Tounjian Advisory Partners LLC Takes $6.81 Million Position in PulteGroup, Inc. (NYSE:PHM)

Tounjian Advisory Partners LLC purchased a new stake in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 66,278 shares of the construction company's stock, valued at approximately $6,813,000. PulteGroup makes up about 1.3% of Tounjian Advisory Partners LLC's investment portfolio, making the stock its 15th largest position.

Several other institutional investors have also recently bought and sold shares of the business. Stratos Wealth Partners LTD. raised its holdings in shares of PulteGroup by 8.0% in the fourth quarter. Stratos Wealth Partners LTD. now owns 10,234 shares of the construction company's stock valued at $1,115,000 after buying an additional 756 shares during the last quarter. Choreo LLC increased its position in PulteGroup by 51.2% in the 4th quarter. Choreo LLC now owns 6,629 shares of the construction company's stock valued at $723,000 after acquiring an additional 2,246 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of PulteGroup by 1.2% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 22,458 shares of the construction company's stock worth $2,446,000 after acquiring an additional 277 shares during the last quarter. Golden State Wealth Management LLC acquired a new position in shares of PulteGroup during the fourth quarter worth approximately $85,000. Finally, Vest Financial LLC grew its stake in shares of PulteGroup by 111.5% during the fourth quarter. Vest Financial LLC now owns 22,159 shares of the construction company's stock valued at $2,413,000 after purchasing an additional 11,682 shares during the last quarter. Institutional investors own 89.90% of the company's stock.

PulteGroup Stock Up 2.9%

Shares of PHM stock traded up $2.91 on Tuesday, hitting $104.38. 583,019 shares of the stock were exchanged, compared to its average volume of 2,007,621. The business has a 50-day moving average of $99.50 and a 200 day moving average of $107.62. PulteGroup, Inc. has a fifty-two week low of $88.07 and a fifty-two week high of $149.47. The firm has a market capitalization of $20.92 billion, a P/E ratio of 7.10, a price-to-earnings-growth ratio of 0.29 and a beta of 1.29. 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 (NYSE:PHM - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The construction company reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.47 by $0.10. The company had revenue of $3.89 billion during the quarter, compared to analysts' expectations of $3.86 billion. PulteGroup had a net margin of 17.18% and a return on equity of 24.43%. During the same period last year, the business earned $3.10 EPS. Equities analysts anticipate that PulteGroup, Inc. will post 12.32 EPS for the current year.

PulteGroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Tuesday, June 17th will be paid 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 dividend yield of 0.84%. PulteGroup's dividend payout ratio is 6.21%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on PHM shares. Seaport Res Ptn raised PulteGroup from a "strong sell" rating to a "hold" rating in a report on Thursday, March 6th. Barclays cut their price target on PulteGroup from $100.00 to $98.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 23rd. Wedbush reissued an "outperform" rating and set a $135.00 price objective on shares of PulteGroup in a report on Tuesday, April 22nd. Royal Bank of Canada reduced their target price on shares of PulteGroup from $116.00 to $109.00 and set a "sector perform" rating on the stock in a research note on Wednesday, April 23rd. Finally, Wells Fargo & Company reduced their target price on PulteGroup from $140.00 to $120.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, PulteGroup has a consensus 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.