Inspire Investing LLC Has $2.47 Million Stake in PulteGroup, Inc. $PHM

Key Points

• Inspire Investing LLC increased its stake in PulteGroup, Inc. by 143.7%, owning 24,059 shares worth $2,473,000 as of the latest SEC filing.
• Several institutional investors have also recently acquired positions in PulteGroup, increasing institutional ownership to 89.90%.
• PulteGroup reported earnings per share (EPS) of $3.03 for the last quarter, surpassing estimates, despite a 4.3% decline in revenue year-over-year.

Inspire Investing LLC increased its holdings in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 143.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,059 shares of the construction company's stock after purchasing an additional 14,185 shares during the period. Inspire Investing LLC's holdings in PulteGroup were worth $2,473,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. WPG Advisers LLC purchased a new stake in PulteGroup during the 1st quarter worth $25,000. Ameriflex Group Inc. purchased a new stake in PulteGroup during the 4th quarter worth $37,000. American National Bank & Trust purchased a new stake in PulteGroup during the 1st quarter worth $39,000. Catalyst Capital Advisors LLC purchased a new stake in PulteGroup during the 1st quarter worth $54,000. Finally, Quarry LP boosted its position in PulteGroup by 43.8% during the 1st quarter. Quarry LP now owns 571 shares of the construction company's stock worth $59,000 after purchasing an additional 174 shares during the period. 89.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Wells Fargo & Company boosted their price objective on shares of PulteGroup from $135.00 to $150.00 and gave the stock an "overweight" rating in a report on Tuesday, September 2nd. Zacks Research upgraded shares of PulteGroup from a "strong sell" rating to a "hold" rating in a report on Friday, August 29th. Citigroup boosted their price objective on shares of PulteGroup from $128.00 to $132.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Wedbush restated an "outperform" rating and issued a $150.00 target price on shares of PulteGroup in a research note on Wednesday, August 13th. Finally, Seaport Res Ptn upgraded shares of PulteGroup from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $136.46.

PulteGroup Stock Performance

NYSE PHM traded down $1.51 on Friday, hitting $137.15. The stock had a trading volume of 1,266,161 shares, compared to its average volume of 1,869,391. The company's 50-day moving average is $123.37 and its two-hundred day moving average is $109.33. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.13. The stock has a market cap of $27.06 billion, a price-to-earnings ratio of 10.25, a P/E/G ratio of 0.40 and a beta of 1.26. 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 posted its quarterly earnings data on Tuesday, July 22nd. The construction company reported $3.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.92 by $0.11. The business had revenue of $4.40 billion during the quarter, compared to analysts' expectations of $4.42 billion. PulteGroup had a net margin of 15.50% and a return on equity of 21.01%. The business's revenue was down 4.3% on a year-over-year basis. During the same period last year, the firm posted $3.83 earnings per share. On average, analysts expect that PulteGroup, Inc. will post 12.32 earnings per share for the current year.

PulteGroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Tuesday, September 16th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Tuesday, September 16th. PulteGroup's dividend payout ratio is 6.58%.

PulteGroup Company 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.