Schroder Investment Management Group Buys 170,908 Shares of PulteGroup, Inc. (NYSE:PHM)

Schroder Investment Management Group raised its position in PulteGroup, Inc. (NYSE:PHMFree Report) by 438.1% in the 4th quarter, HoldingsChannel reports. The fund owned 209,915 shares of the construction company’s stock after purchasing an additional 170,908 shares during the period. Schroder Investment Management Group’s holdings in PulteGroup were worth $21,667,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Rakuten Securities Inc. acquired a new stake in PulteGroup during the fourth quarter worth $37,000. Lindbrook Capital LLC boosted its position in shares of PulteGroup by 335.6% during the 4th quarter. Lindbrook Capital LLC now owns 379 shares of the construction company’s stock valued at $39,000 after acquiring an additional 292 shares in the last quarter. ORG Partners LLC increased its stake in PulteGroup by 3,463.6% in the fourth quarter. ORG Partners LLC now owns 392 shares of the construction company’s stock valued at $40,000 after acquiring an additional 381 shares during the period. AdvisorNet Financial Inc raised its position in PulteGroup by 91.5% in the fourth quarter. AdvisorNet Financial Inc now owns 427 shares of the construction company’s stock worth $44,000 after purchasing an additional 204 shares in the last quarter. Finally, Evermay Wealth Management LLC lifted its stake in PulteGroup by 9,060.0% during the fourth quarter. Evermay Wealth Management LLC now owns 458 shares of the construction company’s stock worth $47,000 after purchasing an additional 453 shares during the period. Institutional investors and hedge funds own 89.90% of the company’s stock.

PulteGroup Stock Up 1.7 %

Shares of NYSE PHM opened at $113.46 on Tuesday. The firm’s 50-day moving average is $113.85 and its 200-day moving average is $107.80. PulteGroup, Inc. has a 1 year low of $68.80 and a 1 year high of $122.72. The firm has a market capitalization of $23.87 billion, a PE ratio of 9.08, a price-to-earnings-growth ratio of 0.50 and a beta of 1.59. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.18.

PulteGroup (NYSE:PHMGet Free Report) last issued its earnings results on Tuesday, April 23rd. The construction company reported $2.87 EPS for the quarter, beating the consensus estimate of $2.36 by $0.51. PulteGroup had a net margin of 16.63% and a return on equity of 25.81%. The company had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $3.59 billion. Equities analysts expect that PulteGroup, Inc. will post 12.64 EPS for the current year.

PulteGroup Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Tuesday, June 18th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.71%. PulteGroup’s dividend payout ratio is 6.41%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Oppenheimer upped their price objective on PulteGroup from $138.00 to $143.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Citigroup upped their price target on PulteGroup from $127.00 to $129.00 and gave the company a “neutral” rating in a research report on Friday, May 17th. Barclays lifted their price objective on PulteGroup from $126.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Royal Bank of Canada upped their target price on shares of PulteGroup from $106.00 to $113.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 24th. Finally, Raymond James reiterated an “outperform” rating and set a $135.00 target price (up previously from $120.00) on shares of PulteGroup in a research report on Thursday, April 25th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $113.07.

Get Our Latest Stock Analysis on PHM

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.

Further Reading

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Institutional Ownership by Quarter for PulteGroup (NYSE:PHM)

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