Tounjian Advisory Partners LLC Makes New $6.81 Million Investment in PulteGroup, Inc. (NYSE:PHM)

Tounjian Advisory Partners LLC acquired a new stake in PulteGroup, Inc. (NYSE:PHM) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 66,278 shares of the construction company’s stock, valued at approximately $6,813,000. PulteGroup accounts for 1.3% of Tounjian Advisory Partners LLC’s holdings, making the stock its 15th biggest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Meridian Wealth Management LLC raised its stake in PulteGroup by 0.7% in the fourth quarter. Meridian Wealth Management LLC now owns 13,224 shares of the construction company’s stock valued at $1,440,000 after buying an additional 95 shares in the last quarter. Fidelis Capital Partners LLC increased its holdings in shares of PulteGroup by 2.4% in the 4th quarter. Fidelis Capital Partners LLC now owns 4,384 shares of the construction company’s stock valued at $479,000 after acquiring an additional 103 shares during the last quarter. TD Waterhouse Canada Inc. raised its position in shares of PulteGroup by 43.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 349 shares of the construction company’s stock worth $38,000 after acquiring an additional 105 shares in the last quarter. NDVR Inc. lifted its stake in PulteGroup by 6.0% during the fourth quarter. NDVR Inc. now owns 1,984 shares of the construction company’s stock worth $216,000 after purchasing an additional 112 shares during the last quarter. Finally, Coppell Advisory Solutions LLC boosted its holdings in PulteGroup by 10.0% in the fourth quarter. Coppell Advisory Solutions LLC now owns 1,271 shares of the construction company’s stock valued at $138,000 after purchasing an additional 116 shares in the last quarter. 89.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Wedbush reissued an “outperform” rating and set a $135.00 price objective on shares of PulteGroup in a report on Tuesday, April 22nd. Evercore ISI lifted their price target on shares of PulteGroup from $161.00 to $165.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 23rd. Barclays decreased their price objective on shares of PulteGroup from $100.00 to $98.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 23rd. Seaport Res Ptn upgraded PulteGroup from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 6th. Finally, Wells Fargo & Company decreased their target price on PulteGroup from $140.00 to $120.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, PulteGroup presently has a consensus rating of “Moderate Buy” and an average price target of $134.69.

PulteGroup Stock Down 1.4%

PHM stock opened at $100.23 on Monday. The stock has a market capitalization of $20.09 billion, a PE ratio of 6.81, a price-to-earnings-growth ratio of 0.29 and a beta of 1.29. The company has a fifty day moving average of $99.55 and a 200-day moving average of $107.82. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.86 and a current ratio of 0.86. PulteGroup, Inc. has a one year low of $88.07 and a one year high of $149.47.

PulteGroup (NYSE:PHM) last released its earnings results on Tuesday, April 22nd. The construction company reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.47 by $0.10. The company had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.86 billion. PulteGroup had a return on equity of 24.43% and a net margin of 17.18%. During the same quarter in the previous year, the firm posted $3.10 EPS. As a group, analysts expect that PulteGroup, Inc. will post 12.32 EPS for the current year.

PulteGroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Tuesday, June 17th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.88%. The ex-dividend date is Tuesday, June 17th. PulteGroup’s payout ratio is 6.21%.

About PulteGroup

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.