Clarius Group LLC Grows Holdings in PulteGroup, Inc. (NYSE:PHM)

Clarius Group LLC boosted its position in PulteGroup, Inc. (NYSE:PHM - Free Report) by 93.0% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 13,310 shares of the construction company's stock after purchasing an additional 6,413 shares during the period. Clarius Group LLC's holdings in PulteGroup were worth $1,368,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Meridian Wealth Management LLC grew its holdings in shares of PulteGroup by 0.7% in the fourth quarter. Meridian Wealth Management LLC now owns 13,224 shares of the construction company's stock valued at $1,440,000 after acquiring an additional 95 shares in the last quarter. Fidelis Capital Partners LLC lifted its holdings in PulteGroup by 2.4% during the fourth quarter. Fidelis Capital Partners LLC now owns 4,384 shares of the construction company's stock worth $479,000 after acquiring an additional 103 shares during the period. TD Waterhouse Canada Inc. boosted 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 worth $38,000 after purchasing an additional 105 shares during the last quarter. NDVR Inc. grew its stake in PulteGroup by 6.0% in the 4th quarter. NDVR Inc. now owns 1,984 shares of the construction company's stock valued at $216,000 after purchasing an additional 112 shares during the period. Finally, Coppell Advisory Solutions LLC increased its position in shares of PulteGroup by 10.0% during the 4th quarter. Coppell Advisory Solutions LLC now owns 1,271 shares of the construction company's stock valued at $138,000 after purchasing an additional 116 shares during the last quarter. Hedge funds and other institutional investors own 89.90% of the company's stock.

PulteGroup Trading Down 3.6%

NYSE:PHM opened at $98.71 on Wednesday. PulteGroup, Inc. has a 1 year low of $88.07 and a 1 year high of $149.47. The stock's fifty day moving average price is $100.29 and its two-hundred day moving average price is $106.41. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.80 and a quick ratio of 0.80. The company has a market cap of $19.78 billion, a P/E ratio of 6.96, a P/E/G ratio of 0.30 and a beta of 1.29.

PulteGroup (NYSE:PHM - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The construction company reported $2.57 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.86 billion. During the same period in the previous year, the company posted $3.10 EPS. As a group, analysts expect 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 Wednesday, July 2nd. Stockholders of record on Tuesday, June 17th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date is Tuesday, June 17th. PulteGroup's payout ratio is 6.21%.

Wall Street Analyst Weigh In

PHM has been the topic of a number of research analyst reports. Barclays cut their price target on shares of PulteGroup from $100.00 to $98.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 23rd. Seaport Res Ptn upgraded shares of PulteGroup from a "strong sell" rating to a "hold" rating in a research note on Thursday, March 6th. Wells Fargo & Company reduced their target price on shares of PulteGroup from $140.00 to $120.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Royal Bank Of Canada lowered their price target on shares of PulteGroup from $116.00 to $109.00 and set a "sector perform" rating on the stock in a report on Wednesday, April 23rd. Finally, Wedbush reiterated an "outperform" rating and issued a $135.00 price objective on shares of PulteGroup in a research note on Tuesday, April 22nd. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $134.69.

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.

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