Harbor Capital Advisors Inc. Has $496,000 Position in PulteGroup, Inc. (NYSE:PHM)

Harbor Capital Advisors Inc. boosted its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 3.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,559 shares of the construction company’s stock after purchasing an additional 143 shares during the period. Harbor Capital Advisors Inc.’s holdings in PulteGroup were worth $496,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Franklin Resources Inc. increased its holdings in PulteGroup by 5.5% in the third quarter. Franklin Resources Inc. now owns 11,254,274 shares of the construction company’s stock worth $1,647,364,000 after buying an additional 585,735 shares during the last quarter. FMR LLC boosted its stake in shares of PulteGroup by 102.3% during the 3rd quarter. FMR LLC now owns 9,040,828 shares of the construction company’s stock worth $1,297,630,000 after acquiring an additional 4,571,757 shares in the last quarter. Greenhaven Associates Inc. increased its holdings in shares of PulteGroup by 0.3% during the 3rd quarter. Greenhaven Associates Inc. now owns 5,593,179 shares of the construction company’s stock valued at $802,789,000 after acquiring an additional 16,871 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of PulteGroup by 8.6% in the 2nd quarter. Pacer Advisors Inc. now owns 2,968,788 shares of the construction company’s stock valued at $326,864,000 after acquiring an additional 235,826 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in PulteGroup by 7.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,864,040 shares of the construction company’s stock worth $267,546,000 after purchasing an additional 135,391 shares during the last quarter. Institutional investors and hedge funds own 89.90% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Citigroup lowered their price target on PulteGroup from $146.00 to $119.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. 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. UBS Group upgraded shares of PulteGroup from a “neutral” rating to a “buy” rating and decreased their price target for the company from $154.00 to $148.00 in a report on Wednesday, January 8th. The Goldman Sachs Group dropped their price objective on PulteGroup from $140.00 to $124.00 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, Wedbush upgraded PulteGroup from a “neutral” rating to an “outperform” rating and set a $135.00 target price for the company in a research note on Friday, January 3rd. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $145.21.

PulteGroup Price Performance

Shares of NYSE:PHM opened at $112.30 on Wednesday. The firm has a market capitalization of $23.03 billion, a PE ratio of 8.28, a PEG ratio of 0.48 and a beta of 1.67. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.14. PulteGroup, Inc. has a 1-year low of $100.24 and a 1-year high of $149.47. The business’s 50 day moving average is $121.20 and its 200-day moving average is $126.93.

PulteGroup (NYSE:PHM) last posted its quarterly earnings results on Tuesday, October 22nd. The construction company reported $3.35 earnings per share for the quarter, topping analysts’ consensus estimates of $3.10 by $0.25. PulteGroup had a net margin of 16.64% and a return on equity of 25.30%. The firm had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.27 billion. During the same quarter in the previous year, the company earned $2.90 earnings per share. The business’s revenue was up 11.8% compared to the same quarter last year. Sell-side analysts predict that PulteGroup, Inc. will post 12.94 earnings per share for the current year.

PulteGroup Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Tuesday, December 17th were paid a $0.22 dividend. The ex-dividend date was Tuesday, December 17th. This represents a $0.88 dividend on an annualized basis and a yield of 0.78%. This is a boost from PulteGroup’s previous quarterly dividend of $0.20. PulteGroup’s payout ratio is presently 6.49%.

PulteGroup Company 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.