3,786 Shares in PulteGroup, Inc. (NYSE:PHM) Purchased by NorthRock Partners LLC

NorthRock Partners LLC purchased a new stake in PulteGroup, Inc. (NYSE:PHM - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 3,786 shares of the construction company's stock, valued at approximately $412,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Franklin Resources Inc. grew its stake in PulteGroup by 6.1% during the 4th quarter. Franklin Resources Inc. now owns 11,937,866 shares of the construction company's stock worth $1,300,034,000 after buying an additional 683,592 shares during the last quarter. Geode Capital Management LLC grew its stake in PulteGroup by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 5,120,878 shares of the construction company's stock worth $556,465,000 after buying an additional 64,947 shares during the last quarter. Norges Bank purchased a new position in PulteGroup during the 4th quarter worth $427,562,000. Northern Trust Corp grew its stake in PulteGroup by 14.9% during the 4th quarter. Northern Trust Corp now owns 2,425,941 shares of the construction company's stock worth $264,185,000 after buying an additional 315,148 shares during the last quarter. Finally, Deutsche Bank AG grew its stake in PulteGroup by 14.3% during the 4th quarter. Deutsche Bank AG now owns 1,859,029 shares of the construction company's stock worth $202,448,000 after buying an additional 232,939 shares during the last quarter. 89.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PHM has been the topic of several research analyst reports. Evercore ISI boosted their target price on PulteGroup from $161.00 to $165.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 23rd. Barclays lowered their price target on 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 lowered their price target on PulteGroup from $151.00 to $141.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Oppenheimer lowered their price target on PulteGroup from $165.00 to $150.00 and set an "outperform" rating for the company in a research report on Friday, January 31st. Finally, Wedbush reaffirmed an "outperform" rating and set a $135.00 price target on shares of PulteGroup in a research report on Tuesday, April 22nd. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $134.69.

PulteGroup Stock Performance

Shares of PHM stock traded down $1.90 on Tuesday, hitting $101.17. The company had a trading volume of 1,283,288 shares, compared to its average volume of 1,996,651. The firm has a market cap of $20.28 billion, a P/E ratio of 6.88, a price-to-earnings-growth ratio of 0.29 and a beta of 1.37. The company has a 50-day moving average price of $100.85 and a 200-day moving average price of $110.81. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.13. PulteGroup, Inc. has a twelve month low of $88.07 and a twelve month high of $149.47.

PulteGroup (NYSE:PHM - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $3.89 billion during the quarter, compared to analysts' expectations of $3.86 billion. PulteGroup had a return on equity of 24.43% and a net margin of 17.18%. During the same quarter in the previous year, the firm posted $3.10 EPS. As a group, equities research analysts predict that PulteGroup, Inc. will post 12.32 earnings per share for the current fiscal year.

PulteGroup Dividend Announcement

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

PulteGroup declared that its board has authorized a share repurchase program on Thursday, January 30th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the construction company to reacquire up to 6.2% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's management believes its stock is undervalued.

PulteGroup 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.