World Investment Advisors Purchases 428 Shares of PulteGroup, Inc. $PHM

World Investment Advisors lifted its position in shares of PulteGroup, Inc. (NYSE:PHM) by 12.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,985 shares of the construction company’s stock after purchasing an additional 428 shares during the period. World Investment Advisors’ holdings in PulteGroup were worth $420,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Nuveen LLC purchased a new stake in PulteGroup in the 1st quarter worth approximately $213,092,000. Pacer Advisors Inc. raised its holdings in shares of PulteGroup by 2,586.8% during the first quarter. Pacer Advisors Inc. now owns 1,166,902 shares of the construction company’s stock valued at $119,958,000 after acquiring an additional 1,123,471 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in PulteGroup by 40.3% in the first quarter. JPMorgan Chase & Co. now owns 3,486,330 shares of the construction company’s stock worth $358,395,000 after acquiring an additional 1,001,290 shares during the period. AustralianSuper Pty Ltd lifted its stake in PulteGroup by 219.2% in the first quarter. AustralianSuper Pty Ltd now owns 1,039,107 shares of the construction company’s stock worth $106,820,000 after acquiring an additional 713,534 shares during the period. Finally, Alyeska Investment Group L.P. bought a new stake in PulteGroup in the first quarter valued at $53,262,000. Hedge funds and other institutional investors own 89.90% of the company’s stock.

PulteGroup Price Performance

PHM stock opened at $118.64 on Tuesday. The firm has a 50 day moving average price of $129.19 and a 200-day moving average price of $115.90. PulteGroup, Inc. has a 52-week low of $88.07 and a 52-week high of $142.11. The firm has a market capitalization of $23.12 billion, a price-to-earnings ratio of 9.13, a PEG ratio of 0.95 and a beta of 1.29. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.81 and a current ratio of 0.81.

PulteGroup (NYSE:PHM) last posted its quarterly earnings results on Tuesday, October 21st. The construction company reported $2.96 earnings per share for the quarter, topping the consensus estimate of $2.86 by $0.10. PulteGroup had a return on equity of 19.58% and a net margin of 14.93%.The company had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.31 billion. During the same quarter in the prior year, the business posted $3.35 EPS. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. Equities research analysts forecast that PulteGroup, Inc. will post 12.32 EPS for the current fiscal year.

PulteGroup Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Tuesday, September 16th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Tuesday, September 16th. PulteGroup’s dividend payout ratio is currently 6.77%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on PHM shares. Oppenheimer raised their target price on shares of PulteGroup from $132.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 23rd. Raymond James Financial restated an “outperform” rating and issued a $140.00 price objective (up from $115.00) on shares of PulteGroup in a report on Wednesday, July 23rd. Zacks Research upgraded PulteGroup from a “strong sell” rating to a “hold” rating in a report on Friday, August 29th. UBS Group increased their target price on PulteGroup from $141.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Finally, Citigroup lifted their price target on PulteGroup from $132.00 to $143.00 and gave the company a “neutral” rating in a research report on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $133.67.

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.