Dynamic Advisor Solutions LLC Invests $237,000 in PulteGroup, Inc. (NYSE:PHM)

Dynamic Advisor Solutions LLC acquired a new position in shares of PulteGroup, Inc. (NYSE:PHM) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,305 shares of the construction company’s stock, valued at approximately $237,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Merit Financial Group LLC boosted its position in shares of PulteGroup by 20.5% during the first quarter. Merit Financial Group LLC now owns 15,388 shares of the construction company’s stock worth $1,582,000 after buying an additional 2,613 shares during the period. Hudson Capital Management LLC boosted its position in shares of PulteGroup by 8.6% during the first quarter. Hudson Capital Management LLC now owns 41,305 shares of the construction company’s stock worth $4,246,000 after buying an additional 3,266 shares during the period. Vest Financial LLC boosted its position in shares of PulteGroup by 1,311.3% during the first quarter. Vest Financial LLC now owns 312,723 shares of the construction company’s stock worth $32,148,000 after buying an additional 290,564 shares during the period. NBC Securities Inc. boosted its position in shares of PulteGroup by 103,800.0% during the first quarter. NBC Securities Inc. now owns 5,195 shares of the construction company’s stock worth $534,000 after buying an additional 5,190 shares during the period. Finally, Argyle Capital Management LLC boosted its position in shares of PulteGroup by 1.5% during the fourth quarter. Argyle Capital Management LLC now owns 42,241 shares of the construction company’s stock worth $4,600,000 after buying an additional 641 shares during the period. 89.90% of the stock is owned by institutional investors and hedge funds.

PulteGroup Price Performance

PulteGroup stock opened at $99.10 on Friday. PulteGroup, Inc. has a 12 month low of $88.07 and a 12 month high of $149.47. The stock’s 50 day moving average is $100.44 and its 200-day moving average is $106.11. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $19.86 billion, a price-to-earnings ratio of 6.99, a PEG ratio of 0.29 and a beta of 1.29.

PulteGroup (NYSE:PHM) last posted its earnings results on Tuesday, April 22nd. The construction company reported $2.57 EPS for the quarter, beating the consensus estimate of $2.47 by $0.10. PulteGroup had a return on equity of 22.86% and a net margin of 16.45%. The company had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.86 billion. During the same quarter in the prior year, the business earned $3.10 earnings per share. Equities research analysts expect that PulteGroup, Inc. will post 12.32 EPS for the current year.

PulteGroup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Tuesday, June 17th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend is Tuesday, June 17th. PulteGroup’s payout ratio is 6.21%.

Analyst Ratings Changes

PHM has been the topic of several analyst reports. Wedbush reiterated an “outperform” rating and set a $135.00 target price on shares of PulteGroup in a report on Tuesday, April 22nd. Barclays dropped their target price on PulteGroup from $100.00 to $98.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 23rd. Evercore ISI upped their target price on PulteGroup from $161.00 to $165.00 and gave the stock an “outperform” rating in a report on Wednesday, April 23rd. Seaport Res Ptn upgraded PulteGroup from a “strong sell” rating to a “hold” rating in a report on Thursday, March 6th. Finally, Wells Fargo & Company dropped their target price on PulteGroup from $140.00 to $120.00 and set an “overweight” rating on the stock in a report on Monday, April 14th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, PulteGroup presently has an average rating of “Moderate Buy” and a consensus target price of $134.69.

About PulteGroup

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.