PulteGroup, Inc. $PHM Holdings Boosted by UniSuper Management Pty Ltd

Key Points

• UniSuper Management Pty Ltd increased its stake in PulteGroup, Inc. by 9.5%, bringing its total shares to 24,289 valued at approximately $2.50 million.
• Several analysts have raised their price targets for PulteGroup, with Oppenheimer and Raymond James setting new targets at $140.00, reflecting a positive outlook on the stock.
• PulteGroup recently reported a quarterly earnings per share (EPS) of $3.03, exceeding estimates, despite a 4.3% year-over-year revenue decline to $4.40 billion.

UniSuper Management Pty Ltd boosted its stake in PulteGroup, Inc. (NYSE:PHM - Free Report) by 9.5% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 24,289 shares of the construction company's stock after buying an additional 2,114 shares during the quarter. UniSuper Management Pty Ltd's holdings in PulteGroup were worth $2,497,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Tocqueville Asset Management L.P. raised its holdings in PulteGroup by 2.0% in the 1st quarter. Tocqueville Asset Management L.P. now owns 5,062 shares of the construction company's stock valued at $520,000 after acquiring an additional 100 shares during the last quarter. NDVR Inc. raised its holdings in PulteGroup by 6.0% in the 4th quarter. NDVR Inc. now owns 1,984 shares of the construction company's stock valued at $216,000 after acquiring an additional 112 shares during the last quarter. Golden State Wealth Management LLC raised its holdings in PulteGroup by 15.9% in the 1st quarter. Golden State Wealth Management LLC now owns 909 shares of the construction company's stock valued at $93,000 after acquiring an additional 125 shares during the last quarter. Signaturefd LLC raised its holdings in PulteGroup by 1.9% in the 1st quarter. Signaturefd LLC now owns 6,644 shares of the construction company's stock valued at $683,000 after acquiring an additional 127 shares during the last quarter. Finally, McGlone Suttner Wealth Management Inc. increased its holdings in shares of PulteGroup by 6.3% during the 1st quarter. McGlone Suttner Wealth Management Inc. now owns 2,234 shares of the construction company's stock worth $230,000 after buying an additional 133 shares during the last quarter. Hedge funds and other institutional investors own 89.90% of the company's stock.

PulteGroup Stock Down 1.1%

NYSE:PHM traded down $1.51 on Friday, reaching $137.15. The stock had a trading volume of 1,266,161 shares, compared to its average volume of 1,902,088. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average of $123.37 and a 200 day moving average of $109.25. The stock has a market cap of $27.06 billion, a P/E ratio of 10.25, a price-to-earnings-growth ratio of 0.41 and a beta of 1.27. PulteGroup, Inc. has a 12-month low of $88.07 and a 12-month high of $149.47.

PulteGroup (NYSE:PHM - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.03 EPS for the quarter, topping the consensus estimate of $2.92 by $0.11. PulteGroup had a net margin of 15.50% and a return on equity of 21.01%. The business had revenue of $4.40 billion for the quarter, compared to analysts' expectations of $4.42 billion. During the same quarter last year, the company posted $3.83 earnings per share. The company's quarterly revenue was down 4.3% compared to the same quarter last year. On average, research analysts predict that PulteGroup, Inc. will post 12.32 earnings per share for the current year.

PulteGroup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Tuesday, September 16th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $0.88 annualized dividend and a dividend yield of 0.6%. PulteGroup's dividend payout ratio (DPR) is presently 6.58%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on PHM shares. JPMorgan Chase & Co. upped their price objective on PulteGroup from $121.00 to $123.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Wells Fargo & Company upped their price objective on PulteGroup from $135.00 to $150.00 and gave the stock an "overweight" rating in a report on Tuesday, September 2nd. Zacks Research upgraded PulteGroup from a "strong sell" rating to a "hold" rating in a report on Friday, August 29th. Raymond James Financial restated an "outperform" rating and set a $140.00 price objective (up from $115.00) on shares of PulteGroup in a report on Wednesday, July 23rd. Finally, Seaport Res Ptn upgraded PulteGroup from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, PulteGroup presently has an average rating of "Moderate Buy" and an average target price of $136.46.

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.