Allium Financial Advisors LLC Makes New Investment in PulteGroup, Inc. (NYSE:PHM)

Key Points

• Allium Financial Advisors LLC has acquired a new position in PulteGroup, purchasing 4,186 shares valued at approximately $430,000 during the first quarter.
• PulteGroup recently reported a $3.03 earnings per share (EPS) for the quarter, exceeding analysts' expectations, despite a 4.3% decline in quarterly revenue compared to the previous year.
• The construction company's dividend yield stands at 0.76%, with a recently declared quarterly dividend of $0.22 per share, indicating a low 6.58% dividend payout ratio.

Allium Financial Advisors LLC purchased a new position in PulteGroup, Inc. (NYSE:PHM - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,186 shares of the construction company's stock, valued at approximately $430,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PHM. Franklin Resources Inc. raised its position in shares of PulteGroup by 6.1% in the 4th quarter. Franklin Resources Inc. now owns 11,937,866 shares of the construction company's stock worth $1,300,034,000 after acquiring an additional 683,592 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of PulteGroup by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 5,120,878 shares of the construction company's stock valued at $556,465,000 after buying an additional 64,947 shares during the last quarter. Norges Bank purchased a new stake in shares of PulteGroup during the fourth quarter valued at about $427,562,000. Northern Trust Corp grew its position in shares of PulteGroup by 14.9% in the 4th quarter. Northern Trust Corp now owns 2,425,941 shares of the construction company's stock worth $264,185,000 after buying an additional 315,148 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of PulteGroup by 9.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,033,776 shares of the construction company's stock worth $221,478,000 after acquiring an additional 169,736 shares in the last quarter. 89.90% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PHM has been the subject of several recent analyst reports. Wedbush restated an "outperform" rating and issued a $135.00 target price on shares of PulteGroup in a research note on Tuesday, April 22nd. Royal Bank Of Canada boosted their target price on PulteGroup from $109.00 to $112.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 23rd. Evercore ISI increased their price target on PulteGroup from $161.00 to $165.00 and gave the company an "outperform" rating in a research note on Wednesday, April 23rd. Wells Fargo & Company boosted their price target on PulteGroup from $125.00 to $135.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Finally, Seaport Res Ptn upgraded shares of PulteGroup from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 22nd. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $134.15.

PulteGroup Stock Performance

Shares of PHM stock traded up $0.57 on Monday, hitting $116.92. The company had a trading volume of 1,569,080 shares, compared to its average volume of 2,366,847. PulteGroup, Inc. has a twelve month low of $88.07 and a twelve month high of $149.47. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.13. The firm has a market cap of $23.07 billion, a P/E ratio of 8.74, a price-to-earnings-growth ratio of 0.34 and a beta of 1.29. The company has a 50-day moving average price of $105.38 and a 200-day moving average price of $105.02.

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

PulteGroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 2nd. Shareholders of record on Tuesday, June 17th were issued a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $0.88 dividend on an annualized basis and a yield of 0.75%. PulteGroup's payout ratio is currently 6.58%.

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.