PulteGroup, Inc. $PHM Shares Bought by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. raised its position in PulteGroup, Inc. (NYSE:PHM) by 1.5% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 88,574 shares of the construction company’s stock after buying an additional 1,278 shares during the quarter. Asset Management One Co. Ltd.’s holdings in PulteGroup were worth $9,341,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Reyes Financial Architecture Inc. boosted its position in shares of PulteGroup by 42.1% during the 1st quarter. Reyes Financial Architecture Inc. now owns 770 shares of the construction company’s stock worth $79,000 after purchasing an additional 228 shares in the last quarter. Xponance Inc. lifted its holdings in PulteGroup by 38.6% in the 1st quarter. Xponance Inc. now owns 38,993 shares of the construction company’s stock valued at $4,008,000 after purchasing an additional 10,867 shares in the last quarter. Florida Financial Advisors LLC lifted its holdings in PulteGroup by 30.5% in the 1st quarter. Florida Financial Advisors LLC now owns 4,832 shares of the construction company’s stock valued at $496,000 after purchasing an additional 1,129 shares in the last quarter. Edgestream Partners L.P. lifted its holdings in PulteGroup by 2,687.0% in the 1st quarter. Edgestream Partners L.P. now owns 77,310 shares of the construction company’s stock valued at $7,947,000 after purchasing an additional 74,536 shares in the last quarter. Finally, Golden State Wealth Management LLC increased its stake in shares of PulteGroup by 15.9% during the 1st quarter. Golden State Wealth Management LLC now owns 909 shares of the construction company’s stock valued at $93,000 after acquiring an additional 125 shares during the last quarter. 89.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PHM has been the subject of a number of research analyst reports. UBS Group upped their price objective on shares of PulteGroup from $141.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Bank of America lowered their price objective on shares of PulteGroup from $145.00 to $140.00 and set a “buy” rating for the company in a research report on Friday, October 10th. Citigroup increased their price objective on shares of PulteGroup from $132.00 to $143.00 and gave the company a “neutral” rating in a research report on Wednesday, October 1st. Zacks Research raised shares of PulteGroup from a “strong sell” rating to a “hold” rating in a research report on Friday, August 29th. Finally, JPMorgan Chase & Co. raised their price objective on PulteGroup from $121.00 to $123.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $133.67.

PulteGroup Price Performance

Shares of NYSE PHM opened at $120.25 on Tuesday. PulteGroup, Inc. has a fifty-two week low of $88.07 and a fifty-two week high of $142.11. The firm’s 50-day simple moving average is $130.19 and its 200 day simple moving average is $114.87. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.13. The stock has a market cap of $23.44 billion, a P/E ratio of 9.26, a P/E/G ratio of 0.96 and a beta of 1.29.

PulteGroup (NYSE:PHM) last issued its quarterly earnings results on Tuesday, October 21st. The construction company reported $2.96 EPS for the quarter, topping the consensus estimate of $2.86 by $0.10. PulteGroup had a net margin of 14.93% and a return on equity of 19.58%. The firm had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $4.31 billion. During the same period in the previous year, the business earned $3.35 earnings per share. PulteGroup’s revenue for the quarter was down 1.6% compared to the same quarter last year. Equities analysts expect that PulteGroup, Inc. will post 12.32 EPS for the current year.

PulteGroup Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Tuesday, September 16th were given a $0.22 dividend. The ex-dividend date was Tuesday, September 16th. This represents a $0.88 annualized dividend and a yield of 0.7%. PulteGroup’s payout ratio is 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.