PulteGroup, Inc. $PHM Shares Purchased by Waterloo Capital L.P.

Waterloo Capital L.P. boosted its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 18.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,218 shares of the construction company’s stock after purchasing an additional 493 shares during the period. Waterloo Capital L.P.’s holdings in PulteGroup were worth $339,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in PHM. International Assets Investment Management LLC purchased a new stake in PulteGroup during the 2nd quarter worth approximately $2,162,000. Inspire Investing LLC boosted its stake in PulteGroup by 143.7% during the first quarter. Inspire Investing LLC now owns 24,059 shares of the construction company’s stock valued at $2,473,000 after buying an additional 14,185 shares in the last quarter. Empowered Funds LLC lifted its position in shares of PulteGroup by 5.2% during the 1st quarter. Empowered Funds LLC now owns 145,070 shares of the construction company’s stock valued at $14,913,000 after acquiring an additional 7,182 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of PulteGroup during the first quarter valued at approximately $704,000. Finally, Integrity Alliance LLC. purchased a new stake in shares of PulteGroup in the first quarter worth approximately $1,046,000. Institutional investors and hedge funds own 89.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Zacks Research upgraded PulteGroup from a “strong sell” rating to a “hold” rating in a research note on Friday, August 29th. Wells Fargo & Company boosted their price objective on PulteGroup from $135.00 to $150.00 and gave the company an “overweight” rating in a research report on Tuesday, September 2nd. Citigroup increased their target price on PulteGroup from $132.00 to $143.00 and gave the stock a “neutral” rating in a report on Wednesday, October 1st. Bank of America dropped their price objective on shares of PulteGroup from $145.00 to $140.00 and set a “buy” rating for the company in a report on Friday, October 10th. Finally, Evercore ISI lowered their price target on shares of PulteGroup from $154.00 to $134.00 and set an “in-line” rating for the company in a report on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $133.67.

PulteGroup Stock Down 0.9%

NYSE:PHM opened at $119.21 on Tuesday. The company has a market cap of $23.24 billion, a PE ratio of 9.18, a PEG ratio of 0.95 and a beta of 1.25. PulteGroup, Inc. has a 52-week low of $88.07 and a 52-week high of $142.11. The stock has a 50-day simple moving average of $124.08 and a 200 day simple moving average of $117.68. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.81 and a current ratio of 0.81.

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

PulteGroup Increases Dividend

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

About PulteGroup

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.