3,110 Shares in PulteGroup, Inc. (NYSE:PHM) Bought by Optas LLC

Optas LLC acquired a new stake in PulteGroup, Inc. (NYSE:PHM - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 3,110 shares of the construction company's stock, valued at approximately $320,000.

A number of other hedge funds and other institutional investors have also modified their holdings of PHM. Avestar Capital LLC boosted its stake in shares of PulteGroup by 8.3% during the 4th quarter. Avestar Capital LLC now owns 2,329 shares of the construction company's stock worth $254,000 after acquiring an additional 178 shares during the period. Quantum Private Wealth LLC boosted its position in PulteGroup by 11.6% during the fourth quarter. Quantum Private Wealth LLC now owns 3,358 shares of the construction company's stock worth $366,000 after purchasing an additional 350 shares during the period. Principal Securities Inc. increased its holdings in shares of PulteGroup by 3.1% in the fourth quarter. Principal Securities Inc. now owns 12,790 shares of the construction company's stock valued at $1,393,000 after purchasing an additional 379 shares during the last quarter. Allworth Financial LP raised its position in shares of PulteGroup by 87.9% in the fourth quarter. Allworth Financial LP now owns 2,509 shares of the construction company's stock valued at $293,000 after purchasing an additional 1,174 shares during the period. Finally, Sheaff Brock Investment Advisors LLC lifted its stake in shares of PulteGroup by 273.0% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 6,900 shares of the construction company's stock worth $751,000 after buying an additional 5,050 shares during the last quarter. Institutional investors and hedge funds own 89.90% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PHM. Evercore ISI lifted their price target on PulteGroup from $161.00 to $165.00 and gave the stock an "outperform" rating in a report on Wednesday, April 23rd. Wells Fargo & Company decreased their target price on shares of PulteGroup from $140.00 to $120.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Wedbush reiterated an "outperform" rating and issued a $135.00 price target on shares of PulteGroup in a research report on Tuesday, April 22nd. Seaport Res Ptn raised PulteGroup from a "strong sell" rating to a "hold" rating in a research report on Thursday, March 6th. Finally, UBS Group dropped their price objective on PulteGroup from $151.00 to $141.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $134.69.

PulteGroup Stock Performance

NYSE PHM opened at $101.43 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market capitalization of $20.33 billion, a PE ratio of 6.89, a price-to-earnings-growth ratio of 0.29 and a beta of 1.29. PulteGroup, Inc. has a 52-week low of $88.07 and a 52-week high of $149.47. The company has a 50-day simple moving average of $100.04 and a 200 day simple moving average of $106.69.

PulteGroup (NYSE:PHM - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The construction company reported $2.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.47 by $0.10. PulteGroup had a return on equity of 24.43% and a net margin of 17.18%. The business had revenue of $3.89 billion for the quarter, compared to analysts' expectations of $3.86 billion. During the same period in the previous year, the business posted $3.10 EPS. On average, research analysts predict that PulteGroup, Inc. will post 12.32 EPS for the current year.

PulteGroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Tuesday, June 17th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $0.88 annualized dividend and a yield of 0.87%. PulteGroup's dividend payout ratio is currently 6.21%.

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.

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