PulteGroup, Inc. (NYSE:PHM) Stock Position Raised by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd increased its position in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 219.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,039,107 shares of the construction company's stock after purchasing an additional 713,534 shares during the quarter. AustralianSuper Pty Ltd owned 0.52% of PulteGroup worth $106,820,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in PHM. Norges Bank acquired a new stake in PulteGroup in the fourth quarter worth $427,562,000. Franklin Resources Inc. increased its holdings in shares of PulteGroup by 6.1% during the fourth quarter. Franklin Resources Inc. now owns 11,937,866 shares of the construction company's stock valued at $1,300,034,000 after purchasing an additional 683,592 shares during the period. Man Group plc increased its holdings in shares of PulteGroup by 136.8% during the fourth quarter. Man Group plc now owns 988,963 shares of the construction company's stock valued at $107,698,000 after purchasing an additional 571,251 shares during the period. Voloridge Investment Management LLC acquired a new position in shares of PulteGroup during the fourth quarter valued at $47,133,000. Finally, Bridgewater Associates LP increased its holdings in shares of PulteGroup by 118.8% during the fourth quarter. Bridgewater Associates LP now owns 783,581 shares of the construction company's stock valued at $85,332,000 after purchasing an additional 425,492 shares during the period. 89.90% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PHM has been the topic of a number of research analyst reports. Royal Bank Of Canada lowered their price target on PulteGroup from $116.00 to $109.00 and set a "sector perform" rating on the stock in a report on Wednesday, April 23rd. Oppenheimer reissued an "outperform" rating and set a $132.00 price target (up from $125.00) on shares of PulteGroup in a report on Tuesday, July 15th. Barclays lowered their price target on PulteGroup from $100.00 to $98.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 23rd. Evercore ISI raised their price target on PulteGroup from $161.00 to $165.00 and gave the company an "outperform" rating in a report on Wednesday, April 23rd. Finally, Wells Fargo & Company raised their price target on PulteGroup from $120.00 to $125.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $133.69.

PulteGroup Trading Down 0.5%

Shares of NYSE:PHM traded down $0.56 during midday trading on Friday, reaching $108.72. The company had a trading volume of 1,941,121 shares, compared to its average volume of 2,036,847. 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 1-year low of $88.07 and a 1-year high of $149.47. The firm has a market cap of $21.79 billion, a price-to-earnings ratio of 7.67, a price-to-earnings-growth ratio of 0.32 and a beta of 1.29. The company has a fifty day simple moving average of $104.20 and a two-hundred day simple moving average of $104.80.

PulteGroup (NYSE:PHM - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The construction company reported $2.57 EPS for the quarter, topping analysts' consensus estimates of $2.47 by $0.10. PulteGroup had a return on equity of 22.86% and a net margin of 16.45%. The firm had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.86 billion. During the same period last year, the company posted $3.10 EPS. Research analysts predict that PulteGroup, Inc. will post 12.32 earnings per share for the current year.

PulteGroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 2nd. Shareholders of record on Tuesday, June 17th were given a dividend of $0.22 per share. The ex-dividend date was Tuesday, June 17th. This represents a $0.88 dividend on an annualized basis and a yield of 0.81%. PulteGroup's payout ratio is presently 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.