Affinity Investment Advisors LLC grew its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 2.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 220,693 shares of the construction company’s stock after acquiring an additional 6,040 shares during the period. Affinity Investment Advisors LLC owned 0.08% of PulteGroup worth $5,736,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of PHM. LSV Asset Management lifted its position in shares of PulteGroup by 121.7% during the third quarter. LSV Asset Management now owns 8,122,687 shares of the construction company’s stock worth $201,198,000 after acquiring an additional 4,459,360 shares in the last quarter. Vanguard Group Inc increased its holdings in shares of PulteGroup by 8.5% in the third quarter. Vanguard Group Inc now owns 30,373,220 shares of the construction company’s stock worth $752,345,000 after purchasing an additional 2,378,937 shares during the period. American Century Companies Inc. increased its holdings in shares of PulteGroup by 53.9% in the third quarter. American Century Companies Inc. now owns 6,096,979 shares of the construction company’s stock worth $151,022,000 after purchasing an additional 2,136,034 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of PulteGroup by 26.5% in the third quarter. Bank of New York Mellon Corp now owns 8,749,795 shares of the construction company’s stock worth $216,733,000 after purchasing an additional 1,834,260 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of PulteGroup by 163.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,517,431 shares of the construction company’s stock worth $37,586,000 after purchasing an additional 942,057 shares during the period. Hedge funds and other institutional investors own 88.49% of the company’s stock.
PHM has been the topic of several research analyst reports. Deutsche Bank reaffirmed a “hold” rating and issued a $24.00 price target (down previously from $34.00) on shares of PulteGroup in a report on Monday, October 22nd. BTIG Research raised shares of PulteGroup from a “sell” rating to a “neutral” rating and set a $24.00 price target on the stock in a report on Wednesday, October 24th. Royal Bank of Canada cut shares of PulteGroup from a “sector perform” rating to an “underperform” rating and set a $25.00 price target on the stock. in a report on Friday, January 11th. They noted that the move was a valuation call. Bank of America cut shares of PulteGroup from a “buy” rating to a “neutral” rating and set a $28.00 price target on the stock. in a report on Thursday, October 18th. Finally, Evercore ISI raised shares of PulteGroup to an “outperform” rating and decreased their price target for the stock from $29.00 to $28.00 in a report on Thursday, October 25th. They noted that the move was a valuation call. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. PulteGroup currently has an average rating of “Hold” and a consensus price target of $28.36.
PHM opened at $26.50 on Tuesday. The firm has a market capitalization of $7.37 billion, a P/E ratio of 7.38, a PEG ratio of 1.23 and a beta of 0.81. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.63. PulteGroup, Inc. has a 52 week low of $20.64 and a 52 week high of $33.04.
PulteGroup (NYSE:PHM) last released its earnings results on Tuesday, January 29th. The construction company reported $1.11 EPS for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.02. The business had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.90 billion. PulteGroup had a return on equity of 22.51% and a net margin of 10.03%. The firm’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.85 earnings per share. As a group, sell-side analysts anticipate that PulteGroup, Inc. will post 3.19 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 3rd. Investors of record on Friday, March 15th will be paid a $0.11 dividend. The ex-dividend date is Thursday, March 14th. This represents a $0.44 dividend on an annualized basis and a yield of 1.66%. PulteGroup’s dividend payout ratio is presently 12.26%.
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PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. The company is involved in the acquisition and development of land primarily for residential purposes; and the construction of housing on such land. It offers various home designs, including single-family detached, townhouses, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, and John Wieland Homes and Neighborhoods names.
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