Kathmere Capital Management LLC Acquires 407 Shares of PulteGroup, Inc. (NYSE:PHM)

Kathmere Capital Management LLC lifted its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 14.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,144 shares of the construction company’s stock after purchasing an additional 407 shares during the period. Kathmere Capital Management LLC’s holdings in PulteGroup were worth $379,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. LPL Financial LLC grew its position in shares of PulteGroup by 77.9% during the 3rd quarter. LPL Financial LLC now owns 239,029 shares of the construction company’s stock valued at $17,700,000 after acquiring an additional 104,645 shares during the period. Stifel Financial Corp grew its holdings in PulteGroup by 50.0% during the third quarter. Stifel Financial Corp now owns 52,692 shares of the construction company’s stock valued at $3,902,000 after purchasing an additional 17,569 shares during the period. Treasurer of the State of North Carolina increased its position in PulteGroup by 1.3% in the third quarter. Treasurer of the State of North Carolina now owns 124,870 shares of the construction company’s stock worth $9,247,000 after buying an additional 1,543 shares during the last quarter. Qube Research & Technologies Ltd bought a new stake in shares of PulteGroup in the third quarter valued at $18,264,000. Finally, Bank of Nova Scotia lifted its position in shares of PulteGroup by 14.9% during the 3rd quarter. Bank of Nova Scotia now owns 20,398 shares of the construction company’s stock valued at $1,510,000 after buying an additional 2,638 shares during the last quarter. 89.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PHM has been the subject of several recent research reports. Jefferies Financial Group lifted their price objective on PulteGroup from $126.00 to $131.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Zelman & Associates upgraded shares of PulteGroup from a “neutral” rating to an “outperform” rating in a research note on Wednesday, April 24th. Oppenheimer lifted their price objective on shares of PulteGroup from $138.00 to $143.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Barclays increased their target price on PulteGroup from $126.00 to $136.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Finally, StockNews.com raised PulteGroup from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, PulteGroup presently has an average rating of “Moderate Buy” and a consensus price target of $113.07.

PulteGroup Stock Performance

NYSE:PHM opened at $110.10 on Friday. The company has a market capitalization of $23.16 billion, a price-to-earnings ratio of 8.82, a PEG ratio of 0.49 and a beta of 1.59. The business has a 50 day moving average of $114.11 and a 200 day moving average of $109.70. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.85 and a quick ratio of 0.85. PulteGroup, Inc. has a 1-year low of $68.80 and a 1-year high of $122.72.

PulteGroup (NYSE:PHM) last posted its quarterly earnings results on Tuesday, April 23rd. The construction company reported $2.87 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $3.59 billion. On average, sell-side analysts predict that PulteGroup, Inc. will post 12.64 earnings per share for the current fiscal year.

PulteGroup Dividend Announcement

The firm also recently declared 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 0.73%. PulteGroup’s payout ratio is 6.41%.

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.