Concurrent Investment Advisors LLC Purchases 3,831 Shares of PulteGroup, Inc. (NYSE:PHM)

Concurrent Investment Advisors LLC increased its stake in PulteGroup, Inc. (NYSE:PHM - Free Report) by 87.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,212 shares of the construction company's stock after purchasing an additional 3,831 shares during the quarter. Concurrent Investment Advisors LLC's holdings in PulteGroup were worth $844,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Catalyst Capital Advisors LLC acquired a new stake in PulteGroup in the 1st quarter valued at about $54,000. IFM Investors Pty Ltd increased its holdings in shares of PulteGroup by 9.0% in the 1st quarter. IFM Investors Pty Ltd now owns 52,939 shares of the construction company's stock valued at $5,442,000 after purchasing an additional 4,382 shares during the period. OneDigital Investment Advisors LLC increased its holdings in shares of PulteGroup by 14.6% in the 1st quarter. OneDigital Investment Advisors LLC now owns 3,321 shares of the construction company's stock valued at $341,000 after purchasing an additional 424 shares during the period. Palisade Capital Management LP increased its holdings in PulteGroup by 4.2% in the first quarter. Palisade Capital Management LP now owns 22,393 shares of the construction company's stock worth $2,302,000 after buying an additional 911 shares during the last quarter. Finally, Aaron Wealth Advisors LLC increased its holdings in PulteGroup by 55.8% in the first quarter. Aaron Wealth Advisors LLC now owns 3,352 shares of the construction company's stock worth $345,000 after buying an additional 1,201 shares during the last quarter. Institutional investors and hedge funds own 89.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on PHM. Barclays dropped their price objective on PulteGroup from $100.00 to $98.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 23rd. UBS Group decreased their target price on PulteGroup from $151.00 to $141.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Evercore ISI increased their price objective on PulteGroup from $161.00 to $165.00 and gave the company an "outperform" rating in a research report on Wednesday, April 23rd. Wedbush reissued an "outperform" rating and issued a $135.00 price objective on shares of PulteGroup in a research report on Tuesday, April 22nd. Finally, Royal Bank Of Canada reduced their price objective on PulteGroup from $116.00 to $109.00 and set a "sector perform" rating for the company in a research report on Wednesday, April 23rd. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, PulteGroup presently has an average rating of "Moderate Buy" and a consensus price target of $135.08.

PulteGroup Price Performance

PulteGroup stock traded down $0.89 during mid-day trading on Friday, hitting $114.29. 2,650,443 shares of the company were exchanged, compared to its average volume of 2,042,802. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.13. The business has a fifty day moving average of $103.47 and a 200 day moving average of $104.83. PulteGroup, Inc. has a 1-year low of $88.07 and a 1-year high of $149.47. The company has a market capitalization of $22.91 billion, a PE ratio of 8.06, a price-to-earnings-growth ratio of 0.33 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, topping the consensus estimate 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 in the prior year, the company posted $3.10 earnings per share. As a group, sell-side analysts expect that PulteGroup, Inc. will post 12.32 earnings per share for the current year.

PulteGroup Announces Dividend

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 $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 dividend yield of 0.77%. PulteGroup's dividend payout ratio (DPR) is presently 6.21%.

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.