4,539 Shares in PulteGroup, Inc. $PHM Acquired by United Services Automobile Association

Key Points

• United Services Automobile Association acquired 4,539 shares of PulteGroup, valued at approximately $462,000, marking a new position in the company.
• Analysts have generally upgraded PulteGroup's stock ratings, with an average target price set at $136.46 and multiple firms issuing recommendations ranging from "buy" to "strong buy."
• PulteGroup recently declared a quarterly dividend of $0.22 per share, representing an annual yield of 0.6% and a low dividend payout ratio of 6.58%.

United Services Automobile Association bought a new position in PulteGroup, Inc. (NYSE:PHM - Free Report) in the first quarter, according to its most recent filing with the SEC. The firm bought 4,539 shares of the construction company's stock, valued at approximately $462,000.

A number of other institutional investors also recently bought and sold shares of the stock. Tocqueville Asset Management L.P. boosted its stake in PulteGroup by 2.0% in the 1st quarter. Tocqueville Asset Management L.P. now owns 5,062 shares of the construction company's stock worth $520,000 after purchasing an additional 100 shares in the last quarter. Golden State Wealth Management LLC boosted its stake in PulteGroup by 15.9% in the 1st quarter. Golden State Wealth Management LLC now owns 909 shares of the construction company's stock worth $93,000 after purchasing an additional 125 shares in the last quarter. Signaturefd LLC boosted its stake in PulteGroup by 1.9% in the 1st quarter. Signaturefd LLC now owns 6,644 shares of the construction company's stock worth $683,000 after purchasing an additional 127 shares in the last quarter. McGlone Suttner Wealth Management Inc. boosted its stake in PulteGroup by 6.3% in the 1st quarter. McGlone Suttner Wealth Management Inc. now owns 2,234 shares of the construction company's stock worth $230,000 after purchasing an additional 133 shares in the last quarter. Finally, Kathmere Capital Management LLC boosted its stake in PulteGroup by 2.8% in the 1st quarter. Kathmere Capital Management LLC now owns 5,202 shares of the construction company's stock worth $535,000 after purchasing an additional 140 shares in the last quarter. 89.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Zacks Research raised shares of PulteGroup from a "strong sell" rating to a "hold" rating in a research report on Friday, August 29th. Citigroup raised their price target on shares of PulteGroup from $128.00 to $132.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Oppenheimer raised their price target on shares of PulteGroup from $132.00 to $140.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 23rd. Raymond James Financial reissued an "outperform" rating and set a $140.00 price target (up from $115.00) on shares of PulteGroup in a research report on Wednesday, July 23rd. Finally, Seaport Res Ptn raised shares of PulteGroup from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $136.46.

PulteGroup Stock Down 0.9%

PHM stock opened at $135.49 on Thursday. The firm has a market cap of $26.73 billion, a PE ratio of 10.13, a P/E/G ratio of 0.40 and a beta of 1.27. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 0.77. The firm's fifty day moving average is $122.22 and its 200 day moving average is $108.78. PulteGroup, Inc. has a one year low of $88.07 and a one year high of $149.47.

PulteGroup (NYSE:PHM - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.03 EPS for the quarter, beating the consensus estimate of $2.92 by $0.11. The company had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.42 billion. PulteGroup had a net margin of 15.50% and a return on equity of 21.01%. The firm's revenue was down 4.3% on a year-over-year basis. During the same quarter last year, the business earned $3.83 earnings per share. On average, research analysts forecast that PulteGroup, Inc. will post 12.32 EPS for the current year.

PulteGroup Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Tuesday, September 16th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.6%. The ex-dividend date is Tuesday, September 16th. PulteGroup's dividend payout ratio (DPR) is currently 6.58%.

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.

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