SRN Advisors LLC Has $1.19 Million Stock Holdings in PulteGroup, Inc. (NYSE:PHM)

SRN Advisors LLC boosted its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 5.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,880 shares of the construction company’s stock after purchasing an additional 466 shares during the period. SRN Advisors LLC’s holdings in PulteGroup were worth $1,192,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. lifted its holdings in PulteGroup by 2.9% during the fourth quarter. First Horizon Advisors Inc. now owns 3,594 shares of the construction company’s stock worth $371,000 after acquiring an additional 100 shares in the last quarter. Tocqueville Asset Management L.P. raised its position in shares of PulteGroup by 2.0% during the first quarter. Tocqueville Asset Management L.P. now owns 5,092 shares of the construction company’s stock worth $614,000 after purchasing an additional 101 shares during the period. Global Retirement Partners LLC lifted its holdings in shares of PulteGroup by 4.9% during the 1st quarter. Global Retirement Partners LLC now owns 2,226 shares of the construction company’s stock valued at $269,000 after purchasing an additional 103 shares in the last quarter. NBC Securities Inc. grew its position in shares of PulteGroup by 2.4% in the 1st quarter. NBC Securities Inc. now owns 4,774 shares of the construction company’s stock valued at $575,000 after purchasing an additional 112 shares during the period. Finally, Accurate Wealth Management LLC increased its stake in PulteGroup by 6.8% during the 1st quarter. Accurate Wealth Management LLC now owns 2,051 shares of the construction company’s stock worth $247,000 after purchasing an additional 130 shares in the last quarter. 89.90% of the stock is owned by institutional investors and hedge funds.

PulteGroup Stock Down 1.2 %

PHM traded down $1.61 during trading on Friday, reaching $127.67. 1,964,243 shares of the stock were exchanged, compared to its average volume of 2,378,011. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.76 and a current ratio of 0.76. The stock’s 50 day moving average price is $115.85 and its two-hundred day moving average price is $112.47. PulteGroup, Inc. has a twelve month low of $68.80 and a twelve month high of $135.62. The stock has a market cap of $26.85 billion, a P/E ratio of 10.22, a price-to-earnings-growth ratio of 0.53 and a beta of 1.61.

PulteGroup (NYSE:PHM) last released its quarterly earnings data on Tuesday, July 23rd. The construction company reported $3.83 earnings per share for the quarter, topping the consensus estimate of $3.27 by $0.56. PulteGroup had a net margin of 16.75% and a return on equity of 25.67%. The company had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.49 billion. During the same period in the previous year, the business earned $3.00 EPS. PulteGroup’s revenue for the quarter was up 9.8% compared to the same quarter last year. Equities analysts expect that PulteGroup, Inc. will post 12.85 EPS for the current year.

PulteGroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 2nd. Shareholders of record on Tuesday, June 18th were paid a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, June 18th. This represents a $0.80 annualized dividend and a yield of 0.63%. PulteGroup’s dividend payout ratio is 6.41%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on PHM. Bank of America lifted their price target on shares of PulteGroup from $135.00 to $138.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Oppenheimer increased their target price on PulteGroup from $143.00 to $151.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. BTIG Research boosted their price target on PulteGroup from $133.00 to $139.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Jefferies Financial Group increased their price objective on PulteGroup from $126.00 to $131.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Finally, Citigroup dropped their target price on PulteGroup from $129.00 to $117.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 2nd. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $133.14.

About PulteGroup

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.