2,383 Shares in PulteGroup, Inc. (NYSE:PHM) Purchased by CFC Planning Co LLC

CFC Planning Co LLC purchased a new stake in PulteGroup, Inc. (NYSE:PHM - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,383 shares of the construction company's stock, valued at approximately $245,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Ameriflex Group Inc. acquired a new position in shares of PulteGroup in the 4th quarter valued at $37,000. TD Waterhouse Canada Inc. lifted its position in PulteGroup by 43.0% in the fourth quarter. TD Waterhouse Canada Inc. now owns 349 shares of the construction company's stock valued at $38,000 after acquiring an additional 105 shares during the last quarter. American National Bank & Trust acquired a new position in PulteGroup in the first quarter valued at $39,000. Quarry LP purchased a new position in shares of PulteGroup during the fourth quarter worth about $43,000. Finally, Catalyst Capital Advisors LLC purchased a new position in shares of PulteGroup during the first quarter worth about $54,000. 89.90% of the stock is currently owned by hedge funds and other institutional investors.

PulteGroup Stock Performance

PulteGroup stock traded down $0.89 during trading hours on Friday, reaching $114.29. 2,650,443 shares of the stock were exchanged, compared to its average volume of 2,042,802. PulteGroup, Inc. has a 52-week low of $88.07 and a 52-week high of $149.47. The stock has a market cap of $22.91 billion, a P/E ratio of 8.06, a P/E/G ratio of 0.33 and a beta of 1.29. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 0.80. The firm's 50 day moving average is $103.27 and its 200 day moving average is $104.81.

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

PulteGroup Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on PHM shares. Royal Bank Of Canada reduced their target price on PulteGroup from $116.00 to $109.00 and set a "sector perform" rating for the company in a report on Wednesday, April 23rd. Barclays reduced their price objective 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. UBS Group lowered their target price on shares of PulteGroup from $151.00 to $141.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Wedbush reaffirmed an "outperform" rating and issued a $135.00 target price on shares of PulteGroup in a report on Tuesday, April 22nd. Finally, Evercore ISI increased their price target on shares of PulteGroup from $161.00 to $165.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 23rd. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, PulteGroup currently has an average rating of "Moderate Buy" and an average price target of $135.08.

PulteGroup 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.