PulteGroup, Inc. (NYSE:PHM) Shares Acquired by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lifted its holdings in shares of PulteGroup, Inc. (NYSE:PHMFree Report) by 0.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,434,016 shares of the construction company’s stock after buying an additional 7,397 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.68% of PulteGroup worth $172,971,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in PHM. Atria Wealth Solutions Inc. acquired a new position in PulteGroup in the 3rd quarter valued at $332,000. PNC Financial Services Group Inc. grew its holdings in PulteGroup by 27.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 32,235 shares of the construction company’s stock valued at $2,387,000 after buying an additional 7,040 shares in the last quarter. DekaBank Deutsche Girozentrale grew its holdings in PulteGroup by 3.8% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 93,047 shares of the construction company’s stock valued at $6,959,000 after buying an additional 3,381 shares in the last quarter. Kestra Advisory Services LLC grew its holdings in PulteGroup by 49.1% in the 3rd quarter. Kestra Advisory Services LLC now owns 15,007 shares of the construction company’s stock valued at $1,111,000 after buying an additional 4,945 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. purchased a new stake in PulteGroup in the 3rd quarter valued at $601,000. 89.90% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on PHM shares. Jefferies Financial Group upped their target price on PulteGroup from $126.00 to $131.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Royal Bank of Canada upped their target price on PulteGroup from $106.00 to $113.00 and gave the company a “sector perform” rating in a report on Wednesday, April 24th. Zelman & Associates upgraded PulteGroup from a “neutral” rating to an “outperform” rating in a report on Wednesday, April 24th. Raymond James restated an “outperform” rating and issued a $135.00 target price (up from $120.00) on shares of PulteGroup in a report on Thursday, April 25th. Finally, StockNews.com upgraded PulteGroup from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, PulteGroup presently has a consensus rating of “Moderate Buy” and a consensus price target of $113.07.

Check Out Our Latest Research Report on PulteGroup

PulteGroup Trading Down 2.7 %

PulteGroup stock traded down $3.06 during midday trading on Wednesday, reaching $111.14. 1,916,849 shares of the stock traded hands, compared to its average volume of 1,474,277. The company has a 50-day simple moving average of $113.67 and a two-hundred day simple moving average of $108.86. PulteGroup, Inc. has a 12-month low of $68.80 and a 12-month high of $122.72. The firm has a market cap of $23.38 billion, a PE ratio of 8.90, a price-to-earnings-growth ratio of 0.51 and a beta of 1.59. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.18.

PulteGroup (NYSE:PHMGet Free Report) last announced its earnings results on Tuesday, April 23rd. The construction company reported $2.87 EPS for the quarter, beating analysts’ consensus estimates of $2.36 by $0.51. PulteGroup had a return on equity of 25.81% and a net margin of 16.63%. The company had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $3.59 billion. Research analysts expect that PulteGroup, Inc. will post 12.64 earnings per share for the current fiscal year.

PulteGroup Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Tuesday, June 18th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Tuesday, June 18th. PulteGroup’s dividend payout ratio is presently 6.41%.

About PulteGroup

(Free Report)

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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Institutional Ownership by Quarter for PulteGroup (NYSE:PHM)

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