Czech National Bank Has $5.17 Million Stake in PulteGroup, Inc. $PHM

Key Points

• The Czech National Bank increased its stake in PulteGroup, Inc. by 5.4% during the second quarter, owning 48,991 shares valued at $5.17 million.
• PulteGroup received positive analyst attention with several upgrades, including a "strong-buy" rating from Seaport Res Ptn, raising its price target to $140.
• The company reported $3.03 EPS for the latest quarter, exceeding the consensus estimate of $2.92, despite a 4.3% decline in revenue year-over-year.

Czech National Bank grew its stake in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 5.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 48,991 shares of the construction company's stock after purchasing an additional 2,490 shares during the quarter. Czech National Bank's holdings in PulteGroup were worth $5,167,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Greenfield Savings Bank grew its position in shares of PulteGroup by 9.5% during the second quarter. Greenfield Savings Bank now owns 7,997 shares of the construction company's stock worth $843,000 after acquiring an additional 695 shares during the last quarter. AG2R LA Mondiale Gestion D Actifs purchased a new position in shares of PulteGroup during the first quarter worth approximately $785,000. Voya Investment Management LLC grew its position in shares of PulteGroup by 0.3% during the first quarter. Voya Investment Management LLC now owns 62,529 shares of the construction company's stock worth $6,428,000 after acquiring an additional 210 shares during the last quarter. First Hawaiian Bank grew its position in shares of PulteGroup by 37.2% during the first quarter. First Hawaiian Bank now owns 3,362 shares of the construction company's stock worth $346,000 after acquiring an additional 912 shares during the last quarter. Finally, Inspire Investing LLC grew its position in shares of PulteGroup by 143.7% during the first quarter. Inspire Investing LLC now owns 24,059 shares of the construction company's stock worth $2,473,000 after acquiring an additional 14,185 shares during the last quarter. Institutional investors and hedge funds own 89.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on PHM shares. Citigroup raised their target price on shares of PulteGroup from $128.00 to $132.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Wedbush reiterated an "outperform" rating and issued a $150.00 price objective on shares of PulteGroup in a research report on Wednesday, August 13th. Raymond James Financial reiterated an "outperform" rating and issued a $140.00 price objective (up from $115.00) on shares of PulteGroup in a research report on Wednesday, July 23rd. UBS Group lifted their price objective on shares of PulteGroup from $141.00 to $150.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Finally, Wells Fargo & Company lifted their price objective on shares of PulteGroup from $135.00 to $150.00 and gave the company an "overweight" rating in a research report on Tuesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, PulteGroup has an average rating of "Moderate Buy" and a consensus target price of $136.46.

PulteGroup Stock Performance

Shares of NYSE:PHM traded down $2.15 during trading on Friday, hitting $131.95. 5,783,612 shares of the stock were exchanged, compared to its average volume of 1,945,900. 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 $26.03 billion, a price-to-earnings ratio of 9.86, a price-to-earnings-growth ratio of 0.39 and a beta of 1.27. The company's fifty day simple moving average is $125.53 and its 200-day simple moving average is $110.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 0.77.

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

PulteGroup Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Tuesday, September 16th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Tuesday, September 16th. PulteGroup's payout ratio is 6.58%.

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.