PulteGroup, Inc. (NYSE:PHM) Shares Acquired by Hudson Capital Management LLC

Hudson Capital Management LLC grew its holdings in PulteGroup, Inc. (NYSE:PHM - Free Report) by 8.6% in the 1st quarter, according to the company in its most recent Form 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 period. Hudson Capital Management LLC's holdings in PulteGroup were worth $4,246,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. Merit Financial Group LLC boosted its stake in PulteGroup by 20.5% in the first quarter. Merit Financial Group LLC now owns 15,388 shares of the construction company's stock valued at $1,582,000 after acquiring an additional 2,613 shares in the last quarter. Vest Financial LLC raised its holdings in PulteGroup by 1,311.3% during the first quarter. Vest Financial LLC now owns 312,723 shares of the construction company's stock worth $32,148,000 after purchasing an additional 290,564 shares in the last quarter. NBC Securities Inc. increased its holdings in PulteGroup by 103,800.0% in the first quarter. NBC Securities Inc. now owns 5,195 shares of the construction company's stock valued at $534,000 after buying an additional 5,190 shares in the last quarter. Argyle Capital Management LLC increased its holdings in PulteGroup by 1.5% in the fourth quarter. Argyle Capital Management LLC now owns 42,241 shares of the construction company's stock valued at $4,600,000 after buying an additional 641 shares in the last quarter. Finally, Wayfinding Financial LLC acquired a new stake in shares of PulteGroup in the fourth quarter valued at approximately $275,000. Institutional investors and hedge funds own 89.90% of the company's stock.

PulteGroup Stock Performance

Shares of NYSE:PHM traded up $1.31 during trading on Monday, reaching $101.54. 1,098,032 shares of the company's stock traded hands, compared to its average volume of 2,013,095. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.86 and a quick ratio of 0.86. PulteGroup, Inc. has a 12 month low of $88.07 and a 12 month high of $149.47. The company has a 50 day moving average of $99.55 and a 200-day moving average of $107.82. The stock has a market capitalization of $20.35 billion, a P/E ratio of 6.90, a price-to-earnings-growth ratio of 0.29 and a beta of 1.29.

PulteGroup (NYSE:PHM - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $3.86 billion. PulteGroup had a return on equity of 24.43% and a net margin of 17.18%. During the same period in the previous year, the firm posted $3.10 earnings per share. On average, equities analysts expect that PulteGroup, Inc. will post 12.32 EPS for the current 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 0.87%. The ex-dividend date is Tuesday, June 17th. PulteGroup's dividend payout ratio (DPR) is presently 6.21%.

Wall Street Analyst Weigh In

PHM has been the topic of several research reports. Wells Fargo & Company lowered their price target on shares of PulteGroup from $140.00 to $120.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Wedbush reiterated an "outperform" rating and issued a $135.00 price target on shares of PulteGroup in a report on Tuesday, April 22nd. Seaport Res Ptn upgraded shares of PulteGroup from a "strong sell" rating to a "hold" rating in a report on Thursday, March 6th. Evercore ISI lifted their target price on shares of PulteGroup from $161.00 to $165.00 and gave the company an "outperform" rating in a report on Wednesday, April 23rd. Finally, UBS Group dropped their price target on shares of PulteGroup from $151.00 to $141.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $134.69.

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.