Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in PulteGroup, Inc. (NYSE:PHM – Free Report) by 1.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 38,931 shares of the construction company’s stock after buying an additional 687 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in PulteGroup were worth $3,024,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of PHM. Clear Street Markets LLC raised its holdings in PulteGroup by 90.9% in the first quarter. Clear Street Markets LLC now owns 441 shares of the construction company’s stock worth $26,000 after purchasing an additional 210 shares during the period. Coppell Advisory Solutions Corp. acquired a new stake in PulteGroup in the fourth quarter worth $26,000. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new stake in PulteGroup in the first quarter worth $28,000. Grove Bank & Trust raised its holdings in PulteGroup by 98.1% in the second quarter. Grove Bank & Trust now owns 410 shares of the construction company’s stock worth $32,000 after purchasing an additional 203 shares during the period. Finally, Money Concepts Capital Corp increased its position in shares of PulteGroup by 63.7% during the fourth quarter. Money Concepts Capital Corp now owns 840 shares of the construction company’s stock worth $38,000 after acquiring an additional 327 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.
PulteGroup Stock Performance
Shares of PHM opened at $88.30 on Monday. The firm has a 50-day moving average of $76.20 and a 200-day moving average of $76.25. PulteGroup, Inc. has a one year low of $42.05 and a one year high of $88.81. The company has a market cap of $19.04 billion, a PE ratio of 7.17, a price-to-earnings-growth ratio of 0.25 and a beta of 1.43. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.88 and a quick ratio of 0.88.
PulteGroup Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Tuesday, December 19th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend is Monday, December 18th. This is a boost from PulteGroup’s previous quarterly dividend of $0.16. PulteGroup’s dividend payout ratio (DPR) is currently 6.50%.
Wall Street Analyst Weigh In
PHM has been the subject of several research reports. Wedbush reissued a “neutral” rating and set a $85.00 price objective on shares of PulteGroup in a research report on Tuesday, October 24th. UBS Group increased their price objective on shares of PulteGroup from $81.00 to $105.00 and gave the stock a “buy” rating in a research report on Tuesday, July 25th. Raymond James lowered their price objective on shares of PulteGroup from $105.00 to $100.00 and set an “outperform” rating for the company in a research report on Thursday, October 26th. Wells Fargo & Company raised their target price on shares of PulteGroup from $80.00 to $92.00 and gave the company an “overweight” rating in a research report on Wednesday, November 8th. Finally, Credit Suisse Group raised their target price on shares of PulteGroup from $71.00 to $85.00 in a research report on Wednesday, July 26th. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.00.
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, American West, and John Wieland Homes and Neighborhoods brand names.
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