2,551 Shares in PulteGroup, Inc. $PHM Bought by Voleon Capital Management LP

Voleon Capital Management LP acquired a new position in shares of PulteGroup, Inc. (NYSE:PHM) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,551 shares of the construction company’s stock, valued at approximately $262,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Ashton Thomas Private Wealth LLC grew its holdings in PulteGroup by 23.6% during the first quarter. Ashton Thomas Private Wealth LLC now owns 3,108 shares of the construction company’s stock worth $320,000 after acquiring an additional 593 shares during the period. Kestra Investment Management LLC increased its holdings in PulteGroup by 31.4% in the first quarter. Kestra Investment Management LLC now owns 2,526 shares of the construction company’s stock valued at $260,000 after buying an additional 603 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in PulteGroup in the first quarter valued at about $704,000. Financial Strategies Group Inc. purchased a new position in PulteGroup in the first quarter valued at about $5,362,000. Finally, Stance Capital LLC increased its holdings in PulteGroup by 423.3% in the first quarter. Stance Capital LLC now owns 7,316 shares of the construction company’s stock valued at $752,000 after buying an additional 5,918 shares in the last quarter. Institutional investors and hedge funds own 89.90% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on PHM. Raymond James Financial reaffirmed an “outperform” rating and issued a $140.00 target price (up from $115.00) on shares of PulteGroup in a report on Wednesday, July 23rd. Citigroup increased their target price on shares of PulteGroup from $128.00 to $132.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. UBS Group increased their target price on shares of PulteGroup from $141.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Seaport Res Ptn raised shares of PulteGroup from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 22nd. Finally, Oppenheimer increased their target price on shares of PulteGroup from $132.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, PulteGroup currently has an average rating of “Moderate Buy” and a consensus target price of $136.46.

PulteGroup Stock Down 3.3%

Shares of NYSE:PHM opened at $136.69 on Wednesday. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.13. PulteGroup, Inc. has a 52-week low of $88.07 and a 52-week high of $149.47. The stock’s fifty day simple moving average is $121.74 and its 200-day simple moving average is $108.60. The company has a market capitalization of $26.97 billion, a P/E ratio of 10.22, a P/E/G ratio of 0.42 and a beta of 1.26.

PulteGroup (NYSE:PHM) last issued its quarterly earnings data on Tuesday, July 22nd. The construction company reported $3.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.92 by $0.11. PulteGroup had a return on equity of 21.01% and a net margin of 15.50%.The business had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.42 billion. During the same period in the prior year, the business earned $3.83 earnings per share. The business’s revenue was down 4.3% on a year-over-year basis. As a group, equities research analysts forecast that PulteGroup, Inc. will post 12.32 earnings per share for the current fiscal year.

PulteGroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Tuesday, September 16th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Tuesday, September 16th. PulteGroup’s dividend payout ratio is currently 6.58%.

About PulteGroup

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.