Cooper Financial Group trimmed its position in shares of PulteGroup, Inc. (NYSE:PHM – Free Report) by 16.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,691 shares of the construction company’s stock after selling 1,089 shares during the quarter. Cooper Financial Group’s holdings in PulteGroup were worth $620,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of PHM. FMR LLC raised its holdings in PulteGroup by 102.3% during the third quarter. FMR LLC now owns 9,040,828 shares of the construction company’s stock worth $1,297,630,000 after buying an additional 4,571,757 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of PulteGroup by 5.5% in the 3rd quarter. Franklin Resources Inc. now owns 11,254,274 shares of the construction company’s stock worth $1,647,364,000 after acquiring an additional 585,735 shares during the last quarter. Westfield Capital Management Co. LP bought a new position in PulteGroup in the 3rd quarter valued at about $66,485,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in PulteGroup by 357.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 521,958 shares of the construction company’s stock valued at $74,917,000 after acquiring an additional 407,764 shares in the last quarter. Finally, KBC Group NV increased its holdings in PulteGroup by 1,020.0% during the 3rd quarter. KBC Group NV now owns 435,925 shares of the construction company’s stock worth $62,568,000 after purchasing an additional 397,003 shares in the last quarter. 89.90% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of research firms have recently weighed in on PHM. UBS Group upgraded PulteGroup from a “neutral” rating to a “buy” rating and dropped their target price for the company from $154.00 to $148.00 in a report on Wednesday, January 8th. Wells Fargo & Company dropped their price objective on PulteGroup from $165.00 to $140.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. JPMorgan Chase & Co. reduced their target price on shares of PulteGroup from $162.00 to $155.00 and set an “overweight” rating for the company in a research note on Friday, December 13th. Citigroup dropped their price target on shares of PulteGroup from $146.00 to $119.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Finally, Barclays reaffirmed an “equal weight” rating and issued a $140.00 price objective (down from $150.00) on shares of PulteGroup in a research report on Wednesday, December 11th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, PulteGroup currently has a consensus rating of “Moderate Buy” and an average target price of $146.85.
PulteGroup Price Performance
Shares of NYSE PHM opened at $108.94 on Tuesday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.14. The stock has a fifty day simple moving average of $121.62 and a two-hundred day simple moving average of $126.91. PulteGroup, Inc. has a 1-year low of $100.24 and a 1-year high of $149.47. The firm has a market cap of $22.34 billion, a price-to-earnings ratio of 8.03, a price-to-earnings-growth ratio of 0.48 and a beta of 1.67.
PulteGroup (NYSE:PHM – Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The construction company reported $3.35 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.25. PulteGroup had a return on equity of 25.30% and a net margin of 16.64%. The company had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.27 billion. During the same quarter last year, the firm posted $2.90 EPS. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. Analysts anticipate that PulteGroup, Inc. will post 12.94 earnings per share for the current year.
PulteGroup Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Tuesday, December 17th were given a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $0.88 annualized dividend and a dividend yield of 0.81%. This is a positive change from PulteGroup’s previous quarterly dividend of $0.20. PulteGroup’s payout ratio is 6.49%.
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.
Featured Articles
- Five stocks we like better than PulteGroup
- How to Invest in Blue Chip Stocks
- 2 Stocks to Gain From Trump Universal Tariffs on Critical Imports
- What Are Trending Stocks? Trending Stocks Explained
- Rigetti Computing, Inc.: Buy, Sell, or Hold for 2025
- Compound Interest and Why It Matters When Investing
- Delta Can Fly to New Highs in 2025; Here’s Why
Want to see what other hedge funds are holding PHM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PulteGroup, Inc. (NYSE:PHM – Free Report).
Receive News & Ratings for PulteGroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PulteGroup and related companies with MarketBeat.com's FREE daily email newsletter.