NBC Securities Inc. Boosts Stake in PulteGroup, Inc. (NYSE:PHM)

NBC Securities Inc. grew its position in PulteGroup, Inc. (NYSE:PHM - Free Report) by 103,800.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,195 shares of the construction company's stock after purchasing an additional 5,190 shares during the quarter. NBC Securities Inc.'s holdings in PulteGroup were worth $534,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Argyle Capital Management LLC boosted its position in shares of PulteGroup by 1.5% in the 4th quarter. Argyle Capital Management LLC now owns 42,241 shares of the construction company's stock worth $4,600,000 after purchasing an additional 641 shares in the last quarter. Wayfinding Financial LLC acquired a new stake in PulteGroup in the fourth quarter worth about $275,000. LPL Financial LLC boosted its holdings in PulteGroup by 11.2% in the fourth quarter. LPL Financial LLC now owns 390,579 shares of the construction company's stock worth $42,534,000 after acquiring an additional 39,321 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of PulteGroup by 8.5% during the fourth quarter. Victory Capital Management Inc. now owns 1,112,782 shares of the construction company's stock worth $121,182,000 after acquiring an additional 87,506 shares during the last quarter. Finally, HighTower Advisors LLC increased its holdings in shares of PulteGroup by 3.2% during the fourth quarter. HighTower Advisors LLC now owns 20,508 shares of the construction company's stock valued at $2,233,000 after acquiring an additional 645 shares in the last quarter. 89.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

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 traded hands, compared to its average volume of 2,013,095. The stock has a market cap of $20.35 billion, a P/E ratio of 6.90, a PEG ratio of 0.29 and a beta of 1.29. The firm's fifty day simple moving average is $99.55 and its 200 day simple moving average is $107.82. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.13. PulteGroup, Inc. has a 12-month low of $88.07 and a 12-month high of $149.47.

PulteGroup (NYSE:PHM - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The construction company reported $2.57 EPS for the quarter, topping the consensus estimate of $2.47 by $0.10. PulteGroup had a return on equity of 24.43% and a net margin of 17.18%. The firm had revenue of $3.89 billion for 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, research analysts anticipate that PulteGroup, Inc. will post 12.32 earnings per share for the current fiscal year.

PulteGroup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Tuesday, June 17th will be issued a dividend of $0.22 per share. 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 6.21%.

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.