Toronto Dominion Bank Raises Position in PulteGroup, Inc. (NYSE:PHM)

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

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Argyle Capital Management LLC boosted its stake in PulteGroup by 1.5% in the 4th quarter. Argyle Capital Management LLC now owns 42,241 shares of the construction company's stock worth $4,600,000 after purchasing an additional 641 shares during the period. Wayfinding Financial LLC bought a new position in PulteGroup during the fourth quarter valued at $275,000. LPL Financial LLC lifted its position in PulteGroup by 11.2% during the fourth quarter. LPL Financial LLC now owns 390,579 shares of the construction company's stock valued at $42,534,000 after purchasing an additional 39,321 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of PulteGroup by 8.5% in the 4th quarter. Victory Capital Management Inc. now owns 1,112,782 shares of the construction company's stock valued at $121,182,000 after acquiring an additional 87,506 shares during the last quarter. Finally, HighTower Advisors LLC lifted its holdings in shares of PulteGroup by 3.2% in the 4th quarter. HighTower Advisors LLC now owns 20,508 shares of the construction company's stock valued at $2,233,000 after acquiring an additional 645 shares during the last quarter. 89.90% of the stock is currently owned by institutional investors.

PulteGroup Stock Down 0.6%

PulteGroup stock traded down $0.57 during mid-day trading on Monday, reaching $97.47. 1,547,894 shares of the company were exchanged, compared to its average volume of 2,012,591. 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 firm has a market cap of $19.53 billion, a P/E ratio of 6.63, a PEG ratio of 0.29 and a beta of 1.37. PulteGroup, Inc. has a 12-month low of $88.07 and a 12-month high of $149.47. The business has a fifty day moving average of $99.76 and a 200 day moving average of $108.59.

PulteGroup (NYSE:PHM - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The construction company reported $2.57 earnings per share for the quarter, topping analysts' consensus estimates of $2.47 by $0.10. The firm had revenue of $3.89 billion during the quarter, compared to analysts' expectations of $3.86 billion. PulteGroup had a return on equity of 24.43% and a net margin of 17.18%. During the same period in the prior year, the business posted $3.10 EPS. Research analysts anticipate 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 given a dividend of $0.22 per share. The ex-dividend date 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%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PHM. Royal Bank of Canada lowered their price target on PulteGroup from $116.00 to $109.00 and set a "sector perform" rating for the company in a research report on Wednesday, April 23rd. Seaport Res Ptn upgraded PulteGroup from a "strong sell" rating to a "hold" rating in a research report on Thursday, March 6th. Barclays dropped their target price on PulteGroup from $100.00 to $98.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 23rd. Wedbush restated an "outperform" rating and set a $135.00 price objective on shares of PulteGroup in a report on Tuesday, April 22nd. Finally, Evercore ISI boosted their price objective 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. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the company 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.