PulteGroup, Inc. $PHM Shares Purchased by Mufg Securities Americas Inc.

Mufg Securities Americas Inc. increased its position in PulteGroup, Inc. (NYSE:PHM) by 23.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,442 shares of the construction company’s stock after acquiring an additional 858 shares during the period. Mufg Securities Americas Inc.’s holdings in PulteGroup were worth $468,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the company. Franklin Resources Inc. raised its stake in shares of PulteGroup by 0.8% in the second quarter. Franklin Resources Inc. now owns 12,290,631 shares of the construction company’s stock worth $1,296,170,000 after purchasing an additional 95,058 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in PulteGroup by 40.3% in the 1st quarter. JPMorgan Chase & Co. now owns 3,486,330 shares of the construction company’s stock worth $358,395,000 after buying an additional 1,001,290 shares during the period. Ameriprise Financial Inc. raised its position in PulteGroup by 11.8% during the 1st quarter. Ameriprise Financial Inc. now owns 2,570,022 shares of the construction company’s stock worth $264,216,000 after buying an additional 271,917 shares during the last quarter. Nuveen LLC acquired a new stake in PulteGroup during the 1st quarter valued at approximately $213,092,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in PulteGroup by 21.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,579,792 shares of the construction company’s stock valued at $162,403,000 after acquiring an additional 276,077 shares during the period. Hedge funds and other institutional investors own 89.90% of the company’s stock.

PulteGroup Stock Down 0.9%

PHM opened at $119.21 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.13. PulteGroup, Inc. has a twelve month low of $88.07 and a twelve month high of $142.11. The company has a market cap of $23.24 billion, a PE ratio of 9.18, a price-to-earnings-growth ratio of 0.95 and a beta of 1.25. The company has a 50-day moving average price of $124.08 and a 200 day moving average price of $117.68.

PulteGroup (NYSE:PHM) last announced its quarterly earnings data on Tuesday, October 21st. The construction company reported $2.96 earnings per share for the quarter, beating analysts’ consensus estimates of $2.86 by $0.10. The company had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.31 billion. PulteGroup had a return on equity of 19.58% and a net margin of 14.93%.The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter last year, the firm posted $3.35 EPS. Sell-side analysts expect that PulteGroup, Inc. will post 12.32 earnings per share for the current fiscal year.

PulteGroup Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Tuesday, December 16th will be issued a $0.26 dividend. This is a boost from PulteGroup’s previous quarterly dividend of $0.22. This represents a $1.04 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Tuesday, December 16th. PulteGroup’s payout ratio is 8.01%.

Analyst Upgrades and Downgrades

PHM has been the topic of a number of research reports. Bank of America cut their price objective on shares of PulteGroup from $145.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, October 10th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of PulteGroup in a research report on Wednesday, November 19th. Wedbush reissued an “outperform” rating and issued a $150.00 price objective on shares of PulteGroup in a report on Tuesday, October 21st. Citigroup upped their target price on PulteGroup from $132.00 to $143.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 1st. Finally, Evercore ISI reduced their price target on PulteGroup from $154.00 to $134.00 and set an “in-line” rating for the company in a research report on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $133.67.

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.