Schroder Investment Management Group Grows Position in PulteGroup, Inc. (NYSE:PHM)

Schroder Investment Management Group lifted its position in shares of PulteGroup, Inc. (NYSE:PHMFree Report) by 438.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 209,915 shares of the construction company’s stock after purchasing an additional 170,908 shares during the quarter. Schroder Investment Management Group owned about 0.10% of PulteGroup worth $21,667,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds 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 $37,000. Lindbrook Capital LLC increased its holdings in PulteGroup by 335.6% in the 4th quarter. Lindbrook Capital LLC now owns 379 shares of the construction company’s stock valued at $39,000 after purchasing an additional 292 shares in the last quarter. ORG Partners LLC raised its position in PulteGroup by 3,463.6% in the fourth quarter. ORG Partners LLC now owns 392 shares of the construction company’s stock valued at $40,000 after purchasing an additional 381 shares during the period. AdvisorNet Financial Inc lifted its stake in shares of PulteGroup by 91.5% during the fourth quarter. AdvisorNet Financial Inc now owns 427 shares of the construction company’s stock worth $44,000 after purchasing an additional 204 shares in the last quarter. Finally, Evermay Wealth Management LLC lifted its stake in shares of PulteGroup by 9,060.0% during the fourth quarter. Evermay Wealth Management LLC now owns 458 shares of the construction company’s stock worth $47,000 after purchasing an additional 453 shares in the last quarter. Institutional investors and hedge funds own 89.90% of the company’s stock.

PulteGroup Price Performance

Shares of PHM opened at $113.46 on Tuesday. PulteGroup, Inc. has a 52 week low of $68.80 and a 52 week high of $122.72. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.18. The firm has a market cap of $23.87 billion, a price-to-earnings ratio of 9.08, a PEG ratio of 0.50 and a beta of 1.59. The stock has a 50 day moving average of $113.85 and a 200-day moving average of $107.80.

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

PulteGroup Dividend Announcement

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

Analyst Ratings Changes

Several brokerages recently commented on PHM. Raymond James reiterated an “outperform” rating and set a $135.00 target price (up from $120.00) on shares of PulteGroup in a report on Thursday, April 25th. Royal Bank of Canada boosted their target price on shares of PulteGroup from $106.00 to $113.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 24th. Barclays raised their price target on shares of PulteGroup from $126.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Jefferies Financial Group boosted their price objective 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 raised their target price on PulteGroup from $127.00 to $129.00 and gave the company a “neutral” rating in a research note on Friday, May 17th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $113.07.

Get Our Latest Stock Analysis on PHM

PulteGroup Company Profile

(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.

Further Reading

Institutional Ownership by Quarter for PulteGroup (NYSE:PHM)

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