IFM Investors Pty Ltd Grows Stock Holdings in PulteGroup, Inc. (NYSE:PHM)

IFM Investors Pty Ltd lifted its holdings in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 9.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,939 shares of the construction company's stock after purchasing an additional 4,382 shares during the period. IFM Investors Pty Ltd's holdings in PulteGroup were worth $5,442,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Merit Financial Group LLC raised its stake in PulteGroup by 20.5% during the 1st quarter. Merit Financial Group LLC now owns 15,388 shares of the construction company's stock worth $1,582,000 after buying an additional 2,613 shares during the period. Vest Financial LLC raised its stake in shares of PulteGroup by 1,311.3% in 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 during the last quarter. Hudson Capital Management LLC raised its stake in shares of PulteGroup by 8.6% in the first quarter. Hudson Capital Management LLC now owns 41,305 shares of the construction company's stock worth $4,246,000 after purchasing an additional 3,266 shares during the last quarter. NBC Securities Inc. raised its stake in shares of PulteGroup by 103,800.0% in the first quarter. NBC Securities Inc. now owns 5,195 shares of the construction company's stock worth $534,000 after purchasing an additional 5,190 shares during the last quarter. Finally, Golden State Wealth Management LLC raised its stake in shares of PulteGroup by 15.9% in the first quarter. Golden State Wealth Management LLC now owns 909 shares of the construction company's stock worth $93,000 after purchasing an additional 125 shares during the last quarter. Institutional investors own 89.90% of the company's stock.

PulteGroup Stock Performance

NYSE PHM traded up $5.18 on Wednesday, hitting $114.06. 3,864,548 shares of the stock traded hands, compared to its average volume of 2,038,325. PulteGroup, Inc. has a 12 month low of $88.07 and a 12 month high of $149.47. The business's fifty day moving average is $103.01 and its two-hundred day moving average is $104.77. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market capitalization of $22.86 billion, a price-to-earnings ratio of 8.04, a PEG ratio of 0.32 and a beta of 1.29.

PulteGroup (NYSE:PHM - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The construction company reported $2.57 EPS for the quarter, topping analysts' consensus estimates of $2.47 by $0.10. PulteGroup had a return on equity of 22.86% and a net margin of 16.45%. The firm had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.86 billion. During the same period last year, the company earned $3.10 earnings per share. As a group, equities 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 was paid on Wednesday, July 2nd. Stockholders of record on Tuesday, June 17th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend was Tuesday, June 17th. PulteGroup's payout ratio is currently 6.21%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. UBS Group lowered their price objective on PulteGroup from $151.00 to $141.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Wedbush reissued an "outperform" rating and issued a $135.00 price objective on shares of PulteGroup in a research note on Tuesday, April 22nd. Barclays lowered their price objective on PulteGroup from $100.00 to $98.00 and set an "equal weight" rating for the company in a research note 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. Finally, 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 report on Wednesday, April 23rd. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $135.08.

PulteGroup Profile

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.