PulteGroup, Inc. (NYSE:PHM) Shares Bought by Greenfield Savings Bank

Greenfield Savings Bank raised its holdings in PulteGroup, Inc. (NYSE:PHM) by 5.9% during the fourth quarter, HoldingsChannel reports. The firm owned 7,052 shares of the construction company’s stock after buying an additional 394 shares during the period. Greenfield Savings Bank’s holdings in PulteGroup were worth $768,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Franklin Resources Inc. increased its stake in PulteGroup by 5.5% in the third quarter. Franklin Resources Inc. now owns 11,254,274 shares of the construction company’s stock valued at $1,647,364,000 after purchasing an additional 585,735 shares during the period. FMR LLC increased its stake in shares of PulteGroup by 102.3% during the third quarter. FMR LLC now owns 9,040,828 shares of the construction company’s stock worth $1,297,630,000 after acquiring an additional 4,571,757 shares during the period. Greenhaven Associates Inc. raised its holdings in PulteGroup by 0.3% during the third quarter. Greenhaven Associates Inc. now owns 5,593,179 shares of the construction company’s stock worth $802,789,000 after purchasing an additional 16,871 shares in the last quarter. Pacer Advisors Inc. raised its holdings in PulteGroup by 8.6% during the second quarter. Pacer Advisors Inc. now owns 2,968,788 shares of the construction company’s stock worth $326,864,000 after purchasing an additional 235,826 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in PulteGroup by 7.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,864,040 shares of the construction company’s stock worth $267,546,000 after purchasing an additional 135,391 shares in the last quarter. 89.90% of the stock is currently owned by institutional investors and hedge funds.

PulteGroup Price Performance

Shares of PHM stock opened at $108.94 on Tuesday. The firm has a market cap of $22.34 billion, a P/E ratio of 8.03, a P/E/G ratio of 0.48 and a beta of 1.67. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.73 and a quick ratio of 0.73. PulteGroup, Inc. has a 1-year low of $100.24 and a 1-year high of $149.47. The firm has a fifty day moving average of $121.62 and a two-hundred day moving average of $126.91.

PulteGroup (NYSE:PHM) last posted its quarterly earnings results on Tuesday, October 22nd. The construction company reported $3.35 EPS for the quarter, beating the consensus estimate of $3.10 by $0.25. PulteGroup had a net margin of 16.64% and a return on equity of 25.30%. The business had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.27 billion. During the same period in the previous year, the business posted $2.90 EPS. The company’s quarterly revenue was up 11.8% on a year-over-year basis. As a group, research analysts anticipate that PulteGroup, Inc. will post 12.94 earnings per share for the current fiscal year.

PulteGroup Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Tuesday, December 17th were issued a $0.22 dividend. The ex-dividend date was Tuesday, December 17th. This is a positive change from PulteGroup’s previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a dividend yield of 0.81%. PulteGroup’s payout ratio is 6.49%.

Analyst Ratings Changes

Several research analysts recently issued reports on PHM shares. Wedbush raised shares of PulteGroup from a “neutral” rating to an “outperform” rating and set a $135.00 price target for the company in a report on Friday, January 3rd. StockNews.com lowered shares of PulteGroup from a “buy” rating to a “hold” rating in a research report on Wednesday, December 11th. JPMorgan Chase & Co. lowered their price target on shares of PulteGroup from $162.00 to $155.00 and set an “overweight” rating on the stock in a research report on Friday, December 13th. UBS Group upgraded shares of PulteGroup from a “neutral” rating to a “buy” rating and lowered their price target for the company from $154.00 to $148.00 in a research report on Wednesday, January 8th. Finally, Wells Fargo & Company reduced their price objective on shares of PulteGroup from $165.00 to $140.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $146.85.

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.