Nykredit A S Buys New Shares in PulteGroup, Inc. $PHM

Nykredit A S purchased a new position in PulteGroup, Inc. (NYSE:PHM) during the 2nd quarter, Holdings Channel reports. The firm purchased 58,034 shares of the construction company’s stock, valued at approximately $7,963,000.

A number of other large investors have also made changes to their positions in the stock. Norges Bank acquired a new stake in PulteGroup during the fourth quarter worth about $466,653,000. Price T Rowe Associates Inc. MD lifted its position in shares of PulteGroup by 126.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,284,197 shares of the construction company’s stock worth $502,366,000 after acquiring an additional 2,392,580 shares during the period. Bank of New York Mellon Corp bought a new stake in shares of PulteGroup during the second quarter valued at approximately $189,931,000. Public Sector Pension Investment Board increased its position in shares of PulteGroup by 5,485.0% during the fourth quarter. Public Sector Pension Investment Board now owns 930,622 shares of the construction company’s stock valued at $109,125,000 after purchasing an additional 913,959 shares during the period. Finally, Franklin Resources Inc. lifted its position in PulteGroup by 5.1% in the fourth quarter. Franklin Resources Inc. now owns 13,555,304 shares of the construction company’s stock worth $1,589,495,000 after purchasing an additional 655,033 shares during the period. Institutional investors and hedge funds own 89.90% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on PHM shares. Barclays boosted their price target on shares of PulteGroup from $123.00 to $124.00 and gave the company an “equal weight” rating in a report on Thursday, July 23rd. Evercore reaffirmed an “outperform” rating and set a $162.00 price objective on shares of PulteGroup in a report on Thursday, July 23rd. Wolfe Research set a $129.00 target price on shares of PulteGroup and gave the company an “outperform” rating in a research report on Monday, August 24th. Weiss Ratings raised shares of PulteGroup from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, August 21st. Finally, UBS Group reissued a “buy” rating and issued a $166.00 price target on shares of PulteGroup in a research report on Thursday, July 23rd. Thirteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $142.20.

PulteGroup Stock Performance

Shares of NYSE:PHM opened at $124.68 on Friday. The business’s fifty day moving average price is $128.73 and its two-hundred day moving average price is $125.13. PulteGroup, Inc. has a fifty-two week low of $108.49 and a fifty-two week high of $144.49. The stock has a market capitalization of $23.37 billion, a price-to-earnings ratio of 12.74, a price-to-earnings-growth ratio of 1.54 and a beta of 1.19. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.78 and a quick ratio of 0.78.

PulteGroup (NYSE:PHM) last issued its quarterly earnings data on Wednesday, July 22nd. The construction company reported $2.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.36 by $0.12. The company had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.94 billion. PulteGroup had a return on equity of 15.21% and a net margin of 11.62%.The business’s revenue was down 9.6% on a year-over-year basis. During the same period last year, the business earned $3.03 earnings per share. As a group, analysts predict that PulteGroup, Inc. will post 10.12 EPS for the current fiscal year.

PulteGroup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Tuesday, September 15th will be given a dividend of $0.26 per share. The ex-dividend date is Tuesday, September 15th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.8%. PulteGroup’s dividend payout ratio (DPR) is 10.62%.

PulteGroup Profile

PulteGroup, Inc (NYSE: PHM) is a U.S.-based residential homebuilder that designs, constructs and sells single-family homes and develops master-planned communities. The company operates multiple national and regional brands that target different buyer segments, including first-time buyers, move-up buyers and active-adult customers. Its operations encompass land acquisition and development, home design and construction, community amenities and ongoing customer service and warranty programs.

PulteGroup markets homes under several well-known brands, such as Pulte Homes, Centex and Del Webb, among others, offering a range of product types from entry-level detached homes to larger, higher-end residences and age-restricted active-adult communities.