Gotham Asset Management LLC Has $824,000 Stake in PulteGroup, Inc. (NYSE:PHM)

Gotham Asset Management LLC trimmed its holdings in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 78.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,567 shares of the construction company's stock after selling 26,774 shares during the period. Gotham Asset Management LLC's holdings in PulteGroup were worth $824,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Nilsine Partners LLC increased its stake in shares of PulteGroup by 929.2% in the 4th quarter. Nilsine Partners LLC now owns 20,574 shares of the construction company's stock valued at $2,240,000 after acquiring an additional 18,575 shares during the last quarter. Argyle Capital Management LLC grew its holdings in PulteGroup by 1.5% during the fourth quarter. Argyle Capital Management LLC now owns 42,241 shares of the construction company's stock valued at $4,600,000 after purchasing an additional 641 shares during the period. Merit Financial Group LLC increased its stake in PulteGroup by 416.0% in the fourth quarter. Merit Financial Group LLC now owns 12,775 shares of the construction company's stock valued at $1,391,000 after purchasing an additional 10,299 shares in the last quarter. Wayfinding Financial LLC acquired a new stake in PulteGroup in the fourth quarter worth $275,000. Finally, Impact Partnership Wealth LLC bought a new position in shares of PulteGroup during the fourth quarter worth $464,000. 89.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Royal Bank of Canada dropped their price objective on PulteGroup from $116.00 to $109.00 and set a "sector perform" rating on the stock in a research note on Wednesday, April 23rd. UBS Group cut their price objective on PulteGroup from $151.00 to $141.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Wedbush reissued an "outperform" rating and set a $135.00 target price on shares of PulteGroup in a research note on Tuesday, April 22nd. Barclays dropped their target price on shares of PulteGroup from $100.00 to $98.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 23rd. Finally, Oppenheimer reduced their price target on shares of PulteGroup from $165.00 to $150.00 and set an "outperform" rating for the company in a report on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, PulteGroup presently has an average rating of "Moderate Buy" and an average target price of $134.69.

PulteGroup Trading Up 1.5%

Shares of NYSE:PHM opened at $104.34 on Monday. The company's 50-day moving average price is $100.86 and its two-hundred day moving average price is $110.99. PulteGroup, Inc. has a one year low of $88.07 and a one year high of $149.47. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market capitalization of $20.91 billion, a PE ratio of 7.09, a price-to-earnings-growth ratio of 0.29 and a beta of 1.37.

PulteGroup (NYSE:PHM - Get Free Report) last released its 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. The business had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.86 billion. PulteGroup had a return on equity of 24.43% and a net margin of 17.18%. During the same quarter in the prior year, the company posted $3.10 earnings per share. On average, equities analysts forecast that PulteGroup, Inc. will post 12.32 EPS for the current fiscal year.

PulteGroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Tuesday, June 17th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Tuesday, June 17th. PulteGroup's payout ratio is presently 6.21%.

PulteGroup announced that its board has initiated a stock buyback program on Thursday, January 30th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the construction company to repurchase up to 6.2% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's management believes its stock is undervalued.

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.

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