3,964 Shares in PulteGroup, Inc. (NYSE:PHM) Bought by Simon Quick Advisors LLC

Simon Quick Advisors LLC acquired a new stake in PulteGroup, Inc. (NYSE:PHM - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,964 shares of the construction company's stock, valued at approximately $408,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Norges Bank bought a new stake in PulteGroup during the fourth quarter worth approximately $427,562,000. Amundi boosted its holdings in PulteGroup by 77.9% during the fourth quarter. Amundi now owns 1,636,562 shares of the construction company's stock worth $180,775,000 after buying an additional 716,716 shares in the last quarter. Franklin Resources Inc. boosted its holdings in PulteGroup by 6.1% during the fourth quarter. Franklin Resources Inc. now owns 11,937,866 shares of the construction company's stock worth $1,300,034,000 after buying an additional 683,592 shares in the last quarter. Man Group plc boosted its holdings in PulteGroup by 136.8% during the fourth quarter. Man Group plc now owns 988,963 shares of the construction company's stock worth $107,698,000 after buying an additional 571,251 shares in the last quarter. Finally, Voloridge Investment Management LLC bought a new stake in PulteGroup during the fourth quarter worth approximately $47,133,000. 89.90% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

PHM has been the subject of a number of research reports. UBS Group reduced their target price on shares of PulteGroup from $151.00 to $141.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Evercore ISI upped their price target on shares of PulteGroup from $161.00 to $165.00 and gave the company an "outperform" rating in a research report on Wednesday, April 23rd. Royal Bank of Canada reduced their price target on shares of PulteGroup from $116.00 to $109.00 and set a "sector perform" rating for the company in a research report on Wednesday, April 23rd. Wedbush restated an "outperform" rating and issued a $135.00 price target on shares of PulteGroup in a research report on Tuesday, April 22nd. Finally, Seaport Res Ptn upgraded shares of PulteGroup from a "strong sell" rating to a "hold" rating in a research report on Thursday, March 6th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, PulteGroup presently has an average rating of "Moderate Buy" and a consensus price target of $134.69.

PulteGroup Stock Down 2.6%

PHM stock traded down $2.73 during midday trading on Friday, reaching $101.43. The company had a trading volume of 1,597,599 shares, compared to its average volume of 2,016,964. The company has a market capitalization of $20.33 billion, a P/E ratio of 6.89, a PEG ratio of 0.29 and a beta of 1.29. The company has a 50 day moving average of $100.04 and a two-hundred day moving average of $106.90. 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 1 year low of $88.07 and a 1 year high of $149.47.

PulteGroup (NYSE:PHM - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The construction company reported $2.57 earnings per share for the quarter, beating analysts' consensus estimates of $2.47 by $0.10. The business had revenue of $3.89 billion for 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 EPS. On average, equities research analysts expect 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. 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 0.87%. PulteGroup's dividend payout ratio (DPR) is presently 6.21%.

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.