Inspire Investing LLC Has $1.08 Million Position in PulteGroup, Inc. (NYSE:PHM)

Inspire Investing LLC raised its stake in PulteGroup, Inc. (NYSE:PHM) by 24.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,874 shares of the construction company’s stock after acquiring an additional 1,966 shares during the period. Inspire Investing LLC’s holdings in PulteGroup were worth $1,075,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of PHM. Trust Co. of Oklahoma bought a new stake in PulteGroup during the fourth quarter worth about $277,000. Sharp Financial Services LLC increased its holdings in PulteGroup by 86.0% in the 4th quarter. Sharp Financial Services LLC now owns 2,660 shares of the construction company’s stock valued at $290,000 after buying an additional 1,230 shares during the period. Cetera Trust Company N.A raised its position in shares of PulteGroup by 8.4% in the 4th quarter. Cetera Trust Company N.A now owns 9,147 shares of the construction company’s stock valued at $996,000 after buying an additional 705 shares in the last quarter. Eads & Heald Wealth Management lifted its holdings in shares of PulteGroup by 33.9% during the 4th quarter. Eads & Heald Wealth Management now owns 3,552 shares of the construction company’s stock worth $387,000 after acquiring an additional 900 shares during the period. Finally, Aspire Private Capital LLC boosted its position in shares of PulteGroup by 7.8% during the 4th quarter. Aspire Private Capital LLC now owns 10,142 shares of the construction company’s stock worth $1,104,000 after acquiring an additional 734 shares in the last quarter. 89.90% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the stock. UBS Group upgraded shares of PulteGroup from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $154.00 to $148.00 in a research report on Wednesday, January 8th. StockNews.com cut PulteGroup from a “buy” rating to a “hold” rating in a report on Wednesday, December 11th. Wedbush raised PulteGroup from a “neutral” rating to an “outperform” rating and set a $135.00 price objective on the stock in a research note on Friday, January 3rd. Wells Fargo & Company lowered their target price on PulteGroup from $165.00 to $140.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. Finally, Oppenheimer reduced their price target on shares of PulteGroup from $168.00 to $165.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $144.14.

PulteGroup Price Performance

Shares of NYSE:PHM opened at $116.56 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.73 and a current ratio of 0.73. PulteGroup, Inc. has a 52 week low of $100.24 and a 52 week high of $149.47. The firm has a market cap of $23.90 billion, a PE ratio of 8.60, a price-to-earnings-growth ratio of 0.46 and a beta of 1.67. The firm’s fifty day moving average is $119.54 and its 200-day moving average is $127.27.

PulteGroup (NYSE:PHM) last announced its earnings results on Tuesday, October 22nd. The construction company reported $3.35 EPS for the quarter, topping the consensus estimate of $3.10 by $0.25. The firm had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.27 billion. PulteGroup had a return on equity of 25.30% and a net margin of 16.64%. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.90 EPS. Sell-side analysts predict that PulteGroup, Inc. will post 12.96 earnings per share for the current year.

PulteGroup Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Tuesday, December 17th were paid a $0.22 dividend. This is a positive change from PulteGroup’s previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date was Tuesday, December 17th. PulteGroup’s payout ratio is currently 6.49%.

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.