Mutual of America Capital Management LLC Sells 1,088 Shares of PulteGroup, Inc. (NYSE:PHM)

Mutual of America Capital Management LLC cut its stake in PulteGroup, Inc. (NYSE:PHM) by 3.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,829 shares of the construction company’s stock after selling 1,088 shares during the period. Mutual of America Capital Management LLC’s holdings in PulteGroup were worth $3,357,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of PHM. Daiwa Securities Group Inc. raised its stake in shares of PulteGroup by 27.3% in the 1st quarter. Daiwa Securities Group Inc. now owns 25,098 shares of the construction company’s stock valued at $3,027,000 after buying an additional 5,380 shares in the last quarter. Quent Capital LLC boosted its stake in shares of PulteGroup by 16.1% in the 1st quarter. Quent Capital LLC now owns 2,808 shares of the construction company’s stock valued at $339,000 after purchasing an additional 390 shares during the last quarter. Fidelis Capital Partners LLC boosted its stake in shares of PulteGroup by 17.2% in the 1st quarter. Fidelis Capital Partners LLC now owns 3,340 shares of the construction company’s stock valued at $403,000 after purchasing an additional 490 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of PulteGroup by 130.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 388,298 shares of the construction company’s stock valued at $46,837,000 after purchasing an additional 219,609 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in shares of PulteGroup by 35.9% in the 1st quarter. BNP Paribas Financial Markets now owns 425,989 shares of the construction company’s stock valued at $51,383,000 after purchasing an additional 112,539 shares during the last quarter. 89.90% of the stock is owned by institutional investors.

PulteGroup Price Performance

PulteGroup stock opened at $113.84 on Friday. PulteGroup, Inc. has a 52-week low of $68.80 and a 52-week high of $122.72. The stock’s 50 day moving average price is $113.05 and its two-hundred day moving average price is $109.90. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market capitalization of $23.95 billion, a price-to-earnings ratio of 9.11, a PEG ratio of 0.48 and a beta of 1.61.

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

PulteGroup Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 2nd. Stockholders of record on Tuesday, June 18th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.70%. The ex-dividend date was Tuesday, June 18th. PulteGroup’s dividend payout ratio is presently 6.41%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on PHM. Royal Bank of Canada lifted their price objective on shares of PulteGroup from $106.00 to $113.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 24th. Zelman & Associates raised shares of PulteGroup from a “neutral” rating to an “outperform” rating in a research note on Wednesday, April 24th. StockNews.com raised shares of PulteGroup from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th. Barclays lifted their price objective on shares of PulteGroup from $126.00 to $136.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Finally, Oppenheimer raised their target price on shares of PulteGroup from $138.00 to $143.00 and gave the stock 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 company. According to MarketBeat.com, PulteGroup has an average rating of “Moderate Buy” and a consensus price target of $112.21.

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.