PulteGroup, Inc. (NYSE:PHM) Stock Holdings Lifted by Vest Financial LLC

Vest Financial LLC grew its stake in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 1,311.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 312,723 shares of the construction company's stock after buying an additional 290,564 shares during the period. Vest Financial LLC owned 0.15% of PulteGroup worth $32,148,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hager Investment Management Services LLC acquired a new position in shares of PulteGroup during the fourth quarter worth about $29,000. Ameriflex Group Inc. acquired a new stake in PulteGroup in the fourth quarter valued at $37,000. TD Waterhouse Canada Inc. boosted its stake in PulteGroup by 43.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 349 shares of the construction company's stock valued at $38,000 after acquiring an additional 105 shares during the last quarter. American National Bank & Trust bought a new stake in shares of PulteGroup in the 1st quarter worth about $39,000. Finally, Quarry LP bought a new stake in shares of PulteGroup in the 4th quarter worth about $43,000. 89.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PHM has been the subject of a number of research reports. UBS Group decreased their price target on PulteGroup from $151.00 to $141.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Royal Bank of Canada reduced their price target on shares of PulteGroup from $116.00 to $109.00 and set a "sector perform" rating on the stock in a research report on Wednesday, April 23rd. Evercore ISI boosted their price objective on shares of PulteGroup from $161.00 to $165.00 and gave the company an "outperform" rating in a research report on Wednesday, April 23rd. Wells Fargo & Company lowered their target price on PulteGroup from $140.00 to $120.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Finally, Seaport Res Ptn raised PulteGroup from a "strong sell" rating to a "hold" rating in a report on Thursday, March 6th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $134.69.

PulteGroup Price Performance

Shares of PulteGroup stock traded up $1.31 on Monday, hitting $101.54. The company had a trading volume of 1,098,032 shares, compared to its average volume of 2,013,095. PulteGroup, Inc. has a 52 week low of $88.07 and a 52 week high of $149.47. 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 company has a market cap of $20.35 billion, a PE ratio of 6.90, a PEG ratio of 0.29 and a beta of 1.29. The business has a 50-day simple moving average of $99.55 and a 200-day simple moving average of $107.82.

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 (EPS) for the quarter, beating the consensus estimate of $2.47 by $0.10. PulteGroup had a return on equity of 24.43% and a net margin of 17.18%. The company had revenue of $3.89 billion for the quarter, compared to analysts' expectations of $3.86 billion. During the same period last year, the firm earned $3.10 EPS. Research analysts expect that PulteGroup, Inc. will post 12.32 EPS for the current fiscal year.

PulteGroup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Tuesday, June 17th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.87%. The ex-dividend date is Tuesday, June 17th. PulteGroup's dividend payout ratio (DPR) is presently 6.21%.

About PulteGroup

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.