Diversified Trust Co Makes New $240,000 Investment in PulteGroup, Inc. (NYSE:PHM)

Diversified Trust Co acquired a new position in PulteGroup, Inc. (NYSE:PHM - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,332 shares of the construction company's stock, valued at approximately $240,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of PulteGroup in the 4th quarter valued at $427,562,000. Amundi raised its holdings in PulteGroup by 77.9% during the fourth quarter. Amundi now owns 1,636,562 shares of the construction company's stock valued at $180,775,000 after buying an additional 716,716 shares in the last quarter. Franklin Resources Inc. raised its holdings in PulteGroup by 6.1% during the fourth quarter. Franklin Resources Inc. now owns 11,937,866 shares of the construction company's stock valued at $1,300,034,000 after buying an additional 683,592 shares in the last quarter. Man Group plc lifted its position in shares of PulteGroup by 136.8% in the fourth 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 last quarter. Finally, Voloridge Investment Management LLC acquired a new stake in shares of PulteGroup in the fourth quarter worth about $47,133,000. 89.90% of the stock is currently owned by institutional investors and hedge funds.

PulteGroup Stock Performance

PulteGroup stock traded down $2.07 during trading hours on Friday, hitting $109.27. The stock had a trading volume of 1,616,063 shares, compared to its average volume of 2,027,601. The company has a 50-day moving average of $102.37 and a two-hundred day moving average of $104.81. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.13. PulteGroup, Inc. has a fifty-two week low of $88.07 and a fifty-two week high of $149.47. The company has a market cap of $21.90 billion, a PE ratio of 7.71, a price-to-earnings-growth ratio of 0.32 and a beta of 1.29.

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. PulteGroup had a net margin of 16.45% and a return on equity of 22.86%. The firm had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.86 billion. During the same quarter in the prior year, the business posted $3.10 earnings per share. On average, equities research analysts anticipate that PulteGroup, Inc. will post 12.32 EPS for the current fiscal year.

PulteGroup Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 2nd. Investors of record on Tuesday, June 17th were issued a dividend of $0.22 per share. The ex-dividend date was Tuesday, June 17th. This represents a $0.88 dividend on an annualized basis and a yield of 0.81%. PulteGroup's dividend payout ratio is 6.21%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Seaport Res Ptn raised PulteGroup from a "strong sell" rating to a "hold" rating in a report on Thursday, March 6th. Wells Fargo & Company lowered their price target on PulteGroup from $140.00 to $120.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. UBS Group decreased their price objective on shares of PulteGroup from $151.00 to $141.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Evercore ISI lifted their target price on shares of PulteGroup from $161.00 to $165.00 and gave the stock an "outperform" rating in a report on Wednesday, April 23rd. Finally, Wedbush restated an "outperform" rating and set a $135.00 price target on shares of PulteGroup in a report on Tuesday, April 22nd. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $134.69.

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.