PulteGroup, Inc. (NYSE:PHM) Shares Acquired by Pacer Advisors Inc.

Pacer Advisors Inc. increased its stake in PulteGroup, Inc. (NYSE:PHM) by 470.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 979,925 shares of the construction company’s stock after acquiring an additional 808,141 shares during the period. Pacer Advisors Inc. owned approximately 0.44% of PulteGroup worth $76,121,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of PHM. CVA Family Office LLC raised its stake in shares of PulteGroup by 222.9% in the fourth quarter. CVA Family Office LLC now owns 565 shares of the construction company’s stock valued at $26,000 after acquiring an additional 390 shares in the last quarter. Arlington Partners LLC acquired a new stake in PulteGroup in the first quarter valued at $26,000. Clear Street Markets LLC raised its stake in PulteGroup by 90.9% in the first quarter. Clear Street Markets LLC now owns 441 shares of the construction company’s stock valued at $26,000 after buying an additional 210 shares in the last quarter. Coppell Advisory Solutions Corp. acquired a new stake in PulteGroup in the fourth quarter valued at $26,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new stake in PulteGroup in the first quarter valued at $28,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

PulteGroup Stock Performance

NYSE:PHM traded up $0.18 during mid-day trading on Tuesday, reaching $76.80. The stock had a trading volume of 434,175 shares, compared to its average volume of 2,702,871. 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 firm has a market capitalization of $16.85 billion, a price-to-earnings ratio of 6.33, a PEG ratio of 0.61 and a beta of 1.39. PulteGroup, Inc. has a twelve month low of $35.99 and a twelve month high of $86.15. The business has a 50 day simple moving average of $81.04 and a 200 day simple moving average of $70.98.

PulteGroup (NYSE:PHM) last announced its quarterly earnings data on Tuesday, July 25th. The construction company reported $3.21 EPS for the quarter, beating analysts’ consensus estimates of $2.52 by $0.69. The firm had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $4.01 billion. PulteGroup had a net margin of 16.37% and a return on equity of 29.58%. The firm’s revenue was up 6.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.73 earnings per share. On average, analysts expect that PulteGroup, Inc. will post 11.65 earnings per share for the current fiscal year.

PulteGroup Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Monday, September 18th will be given a $0.16 dividend. The ex-dividend date is Friday, September 15th. This represents a $0.64 dividend on an annualized basis and a yield of 0.83%. PulteGroup’s payout ratio is currently 5.29%.

Analyst Ratings Changes

A number of research firms have weighed in on PHM. Barclays raised their price target on PulteGroup from $90.00 to $104.00 in a research note on Wednesday, July 26th. Bank of America raised their price target on PulteGroup from $82.00 to $92.00 in a research note on Wednesday, July 26th. Seaport Res Ptn reaffirmed a “buy” rating on shares of PulteGroup in a report on Wednesday, June 14th. Deutsche Bank Aktiengesellschaft started coverage on PulteGroup in a report on Wednesday, May 31st. They set a “buy” rating and a $95.00 price objective on the stock. Finally, Credit Suisse Group raised their price objective on PulteGroup from $71.00 to $85.00 in a report on Wednesday, July 26th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, PulteGroup presently has an average rating of “Moderate Buy” and a consensus target price of $86.27.

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.