3,200 Shares in PulteGroup, Inc. (NYSE:PHM) Purchased by Board of the Pension Protection Fund

Board of the Pension Protection Fund purchased a new stake in PulteGroup, Inc. (NYSE:PHM) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,200 shares of the construction company’s stock, valued at approximately $348,000.

Other hedge funds have also recently bought and sold shares of the company. Fifth Third Wealth Advisors LLC grew its position in shares of PulteGroup by 41.5% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 3,433 shares of the construction company’s stock worth $374,000 after buying an additional 1,007 shares in the last quarter. 180 Wealth Advisors LLC boosted its stake in PulteGroup by 6.2% during the 4th quarter. 180 Wealth Advisors LLC now owns 26,420 shares of the construction company’s stock valued at $2,877,000 after acquiring an additional 1,554 shares during the last quarter. Global Financial Private Client LLC grew its holdings in PulteGroup by 44.2% during the 4th quarter. Global Financial Private Client LLC now owns 6,790 shares of the construction company’s stock worth $739,000 after acquiring an additional 2,080 shares in the last quarter. Greenfield Savings Bank increased its position in shares of PulteGroup by 5.9% in the 4th quarter. Greenfield Savings Bank now owns 7,052 shares of the construction company’s stock worth $768,000 after purchasing an additional 394 shares during the last quarter. Finally, Eastern Bank raised its stake in shares of PulteGroup by 4.6% in the 4th quarter. Eastern Bank now owns 142,740 shares of the construction company’s stock valued at $15,544,000 after purchasing an additional 6,243 shares in the last quarter. Institutional investors and hedge funds own 89.90% of the company’s stock.

Wall Street Analysts Forecast Growth

PHM has been the subject of several research analyst reports. Citigroup lowered their price objective on PulteGroup from $146.00 to $119.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Wedbush raised PulteGroup from a “neutral” rating to an “outperform” rating and set a $135.00 price target on the stock in a research report on Friday, January 3rd. UBS Group raised shares of PulteGroup from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $154.00 to $148.00 in a report on Wednesday, January 8th. Barclays reissued an “equal weight” rating and set a $140.00 target price (down from $150.00) on shares of PulteGroup in a report on Wednesday, December 11th. Finally, Evercore ISI lowered their price objective on shares of PulteGroup from $198.00 to $195.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $145.21.

PulteGroup Price Performance

Shares of PHM opened at $112.30 on Wednesday. PulteGroup, Inc. has a one year low of $100.24 and a one year high of $149.47. The stock’s fifty day moving average is $121.20 and its 200-day moving average is $126.93. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.73 and a current ratio of 0.73. The firm has a market capitalization of $23.03 billion, a price-to-earnings ratio of 8.28, a price-to-earnings-growth ratio of 0.48 and a beta of 1.67.

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

PulteGroup Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Tuesday, December 17th were given a dividend of $0.22 per share. The ex-dividend date was Tuesday, December 17th. This is a boost from PulteGroup’s previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a dividend yield of 0.78%. PulteGroup’s dividend payout ratio (DPR) is 6.49%.

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.