True Vision MN LLC Makes New Investment in PulteGroup, Inc. (NYSE:PHM)

True Vision MN LLC purchased a new position in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,548 shares of the construction company's stock, valued at approximately $366,000.

Several other institutional investors also recently added to or reduced their stakes in the company. Ameriflex Group Inc. purchased a new stake in shares of PulteGroup in the fourth quarter valued at approximately $37,000. TD Waterhouse Canada Inc. boosted its stake in shares of PulteGroup by 43.0% in the fourth quarter. TD Waterhouse Canada Inc. now owns 349 shares of the construction company's stock valued at $38,000 after buying an additional 105 shares in the last quarter. American National Bank & Trust purchased a new stake in shares of PulteGroup in the first quarter valued at approximately $39,000. Quarry LP purchased a new stake in shares of PulteGroup in the fourth quarter valued at approximately $43,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in shares of PulteGroup in the first quarter valued at approximately $54,000. Institutional investors and hedge funds own 89.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Evercore ISI boosted their target price on PulteGroup from $161.00 to $165.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 23rd. Wedbush reissued an "outperform" rating and issued a $135.00 price target on shares of PulteGroup in a report on Tuesday, April 22nd. Royal Bank Of Canada cut their price target on PulteGroup from $116.00 to $109.00 and set a "sector perform" rating for the company in a report on Wednesday, April 23rd. Wells Fargo & Company boosted their price target on PulteGroup from $120.00 to $125.00 and gave the stock an "overweight" rating in a report on Tuesday. Finally, 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. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $135.08.

PulteGroup Trading Up 1.3%

Shares of NYSE:PHM traded up $1.44 during trading on Thursday, reaching $115.21. 2,533,446 shares of the stock were exchanged, compared to its average volume of 2,042,703. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 0.80. PulteGroup, Inc. has a 12-month low of $88.07 and a 12-month high of $149.47. The firm has a market cap of $23.09 billion, a price-to-earnings ratio of 8.12, a price-to-earnings-growth ratio of 0.32 and a beta of 1.29. The firm's 50-day moving average price is $103.01 and its 200 day moving average price is $104.77.

PulteGroup (NYSE:PHM - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The construction company reported $2.57 earnings per share for the quarter, topping analysts' consensus estimates of $2.47 by $0.10. The firm had revenue of $3.89 billion during the quarter, compared to analysts' expectations of $3.86 billion. PulteGroup had a return on equity of 22.86% and a net margin of 16.45%. During the same quarter in the prior year, the business earned $3.10 EPS. On average, sell-side analysts anticipate that PulteGroup, Inc. will post 12.32 earnings per share for the current fiscal year.

PulteGroup Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 2nd. Shareholders of record on Tuesday, June 17th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend was Tuesday, June 17th. PulteGroup's payout ratio is 6.21%.

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.