral” rating to an “outperform” rating in a report on Wednesday, April 24th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, PulteGroup presently has a consensus rating of “Moderate Buy” and a consensus price target of $112.21.

PulteGroup Price Performance

Shares of PHM stock opened at $105.03 on Thursday. The business has a fifty day simple moving average of $113.78 and a 200 day simple moving average of $109.77. The company has a market cap of $22.09 billion, a P/E ratio of 8.41, a P/E/G ratio of 0.47 and a beta of 1.61. 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, Inc. has a twelve month low of $68.80 and a twelve month high of $122.72.

PulteGroup (NYSE:PHM) last posted its earnings results on Tuesday, April 23rd. The construction company reported $2.87 EPS 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 firm had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $3.59 billion. On average, sell-side analysts forecast that PulteGroup, Inc. will post 12.64 EPS for the current fiscal year.

PulteGroup Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 2nd. Shareholders of record on Tuesday, June 18th were given a $0.20 dividend. The ex-dividend date was Tuesday, June 18th. This represents a $0.80 dividend on an annualized basis and a yield of 0.76%. PulteGroup’s dividend 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.