6,850 Shares in PulteGroup, Inc. $PHM Acquired by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd acquired 6,850 shares of PulteGroup, Inc. valued at approximately $704,000, indicating increased institutional interest in the company.
• PulteGroup reported earnings of $3.03 per share for the last quarter, surpassing analyst expectations, despite a 4.3% year-over-year revenue decline.
• The company declared a quarterly dividend of $0.22 per share, with a yield of 0.6%, reflecting strong financial positioning with a low payout ratio of 6.58%.

Dynamic Technology Lab Private Ltd acquired a new position in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,850 shares of the construction company's stock, valued at approximately $704,000.

Other large investors have also recently bought and sold shares of the company. WPG Advisers LLC bought a new position in PulteGroup in the first quarter valued at about $25,000. Ameriflex Group Inc. acquired a new stake in shares of PulteGroup in the fourth quarter valued at about $37,000. American National Bank & Trust acquired a new stake in shares of PulteGroup in the first quarter valued at about $39,000. Catalyst Capital Advisors LLC acquired a new stake in shares of PulteGroup in the first quarter valued at about $54,000. Finally, Quarry LP increased its stake in shares of PulteGroup by 43.8% in the first quarter. Quarry LP now owns 571 shares of the construction company's stock valued at $59,000 after buying an additional 174 shares during the period. 89.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on PHM. Raymond James Financial reissued an "outperform" rating and issued a $140.00 price target (up previously from $115.00) on shares of PulteGroup in a research note on Wednesday, July 23rd. Wedbush reaffirmed an "outperform" rating and set a $150.00 target price on shares of PulteGroup in a research note on Wednesday, August 13th. Zacks Research raised PulteGroup from a "strong sell" rating to a "hold" rating in a research note on Friday, August 29th. JPMorgan Chase & Co. raised their price objective on PulteGroup from $121.00 to $123.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Finally, Royal Bank Of Canada raised their target price on PulteGroup from $109.00 to $112.00 and gave the company a "sector perform" rating in a report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $136.46.

PulteGroup Price Performance

PulteGroup stock traded down $1.51 during midday trading on Friday, hitting $137.15. 1,266,161 shares of the company's stock were exchanged, compared to its average volume of 1,902,088. PulteGroup, Inc. has a 52-week low of $88.07 and a 52-week high of $149.47. The stock has a 50-day moving average price of $123.37 and a two-hundred day moving average price of $109.25. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 0.77. The company has a market cap of $27.06 billion, a P/E ratio of 10.25, a PEG ratio of 0.41 and a beta of 1.27.

PulteGroup (NYSE:PHM - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.03 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $4.42 billion. During the same quarter in the previous year, the company posted $3.83 earnings per share. The company's revenue was down 4.3% compared to the same quarter last year. On average, equities research analysts forecast that PulteGroup, Inc. will post 12.32 earnings per share for the current year.

PulteGroup Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Tuesday, September 16th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, September 16th. PulteGroup's payout ratio is 6.58%.

PulteGroup Company 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.