Xponance Inc. Has $4.01 Million Stock Position in PulteGroup, Inc. (NYSE:PHM)

Xponance Inc. grew its stake in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 38.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,993 shares of the construction company's stock after purchasing an additional 10,867 shares during the period. Xponance Inc.'s holdings in PulteGroup were worth $4,008,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in PHM. Kesler Norman & Wride LLC increased its position in shares of PulteGroup by 25.0% during the first quarter. Kesler Norman & Wride LLC now owns 7,742 shares of the construction company's stock worth $796,000 after acquiring an additional 1,550 shares in the last quarter. Fidelis Capital Partners LLC increased its position in shares of PulteGroup by 97.9% during the first quarter. Fidelis Capital Partners LLC now owns 8,675 shares of the construction company's stock worth $884,000 after acquiring an additional 4,291 shares in the last quarter. Genus Capital Management Inc. increased its position in shares of PulteGroup by 171.2% during the first quarter. Genus Capital Management Inc. now owns 4,040 shares of the construction company's stock worth $415,000 after acquiring an additional 9,713 shares in the last quarter. CFC Planning Co LLC bought a new stake in shares of PulteGroup during the first quarter worth about $245,000. Finally, True Vision MN LLC bought a new stake in shares of PulteGroup during the first quarter worth about $366,000. Institutional investors and hedge funds own 89.90% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. 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. Barclays decreased their target price on shares of PulteGroup from $100.00 to $98.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 23rd. UBS Group decreased their target price on shares of PulteGroup from $151.00 to $141.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Royal Bank Of Canada reduced their price objective on shares of PulteGroup from $116.00 to $109.00 and set a "sector perform" rating for the company in a research report on Wednesday, April 23rd. Finally, Wells Fargo & Company upped their price objective on shares of PulteGroup from $120.00 to $125.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, PulteGroup presently has an average rating of "Moderate Buy" and a consensus price target of $135.08.

PulteGroup Stock Down 0.8%

PulteGroup stock opened at $114.29 on Monday. PulteGroup, Inc. has a twelve month low of $88.07 and a twelve month high of $149.47. The firm has a 50 day moving average price of $103.47 and a 200-day moving average price of $104.75. The company has a market capitalization of $22.91 billion, a P/E ratio of 8.06, a P/E/G ratio of 0.33 and a beta of 1.29. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.13.

PulteGroup (NYSE:PHM - Get Free Report) last released its earnings results on Tuesday, April 22nd. The construction company reported $2.57 earnings per share for the quarter, beating analysts' consensus estimates of $2.47 by $0.10. PulteGroup had a net margin of 16.45% and a return on equity of 22.86%. The firm had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.86 billion. During the same period in the prior year, the firm earned $3.10 EPS. As a group, equities analysts predict that PulteGroup, Inc. will post 12.32 EPS for the current year.

PulteGroup Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Tuesday, June 17th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend was Tuesday, June 17th. PulteGroup's dividend payout ratio is currently 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.

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