Generali Asset Management SPA SGR Takes $2.28 Million Position in PulteGroup, Inc. $PHM

Generali Asset Management SPA SGR acquired a new position in PulteGroup, Inc. (NYSE:PHM) during the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 17,253 shares of the construction company’s stock, valued at approximately $2,280,000.

Several other hedge funds have also recently added to or reduced their stakes in PHM. Golden State Equity Partners lifted its holdings in shares of PulteGroup by 14.5% in the third quarter. Golden State Equity Partners now owns 2,974 shares of the construction company’s stock valued at $393,000 after purchasing an additional 376 shares in the last quarter. True Wealth Design LLC raised its position in shares of PulteGroup by 229.6% during the 3rd quarter. True Wealth Design LLC now owns 356 shares of the construction company’s stock worth $47,000 after purchasing an additional 248 shares during the last quarter. Mather Group LLC. purchased a new stake in PulteGroup in the 3rd quarter valued at approximately $218,000. Pinnacle Wealth Management Advisory Group LLC grew its holdings in PulteGroup by 4.5% during the 3rd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 12,194 shares of the construction company’s stock valued at $1,611,000 after buying an additional 522 shares during the last quarter. Finally, Seascape Capital Management increased its position in PulteGroup by 1.6% during the third quarter. Seascape Capital Management now owns 41,326 shares of the construction company’s stock worth $5,460,000 after buying an additional 641 shares in the last quarter. 89.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Wall Street Zen downgraded PulteGroup from a “hold” rating to a “sell” rating in a research report on Saturday. Citigroup upped their target price on shares of PulteGroup from $132.00 to $143.00 and gave the company a “neutral” rating in a report on Wednesday, October 1st. BTIG Research assumed coverage on shares of PulteGroup in a report on Monday, December 1st. They set a “neutral” rating for the company. Weiss Ratings lowered shares of PulteGroup from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, December 29th. Finally, Bank of America decreased their target price on shares of PulteGroup from $145.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, PulteGroup currently has an average rating of “Moderate Buy” and an average target price of $137.25.

PulteGroup Trading Up 1.5%

Shares of PHM stock opened at $119.02 on Friday. The firm has a market cap of $23.20 billion, a P/E ratio of 9.16, a PEG ratio of 0.97 and a beta of 1.33. PulteGroup, Inc. has a 1-year low of $88.07 and a 1-year high of $142.11. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.81 and a quick ratio of 0.81. The firm’s 50-day simple moving average is $121.28 and its 200-day simple moving average is $122.05.

PulteGroup (NYSE:PHM) last released its earnings results on Tuesday, October 21st. The construction company reported $2.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.86 by $0.10. The firm had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.31 billion. PulteGroup had a net margin of 14.93% and a return on equity of 19.58%. PulteGroup’s revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.35 earnings per share. As a group, equities analysts forecast that PulteGroup, Inc. will post 12.32 EPS for the current year.

PulteGroup Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Tuesday, December 16th will be issued a $0.26 dividend. The ex-dividend date is Tuesday, December 16th. This is an increase from PulteGroup’s previous quarterly dividend of $0.22. This represents a $1.04 dividend on an annualized basis and a yield of 0.9%. PulteGroup’s payout ratio is 8.01%.

PulteGroup Company Profile

PulteGroup, Inc (NYSE: PHM) is a U.S.-based residential homebuilder that designs, constructs and sells single-family homes and develops master-planned communities. The company operates multiple national and regional brands that target different buyer segments, including first-time buyers, move-up buyers and active-adult customers. Its operations encompass land acquisition and development, home design and construction, community amenities and ongoing customer service and warranty programs.

PulteGroup markets homes under several well-known brands, such as Pulte Homes, Centex and Del Webb, among others, offering a range of product types from entry-level detached homes to larger, higher-end residences and age-restricted active-adult communities.