Gunderson Capital Management Inc. acquired a new position in PulteGroup, Inc. (NYSE:PHM – Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 31,097 shares of the construction company’s stock, valued at approximately $2,416,000. PulteGroup accounts for approximately 1.6% of Gunderson Capital Management Inc.’s portfolio, making the stock its 23rd biggest position.
Other institutional investors also recently modified their holdings of the company. CVA Family Office LLC increased its holdings in PulteGroup by 222.9% in the 4th quarter. CVA Family Office LLC now owns 565 shares of the construction company’s stock valued at $26,000 after buying an additional 390 shares during the period. Arlington Partners LLC acquired a new position in PulteGroup in the first quarter worth about $26,000. Clear Street Markets LLC boosted its holdings in PulteGroup by 90.9% during the first quarter. Clear Street Markets LLC now owns 441 shares of the construction company’s stock valued at $26,000 after purchasing an additional 210 shares in the last quarter. Coppell Advisory Solutions Corp. bought a new stake in shares of PulteGroup in the 4th quarter valued at approximately $26,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new position in shares of PulteGroup in the 1st quarter worth approximately $28,000. Institutional investors and hedge funds own 89.84% of the company’s stock.
PulteGroup Stock Down 2.7 %
PHM traded down $2.15 during trading on Friday, hitting $76.27. The company had a trading volume of 5,886,901 shares, compared to its average volume of 2,357,498. The company has a market capitalization of $16.74 billion, a PE ratio of 6.30, a PEG ratio of 0.63 and a beta of 1.39. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.21. PulteGroup, Inc. has a one year low of $35.99 and a one year high of $86.15. The firm’s 50-day moving average price is $81.03 and its 200 day moving average price is $70.44.
PulteGroup Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Monday, September 18th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date is Friday, September 15th. PulteGroup’s dividend payout ratio (DPR) is presently 5.29%.
Analyst Ratings Changes
A number of research analysts have issued reports on PHM shares. Deutsche Bank Aktiengesellschaft assumed coverage on PulteGroup in a report on Wednesday, May 31st. They set a “buy” rating and a $95.00 price objective for the company. Royal Bank of Canada lifted their target price on shares of PulteGroup from $68.00 to $90.00 in a research note on Wednesday, July 26th. BTIG Research raised their price target on PulteGroup from $83.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, July 25th. Bank of America boosted their price objective on PulteGroup from $82.00 to $92.00 in a research note on Wednesday, July 26th. Finally, Seaport Res Ptn reiterated a “buy” rating on shares of PulteGroup in a research report on Wednesday, June 14th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, PulteGroup currently has a consensus rating of “Moderate Buy” and an average price target of $86.27.
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.
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