KBC Group NV lowered its holdings in PulteGroup, Inc. (NYSE:PHM – Free Report) by 64.5% in the 4th quarter, HoldingsChannel reports. The firm owned 154,659 shares of the construction company’s stock after selling 281,266 shares during the quarter. KBC Group NV’s holdings in PulteGroup were worth $16,842,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of the business. Logan Capital Management Inc. increased its holdings in PulteGroup by 67.7% during the third quarter. Logan Capital Management Inc. now owns 14,797 shares of the construction company’s stock valued at $2,124,000 after buying an additional 5,976 shares during the period. Sanctuary Advisors LLC increased its holdings in shares of PulteGroup by 38.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 121,299 shares of the construction company’s stock valued at $17,410,000 after acquiring an additional 33,472 shares during the period. Trustmark National Bank Trust Department raised its position in shares of PulteGroup by 39.8% in the 3rd quarter. Trustmark National Bank Trust Department now owns 39,589 shares of the construction company’s stock worth $5,682,000 after acquiring an additional 11,269 shares in the last quarter. Systematic Financial Management LP lifted its stake in shares of PulteGroup by 3.9% during the 3rd quarter. Systematic Financial Management LP now owns 130,257 shares of the construction company’s stock worth $18,696,000 after purchasing an additional 4,840 shares during the last quarter. Finally, New Millennium Group LLC boosted its position in PulteGroup by 10,625.8% during the third quarter. New Millennium Group LLC now owns 9,546 shares of the construction company’s stock valued at $1,370,000 after purchasing an additional 9,457 shares in the last quarter. Hedge funds and other institutional investors own 89.90% of the company’s stock.
Wall Street Analysts Forecast Growth
PHM has been the subject of several analyst reports. Wedbush raised shares of PulteGroup from a “neutral” rating to an “outperform” rating and set a $135.00 price target for the company in a research report on Friday, January 3rd. StockNews.com cut shares of PulteGroup from a “buy” rating to a “hold” rating in a research report on Wednesday, December 11th. Barclays cut their price target on shares of PulteGroup from $140.00 to $125.00 and set an “equal weight” rating on the stock in a report on Thursday, January 16th. Wells Fargo & Company decreased their price objective on PulteGroup from $165.00 to $140.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. Finally, BTIG Research raised their price objective on PulteGroup from $139.00 to $156.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, PulteGroup presently has a consensus rating of “Moderate Buy” and an average price target of $142.29.
PulteGroup Stock Performance
PHM opened at $115.05 on Wednesday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.14. PulteGroup, Inc. has a 12-month low of $100.24 and a 12-month high of $149.47. The firm has a 50 day moving average of $118.80 and a two-hundred day moving average of $127.59. The firm has a market capitalization of $23.59 billion, a PE ratio of 8.48, a P/E/G ratio of 0.46 and a beta of 1.67.
PulteGroup Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Tuesday, December 17th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This is an increase from PulteGroup’s previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a yield of 0.76%. PulteGroup’s payout ratio is currently 6.49%.
PulteGroup 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.
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