Universal Beteiligungs und Servicegesellschaft mbH Has $15.81 Million Holdings in PulteGroup, Inc. $PHM

Universal Beteiligungs und Servicegesellschaft mbH trimmed its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 3.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 149,905 shares of the construction company’s stock after selling 4,729 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in PulteGroup were worth $15,809,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Fidelis Capital Partners LLC lifted its holdings in PulteGroup by 1.0% during the 2nd quarter. Fidelis Capital Partners LLC now owns 8,760 shares of the construction company’s stock worth $924,000 after buying an additional 85 shares in the last quarter. Cooper Financial Group raised its position in shares of PulteGroup by 1.4% during the second quarter. Cooper Financial Group now owns 6,697 shares of the construction company’s stock worth $706,000 after acquiring an additional 92 shares during the last quarter. Tocqueville Asset Management L.P. lifted its stake in shares of PulteGroup by 2.0% during the first quarter. Tocqueville Asset Management L.P. now owns 5,062 shares of the construction company’s stock valued at $520,000 after acquiring an additional 100 shares during the period. Leavell Investment Management Inc. boosted its holdings in PulteGroup by 4.7% in the second quarter. Leavell Investment Management Inc. now owns 2,260 shares of the construction company’s stock valued at $239,000 after acquiring an additional 102 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its position in PulteGroup by 0.9% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 11,635 shares of the construction company’s stock worth $1,227,000 after purchasing an additional 103 shares during the period. Institutional investors and hedge funds own 89.90% of the company’s stock.

Analyst Ratings Changes

PHM has been the topic of several analyst reports. Seaport Res Ptn upgraded shares of PulteGroup from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 22nd. Raymond James Financial reiterated an “outperform” rating and set a $140.00 target price (up previously from $115.00) on shares of PulteGroup in a research report on Wednesday, July 23rd. Zacks Research upgraded PulteGroup from a “strong sell” rating to a “hold” rating in a research report on Friday, August 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of PulteGroup in a research note on Thursday, November 13th. Finally, Wedbush reissued an “outperform” rating and issued a $150.00 target price on shares of PulteGroup in a research note on Tuesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $133.67.

PulteGroup Price Performance

Shares of PHM stock opened at $113.44 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.13. PulteGroup, Inc. has a 12-month low of $88.07 and a 12-month high of $142.11. The firm has a fifty day moving average of $125.66 and a 200-day moving average of $117.27. The firm has a market capitalization of $22.11 billion, a price-to-earnings ratio of 8.73, a price-to-earnings-growth ratio of 0.95 and a beta of 1.25.

PulteGroup (NYSE:PHM) last posted its earnings results on Tuesday, October 21st. The construction company reported $2.96 earnings per share for the quarter, topping the consensus estimate of $2.86 by $0.10. PulteGroup had a return on equity of 19.58% and a net margin of 14.93%.The firm had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.31 billion. During the same period in the previous year, the company posted $3.35 earnings per share. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. On average, equities research analysts forecast that PulteGroup, Inc. will post 12.32 earnings per share for the current year.

PulteGroup Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Tuesday, September 16th were paid a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $0.88 annualized dividend and a dividend yield of 0.8%. PulteGroup’s dividend payout ratio (DPR) is currently 6.77%.

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, John Wieland Homes and Neighborhoods, and American West brand names.