Fidelis Capital Partners LLC lifted its holdings in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 97.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,675 shares of the construction company's stock after acquiring an additional 4,291 shares during the quarter. Fidelis Capital Partners LLC's holdings in PulteGroup were worth $884,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ameriflex Group Inc. bought a new position in shares of PulteGroup during the 4th quarter worth approximately $37,000. TD Waterhouse Canada Inc. boosted its stake in shares of PulteGroup by 43.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 349 shares of the construction company's stock worth $38,000 after acquiring an additional 105 shares during the period. American National Bank & Trust bought a new position in shares of PulteGroup during the 1st quarter worth approximately $39,000. Quarry LP bought a new position in shares of PulteGroup during the 4th quarter worth approximately $43,000. Finally, Catalyst Capital Advisors LLC bought a new position in shares of PulteGroup during the 1st quarter worth approximately $54,000. 89.90% of the stock is currently owned by institutional investors.
PulteGroup Price Performance
Shares of NYSE PHM opened at $114.29 on Friday. The stock has a market capitalization of $22.91 billion, a PE ratio of 8.06, a P/E/G ratio of 0.33 and a beta of 1.29. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.80 and a quick ratio of 0.80. The business has a fifty day moving average price of $103.47 and a two-hundred day moving average price of $104.83. PulteGroup, Inc. has a fifty-two week low of $88.07 and a fifty-two week high of $149.47.
PulteGroup (NYSE:PHM - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The construction company reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.47 by $0.10. The firm 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 previous year, the firm earned $3.10 EPS. As a group, equities analysts predict that PulteGroup, Inc. will post 12.32 earnings per share for the current fiscal year.
PulteGroup Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 2nd. Shareholders of record on Tuesday, June 17th were issued a $0.22 dividend. The ex-dividend date was Tuesday, June 17th. This represents a $0.88 annualized dividend and a yield of 0.77%. PulteGroup's dividend payout ratio is presently 6.21%.
Analyst Ratings Changes
Several research analysts have recently commented on the company. Royal Bank Of Canada reduced their target price on PulteGroup from $116.00 to $109.00 and set a "sector perform" rating for the company in a research note on Wednesday, April 23rd. Wedbush reissued an "outperform" rating and set a $135.00 price target on shares of PulteGroup in a report on Tuesday, April 22nd. Evercore ISI lifted their price target on PulteGroup from $161.00 to $165.00 and gave the stock an "outperform" rating in a report on Wednesday, April 23rd. Barclays dropped their price target on PulteGroup from $100.00 to $98.00 and set an "equal weight" rating for the company in a report on Wednesday, April 23rd. Finally, UBS Group dropped their price target on PulteGroup from $151.00 to $141.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $135.08.
Check Out Our Latest Research Report on PulteGroup
PulteGroup Company Profile
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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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