Vise Technologies Inc. Buys 3,556 Shares of PulteGroup, Inc. (NYSE:PHM)

Vise Technologies Inc. grew its stake in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 55.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,987 shares of the construction company's stock after buying an additional 3,556 shares during the period. Vise Technologies Inc.'s holdings in PulteGroup were worth $1,088,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Richardson Financial Services Inc. increased its holdings in shares of PulteGroup by 16.7% in the 4th quarter. Richardson Financial Services Inc. now owns 622 shares of the construction company's stock worth $68,000 after buying an additional 89 shares during the last quarter. Meridian Wealth Management LLC increased its stake in PulteGroup by 0.7% in the fourth quarter. Meridian Wealth Management LLC now owns 13,224 shares of the construction company's stock valued at $1,440,000 after acquiring an additional 95 shares during the last quarter. Fidelis Capital Partners LLC increased its stake in PulteGroup by 2.4% in the fourth quarter. Fidelis Capital Partners LLC now owns 4,384 shares of the construction company's stock valued at $479,000 after acquiring an additional 103 shares during the last quarter. TD Waterhouse Canada Inc. increased its position in shares of PulteGroup by 43.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 349 shares of the construction company's stock valued at $38,000 after purchasing an additional 105 shares during the last quarter. Finally, 1858 Wealth Management LLC increased its position in shares of PulteGroup by 5.0% during the 4th quarter. 1858 Wealth Management LLC now owns 2,349 shares of the construction company's stock valued at $256,000 after purchasing an additional 112 shares during the last quarter. Institutional investors own 89.90% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on PHM. Royal Bank of Canada reduced 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 report on Wednesday, April 23rd. UBS Group lowered their price target on shares of PulteGroup from $151.00 to $141.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Seaport Res Ptn raised shares of PulteGroup from a "strong sell" rating to a "hold" rating in a research note on Thursday, March 6th. Wells Fargo & Company lowered their price target on shares of PulteGroup from $140.00 to $120.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Finally, Barclays lowered their target price 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. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $134.69.

PulteGroup Stock Down 3.0%

NYSE:PHM traded down $3.01 on Wednesday, reaching $97.56. 1,815,707 shares of the stock traded hands, compared to its average volume of 2,012,925. The company has a market capitalization of $19.55 billion, a price-to-earnings ratio of 6.63, a PEG ratio of 0.29 and a beta of 1.37. 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. The company's fifty day simple moving average is $100.32 and its 200 day simple moving average is $109.62.

PulteGroup (NYSE:PHM - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The construction company reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.47 by $0.10. The company had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.86 billion. PulteGroup had a net margin of 17.18% and a return on equity of 24.43%. During the same quarter last year, the firm earned $3.10 earnings per share. Equities analysts predict that PulteGroup, Inc. will post 12.32 EPS for the current fiscal year.

PulteGroup announced that its Board of Directors has approved a share repurchase program on Thursday, January 30th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the construction company to repurchase up to 6.2% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's leadership believes its stock is undervalued.

PulteGroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Tuesday, June 17th will be issued a $0.22 dividend. The ex-dividend date is Tuesday, June 17th. This represents a $0.88 annualized dividend and a yield of 0.90%. PulteGroup's payout ratio is 6.21%.

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.