Commonwealth Equity Services LLC Increases Position in PulteGroup, Inc. (NYSE:PHM)

Commonwealth Equity Services LLC boosted its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 2.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,058 shares of the construction company’s stock after buying an additional 513 shares during the quarter. Commonwealth Equity Services LLC’s holdings in PulteGroup were worth $651,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc increased its position in shares of PulteGroup by 8.5% in the third quarter. Vanguard Group Inc now owns 30,373,220 shares of the construction company’s stock worth $752,345,000 after acquiring an additional 2,378,937 shares in the last quarter. BlackRock Inc. grew its holdings in PulteGroup by 1.5% during the 4th quarter. BlackRock Inc. now owns 20,107,766 shares of the construction company’s stock valued at $522,601,000 after purchasing an additional 295,872 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in PulteGroup by 5.3% during the 4th quarter. Bank of New York Mellon Corp now owns 9,212,408 shares of the construction company’s stock valued at $239,431,000 after purchasing an additional 462,613 shares in the last quarter. LSV Asset Management grew its holdings in PulteGroup by 2.5% during the 4th quarter. LSV Asset Management now owns 8,321,696 shares of the construction company’s stock valued at $216,280,000 after purchasing an additional 199,009 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in PulteGroup by 6.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 8,169,124 shares of the construction company’s stock valued at $202,356,000 after purchasing an additional 497,053 shares in the last quarter. Institutional investors own 87.83% of the company’s stock.

A number of equities research analysts recently weighed in on PHM shares. Credit Suisse Group set a $31.00 price target on shares of PulteGroup and gave the company a “buy” rating in a report on Friday, February 15th. ValuEngine raised shares of PulteGroup from a “sell” rating to a “hold” rating in a report on Tuesday, December 18th. Barclays set a $28.00 price objective on shares of PulteGroup and gave the stock a “hold” rating in a report on Thursday, March 28th. Zacks Investment Research raised shares of PulteGroup from a “sell” rating to a “hold” rating in a report on Wednesday, April 3rd. Finally, Raymond James lowered shares of PulteGroup from an “outperform” rating to a “market perform” rating in a report on Thursday, February 14th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $28.46.

NYSE:PHM traded up $0.11 during mid-day trading on Monday, hitting $29.50. The stock had a trading volume of 1,818,936 shares, compared to its average volume of 4,956,167. The company has a market cap of $8.16 billion, a PE ratio of 8.22, a P/E/G ratio of 1.40 and a beta of 0.79. PulteGroup, Inc. has a 52 week low of $20.64 and a 52 week high of $33.04. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.63.

PulteGroup (NYSE:PHM) last issued its quarterly earnings data on Tuesday, January 29th. The construction company reported $1.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.02. The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.90 billion. PulteGroup had a net margin of 10.03% and a return on equity of 22.51%. PulteGroup’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period last year, the firm posted $0.85 EPS. As a group, equities analysts anticipate that PulteGroup, Inc. will post 3.11 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Friday, March 15th were paid a dividend of $0.11 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.44 annualized dividend and a yield of 1.49%. PulteGroup’s payout ratio is 12.26%.

In other PulteGroup news, insider Ryan Marshall sold 15,000 shares of the firm’s stock in a transaction dated Friday, February 22nd. The shares were sold at an average price of $27.81, for a total transaction of $417,150.00. Following the transaction, the insider now owns 453,996 shares of the company’s stock, valued at approximately $12,625,628.76. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.49% of the stock is currently owned by company insiders.

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PulteGroup Company Profile

PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. The company acquires and develops land primarily for residential purposes; and constructs housing on such land. It offers various home designs, including single-family detached, townhouses, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, and John Wieland Homes and Neighborhoods brand names.

Further Reading: What are catch-up contributions?

Institutional Ownership by Quarter for PulteGroup (NYSE:PHM)

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