GAMMA Investing LLC Buys 329 Shares of PulteGroup, Inc. (NYSE:PHM)

GAMMA Investing LLC increased its position in PulteGroup, Inc. (NYSE:PHM) by 17.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,190 shares of the construction company’s stock after purchasing an additional 329 shares during the period. GAMMA Investing LLC’s holdings in PulteGroup were worth $238,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Candriam S.C.A. purchased a new stake in shares of PulteGroup during the second quarter valued at approximately $33,000. Acadian Asset Management LLC purchased a new stake in PulteGroup during the 2nd quarter valued at $6,506,000. Ballentine Partners LLC increased its holdings in shares of PulteGroup by 20.8% in the 2nd quarter. Ballentine Partners LLC now owns 4,538 shares of the construction company’s stock worth $500,000 after purchasing an additional 781 shares in the last quarter. Oak Thistle LLC purchased a new position in shares of PulteGroup in the second quarter worth $271,000. Finally, Prudential PLC lifted its holdings in shares of PulteGroup by 131.7% during the second quarter. Prudential PLC now owns 3,976 shares of the construction company’s stock valued at $438,000 after purchasing an additional 2,260 shares in the last quarter. 89.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on PHM. UBS Group boosted their target price on PulteGroup from $148.00 to $154.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Oppenheimer decreased their price objective on shares of PulteGroup from $168.00 to $165.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Wedbush upgraded shares of PulteGroup from a “neutral” rating to an “outperform” rating and set a $135.00 target price on the stock in a report on Friday, January 3rd. Evercore ISI decreased their target price on shares of PulteGroup from $198.00 to $195.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Finally, StockNews.com downgraded PulteGroup from a “buy” rating to a “hold” rating in a research note on Wednesday, December 11th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $144.29.

PulteGroup Stock Down 1.1 %

PHM stock opened at $107.78 on Wednesday. The business’s 50-day moving average price is $123.23 and its 200-day moving average price is $126.95. The stock has a market cap of $22.10 billion, a P/E ratio of 7.95, a PEG ratio of 0.48 and a beta of 1.67. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.14. PulteGroup, Inc. has a twelve month low of $100.24 and a twelve month high of $149.47.

PulteGroup (NYSE:PHM) last issued its quarterly earnings results on Tuesday, October 22nd. The construction company reported $3.35 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.25. The business had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.27 billion. PulteGroup had a net margin of 16.64% and a return on equity of 25.30%. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.90 earnings per share. On average, equities research analysts forecast that PulteGroup, Inc. will post 12.94 EPS for the current year.

PulteGroup Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Tuesday, December 17th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend was Tuesday, December 17th. This is a positive change from PulteGroup’s previous quarterly dividend of $0.20. PulteGroup’s dividend payout ratio is presently 6.49%.

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.