Two Sigma Advisers LP bought a new stake in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 8,400 shares of the construction company's stock, valued at approximately $915,000.
Several other large investors also recently modified their holdings of PHM. Hager Investment Management Services LLC acquired a new position in PulteGroup in the fourth quarter worth about $29,000. TD Waterhouse Canada Inc. grew its stake in PulteGroup by 43.0% in the fourth quarter. TD Waterhouse Canada Inc. now owns 349 shares of the construction company's stock worth $38,000 after purchasing an additional 105 shares in the last quarter. R Squared Ltd acquired a new position in PulteGroup in the fourth quarter worth about $39,000. Quarry LP acquired a new position in PulteGroup in the fourth quarter worth about $43,000. Finally, Oakworth Capital Inc. grew its stake in PulteGroup by 642.2% in the fourth quarter. Oakworth Capital Inc. now owns 475 shares of the construction company's stock worth $52,000 after purchasing an additional 411 shares in the last quarter. 89.90% of the stock is currently owned by institutional investors and hedge funds.
PulteGroup Price Performance
PulteGroup stock traded down $0.35 during mid-day trading on Thursday, hitting $101.52. The company's stock had a trading volume of 1,201,617 shares, compared to its average volume of 2,015,538. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $20.35 billion, a P/E ratio of 6.90, a P/E/G ratio of 0.29 and a beta of 1.37. PulteGroup, Inc. has a twelve month low of $88.07 and a twelve month high of $149.47. The stock's fifty day moving average price is $99.64 and its two-hundred day moving average price is $108.48.
PulteGroup (NYSE:PHM - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The construction company reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.47 by $0.10. The firm had revenue of $3.89 billion for the quarter, compared to analyst estimates 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 previous year, the business posted $3.10 earnings per share. Research analysts forecast that PulteGroup, Inc. will post 12.32 earnings per share for the current year.
PulteGroup Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Tuesday, June 17th will be given a $0.22 dividend. The ex-dividend date is Tuesday, June 17th. This represents a $0.88 annualized dividend and a yield of 0.87%. PulteGroup's dividend payout ratio (DPR) is 6.21%.
Wall Street Analyst Weigh In
PHM has been the subject of a number of research reports. Seaport Res Ptn upgraded PulteGroup from a "strong sell" rating to a "hold" rating in a research note on Thursday, March 6th. UBS Group cut their target price on shares of PulteGroup from $151.00 to $141.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Wells Fargo & Company cut their target price on shares of PulteGroup from $140.00 to $120.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Royal Bank of Canada cut their target price on shares of PulteGroup from $116.00 to $109.00 and set a "sector perform" rating on the stock in a report on Wednesday, April 23rd. Finally, Wedbush reissued an "outperform" rating and issued a $135.00 target price on shares of PulteGroup in a report on Tuesday, April 22nd. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $134.69.
Get Our Latest Stock Analysis on PulteGroup
PulteGroup Company Profile
(
Free Report)
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.
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