Oliver Luxxe Assets LLC Acquires 607 Shares of PulteGroup, Inc. (NYSE:PHM)

Oliver Luxxe Assets LLC raised its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 1.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,427 shares of the construction company’s stock after buying an additional 607 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in PulteGroup were worth $5,274,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Fortitude Family Office LLC boosted its holdings in PulteGroup by 115.1% in the 3rd quarter. Fortitude Family Office LLC now owns 185 shares of the construction company’s stock valued at $27,000 after purchasing an additional 99 shares during the period. Transcendent Capital Group LLC bought a new stake in shares of PulteGroup in the third quarter valued at about $29,000. Candriam S.C.A. acquired a new stake in PulteGroup during the second quarter worth about $33,000. JNBA Financial Advisors bought a new position in PulteGroup during the third quarter valued at about $43,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings in PulteGroup by 1,059.3% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 313 shares of the construction company’s stock valued at $45,000 after acquiring an additional 286 shares in the last quarter. 89.90% of the stock is owned by institutional investors.

PulteGroup Trading Down 1.2 %

Shares of PHM stock traded down $1.32 on Monday, reaching $108.73. The company had a trading volume of 994,259 shares, compared to its average volume of 1,385,481. The company has a 50-day moving average of $124.17 and a 200-day moving average of $126.99. PulteGroup, Inc. has a 12 month low of $100.24 and a 12 month high of $149.47. The stock has a market cap of $22.30 billion, a PE ratio of 8.02, a PEG ratio of 0.48 and a beta of 1.67. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.14.

PulteGroup (NYSE:PHM) last announced its quarterly earnings results on Tuesday, October 22nd. The construction company reported $3.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.10 by $0.25. PulteGroup had a net margin of 16.64% and a return on equity of 25.30%. The company had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.27 billion. During the same quarter in the previous year, the business earned $2.90 EPS. The firm’s revenue was up 11.8% on a year-over-year basis. On average, equities analysts forecast that PulteGroup, Inc. will post 12.94 earnings per share for the current year.

PulteGroup Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Tuesday, December 17th were paid a $0.22 dividend. The ex-dividend date was Tuesday, December 17th. This represents a $0.88 dividend on an annualized basis and a yield of 0.81%. This is a positive change from PulteGroup’s previous quarterly dividend of $0.20. PulteGroup’s payout ratio is presently 6.49%.

Analyst Upgrades and Downgrades

PHM has been the subject of several research reports. Oppenheimer reduced their target price on PulteGroup from $168.00 to $165.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. Wells Fargo & Company decreased their target price on shares of PulteGroup from $165.00 to $140.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. StockNews.com lowered shares of PulteGroup from a “buy” rating to a “hold” rating in a research report on Wednesday, December 11th. Bank of America lifted their price objective on PulteGroup from $138.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Finally, JPMorgan Chase & Co. lowered their price objective on PulteGroup from $162.00 to $155.00 and set an “overweight” rating on the stock in a research note on Friday, December 13th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $144.29.

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.