111 Capital Acquires New Shares in PulteGroup, Inc. (NYSE:PHM)

111 Capital acquired a new stake in shares of PulteGroup, Inc. (NYSE:PHM) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 2,204 shares of the construction company’s stock, valued at approximately $240,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Argyle Capital Management LLC raised its stake in shares of PulteGroup by 1.5% during the 4th quarter. Argyle Capital Management LLC now owns 42,241 shares of the construction company’s stock valued at $4,600,000 after purchasing an additional 641 shares during the period. Wayfinding Financial LLC bought a new stake in shares of PulteGroup during the 4th quarter valued at $275,000. LPL Financial LLC raised its stake in shares of PulteGroup by 11.2% during the 4th quarter. LPL Financial LLC now owns 390,579 shares of the construction company’s stock valued at $42,534,000 after purchasing an additional 39,321 shares during the period. Victory Capital Management Inc. raised its stake in shares of PulteGroup by 8.5% during the 4th quarter. Victory Capital Management Inc. now owns 1,112,782 shares of the construction company’s stock valued at $121,182,000 after purchasing an additional 87,506 shares during the period. Finally, HighTower Advisors LLC raised its stake in shares of PulteGroup by 3.2% during the 4th quarter. HighTower Advisors LLC now owns 20,508 shares of the construction company’s stock valued at $2,233,000 after purchasing an additional 645 shares during the period. 89.90% of the stock is currently owned by institutional investors.

PulteGroup Price Performance

PHM opened at $98.09 on Friday. The stock has a 50-day moving average price of $99.92 and a 200-day moving average price of $109.08. PulteGroup, Inc. has a 12-month low of $88.07 and a 12-month high of $149.47. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $19.66 billion, a P/E ratio of 6.67, a PEG ratio of 0.29 and a beta of 1.37.

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

PulteGroup Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Tuesday, June 17th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend is Tuesday, June 17th. PulteGroup’s payout ratio is currently 6.21%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on PHM. Wells Fargo & Company decreased their price objective on PulteGroup from $140.00 to $120.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. Barclays reduced their target price on PulteGroup from $100.00 to $98.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 23rd. Evercore ISI boosted their target price on PulteGroup from $161.00 to $165.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 23rd. Royal Bank of Canada reduced their target price on PulteGroup from $116.00 to $109.00 and set a “sector perform” rating for the company in a research report on Wednesday, April 23rd. Finally, Wedbush restated an “outperform” rating and set a $135.00 target price on shares of PulteGroup in a research report on Tuesday, April 22nd. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, PulteGroup has a consensus rating of “Moderate Buy” and a consensus target price of $134.69.

PulteGroup 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.