PulteGroup, Inc. (NYSE:PHM) Shares Sold by Kapitalo Investimentos Ltda

Kapitalo Investimentos Ltda reduced its position in PulteGroup, Inc. (NYSE:PHM) by 67.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,926 shares of the construction company’s stock after selling 10,048 shares during the period. Kapitalo Investimentos Ltda’s holdings in PulteGroup were worth $508,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. HighPoint Advisor Group LLC acquired a new position in shares of PulteGroup in the fourth quarter worth about $540,000. PNC Financial Services Group Inc. raised its holdings in PulteGroup by 1.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 32,649 shares of the construction company’s stock worth $3,370,000 after purchasing an additional 414 shares during the period. Wahed Invest LLC boosted its position in PulteGroup by 3.9% during the fourth quarter. Wahed Invest LLC now owns 3,657 shares of the construction company’s stock worth $377,000 after purchasing an additional 137 shares in the last quarter. ICA Group Wealth Management LLC acquired a new stake in PulteGroup in the fourth quarter valued at approximately $101,000. Finally, Wellington Management Group LLP purchased a new stake in shares of PulteGroup in the fourth quarter valued at approximately $5,731,000. 89.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on PHM shares. Barclays lifted their price target on shares of PulteGroup from $126.00 to $136.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Zelman & Associates raised shares of PulteGroup from a “neutral” rating to an “outperform” rating in a research note on Wednesday, April 24th. Raymond James reiterated an “outperform” rating and set a $135.00 price objective (up from $120.00) on shares of PulteGroup in a research note on Thursday, April 25th. Oppenheimer raised their target price on PulteGroup from $138.00 to $143.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Finally, Citigroup boosted their price target on PulteGroup from $127.00 to $129.00 and gave the stock a “neutral” rating in a research report on Friday, May 17th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $113.07.

PulteGroup Trading Down 2.1 %

PulteGroup stock traded down $2.39 during mid-day trading on Tuesday, hitting $112.02. The company’s stock had a trading volume of 406,226 shares, compared to its average volume of 1,740,694. PulteGroup, Inc. has a 1 year low of $68.80 and a 1 year high of $122.72. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $23.56 billion, a PE ratio of 9.16, a price-to-earnings-growth ratio of 0.51 and a beta of 1.59. The stock’s fifty day moving average is $113.75 and its two-hundred day moving average is $108.72.

PulteGroup (NYSE:PHM) last issued its quarterly earnings data on Tuesday, April 23rd. The construction company reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.51. The firm had revenue of $3.95 billion for the quarter, compared to analyst estimates of $3.59 billion. PulteGroup had a net margin of 16.63% and a return on equity of 25.81%. On average, analysts anticipate that PulteGroup, Inc. will post 12.64 EPS for the current year.

PulteGroup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Tuesday, June 18th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend is Tuesday, June 18th. PulteGroup’s payout ratio is 6.41%.

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.