CreativeOne Wealth LLC Purchases 222 Shares of PulteGroup, Inc. (NYSE:PHM)

CreativeOne Wealth LLC raised its position in shares of PulteGroup, Inc. (NYSE:PHM) by 5.3% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,449 shares of the construction company’s stock after purchasing an additional 222 shares during the quarter. CreativeOne Wealth LLC’s holdings in PulteGroup were worth $536,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Putnam Investments LLC boosted its holdings in shares of PulteGroup by 1.8% in the fourth quarter. Putnam Investments LLC now owns 11,008,695 shares of the construction company’s stock worth $1,136,318,000 after buying an additional 197,656 shares during the last quarter. Norges Bank bought a new stake in shares of PulteGroup during the fourth quarter valued at approximately $381,960,000. Allianz Asset Management GmbH increased its position in PulteGroup by 38.3% in the fourth quarter. Allianz Asset Management GmbH now owns 1,892,229 shares of the construction company’s stock worth $195,316,000 after purchasing an additional 523,623 shares during the last quarter. Los Angeles Capital Management LLC increased its position in PulteGroup by 0.5% in the first quarter. Los Angeles Capital Management LLC now owns 1,434,016 shares of the construction company’s stock worth $172,971,000 after purchasing an additional 7,397 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in PulteGroup by 40.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 733,804 shares of the construction company’s stock valued at $88,511,000 after acquiring an additional 212,837 shares during the last quarter. 89.90% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PHM. Raymond James boosted their target price on shares of PulteGroup from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Thursday. BTIG Research increased their price target on shares of PulteGroup from $133.00 to $139.00 and gave the company a “buy” rating in a research report on Wednesday. Royal Bank of Canada increased their price target on shares of PulteGroup from $113.00 to $120.00 and gave the company a “sector perform” rating in a research report on Wednesday. Barclays increased their price target on shares of PulteGroup from $131.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Evercore ISI increased their price target on shares of PulteGroup from $183.00 to $189.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, PulteGroup currently has an average rating of “Moderate Buy” and a consensus target price of $129.93.

PulteGroup Trading Up 3.6 %

Shares of PHM traded up $4.55 during midday trading on Friday, reaching $129.55. The company had a trading volume of 1,358,612 shares, compared to its average volume of 1,840,188. PulteGroup, Inc. has a 1-year low of $68.80 and a 1-year high of $130.90. The stock has a market cap of $26.88 billion, a PE ratio of 10.01, a price-to-earnings-growth ratio of 0.52 and a beta of 1.61. The firm has a 50 day simple moving average of $114.10 and a 200-day simple moving average of $111.32. The company has a quick ratio of 0.85, a current ratio of 0.76 and a debt-to-equity ratio of 0.15.

PulteGroup (NYSE:PHM) last issued its quarterly earnings data on Tuesday, July 23rd. The construction company reported $3.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.27 by $0.56. The firm had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $4.49 billion. PulteGroup had a return on equity of 25.67% and a net margin of 16.75%. The company’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period last year, the company earned $3.00 EPS. Research analysts forecast that PulteGroup, Inc. will post 12.68 EPS for the current fiscal year.

PulteGroup Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 2nd. Shareholders of record on Tuesday, June 18th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.62%. The ex-dividend date was Tuesday, June 18th. PulteGroup’s dividend payout ratio is currently 6.41%.

PulteGroup Company 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.