Tidal Investments LLC Boosts Stock Holdings in PulteGroup, Inc. (NYSE:PHM)

Tidal Investments LLC lifted its holdings in PulteGroup, Inc. (NYSE:PHM - Free Report) by 28.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 223,715 shares of the construction company's stock after acquiring an additional 49,988 shares during the period. Tidal Investments LLC owned 0.11% of PulteGroup worth $24,363,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Richardson Financial Services Inc. boosted its stake in 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 purchasing an additional 89 shares during the period. Premier Path Wealth Partners LLC lifted its holdings in shares of PulteGroup by 3.8% in the fourth quarter. Premier Path Wealth Partners LLC now owns 2,572 shares of the construction company's stock worth $280,000 after buying an additional 95 shares in the last quarter. Meridian Wealth Management LLC boosted its position in shares of PulteGroup by 0.7% during the fourth quarter. Meridian Wealth Management LLC now owns 13,224 shares of the construction company's stock worth $1,440,000 after acquiring an additional 95 shares during the last quarter. Fidelis Capital Partners LLC boosted its position in shares of PulteGroup by 2.4% during the fourth quarter. Fidelis Capital Partners LLC now owns 4,384 shares of the construction company's stock worth $479,000 after acquiring an additional 103 shares during the last quarter. Finally, TD Waterhouse Canada Inc. grew its stake in PulteGroup by 43.0% during the fourth quarter. TD Waterhouse Canada Inc. now owns 349 shares of the construction company's stock valued at $38,000 after acquiring an additional 105 shares in the last quarter. Hedge funds and other institutional investors own 89.90% of the company's stock.

PulteGroup Trading Down 0.7%

Shares of NYSE:PHM traded down $0.70 during trading hours on Friday, hitting $97.89. 522,400 shares of the company's stock traded hands, compared to its average volume of 2,000,492. The firm has a market capitalization of $19.62 billion, a P/E ratio of 6.65, a price-to-earnings-growth ratio of 0.29 and a beta of 1.37. The business has a fifty day moving average price of $100.66 and a 200-day moving average price of $110.45. PulteGroup, Inc. has a 1 year low of $88.07 and a 1 year high of $149.47. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.86 and a quick ratio of 0.86.

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 firm had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.86 billion. During the same period last year, the company earned $3.10 EPS. Equities analysts expect that PulteGroup, Inc. will post 12.32 earnings per share for the current year.

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

PulteGroup Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Bank of America dropped their price target on PulteGroup from $135.00 to $134.00 and set a "buy" rating for the company in a research note on Monday, January 27th. UBS Group decreased their price target on shares of PulteGroup from $151.00 to $141.00 and set a "buy" rating on the stock 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 report on Monday, April 14th. Finally, Wedbush reiterated an "outperform" rating and issued a $135.00 price target on shares of PulteGroup in a research report on Tuesday, April 22nd. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $134.69.

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.