PulteGroup, Inc. (NYSE:PHM) Shares Sold by Advisor Resource Council

Advisor Resource Council cut its position in PulteGroup, Inc. (NYSE:PHM) by 65.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,445 shares of the construction company’s stock after selling 6,650 shares during the period. Advisor Resource Council’s holdings in PulteGroup were worth $416,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in PulteGroup during the fourth quarter valued at $381,960,000. Pacer Advisors Inc. lifted its holdings in shares of PulteGroup by 54.6% in the 4th quarter. Pacer Advisors Inc. now owns 3,003,713 shares of the construction company’s stock valued at $310,043,000 after buying an additional 1,060,466 shares during the period. Allianz Asset Management GmbH boosted its stake in shares of PulteGroup by 38.3% in the fourth quarter. Allianz Asset Management GmbH now owns 1,892,229 shares of the construction company’s stock worth $195,316,000 after buying an additional 523,623 shares during the last quarter. Dana Investment Advisors Inc. acquired a new stake in PulteGroup during the third quarter worth about $21,118,000. Finally, Deutsche Bank AG raised its position in PulteGroup by 26.9% during the third quarter. Deutsche Bank AG now owns 1,155,129 shares of the construction company’s stock valued at $85,537,000 after acquiring an additional 244,872 shares in the last quarter. 89.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PHM has been the topic of several recent research reports. Zelman & Associates upgraded PulteGroup from a “neutral” rating to an “outperform” rating in a research report on Wednesday, April 24th. Raymond James reiterated an “outperform” rating and issued a $135.00 price objective (up previously from $120.00) on shares of PulteGroup in a research report on Thursday, April 25th. StockNews.com upgraded PulteGroup from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th. Jefferies Financial Group upped their price target on PulteGroup from $126.00 to $131.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Finally, Barclays upped their price objective on shares of PulteGroup from $126.00 to $136.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, PulteGroup presently has an average rating of “Moderate Buy” and an average target price of $112.21.

PulteGroup Stock Up 0.5 %

Shares of PHM opened at $105.06 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.18. The stock has a fifty day simple moving average of $113.78 and a two-hundred day simple moving average of $109.77. PulteGroup, Inc. has a 52-week low of $68.80 and a 52-week high of $122.72. The company has a market capitalization of $22.10 billion, a PE ratio of 8.41, a price-to-earnings-growth ratio of 0.47 and a beta of 1.61.

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

PulteGroup Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 2nd. Shareholders of record on Tuesday, June 18th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, June 18th. This represents a $0.80 annualized dividend and a yield of 0.76%. PulteGroup’s dividend payout ratio (DPR) is 6.41%.

About PulteGroup

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.