Hudson Capital Management LLC Buys 3,266 Shares of PulteGroup, Inc. (NYSE:PHM)

Hudson Capital Management LLC increased its stake in PulteGroup, Inc. (NYSE:PHM - Free Report) by 8.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,305 shares of the construction company's stock after acquiring an additional 3,266 shares during the quarter. Hudson Capital Management LLC's holdings in PulteGroup were worth $4,246,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Franklin Resources Inc. increased its stake in shares of PulteGroup by 6.1% in the 4th quarter. Franklin Resources Inc. now owns 11,937,866 shares of the construction company's stock valued at $1,300,034,000 after acquiring an additional 683,592 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of PulteGroup by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 5,120,878 shares of the construction company's stock valued at $556,465,000 after acquiring an additional 64,947 shares in the last quarter. Norges Bank bought a new stake in shares of PulteGroup in the 4th quarter valued at $427,562,000. Northern Trust Corp increased its stake in PulteGroup by 14.9% during the 4th quarter. Northern Trust Corp now owns 2,425,941 shares of the construction company's stock valued at $264,185,000 after purchasing an additional 315,148 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in PulteGroup by 9.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,033,776 shares of the construction company's stock valued at $221,478,000 after purchasing an additional 169,736 shares in the last quarter. Institutional investors own 89.90% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on PHM shares. Seaport Res Ptn upgraded shares of PulteGroup from a "strong sell" rating to a "hold" rating in a research note on Thursday, March 6th. Wells Fargo & Company decreased their price target on shares of PulteGroup from $140.00 to $120.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. UBS Group decreased their price target on shares of PulteGroup from $151.00 to $141.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Barclays decreased their price target on shares of PulteGroup from $100.00 to $98.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 23rd. Finally, Royal Bank of Canada decreased their price target on shares of PulteGroup from $116.00 to $109.00 and set a "sector perform" rating for the company in a research note on Wednesday, April 23rd. 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, PulteGroup currently has an average rating of "Moderate Buy" and a consensus target price of $134.69.

PulteGroup Stock Performance

Shares of NYSE:PHM traded down $1.41 during midday trading on Friday, reaching $100.23. The company had a trading volume of 1,396,286 shares, compared to its average volume of 2,015,215. The company's 50 day moving average price is $99.55 and its 200 day moving average price is $108.10. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.13. The stock has a market cap of $20.09 billion, a P/E ratio of 6.81, a P/E/G ratio of 0.29 and a beta of 1.37. PulteGroup, Inc. has a 52-week low of $88.07 and a 52-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 (EPS) for the quarter, beating analysts' consensus estimates of $2.47 by $0.10. PulteGroup had a return on equity of 24.43% and a net margin of 17.18%. The business had revenue of $3.89 billion for the quarter, compared to analysts' expectations of $3.86 billion. During the same period in the previous year, the business posted $3.10 EPS. As a group, sell-side analysts anticipate that PulteGroup, Inc. will post 12.32 EPS for the current fiscal year.

PulteGroup Announces Dividend

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

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.