4,263 Shares in PulteGroup, Inc. $PHM Bought by Inceptionr LLC

Inceptionr LLC purchased a new stake in shares of PulteGroup, Inc. (NYSE:PHM) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 4,263 shares of the construction company’s stock, valued at approximately $450,000.

Several other institutional investors have also recently made changes to their positions in PHM. Fidelis Capital Partners LLC lifted its position in shares of PulteGroup by 1.0% during the 2nd quarter. Fidelis Capital Partners LLC now owns 8,760 shares of the construction company’s stock valued at $924,000 after buying an additional 85 shares in the last quarter. Cooper Financial Group lifted its holdings in PulteGroup by 1.4% during the second quarter. Cooper Financial Group now owns 6,697 shares of the construction company’s stock valued at $706,000 after purchasing an additional 92 shares in the last quarter. Tocqueville Asset Management L.P. lifted its holdings in 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 purchasing an additional 100 shares in the last quarter. Leavell Investment Management Inc. boosted its position in shares of PulteGroup by 4.7% in the second quarter. Leavell Investment Management Inc. now owns 2,260 shares of the construction company’s stock worth $239,000 after purchasing an additional 102 shares during the period. Finally, Envestnet Portfolio Solutions Inc. increased its stake in shares of 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 in the last quarter. Institutional investors own 89.90% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on PHM shares. Evercore ISI dropped their target price on shares of PulteGroup from $154.00 to $134.00 and set an “in-line” rating for the company in a report on Wednesday, October 22nd. Bank of America dropped their price objective on PulteGroup from $145.00 to $140.00 and set a “buy” rating for the company in a research note on Friday, October 10th. Weiss Ratings reissued a “hold (c+)” rating on shares of PulteGroup in a research note on Tuesday. Wells Fargo & Company boosted their price target on PulteGroup from $135.00 to $150.00 and gave the stock an “overweight” rating in a report on Tuesday, September 2nd. Finally, Wedbush reaffirmed an “outperform” rating and set a $150.00 price objective on shares of PulteGroup in a report 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 stock. According to data from MarketBeat, PulteGroup has an average rating of “Moderate Buy” and an average price target of $133.67.

PulteGroup Stock Performance

NYSE:PHM opened at $127.19 on Friday. The company has a market cap of $24.79 billion, a price-to-earnings ratio of 9.79, a PEG ratio of 0.95 and a beta of 1.25. PulteGroup, Inc. has a 1 year low of $88.07 and a 1 year high of $142.11. The stock’s 50 day simple moving average is $123.56 and its two-hundred day simple moving average is $118.12. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.81 and a quick ratio of 0.81.

PulteGroup (NYSE:PHM) last posted its earnings results on Tuesday, October 21st. The construction company reported $2.96 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $4.31 billion. During the same period in the prior year, the company earned $3.35 EPS. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. As a group, equities analysts anticipate that PulteGroup, Inc. will post 12.32 earnings per share for the current fiscal year.

PulteGroup Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Tuesday, December 16th will be issued a $0.26 dividend. This is a boost from PulteGroup’s previous quarterly dividend of $0.22. The ex-dividend date is Tuesday, December 16th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.8%. PulteGroup’s payout ratio is presently 8.01%.

PulteGroup 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.