6,811 Shares in PulteGroup, Inc. (NYSE:PHM) Acquired by Raiffeisen Bank International AG

Raiffeisen Bank International AG bought a new position in shares of PulteGroup, Inc. (NYSE:PHM) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 6,811 shares of the construction company’s stock, valued at approximately $741,000.

Several other large investors have also recently added to or reduced their stakes in PHM. Wedmont Private Capital increased its stake in PulteGroup by 3.7% during the 4th quarter. Wedmont Private Capital now owns 3,050 shares of the construction company’s stock worth $328,000 after buying an additional 110 shares during the period. Fifth Third Wealth Advisors LLC increased its stake in PulteGroup by 41.5% during the 4th 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 during the period. Park Avenue Securities LLC grew its holdings in PulteGroup by 16.5% during the 4th quarter. Park Avenue Securities LLC now owns 37,734 shares of the construction company’s stock worth $4,109,000 after acquiring an additional 5,332 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in PulteGroup by 41.9% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 444 shares of the construction company’s stock worth $48,000 after acquiring an additional 131 shares in the last quarter. Finally, Ritholtz Wealth Management grew its holdings in PulteGroup by 29.3% during the 4th quarter. Ritholtz Wealth Management now owns 73,807 shares of the construction company’s stock worth $8,038,000 after acquiring an additional 16,746 shares in the last quarter. 89.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on PHM shares. Barclays lowered their price target on shares of PulteGroup from $100.00 to $98.00 and set an “equal weight” rating for the company in a report on Wednesday, April 23rd. Wells Fargo & Company lowered their target price on shares of PulteGroup from $140.00 to $120.00 and set an “overweight” rating for the company in a report on Monday, April 14th. UBS Group lowered their target price on shares of PulteGroup from $151.00 to $141.00 and set a “buy” rating for the company in a report on Wednesday, April 23rd. Royal Bank of Canada lowered their target price on shares of PulteGroup from $116.00 to $109.00 and set a “sector perform” rating for the company in a report on Wednesday, April 23rd. Finally, Seaport Res Ptn upgraded shares of PulteGroup from a “strong sell” rating to a “hold” rating in a report on Thursday, March 6th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, PulteGroup currently has a consensus rating of “Moderate Buy” and a consensus price target of $134.69.

PulteGroup Stock Up 1.5%

Shares of NYSE:PHM opened at $104.34 on Friday. The stock has a market cap of $20.91 billion, a P/E ratio of 7.09, a P/E/G ratio of 0.29 and a beta of 1.37. The firm has a fifty day moving average price of $100.86 and a 200 day moving average price of $111.25. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.86 and a quick ratio of 0.86. PulteGroup, Inc. has a 1-year low of $88.07 and a 1-year high of $149.47.

PulteGroup (NYSE:PHM) last announced its quarterly earnings data on Tuesday, April 22nd. The construction company reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.47 by $0.10. The company had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.86 billion. PulteGroup had a net margin of 17.18% and a return on equity of 24.43%. During the same quarter in the prior year, the firm earned $3.10 EPS. Sell-side analysts predict that PulteGroup, Inc. will post 12.32 EPS for the current year.

PulteGroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Tuesday, June 17th will be given a dividend of $0.22 per share. The ex-dividend date is Tuesday, June 17th. This represents a $0.88 dividend on an annualized basis and a yield of 0.84%. PulteGroup’s payout ratio is currently 6.21%.

PulteGroup declared that its Board of Directors has approved a share buyback program on Thursday, January 30th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the construction company to buy up to 6.2% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.

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.