Texas Permanent School Fund decreased its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 4.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 49,603 shares of the construction company’s stock after selling 2,370 shares during the period. Texas Permanent School Fund’s holdings in PulteGroup were worth $1,387,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Scout Investments Inc. grew its stake in PulteGroup by 249.7% in the 1st quarter. Scout Investments Inc. now owns 707,605 shares of the construction company’s stock worth $19,785,000 after acquiring an additional 505,265 shares during the period. Eqis Capital Management Inc. increased its position in shares of PulteGroup by 102.7% in the 4th quarter. Eqis Capital Management Inc. now owns 48,122 shares of the construction company’s stock worth $1,251,000 after purchasing an additional 24,384 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of PulteGroup by 36.6% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 329,218 shares of the construction company’s stock worth $8,556,000 after purchasing an additional 88,187 shares during the last quarter. Zweig DiMenna Associates LLC bought a new stake in shares of PulteGroup in the 4th quarter worth about $940,000. Finally, Advisor Group Inc. increased its position in shares of PulteGroup by 16.6% in the 4th quarter. Advisor Group Inc. now owns 62,958 shares of the construction company’s stock worth $1,635,000 after purchasing an additional 8,967 shares during the last quarter. Institutional investors and hedge funds own 84.54% of the company’s stock.
Several equities research analysts have recently weighed in on PHM shares. Zacks Investment Research raised shares of PulteGroup from a “sell” rating to a “buy” rating and set a $35.00 target price for the company in a research report on Thursday, April 25th. Credit Suisse Group set a $31.00 price objective on shares of PulteGroup and gave the company a “buy” rating in a research report on Friday, February 15th. Barclays set a $28.00 price objective on shares of PulteGroup and gave the company a “hold” rating in a research report on Thursday, March 28th. ValuEngine raised shares of PulteGroup from a “sell” rating to a “hold” rating in a research report on Saturday, February 23rd. Finally, Raymond James downgraded shares of PulteGroup from an “outperform” rating to a “market perform” rating in a research report on Thursday, February 14th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $28.53.
NYSE PHM traded up $0.33 on Friday, hitting $31.92. The stock had a trading volume of 12,901 shares, compared to its average volume of 3,220,728. PulteGroup, Inc. has a one year low of $20.64 and a one year high of $33.04. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.61. The stock has a market cap of $8.94 billion, a price-to-earnings ratio of 8.91, a price-to-earnings-growth ratio of 1.41 and a beta of 0.84.
PulteGroup (NYSE:PHM) last posted its earnings results on Tuesday, April 23rd. The construction company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.47 by $0.12. PulteGroup had a net margin of 9.97% and a return on equity of 21.65%. The firm had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same quarter in the prior year, the firm earned $0.59 EPS. PulteGroup’s quarterly revenue was up 1.4% on a year-over-year basis. As a group, equities research analysts expect that PulteGroup, Inc. will post 3.4 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Friday, June 14th will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.38%. The ex-dividend date is Thursday, June 13th. PulteGroup’s dividend payout ratio (DPR) is 12.26%.
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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.
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