Universal Beteiligungs und Servicegesellschaft mbH Takes $16.22 Million Position in PulteGroup, Inc. (NYSE:PHM)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in PulteGroup, Inc. (NYSE:PHM - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 148,967 shares of the construction company's stock, valued at approximately $16,223,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.07% of PulteGroup at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PHM. Hager Investment Management Services LLC acquired a new stake in PulteGroup during the fourth quarter worth about $29,000. Ameriflex Group Inc. purchased a new stake in shares of PulteGroup during the 4th quarter worth about $37,000. TD Waterhouse Canada Inc. increased its position in PulteGroup by 43.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 349 shares of the construction company's stock worth $38,000 after purchasing an additional 105 shares in the last quarter. R Squared Ltd purchased a new position in PulteGroup in the fourth quarter valued at approximately $39,000. Finally, Quarry LP acquired a new position in PulteGroup during the fourth quarter valued at approximately $43,000. Hedge funds and other institutional investors own 89.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Royal Bank of Canada lowered their target price on 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 boosted their target price on shares of PulteGroup from $161.00 to $165.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 23rd. Wedbush restated an "outperform" rating and issued a $135.00 target price on shares of PulteGroup in a research note on Tuesday, April 22nd. UBS Group dropped their price target on shares of PulteGroup from $151.00 to $141.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Finally, Oppenheimer cut their price objective on shares of PulteGroup from $165.00 to $150.00 and set an "outperform" rating on the stock in a report on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, PulteGroup presently has a consensus rating of "Moderate Buy" and a consensus price target of $134.69.

PulteGroup Stock Performance

Shares of NYSE:PHM traded down $0.45 during trading on Friday, hitting $98.09. 3,156,068 shares of the company traded hands, compared to its average volume of 2,014,456. The stock has a market capitalization of $19.66 billion, a price-to-earnings ratio of 6.67, a PEG ratio of 0.29 and a beta of 1.37. The business's fifty day moving average is $99.92 and its 200-day moving average is $109.08. PulteGroup, Inc. has a one year low of $88.07 and a one year high of $149.47. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.13.

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 (EPS) for the quarter, topping analysts' consensus estimates of $2.47 by $0.10. PulteGroup had a return on equity of 24.43% and a net margin of 17.18%. The business had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.86 billion. During the same period in the prior year, the company posted $3.10 EPS. As a group, equities analysts predict that PulteGroup, Inc. will post 12.32 earnings per share for the current fiscal year.

PulteGroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors 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 yield of 0.90%. The ex-dividend date of this dividend is Tuesday, June 17th. PulteGroup's dividend payout ratio (DPR) is 6.21%.

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.