Dynamic Technology Lab Private Ltd Makes New $704,000 Investment in PulteGroup, Inc. $PHM

Dynamic Technology Lab Private Ltd purchased a new position in shares of PulteGroup, Inc. (NYSE:PHM) during the 1st quarter, Holdings Channel.com reports. The fund purchased 6,850 shares of the construction company’s stock, valued at approximately $704,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Merit Financial Group LLC raised its position in PulteGroup by 20.5% during the first quarter. Merit Financial Group LLC now owns 15,388 shares of the construction company’s stock worth $1,582,000 after acquiring an additional 2,613 shares in the last quarter. Vest Financial LLC raised its position in PulteGroup by 1,311.3% during the first quarter. Vest Financial LLC now owns 312,723 shares of the construction company’s stock worth $32,148,000 after acquiring an additional 290,564 shares in the last quarter. Hudson Capital Management LLC raised its position in PulteGroup by 8.6% during the first quarter. Hudson Capital Management LLC now owns 41,305 shares of the construction company’s stock worth $4,246,000 after acquiring an additional 3,266 shares in the last quarter. NBC Securities Inc. raised its position in PulteGroup by 103,800.0% during the first quarter. NBC Securities Inc. now owns 5,195 shares of the construction company’s stock worth $534,000 after acquiring an additional 5,190 shares in the last quarter. Finally, Reyes Financial Architecture Inc. raised its position in PulteGroup by 42.1% during the first quarter. Reyes Financial Architecture Inc. now owns 770 shares of the construction company’s stock worth $79,000 after acquiring an additional 228 shares in the last quarter. 89.90% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PHM has been the topic of several analyst reports. Wedbush reaffirmed an “outperform” rating and set a $150.00 price target on shares of PulteGroup in a research report on Wednesday, August 13th. Zacks Research upgraded shares of PulteGroup from a “strong sell” rating to a “hold” rating in a report on Friday, August 29th. Oppenheimer upped their price target on shares of PulteGroup from $132.00 to $140.00 and gave the company an “outperform” rating in a research note on Wednesday, July 23rd. Raymond James Financial restated an “outperform” rating and issued a $140.00 price target (up from $115.00) on shares of PulteGroup in a research note on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. upped their price target on shares of PulteGroup from $121.00 to $123.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $136.46.

PulteGroup Trading Down 3.3%

Shares of PulteGroup stock opened at $136.69 on Wednesday. The company has a market capitalization of $26.97 billion, a price-to-earnings ratio of 10.22, a PEG ratio of 0.42 and a beta of 1.26. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.13. PulteGroup, Inc. has a 12-month low of $88.07 and a 12-month high of $149.47. The firm’s 50-day moving average price is $121.74 and its two-hundred day moving average price is $108.60.

PulteGroup (NYSE:PHM) last announced its quarterly earnings data on Tuesday, July 22nd. The construction company reported $3.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.92 by $0.11. The firm had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.42 billion. PulteGroup had a net margin of 15.50% and a return on equity of 21.01%. The business’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same period in the prior year, the company posted $3.83 earnings per share. On average, analysts forecast that PulteGroup, Inc. will post 12.32 earnings per share for the current fiscal year.

PulteGroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Tuesday, September 16th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Tuesday, September 16th. PulteGroup’s dividend payout ratio is presently 6.58%.

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.