Voya Investment Management LLC Increases Stock Position in PulteGroup, Inc. $PHM

Voya Investment Management LLC increased its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 0.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,529 shares of the construction company’s stock after purchasing an additional 210 shares during the period. Voya Investment Management LLC’s holdings in PulteGroup were worth $6,428,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of PHM. WPG Advisers LLC purchased a new stake in shares of PulteGroup during the first quarter worth about $25,000. Ameriflex Group Inc. purchased a new stake in PulteGroup in the 4th quarter worth approximately $37,000. American National Bank & Trust acquired a new position in PulteGroup in the 1st quarter valued at $39,000. Catalyst Capital Advisors LLC purchased a new position in shares of PulteGroup during the 1st quarter worth $54,000. Finally, Quarry LP boosted its holdings in shares of PulteGroup by 43.8% during the first quarter. Quarry LP now owns 571 shares of the construction company’s stock worth $59,000 after purchasing an additional 174 shares during the last quarter. Institutional investors and hedge funds own 89.90% of the company’s stock.

PulteGroup Price Performance

Shares of PHM stock opened at $134.04 on Thursday. The firm has a fifty day simple moving average of $124.80 and a 200-day simple moving average of $109.89. The company has a market capitalization of $26.45 billion, a PE ratio of 10.02, a price-to-earnings-growth ratio of 0.39 and a beta of 1.27. PulteGroup, Inc. has a twelve month low of $88.07 and a twelve month high of $149.47. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13.

PulteGroup (NYSE:PHM) last released its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.03 earnings per share for the quarter, topping analysts’ consensus estimates of $2.92 by $0.11. The business had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.42 billion. PulteGroup had a net margin of 15.50% and a return on equity of 21.01%. The business’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter last year, the company earned $3.83 earnings per share. Equities research analysts anticipate that PulteGroup, Inc. will post 12.32 earnings per share for the current fiscal year.

PulteGroup Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Tuesday, September 16th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Tuesday, September 16th. PulteGroup’s dividend payout ratio is presently 6.58%.

Analysts Set New Price Targets

PHM has been the subject of several analyst reports. Wedbush reiterated an “outperform” rating and issued a $150.00 target price on shares of PulteGroup in a research note on Wednesday, August 13th. Wells Fargo & Company upped their price objective on shares of PulteGroup from $135.00 to $150.00 and gave the company an “overweight” rating in a research note on Tuesday, September 2nd. Seaport Res Ptn raised shares of PulteGroup from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. upped their price target on shares of PulteGroup from $121.00 to $123.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Finally, Oppenheimer increased their price target on shares of PulteGroup from $132.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, PulteGroup has a consensus rating of “Moderate Buy” and an average price target of $136.46.

PulteGroup Company Profile

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.