LS Investment Advisors LLC increased its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 17.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,486 shares of the construction company’s stock after purchasing an additional 3,205 shares during the quarter. LS Investment Advisors LLC’s holdings in PulteGroup were worth $558,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Focused Wealth Management Inc grew its stake in shares of PulteGroup by 17.6% during the fourth quarter. Focused Wealth Management Inc now owns 4,000 shares of the construction company’s stock valued at $104,000 after purchasing an additional 600 shares during the last quarter. Evolution Wealth Advisors LLC bought a new stake in shares of PulteGroup during the fourth quarter valued at approximately $117,000. Providence Capital Advisors LLC bought a new position in PulteGroup in the fourth quarter valued at approximately $124,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in PulteGroup in the third quarter valued at approximately $145,000. Finally, Rehmann Capital Advisory Group boosted its stake in PulteGroup by 17.3% in the third quarter. Rehmann Capital Advisory Group now owns 7,256 shares of the construction company’s stock valued at $180,000 after acquiring an additional 1,069 shares during the last quarter. 88.49% of the stock is currently owned by institutional investors and hedge funds.
PHM opened at $26.61 on Monday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $7.37 billion, a price-to-earnings ratio of 7.41, a PEG ratio of 1.23 and a beta of 0.81. PulteGroup, Inc. has a twelve month low of $20.64 and a twelve month high of $33.04.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 3rd. Shareholders of record on Friday, March 15th will be paid a $0.11 dividend. The ex-dividend date is Thursday, March 14th. This represents a $0.44 annualized dividend and a yield of 1.65%. PulteGroup’s payout ratio is currently 12.26%.
PHM has been the topic of a number of recent research reports. Deutsche Bank reaffirmed a “hold” rating and issued a $24.00 price objective (down from $34.00) on shares of PulteGroup in a research note on Monday, October 22nd. BTIG Research raised shares of PulteGroup from a “sell” rating to a “neutral” rating and set a $24.00 price objective on the stock in a research note on Wednesday, October 24th. Royal Bank of Canada cut shares of PulteGroup from a “sector perform” rating to an “underperform” rating and set a $25.00 price objective on the stock. in a research note on Friday, January 11th. They noted that the move was a valuation call. Bank of America cut shares of PulteGroup from a “buy” rating to a “neutral” rating and set a $28.00 price objective on the stock. in a research note on Thursday, October 18th. Finally, Evercore ISI raised shares of PulteGroup to an “outperform” rating and reduced their price objective for the company from $29.00 to $28.00 in a research note on Thursday, October 25th. They noted that the move was a valuation call. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company’s stock. PulteGroup has an average rating of “Hold” and a consensus target price of $28.36.
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PulteGroup Company Profile
PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. The company is involved in the acquisition and development of land primarily for residential purposes; and the construction of 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 names.
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