Universal Beteiligungs und Servicegesellschaft mbH Has $15.90 Million Stake in PulteGroup, Inc. (NYSE:PHM)

Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 3.8% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 154,634 shares of the construction company's stock after purchasing an additional 5,667 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.08% of PulteGroup worth $15,896,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of PHM. Proficio Capital Partners LLC bought a new position in PulteGroup during the fourth quarter worth about $73,000. LPL Financial LLC boosted its holdings in shares of PulteGroup by 11.2% during the fourth quarter. LPL Financial LLC now owns 390,579 shares of the construction company's stock worth $42,534,000 after acquiring an additional 39,321 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of PulteGroup by 2.9% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 316,252 shares of the construction company's stock worth $34,804,000 after acquiring an additional 8,996 shares during the period. Elo Mutual Pension Insurance Co boosted its holdings in shares of PulteGroup by 21.4% during the fourth quarter. Elo Mutual Pension Insurance Co now owns 22,618 shares of the construction company's stock worth $2,463,000 after acquiring an additional 3,991 shares during the period. Finally, NEOS Investment Management LLC boosted its holdings in shares of PulteGroup by 29.2% during the fourth quarter. NEOS Investment Management LLC now owns 10,985 shares of the construction company's stock worth $1,196,000 after acquiring an additional 2,485 shares during the period. Institutional investors own 89.90% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PHM. Wells Fargo & Company boosted their price objective on PulteGroup from $125.00 to $135.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. UBS Group boosted their price objective on PulteGroup from $141.00 to $150.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Seaport Res Ptn upgraded shares of PulteGroup from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 22nd. Raymond James Financial reiterated an "outperform" rating and issued a $140.00 price target (up from $115.00) on shares of PulteGroup in a research report on Wednesday, July 23rd. Finally, Citigroup lifted their price target on shares of PulteGroup from $128.00 to $132.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Six equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $134.15.

PulteGroup Price Performance

Shares of PulteGroup stock traded up $0.42 during trading on Monday, reaching $116.77. 258,184 shares of the company's stock were exchanged, compared to its average volume of 2,186,134. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 0.77. PulteGroup, Inc. has a 1-year low of $88.07 and a 1-year high of $149.47. The company has a market cap of $23.04 billion, a P/E ratio of 8.75, a PEG ratio of 0.34 and a beta of 1.29. The firm's 50-day moving average price is $105.38 and its 200 day moving average price is $105.02.

PulteGroup (NYSE:PHM - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.92 by $0.11. The company had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.42 billion. PulteGroup had a net margin of 15.50% and a return on equity of 21.01%. The company's revenue for the quarter was down 4.3% compared to the same quarter last year. During the same period in the prior year, the business earned $3.83 earnings per share. As a group, research analysts anticipate 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 was paid on Wednesday, July 2nd. Stockholders of record on Tuesday, June 17th were issued a dividend of $0.22 per share. The ex-dividend date was Tuesday, June 17th. This represents a $0.88 annualized dividend and a dividend yield of 0.75%. PulteGroup's dividend payout ratio (DPR) is presently 6.58%.

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.