PulteGroup, Inc. (NYSE:PHM) Shares Purchased by Toronto Dominion Bank

Toronto Dominion Bank raised its holdings in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 48.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 110,044 shares of the construction company's stock after purchasing an additional 35,730 shares during the quarter. Toronto Dominion Bank owned 0.05% of PulteGroup worth $11,984,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Hager Investment Management Services LLC bought a new position in PulteGroup during the fourth quarter valued at $29,000. TD Waterhouse Canada Inc. lifted its position 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 purchasing an additional 105 shares during the last quarter. R Squared Ltd bought a new position in PulteGroup during the fourth quarter valued at $39,000. Quarry LP bought a new position in PulteGroup during the fourth quarter valued at $43,000. Finally, Oakworth Capital Inc. lifted its position in PulteGroup by 642.2% during the fourth quarter. Oakworth Capital Inc. now owns 475 shares of the construction company's stock valued at $52,000 after purchasing an additional 411 shares during the last quarter. Institutional investors own 89.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on PHM shares. Royal Bank of Canada dropped 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 note on Wednesday, April 23rd. Evercore ISI lifted their price target on shares of PulteGroup from $161.00 to $165.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 23rd. Barclays dropped their price target on shares of PulteGroup from $100.00 to $98.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 23rd. Wedbush reaffirmed an "outperform" rating and set a $135.00 price target on shares of PulteGroup in a research note on Tuesday, April 22nd. Finally, UBS Group dropped 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. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, PulteGroup currently has an average rating of "Moderate Buy" and an average price target of $134.69.

PulteGroup Stock Down 0.4%

Shares of NYSE PHM traded down $0.35 during trading hours on Friday, hitting $98.23. 1,389,728 shares of the stock were exchanged, compared to its average volume of 2,006,357. PulteGroup, Inc. has a 12 month low of $88.07 and a 12 month high of $149.47. The firm has a fifty day moving average price of $100.55 and a 200-day moving average price of $110.21. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.13. The company has a market cap of $19.69 billion, a PE ratio of 6.68, a PEG ratio of 0.29 and a beta of 1.37.

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, beating analysts' consensus estimates of $2.47 by $0.10. PulteGroup had a net margin of 17.18% and a return on equity of 24.43%. The company had revenue of $3.89 billion during the quarter, compared to analysts' expectations of $3.86 billion. During the same quarter in the prior year, the company posted $3.10 earnings per share. On average, sell-side analysts expect that PulteGroup, Inc. will post 12.32 EPS for the current year.

PulteGroup Announces Dividend

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 given a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $0.88 dividend on an annualized basis and a yield of 0.90%. PulteGroup's payout ratio is 6.21%.

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

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.