Integrity Alliance LLC. Takes $1.05 Million Position in PulteGroup, Inc. $PHM

Key Points

• Integrity Alliance LLC has acquired a new stake in PulteGroup, Inc., purchasing 10,172 shares valued at approximately $1.05 million, marking significant institutional interest in the construction company.
• Several research analysts have recently upgraded their ratings on PulteGroup, with target prices ranging from $112.00 to $150.00, indicating a positive outlook for the company's stock.
• PulteGroup announced a quarterly dividend of $0.22 per share, set to be paid on October 2nd, which reflects an annualized dividend yield of 0.6%.

Integrity Alliance LLC. acquired a new stake in PulteGroup, Inc. (NYSE:PHM - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,172 shares of the construction company's stock, valued at approximately $1,046,000.

Other hedge funds also recently modified their holdings of the company. WPG Advisers LLC bought a new stake in shares of PulteGroup in the first quarter valued at approximately $25,000. Ameriflex Group Inc. bought a new stake in shares of PulteGroup in the fourth quarter valued at approximately $37,000. American National Bank & Trust bought a new stake in shares of PulteGroup in the first quarter valued at approximately $39,000. Catalyst Capital Advisors LLC bought a new stake in shares of PulteGroup in the first quarter valued at approximately $54,000. Finally, Quarry LP boosted its position in shares of PulteGroup by 43.8% in the first quarter. Quarry LP now owns 571 shares of the construction company's stock valued at $59,000 after acquiring an additional 174 shares during the period. 89.90% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on PHM shares. JPMorgan Chase & Co. increased their price objective on PulteGroup from $121.00 to $123.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada raised their target price on PulteGroup from $109.00 to $112.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 23rd. Wells Fargo & Company raised their target price on PulteGroup from $135.00 to $150.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 2nd. Zacks Research raised PulteGroup from a "strong sell" rating to a "hold" rating in a research report on Friday, August 29th. Finally, Seaport Res Ptn raised PulteGroup from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $136.46.

PulteGroup Stock Performance

Shares of NYSE:PHM opened at $138.74 on Friday. PulteGroup, Inc. has a twelve month low of $88.07 and a twelve month high of $149.47. The firm has a market cap of $27.37 billion, a PE ratio of 10.37, a price-to-earnings-growth ratio of 0.40 and a beta of 1.27. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 0.77. The business has a fifty day moving average of $122.81 and a 200-day moving average of $109.04.

PulteGroup (NYSE:PHM - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The construction company reported $3.03 earnings per share for the quarter, beating analysts' consensus estimates of $2.92 by $0.11. PulteGroup had a return on equity of 21.01% and a net margin of 15.50%.The company had revenue of $4.40 billion during the quarter, compared to analyst estimates of $4.42 billion. During the same period last year, the company posted $3.83 earnings per share. The firm's quarterly revenue was down 4.3% compared to the same quarter last year. On average, equities research analysts predict that PulteGroup, Inc. will post 12.32 EPS for the current fiscal year.

PulteGroup Announces Dividend

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

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.

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