Woodline Partners LP Has $23.18 Million Holdings in PulteGroup, Inc. $PHM

Key Points

• Woodline Partners LP increased its stake in PulteGroup by 13%, acquiring 25,921 additional shares, bringing its total ownership to 225,440 shares valued at approximately $23.2 million.
• Institutional investors collectively own 89.90% of PulteGroup's stock, indicating strong institutional confidence in the company's performance.
• PulteGroup has recently reported earnings per share (EPS) of $3.03 for the last quarter, exceeding analyst expectations and showing a decline in revenue by 4.3% compared to the prior year.

Woodline Partners LP increased its holdings in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 13.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 225,440 shares of the construction company's stock after acquiring an additional 25,921 shares during the period. Woodline Partners LP owned about 0.11% of PulteGroup worth $23,175,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of PHM. Fiduciary Trust Co grew its position in PulteGroup by 19.5% during the 4th quarter. Fiduciary Trust Co now owns 2,593 shares of the construction company's stock worth $282,000 after acquiring an additional 423 shares during the last quarter. Ensign Peak Advisors Inc grew its position in PulteGroup by 4.1% during the 4th quarter. Ensign Peak Advisors Inc now owns 101,163 shares of the construction company's stock worth $11,017,000 after acquiring an additional 4,005 shares during the last quarter. Focus Partners Wealth grew its position in PulteGroup by 8.6% during the 4th quarter. Focus Partners Wealth now owns 10,389 shares of the construction company's stock worth $1,133,000 after acquiring an additional 827 shares during the last quarter. Graham Capital Management L.P. bought a new stake in PulteGroup during the 4th quarter worth approximately $958,000. Finally, Jefferies Financial Group Inc. bought a new stake in PulteGroup during the 4th quarter worth approximately $2,963,000. 89.90% of the stock is currently owned by institutional investors.

PulteGroup Trading Down 1.1%

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

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

PulteGroup Announces Dividend

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 paid a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.6%. PulteGroup's dividend payout ratio is 6.58%.

Wall Street Analyst Weigh In

A number of research firms recently commented on PHM. Royal Bank Of Canada increased their price target on PulteGroup from $109.00 to $112.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. increased their price objective on PulteGroup from $121.00 to $123.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Citigroup increased their price objective on PulteGroup from $128.00 to $132.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Wedbush reiterated an "outperform" rating and issued a $150.00 price objective on shares of PulteGroup in a research report on Wednesday, August 13th. Finally, Wells Fargo & Company increased their price objective on PulteGroup from $135.00 to $150.00 and gave the company an "overweight" rating in a research report on Tuesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $136.46.

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.