5,227 Shares in PulteGroup, Inc. (NYSE:PHM) Bought by HighPoint Advisor Group LLC

HighPoint Advisor Group LLC purchased a new position in shares of PulteGroup, Inc. (NYSE:PHM) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 5,227 shares of the construction company’s stock, valued at approximately $540,000.

Other large investors have also recently bought and sold shares of the company. Rakuten Securities Inc. acquired a new stake in PulteGroup during the 4th quarter worth $37,000. Lindbrook Capital LLC boosted its stake in PulteGroup by 335.6% during the 4th quarter. Lindbrook Capital LLC now owns 379 shares of the construction company’s stock worth $39,000 after purchasing an additional 292 shares during the period. Security National Bank acquired a new stake in shares of PulteGroup in the 4th quarter worth $40,000. ORG Partners LLC lifted its stake in shares of PulteGroup by 3,463.6% in the 4th quarter. ORG Partners LLC now owns 392 shares of the construction company’s stock worth $40,000 after acquiring an additional 381 shares during the period. Finally, Scarborough Advisors LLC acquired a new stake in shares of PulteGroup in the 4th quarter worth $44,000. Institutional investors and hedge funds own 89.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Barclays raised their target price on shares of PulteGroup from $126.00 to $136.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. StockNews.com upgraded shares of PulteGroup from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th. Raymond James restated an “outperform” rating and issued a $135.00 target price (up previously from $120.00) on shares of PulteGroup in a research note on Thursday, April 25th. Royal Bank of Canada raised their target price on shares of PulteGroup from $106.00 to $113.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 24th. Finally, Jefferies Financial Group increased their price target on shares of PulteGroup from $126.00 to $131.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, PulteGroup has an average rating of “Moderate Buy” and an average price target of $113.07.

PulteGroup Stock Performance

NYSE:PHM opened at $111.14 on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.18. The firm has a 50-day moving average price of $113.70 and a two-hundred day moving average price of $108.88. PulteGroup, Inc. has a twelve month low of $68.80 and a twelve month 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 0.50 and a beta of 1.59.

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

PulteGroup Announces Dividend

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

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.