Two Sigma Investments LP Purchases New Stake in PulteGroup, Inc. (NYSE:PHM)

Two Sigma Investments LP bought a new position in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 28,562 shares of the construction company's stock, valued at approximately $3,110,000.

Other large investors also recently bought and sold shares of the company. Pacer Advisors Inc. increased its holdings in shares of PulteGroup by 31.5% in the 4th quarter. Pacer Advisors Inc. now owns 43,431 shares of the construction company's stock valued at $4,730,000 after acquiring an additional 10,416 shares during the last quarter. R Squared Ltd purchased a new position in shares of PulteGroup in the 4th quarter valued at about $39,000. OLD National Bancorp IN increased its holdings in shares of PulteGroup by 31.1% in the 4th quarter. OLD National Bancorp IN now owns 4,351 shares of the construction company's stock valued at $474,000 after acquiring an additional 1,032 shares during the last quarter. BTC Capital Management Inc. increased its holdings in shares of PulteGroup by 0.7% in the 4th quarter. BTC Capital Management Inc. now owns 62,670 shares of the construction company's stock valued at $6,825,000 after acquiring an additional 410 shares during the last quarter. Finally, Caprock Group LLC increased its holdings in shares of PulteGroup by 0.6% in the 4th quarter. Caprock Group LLC now owns 28,286 shares of the construction company's stock valued at $3,087,000 after acquiring an additional 157 shares during the last quarter. Hedge funds and other institutional investors own 89.90% of the company's stock.

Analysts Set New Price Targets

PHM has been the topic of a number of recent analyst reports. Seaport Res Ptn upgraded PulteGroup from a "strong sell" rating to a "hold" rating in a report on Thursday, March 6th. Barclays dropped their price objective on PulteGroup from $100.00 to $98.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 23rd. Wedbush restated an "outperform" rating and set a $135.00 price target on shares of PulteGroup in a research note on Tuesday, April 22nd. Wells Fargo & Company dropped their price target on PulteGroup from $140.00 to $120.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Finally, Evercore ISI raised their price target on PulteGroup from $161.00 to $165.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 23rd. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $134.69.

PulteGroup Stock Performance

Shares of NYSE:PHM traded up $3.28 during trading on Wednesday, reaching $101.95. The company had a trading volume of 2,063,688 shares, compared to its average volume of 2,016,068. The firm has a market capitalization of $20.43 billion, a price-to-earnings ratio of 6.93, a price-to-earnings-growth ratio of 0.29 and a beta of 1.37. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.86 and a quick ratio of 0.86. The stock's fifty day moving average price is $99.64 and its 200 day moving average price is $108.48. PulteGroup, Inc. has a fifty-two week low of $88.07 and a fifty-two week high of $149.47.

PulteGroup (NYSE:PHM - Get Free Report) last released its earnings results on Tuesday, April 22nd. The construction company reported $2.57 earnings per share (EPS) 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 analyst estimates of $3.86 billion. PulteGroup had a return on equity of 24.43% and a net margin of 17.18%. During the same quarter in the previous year, the company posted $3.10 earnings per share. As a group, equities research analysts predict that PulteGroup, Inc. will post 12.32 EPS for the current year.

PulteGroup Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Tuesday, June 17th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date is Tuesday, June 17th. PulteGroup's payout ratio is currently 6.21%.

PulteGroup Company 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.