PulteGroup, Inc. (NYSE:PHM) Stock Position Decreased by Csenge Advisory Group

Csenge Advisory Group lowered its holdings in PulteGroup, Inc. (NYSE:PHM) by 18.3% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,262 shares of the construction company’s stock after selling 1,852 shares during the period. Csenge Advisory Group’s holdings in PulteGroup were worth $997,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of PulteGroup in the 1st quarter worth approximately $26,000. Benjamin Edwards Inc. bought a new stake in PulteGroup in the first quarter valued at $26,000. Rakuten Securities Inc. acquired a new position in shares of PulteGroup during the fourth quarter valued at $37,000. Lindbrook Capital LLC grew its position in shares of PulteGroup by 335.6% during the fourth quarter. Lindbrook Capital LLC now owns 379 shares of the construction company’s stock worth $39,000 after acquiring an additional 292 shares during the last quarter. Finally, Security National Bank acquired a new stake in shares of PulteGroup in the 4th quarter worth about $40,000. 89.90% of the stock is currently owned by institutional investors and hedge funds.

PulteGroup Stock Up 6.2 %

NYSE PHM opened at $113.84 on Friday. PulteGroup, Inc. has a 12 month low of $68.80 and a 12 month high of $122.72. The company has a market capitalization of $23.95 billion, a P/E ratio of 9.11, a PEG ratio of 0.48 and a beta of 1.61. The company’s 50 day simple moving average is $113.05 and its 200 day simple moving average is $109.90. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.85 and a quick ratio of 0.85.

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

PulteGroup Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 2nd. Investors of record on Tuesday, June 18th were given a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, June 18th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.70%. PulteGroup’s dividend payout ratio (DPR) is 6.41%.

Wall Street Analyst Weigh In

Several research firms have commented on PHM. Raymond James restated an “outperform” rating and issued a $135.00 target price (up previously from $120.00) on shares of PulteGroup in a research report on Thursday, April 25th. StockNews.com raised PulteGroup from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th. Citigroup reduced their price target on PulteGroup from $129.00 to $117.00 and set a “neutral” rating for the company in a research report on Tuesday, July 2nd. Barclays raised their price target on PulteGroup from $126.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Finally, Royal Bank of Canada upped their price objective on shares of PulteGroup from $106.00 to $113.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 24th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $112.21.

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.