Vident Advisory LLC Has $2.38 Million Stock Position in PulteGroup, Inc. $PHM

Key Points

• Vident Advisory LLC increased its stake in PulteGroup, Inc. by 45.6%, acquiring an additional 7,265 shares, bringing their total to 23,181 shares valued at approximately $2.38 million.
• PulteGroup reported $3.03 EPS in its latest quarter, surpassing analysts' expectations, despite experiencing a 4.3% decline in revenue year-over-year.
• Multiple analysts have recently upgraded their target prices for PulteGroup, with the average consensus now at $135.31, indicating a generally positive outlook for the stock.

Vident Advisory LLC boosted its holdings in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 45.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,181 shares of the construction company's stock after buying an additional 7,265 shares during the quarter. Vident Advisory LLC's holdings in PulteGroup were worth $2,383,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Tocqueville Asset Management L.P. boosted its stake in shares of PulteGroup by 2.0% during the 1st quarter. Tocqueville Asset Management L.P. now owns 5,062 shares of the construction company's stock worth $520,000 after acquiring an additional 100 shares in the last quarter. NDVR Inc. lifted its holdings in PulteGroup by 6.0% in the 4th quarter. NDVR Inc. now owns 1,984 shares of the construction company's stock worth $216,000 after purchasing an additional 112 shares during the last quarter. Golden State Wealth Management LLC boosted its position in PulteGroup by 15.9% during the first quarter. Golden State Wealth Management LLC now owns 909 shares of the construction company's stock worth $93,000 after purchasing an additional 125 shares during the period. Signaturefd LLC boosted its position in PulteGroup by 1.9% during the first quarter. Signaturefd LLC now owns 6,644 shares of the construction company's stock worth $683,000 after purchasing an additional 127 shares during the period. Finally, McGlone Suttner Wealth Management Inc. grew its holdings in PulteGroup by 6.3% during the first quarter. McGlone Suttner Wealth Management Inc. now owns 2,234 shares of the construction company's stock valued at $230,000 after purchasing an additional 133 shares during the last quarter. 89.90% of the stock is currently owned by institutional investors.

PulteGroup Stock Performance

Shares of NYSE PHM traded up $2.92 during mid-day trading on Friday, hitting $140.53. The company had a trading volume of 2,189,499 shares, compared to its average volume of 1,937,428. PulteGroup, Inc. has a 12 month low of $88.07 and a 12 month high of $149.47. The firm has a market cap of $27.73 billion, a P/E ratio of 10.50, a PEG ratio of 0.41 and a beta of 1.26. The business's 50-day simple moving average is $120.49 and its 200-day simple moving average is $108.13. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.77 and a quick ratio of 0.77.

PulteGroup (NYSE:PHM - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The construction company reported $3.03 EPS for the quarter, topping analysts' consensus estimates 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 firm's revenue for the quarter was down 4.3% compared to the same quarter last year. During the same period last year, the firm earned $3.83 EPS. As a group, analysts predict that PulteGroup, Inc. will post 12.32 earnings per share for the current fiscal year.

PulteGroup Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of PulteGroup from $121.00 to $123.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Raymond James Financial restated an "outperform" rating and set a $140.00 price target (up from $115.00) on shares of PulteGroup in a report on Wednesday, July 23rd. UBS Group lifted their price objective on PulteGroup from $141.00 to $150.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Seaport Res Ptn raised PulteGroup from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 22nd. Finally, Royal Bank Of Canada raised their target price on PulteGroup from $109.00 to $112.00 and gave the company a "sector perform" rating in a report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, PulteGroup currently has an average rating of "Moderate Buy" and a consensus price target of $136.46.

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.