PulteGroup, Inc. (NYSE:PHM) Shares Purchased by Aaron Wealth Advisors LLC

Aaron Wealth Advisors LLC boosted its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 7.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 2,151 shares of the construction company’s stock after acquiring an additional 145 shares during the period. Aaron Wealth Advisors LLC’s holdings in PulteGroup were worth $234,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PHM. FMR LLC increased its stake in shares of PulteGroup by 102.3% during the third quarter. FMR LLC now owns 9,040,828 shares of the construction company’s stock worth $1,297,630,000 after purchasing an additional 4,571,757 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of PulteGroup by 5.5% during the third quarter. Franklin Resources Inc. now owns 11,254,274 shares of the construction company’s stock valued at $1,647,364,000 after acquiring an additional 585,735 shares during the last quarter. Westfield Capital Management Co. LP purchased a new position in shares of PulteGroup in the third quarter valued at approximately $66,485,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of PulteGroup by 357.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 521,958 shares of the construction company’s stock valued at $74,917,000 after acquiring an additional 407,764 shares in the last quarter. Finally, KBC Group NV increased its position in shares of PulteGroup by 1,020.0% during the third quarter. KBC Group NV now owns 435,925 shares of the construction company’s stock worth $62,568,000 after purchasing an additional 397,003 shares in the last quarter. 89.90% of the stock is owned by hedge funds and other institutional investors.

PulteGroup Stock Down 1.1 %

PulteGroup stock opened at $115.76 on Wednesday. The company has a market capitalization of $23.74 billion, a PE ratio of 8.54, a price-to-earnings-growth ratio of 0.46 and a beta of 1.67. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.73 and a current ratio of 0.73. PulteGroup, Inc. has a fifty-two week low of $100.24 and a fifty-two week high of $149.47. The firm has a 50 day moving average price of $120.01 and a 200 day moving average price of $127.25.

PulteGroup (NYSE:PHM) last issued its quarterly earnings data on Tuesday, October 22nd. The construction company reported $3.35 earnings per share for the quarter, beating analysts’ consensus estimates of $3.10 by $0.25. PulteGroup had a return on equity of 25.30% and a net margin of 16.64%. The business had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.27 billion. During the same period in the previous year, the firm posted $2.90 earnings per share. The company’s revenue was up 11.8% on a year-over-year basis. Research analysts expect that PulteGroup, Inc. will post 12.96 earnings per share for the current year.

PulteGroup Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Tuesday, December 17th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This is a positive change from PulteGroup’s previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a yield of 0.76%. PulteGroup’s dividend payout ratio is 6.49%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on PHM shares. Barclays decreased their price objective on PulteGroup from $140.00 to $125.00 and set an “equal weight” rating on the stock in a report on Thursday, January 16th. Oppenheimer lowered their price target on shares of PulteGroup from $168.00 to $165.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. The Goldman Sachs Group cut their price objective on shares of PulteGroup from $140.00 to $124.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. StockNews.com lowered PulteGroup from a “buy” rating to a “hold” rating in a research report on Wednesday, December 11th. Finally, UBS Group upgraded PulteGroup from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $154.00 to $148.00 in a research report on Wednesday, January 8th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $144.14.

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.