RFG Advisory LLC Buys 21,890 Shares of PulteGroup, Inc. (NYSE:PHM)

RFG Advisory LLC increased its holdings in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 1,016.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,043 shares of the construction company's stock after acquiring an additional 21,890 shares during the period. RFG Advisory LLC's holdings in PulteGroup were worth $2,472,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Hager Investment Management Services LLC purchased a new position in PulteGroup in the 4th quarter worth approximately $29,000. Ameriflex Group Inc. bought a new position in PulteGroup during the 4th quarter valued at about $37,000. TD Waterhouse Canada Inc. grew its stake in shares of PulteGroup by 43.0% in the fourth quarter. TD Waterhouse Canada Inc. now owns 349 shares of the construction company's stock worth $38,000 after acquiring an additional 105 shares during the period. American National Bank & Trust purchased a new position in shares of PulteGroup during the first quarter valued at approximately $39,000. Finally, Quarry LP bought a new position in PulteGroup during the fourth quarter valued at approximately $43,000. Hedge funds and other institutional investors own 89.90% of the company's stock.

PulteGroup Trading Down 0.3%

PHM stock traded down $0.35 during midday trading on Thursday, reaching $101.52. 1,201,617 shares of the company traded hands, compared to its average volume of 2,012,822. The firm has a market capitalization of $20.35 billion, a price-to-earnings ratio of 6.90, a P/E/G ratio of 0.29 and a beta of 1.37. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.86 and a current ratio of 0.86. The business has a 50 day moving average of $99.64 and a 200-day moving average of $108.48. PulteGroup, Inc. has a 52-week low of $88.07 and a 52-week high of $149.47.

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

PulteGroup Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Tuesday, June 17th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $0.88 annualized dividend and a dividend yield of 0.87%. PulteGroup's dividend payout ratio (DPR) is presently 6.21%.

Analysts Set New Price Targets

Several research firms have recently weighed in on PHM. Wells Fargo & Company lowered their price target on PulteGroup from $140.00 to $120.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Wedbush reissued an "outperform" rating and set a $135.00 price target on shares of PulteGroup in a report on Tuesday, April 22nd. Barclays decreased their target price on shares of PulteGroup from $100.00 to $98.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 23rd. Seaport Res Ptn upgraded PulteGroup from a "strong sell" rating to a "hold" rating in a research note on Thursday, March 6th. Finally, UBS Group reduced their price objective on shares of PulteGroup from $151.00 to $141.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, PulteGroup currently has a consensus rating of "Moderate Buy" and a consensus target price of $134.69.

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.