Burney Co. Has $2.79 Million Stake in PulteGroup, Inc. (NYSE:PHM)

Burney Co. reduced its stake in PulteGroup, Inc. (NYSE:PHM - Free Report) by 72.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 27,109 shares of the construction company's stock after selling 70,608 shares during the quarter. Burney Co.'s holdings in PulteGroup were worth $2,787,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PHM. Norges Bank acquired a new stake in PulteGroup in the 4th quarter worth approximately $427,562,000. AustralianSuper Pty Ltd increased its position in PulteGroup by 219.2% in the 1st quarter. AustralianSuper Pty Ltd now owns 1,039,107 shares of the construction company's stock worth $106,820,000 after buying an additional 713,534 shares during the period. Franklin Resources Inc. increased its position in 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 buying an additional 683,592 shares during the period. Man Group plc increased its position in PulteGroup by 136.8% in the 4th quarter. Man Group plc now owns 988,963 shares of the construction company's stock worth $107,698,000 after buying an additional 571,251 shares during the period. Finally, Voloridge Investment Management LLC bought a new position in PulteGroup in the 4th quarter worth approximately $47,133,000. 89.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. UBS Group lifted their price target on PulteGroup from $141.00 to $150.00 and gave the stock a "buy" rating in a research report on Wednesday. JPMorgan Chase & Co. lifted their price objective on PulteGroup from $121.00 to $123.00 and gave the stock an "overweight" rating in a report on Wednesday. Seaport Res Ptn raised PulteGroup from a "hold" rating to a "strong-buy" rating in a report on Tuesday. Evercore ISI lifted their price objective on PulteGroup from $161.00 to $165.00 and gave the stock an "outperform" rating in a report on Wednesday, April 23rd. Finally, Royal Bank Of Canada lifted their price objective on PulteGroup from $109.00 to $112.00 and gave the stock a "sector perform" rating in a report on Wednesday. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $134.15.

PulteGroup Price Performance

PulteGroup stock traded up $0.42 on Friday, reaching $116.45. The company's stock had a trading volume of 1,414,992 shares, compared to its average volume of 2,200,423. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 0.77. PulteGroup, Inc. has a twelve month low of $88.07 and a twelve month high of $149.47. The company has a market cap of $22.98 billion, a price-to-earnings ratio of 8.70, a PEG ratio of 0.35 and a beta of 1.29. The business's fifty day moving average price is $105.14 and its 200 day moving average price is $105.03.

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

PulteGroup Announces Dividend

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