Cambridge Investment Research Advisors Inc. Has $1.86 Million Position in PulteGroup, Inc. (NYSE:PHM)

Cambridge Investment Research Advisors Inc. lifted its holdings in shares of PulteGroup, Inc. (NYSE:PHMFree Report) by 10.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,049 shares of the construction company’s stock after buying an additional 1,762 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in PulteGroup were worth $1,863,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Quantbot Technologies LP bought a new position in shares of PulteGroup in the third quarter valued at $310,000. Banco Santander S.A. bought a new position in shares of PulteGroup in the 3rd quarter valued at about $446,000. Amalgamated Bank increased its stake in shares of PulteGroup by 32.3% during the 3rd quarter. Amalgamated Bank now owns 97,187 shares of the construction company’s stock worth $7,197,000 after purchasing an additional 23,718 shares during the last quarter. Argent Trust Co raised its holdings in shares of PulteGroup by 7.3% in the 3rd quarter. Argent Trust Co now owns 3,016 shares of the construction company’s stock valued at $223,000 after purchasing an additional 204 shares during the period. Finally, Atria Wealth Solutions Inc. acquired a new stake in PulteGroup in the 3rd quarter valued at about $332,000. 89.90% of the stock is currently owned by institutional investors and hedge funds.

PulteGroup Price Performance

PulteGroup stock opened at $112.89 on Wednesday. The firm has a market cap of $23.75 billion, a PE ratio of 9.04, a price-to-earnings-growth ratio of 0.52 and a beta of 1.59. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.85 and a quick ratio of 0.85. The stock’s fifty day moving average price is $114.30 and its two-hundred day moving average price is $107.07. PulteGroup, Inc. has a one year low of $68.47 and a one year high of $122.72.

PulteGroup (NYSE:PHMGet Free Report) last issued its quarterly earnings results on Tuesday, April 23rd. The construction company reported $2.87 EPS for the quarter, topping analysts’ consensus estimates of $2.36 by $0.51. The company had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $3.59 billion. PulteGroup had a return on equity of 25.81% and a net margin of 16.63%. As a group, research analysts expect that PulteGroup, Inc. will post 12.64 EPS for the current fiscal year.

PulteGroup Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages have weighed in on PHM. Raymond James reissued an “outperform” rating and set a $135.00 price target (up previously from $120.00) on shares of PulteGroup in a research report on Thursday, April 25th. StockNews.com raised PulteGroup from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th. Zelman & Associates raised shares of PulteGroup from a “neutral” rating to an “outperform” rating in a research report on Wednesday, April 24th. Jefferies Financial Group lifted their target price on shares of PulteGroup from $126.00 to $131.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Finally, Citigroup increased their price target on shares of PulteGroup from $127.00 to $129.00 and gave the company a “neutral” rating in a report on Friday, May 17th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $113.07.

Check Out Our Latest Stock Analysis on PulteGroup

About PulteGroup

(Free Report)

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.

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Institutional Ownership by Quarter for PulteGroup (NYSE:PHM)

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