3,548 Shares in PulteGroup, Inc. (NYSE:PHM) Acquired by True Vision MN LLC

True Vision MN LLC acquired a new stake in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 3,548 shares of the construction company's stock, valued at approximately $366,000.

A number of other institutional investors have also recently made changes to their positions in PHM. Ameriflex Group Inc. acquired a new stake in PulteGroup in the fourth quarter worth about $37,000. TD Waterhouse Canada Inc. boosted its stake in PulteGroup by 43.0% in the 4th quarter. TD Waterhouse Canada Inc. now owns 349 shares of the construction company's stock worth $38,000 after purchasing an additional 105 shares in the last quarter. American National Bank & Trust purchased a new stake in PulteGroup during the 1st quarter worth approximately $39,000. Quarry LP purchased a new position in shares of PulteGroup in the fourth quarter worth $43,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of PulteGroup during the first quarter worth $54,000. Institutional investors and hedge funds own 89.90% of the company's stock.

PulteGroup Price Performance

PHM traded down $0.89 during midday trading on Friday, hitting $114.29. 2,650,443 shares of the company traded hands, compared to its average volume of 2,042,802. The business has a 50 day simple moving average of $103.47 and a two-hundred day simple moving average of $104.83. PulteGroup, Inc. has a 52-week low of $88.07 and a 52-week high of $149.47. The company has a market capitalization of $22.91 billion, a price-to-earnings ratio of 8.06, a PEG ratio of 0.33 and a beta of 1.29. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13.

PulteGroup (NYSE:PHM - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The construction company reported $2.57 EPS for the quarter, beating 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 22.86% and a net margin of 16.45%. During the same quarter in the prior year, the firm earned $3.10 earnings per share. On average, equities analysts forecast that PulteGroup, Inc. will post 12.32 earnings per share for the current fiscal year.

PulteGroup Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Tuesday, June 17th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $0.88 annualized dividend and a dividend yield of 0.77%. PulteGroup's dividend payout ratio is presently 6.21%.

Analysts Set New Price Targets

PHM has been the subject of a number of research analyst reports. Barclays reduced their target price on PulteGroup from $100.00 to $98.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 23rd. Evercore ISI raised their price objective on PulteGroup from $161.00 to $165.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 23rd. Royal Bank Of Canada dropped their target price on PulteGroup from $116.00 to $109.00 and set a "sector perform" rating on the stock in a research report on Wednesday, April 23rd. Wedbush reissued an "outperform" rating and set a $135.00 price target on shares of PulteGroup in a research report on Tuesday, April 22nd. Finally, UBS Group reduced their target price on shares of 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 company. According to MarketBeat, PulteGroup has an average rating of "Moderate Buy" and a consensus target price of $135.08.

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.