Westwood Holdings Group Inc. Sells 270 Shares of PulteGroup, Inc. (NYSE:PHM)

Westwood Holdings Group Inc. lessened its stake in shares of PulteGroup, Inc. (NYSE:PHMFree Report) by 9.3% during the 4th quarter, Holdings Channel reports. The fund owned 2,648 shares of the construction company’s stock after selling 270 shares during the period. Westwood Holdings Group Inc.’s holdings in PulteGroup were worth $273,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Certuity LLC purchased a new stake in shares of PulteGroup during the 4th quarter valued at $245,000. Nordea Investment Management AB lifted its holdings in shares of PulteGroup by 4.0% during the 4th quarter. Nordea Investment Management AB now owns 753,768 shares of the construction company’s stock valued at $78,030,000 after purchasing an additional 28,833 shares during the last quarter. Truist Financial Corp lifted its holdings in shares of PulteGroup by 248.6% during the 4th quarter. Truist Financial Corp now owns 191,219 shares of the construction company’s stock valued at $19,738,000 after purchasing an additional 136,370 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of PulteGroup by 65.0% during the 3rd quarter. American Century Companies Inc. now owns 224,978 shares of the construction company’s stock valued at $16,660,000 after purchasing an additional 88,638 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new position in PulteGroup in the 4th quarter worth $6,111,000. Institutional investors own 89.90% of the company’s stock.

PulteGroup Price Performance

NYSE:PHM opened at $113.46 on Tuesday. PulteGroup, Inc. has a 52 week low of $68.80 and a 52 week high of $122.72. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.18. The stock 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 stock’s 50-day moving average price is $113.85 and its 200-day moving average price is $107.80.

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

PulteGroup Announces Dividend

The firm also recently announced 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. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend is Tuesday, June 18th. PulteGroup’s dividend payout ratio (DPR) is presently 6.41%.

Analyst Ratings Changes

PHM has been the subject of a number of research analyst reports. Barclays raised their target price on PulteGroup from $126.00 to $136.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Royal Bank of Canada raised their target price on PulteGroup from $106.00 to $113.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 24th. StockNews.com upgraded PulteGroup from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th. Oppenheimer raised their target price on PulteGroup from $138.00 to $143.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Finally, Zelman & Associates upgraded PulteGroup from a “neutral” rating to an “outperform” rating in a research note on Wednesday, April 24th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, PulteGroup currently has an average rating of “Moderate Buy” and an average target price of $113.07.

View Our Latest Stock Report on PHM

PulteGroup 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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Institutional Ownership by Quarter for PulteGroup (NYSE:PHM)

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