Centaurus Financial Inc. Acquires New Shares in PulteGroup, Inc. (NYSE:PHM)

Centaurus Financial Inc. acquired a new stake in PulteGroup, Inc. (NYSE:PHM) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,484 shares of the construction company’s stock, valued at approximately $153,000.

A number of other large investors have also made changes to their positions in the company. Certuity LLC bought a new position in PulteGroup during the 4th quarter worth about $245,000. Nordea Investment Management AB increased its holdings in PulteGroup by 4.0% during the 4th quarter. Nordea Investment Management AB now owns 753,768 shares of the construction company’s stock worth $78,030,000 after purchasing an additional 28,833 shares in the last quarter. Personal CFO Solutions LLC bought a new position in PulteGroup during the 4th quarter worth about $719,000. Truist Financial Corp increased its holdings in PulteGroup by 248.6% during the 4th quarter. Truist Financial Corp now owns 191,219 shares of the construction company’s stock worth $19,738,000 after purchasing an additional 136,370 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in PulteGroup by 65.0% during the 3rd quarter. American Century Companies Inc. now owns 224,978 shares of the construction company’s stock worth $16,660,000 after purchasing an additional 88,638 shares in the last quarter. Institutional investors own 89.90% of the company’s stock.

PulteGroup Trading Down 2.7 %

Shares of NYSE:PHM opened at $111.14 on Wednesday. PulteGroup, Inc. has a 52-week low of $68.80 and a 52-week high of $122.72. The company has a market capitalization of $23.38 billion, a P/E ratio of 8.90, a price-to-earnings-growth ratio of 0.51 and a beta of 1.59. The company has a 50-day simple moving average of $113.67 and a 200 day simple moving average of $108.86. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.85 and a current ratio of 0.85.

PulteGroup (NYSE:PHM) last issued its earnings results on Tuesday, April 23rd. The construction company reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.51. The business had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $3.59 billion. PulteGroup had a net margin of 16.63% and a return on equity of 25.81%. Sell-side analysts forecast that PulteGroup, Inc. will post 12.64 earnings per share for the current year.

PulteGroup Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Tuesday, June 18th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a $0.80 annualized dividend and a yield of 0.72%. PulteGroup’s dividend payout ratio (DPR) is presently 6.41%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Jefferies Financial Group increased their target price on PulteGroup from $126.00 to $131.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Oppenheimer increased their target price on PulteGroup from $138.00 to $143.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Zelman & Associates upgraded PulteGroup from a “neutral” rating to an “outperform” rating in a report on Wednesday, April 24th. Citigroup raised their price objective on PulteGroup from $127.00 to $129.00 and gave the company a “neutral” rating in a report on Friday, May 17th. Finally, Barclays raised their price objective on PulteGroup from $126.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $113.07.

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.