PulteGroup, Inc. (NYSE:PHM) Shares Bought by Symmetry Partners LLC

Symmetry Partners LLC increased its position in PulteGroup, Inc. (NYSE:PHM) by 64.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,116 shares of the construction company’s stock after buying an additional 9,435 shares during the period. Symmetry Partners LLC’s holdings in PulteGroup were worth $1,873,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. KBC Group NV boosted its holdings in shares of PulteGroup by 125.8% during the first quarter. KBC Group NV now owns 109,600 shares of the construction company’s stock worth $6,387,000 after purchasing an additional 61,064 shares during the last quarter. Patton Fund Management Inc. purchased a new stake in PulteGroup in the 4th quarter valued at about $203,000. Cerity Partners LLC increased its stake in shares of PulteGroup by 13.7% during the 1st quarter. Cerity Partners LLC now owns 13,247 shares of the construction company’s stock valued at $775,000 after acquiring an additional 1,600 shares during the last quarter. Picton Mahoney Asset Management purchased a new position in shares of PulteGroup during the 4th quarter worth about $147,000. Finally, Laffer Tengler Investments boosted its position in shares of PulteGroup by 41.7% in the fourth quarter. Laffer Tengler Investments now owns 8,822 shares of the construction company’s stock worth $402,000 after acquiring an additional 2,595 shares during the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Wall Street Analyst Weigh In

PHM has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of PulteGroup in a research note on Wednesday, May 31st. They set a “buy” rating and a $95.00 price target on the stock. Citigroup lifted their target price on PulteGroup from $90.00 to $97.00 in a report on Wednesday, July 26th. Barclays upped their price target on PulteGroup from $90.00 to $104.00 in a research note on Wednesday, July 26th. Royal Bank of Canada lifted their price objective on PulteGroup from $68.00 to $90.00 in a research note on Wednesday, July 26th. Finally, Raymond James increased their target price on shares of PulteGroup from $93.00 to $105.00 and gave the stock an “outperform” rating in a research report on Thursday, July 27th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, PulteGroup currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.27.

PulteGroup Stock Up 0.7 %

Shares of NYSE:PHM traded up $0.53 during trading on Thursday, hitting $77.49. The company’s stock had a trading volume of 340,539 shares, compared to its average volume of 2,689,763. The company has a market capitalization of $17.00 billion, a PE ratio of 6.36, a PEG ratio of 0.65 and a beta of 1.39. PulteGroup, Inc. has a fifty-two week low of $35.99 and a fifty-two week high of $86.15. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.92 and a current ratio of 0.92. The stock’s 50-day moving average price is $80.96 and its two-hundred day moving average price is $70.38.

PulteGroup (NYSE:PHM) last released its earnings results on Tuesday, July 25th. The construction company reported $3.21 EPS for the quarter, beating the consensus estimate of $2.52 by $0.69. The company had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $4.01 billion. PulteGroup had a return on equity of 29.58% and a net margin of 16.37%. The business’s revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.73 EPS. As a group, sell-side analysts expect that PulteGroup, Inc. will post 11.65 EPS for the current year.

PulteGroup Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Monday, September 18th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Friday, September 15th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.83%. PulteGroup’s dividend payout ratio (DPR) is presently 5.29%.

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, American West, and John Wieland Homes and Neighborhoods brand names.