Raiffeisen Bank International AG Invests $741,000 in PulteGroup, Inc. (NYSE:PHM)

Raiffeisen Bank International AG acquired a new position in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 6,811 shares of the construction company's stock, valued at approximately $741,000.

Other institutional investors have also recently modified their holdings of the company. Wedmont Private Capital increased its position in PulteGroup by 3.7% during the fourth quarter. Wedmont Private Capital now owns 3,050 shares of the construction company's stock worth $328,000 after buying an additional 110 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its position in shares of PulteGroup by 41.5% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 3,433 shares of the construction company's stock valued at $374,000 after acquiring an additional 1,007 shares in the last quarter. Park Avenue Securities LLC boosted its stake in shares of PulteGroup by 16.5% during the fourth quarter. Park Avenue Securities LLC now owns 37,734 shares of the construction company's stock valued at $4,109,000 after acquiring an additional 5,332 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of PulteGroup by 41.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 444 shares of the construction company's stock valued at $48,000 after acquiring an additional 131 shares during the last quarter. Finally, Ritholtz Wealth Management increased its position in PulteGroup by 29.3% during the 4th quarter. Ritholtz Wealth Management now owns 73,807 shares of the construction company's stock worth $8,038,000 after purchasing an additional 16,746 shares in the last quarter. 89.90% of the stock is currently owned by institutional investors and hedge funds.

PulteGroup Trading Down 1.0%

PHM stock traded down $0.97 during trading on Thursday, reaching $98.13. 809,091 shares of the stock traded hands, compared to its average volume of 2,000,443. The firm has a market capitalization of $19.67 billion, a PE ratio of 6.68, a P/E/G ratio of 0.29 and a beta of 1.37. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.86 and a quick ratio of 0.86. The business's 50 day moving average price is $100.77 and its 200-day moving average price is $110.66. PulteGroup, Inc. has a 52-week low of $88.07 and a 52-week high of $149.47.

PulteGroup (NYSE:PHM - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The construction company reported $2.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.47 by $0.10. The business had revenue of $3.89 billion during the quarter, compared to analysts' expectations of $3.86 billion. PulteGroup had a return on equity of 24.43% and a net margin of 17.18%. During the same quarter in the previous year, the business earned $3.10 EPS. As a group, sell-side analysts forecast that PulteGroup, Inc. will post 12.32 earnings per share for the current year.

PulteGroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Tuesday, June 17th will be paid a dividend of $0.22 per share. The ex-dividend date is Tuesday, June 17th. This represents a $0.88 annualized dividend and a yield of 0.90%. PulteGroup's dividend payout ratio is currently 6.21%.

PulteGroup declared that its Board of Directors has approved a share buyback plan on Thursday, January 30th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the construction company to reacquire up to 6.2% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's management believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of research firms have issued reports on PHM. Barclays reduced their target price on shares of PulteGroup from $100.00 to $98.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 23rd. Royal Bank of Canada reduced their price objective on shares of PulteGroup from $116.00 to $109.00 and set a "sector perform" rating on the stock in a research note on Wednesday, April 23rd. Oppenheimer decreased their target price on shares of PulteGroup from $165.00 to $150.00 and set an "outperform" rating on the stock in a research report on Friday, January 31st. UBS Group cut their price target on PulteGroup from $151.00 to $141.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Finally, Bank of America reduced their price target on PulteGroup from $135.00 to $134.00 and set a "buy" rating on the stock in a research note on Monday, January 27th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, PulteGroup has a consensus rating of "Moderate Buy" and a consensus price target of $134.69.

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.