IFM Investors Pty Ltd Has $5.44 Million Holdings in PulteGroup, Inc. (NYSE:PHM)

IFM Investors Pty Ltd raised its holdings in PulteGroup, Inc. (NYSE:PHM - Free Report) by 9.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 52,939 shares of the construction company's stock after acquiring an additional 4,382 shares during the quarter. IFM Investors Pty Ltd's holdings in PulteGroup were worth $5,442,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PHM. Norges Bank bought a new position in shares of PulteGroup during the fourth quarter worth $427,562,000. Amundi lifted its position in PulteGroup by 77.9% during the 4th quarter. Amundi now owns 1,636,562 shares of the construction company's stock worth $180,775,000 after buying an additional 716,716 shares in the last quarter. Franklin Resources Inc. lifted its position in PulteGroup by 6.1% during the 4th quarter. Franklin Resources Inc. now owns 11,937,866 shares of the construction company's stock worth $1,300,034,000 after buying an additional 683,592 shares in the last quarter. Man Group plc increased its stake in shares of PulteGroup by 136.8% during the 4th quarter. Man Group plc now owns 988,963 shares of the construction company's stock worth $107,698,000 after purchasing an additional 571,251 shares during the last quarter. Finally, Voloridge Investment Management LLC acquired a new position in shares of PulteGroup during the 4th quarter worth about $47,133,000. 89.90% of the stock is owned by institutional investors.

PulteGroup Price Performance

Shares of PulteGroup stock traded up $1.44 on Thursday, reaching $115.21. 2,533,389 shares of the stock were exchanged, compared to its average volume of 2,040,298. The firm has a market cap of $23.09 billion, a PE ratio of 8.12, a P/E/G ratio of 0.32 and a beta of 1.29. 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's 50 day moving average is $103.01 and its 200-day moving average is $104.77. PulteGroup, Inc. has a one year low of $88.07 and a one year high of $149.47.

PulteGroup (NYSE:PHM - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The construction company reported $2.57 EPS for the quarter, beating the consensus estimate of $2.47 by $0.10. PulteGroup had a net margin of 16.45% and a return on equity of 22.86%. The business had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.86 billion. During the same quarter in the prior year, the firm earned $3.10 EPS. As a group, analysts anticipate that PulteGroup, Inc. will post 12.32 EPS for the current fiscal year.

PulteGroup Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 2nd. Shareholders of record on Tuesday, June 17th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.76%. The ex-dividend date was Tuesday, June 17th. PulteGroup's dividend payout ratio (DPR) is currently 6.21%.

Analyst Ratings Changes

A number of research analysts recently commented on PHM shares. Evercore ISI upped their price target on shares of PulteGroup from $161.00 to $165.00 and gave the company an "outperform" rating in a research note on Wednesday, April 23rd. Wedbush reiterated an "outperform" rating and issued a $135.00 price target on shares of PulteGroup in a research note on Tuesday, April 22nd. Wells Fargo & Company upped their price target on shares of PulteGroup from $120.00 to $125.00 and gave the company an "overweight" rating in a research note on Tuesday. Royal Bank Of Canada decreased their price target on shares of PulteGroup from $116.00 to $109.00 and set a "sector perform" rating on the stock in a research note on Wednesday, April 23rd. Finally, UBS Group decreased 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 assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $135.08.

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.