CenterBook Partners LP Has $416,000 Stock Position in PulteGroup, Inc. (NYSE:PHM)

CenterBook Partners LP decreased its position in shares of PulteGroup, Inc. (NYSE:PHMFree Report) by 55.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,026 shares of the construction company’s stock after selling 4,914 shares during the period. CenterBook Partners LP’s holdings in PulteGroup were worth $416,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Rakuten Securities Inc. acquired a new stake in shares of PulteGroup in the fourth quarter worth about $37,000. Lindbrook Capital LLC lifted its position in shares of PulteGroup by 335.6% in the fourth quarter. Lindbrook Capital LLC now owns 379 shares of the construction company’s stock worth $39,000 after buying an additional 292 shares during the last quarter. ORG Partners LLC lifted its position in shares of PulteGroup by 3,463.6% in the fourth quarter. ORG Partners LLC now owns 392 shares of the construction company’s stock worth $40,000 after buying an additional 381 shares during the last quarter. AdvisorNet Financial Inc lifted its position in shares of PulteGroup by 91.5% in the fourth quarter. AdvisorNet Financial Inc now owns 427 shares of the construction company’s stock worth $44,000 after buying an additional 204 shares during the last quarter. Finally, Evermay Wealth Management LLC lifted its position in shares of PulteGroup by 9,060.0% in the fourth quarter. Evermay Wealth Management LLC now owns 458 shares of the construction company’s stock worth $47,000 after buying an additional 453 shares during the last quarter. Institutional investors and hedge funds own 89.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Zelman & Associates raised PulteGroup from a “neutral” rating to an “outperform” rating in a research report on Wednesday, April 24th. Jefferies Financial Group boosted their price target on PulteGroup from $126.00 to $131.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Citigroup lifted their price objective on PulteGroup from $127.00 to $129.00 and gave the stock a “neutral” rating in a research note on Friday, May 17th. Raymond James reiterated an “outperform” rating and issued a $135.00 price objective (up from $120.00) on shares of PulteGroup in a research note on Thursday, April 25th. Finally, Barclays lifted their price objective on PulteGroup from $126.00 to $136.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, PulteGroup presently has an average rating of “Moderate Buy” and a consensus price target of $113.07.

Check Out Our Latest Report on PulteGroup

PulteGroup Trading Down 2.6 %

Shares of PHM opened at $111.54 on Monday. PulteGroup, Inc. has a 12-month low of $68.80 and a 12-month high of $122.72. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $23.46 billion, a price-to-earnings ratio of 8.93, a P/E/G ratio of 0.50 and a beta of 1.59. The stock’s 50-day moving average price is $113.95 and its 200 day moving average price is $107.62.

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

PulteGroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Tuesday, June 18th will be paid a $0.20 dividend. The ex-dividend date is Tuesday, June 18th. This represents a $0.80 annualized dividend and a dividend yield of 0.72%. PulteGroup’s dividend payout ratio is currently 6.41%.

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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