Edgestream Partners L.P. increased its position in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 2,687.0% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 77,310 shares of the construction company's stock after purchasing an additional 74,536 shares during the quarter. Edgestream Partners L.P.'s holdings in PulteGroup were worth $7,947,000 as of its most recent filing with the SEC.
Other large investors have also recently made changes to their positions in the company. Ameriflex Group Inc. purchased a new stake in shares of PulteGroup during the fourth quarter worth approximately $37,000. TD Waterhouse Canada Inc. increased its position in shares of PulteGroup by 43.0% during 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 in the last quarter. American National Bank & Trust purchased a new stake in shares of PulteGroup during the first quarter worth approximately $39,000. Quarry LP purchased a new stake in shares of PulteGroup during the fourth quarter worth approximately $43,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in shares of PulteGroup during the first quarter worth approximately $54,000. 89.90% of the stock is currently owned by hedge funds and other institutional investors.
PulteGroup Trading Up 0.1%
Shares of NYSE PHM traded up $0.13 during mid-day trading on Thursday, reaching $109.42. 2,120,035 shares of the company's stock were exchanged, compared to its average volume of 2,042,361. The firm has a market capitalization of $21.93 billion, a price-to-earnings ratio of 7.72, a PEG ratio of 0.32 and a beta of 1.29. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 0.80. PulteGroup, Inc. has a 52-week low of $88.07 and a 52-week high of $149.47. The company's 50-day moving average is $104.07 and its 200-day moving average is $104.83.
PulteGroup (NYSE:PHM - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The construction company reported $2.57 earnings per share for the quarter, topping analysts' consensus estimates of $2.47 by $0.10. The business had revenue of $3.89 billion during the quarter, compared to analysts' expectations of $3.86 billion. PulteGroup had a return on equity of 22.86% and a net margin of 16.45%. During the same period in the prior year, the business posted $3.10 EPS. Analysts expect 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. Stockholders of record on Tuesday, June 17th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date was Tuesday, June 17th. PulteGroup's dividend payout ratio is presently 6.21%.
Analyst Upgrades and Downgrades
Several analysts have issued reports on the company. Barclays dropped their target price on PulteGroup from $100.00 to $98.00 and set an "equal weight" rating for the company in a report on Wednesday, April 23rd. Evercore ISI upped their target price on PulteGroup from $161.00 to $165.00 and gave the company an "outperform" rating in a report on Wednesday, April 23rd. Wells Fargo & Company upped their target price on PulteGroup from $120.00 to $125.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Wedbush restated an "outperform" rating and issued a $135.00 target price on shares of PulteGroup in a report on Tuesday, April 22nd. Finally, UBS Group dropped their target price on PulteGroup from $151.00 to $141.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $133.69.
Check Out Our Latest Stock Analysis on PHM
About PulteGroup
(
Free Report)
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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