PulteGroup, Inc. (NYSE:PHM) Shares Bought by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. increased its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 3.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,559 shares of the construction company’s stock after buying an additional 143 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in PulteGroup were worth $496,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Fortitude Family Office LLC increased its position in PulteGroup by 74.1% in the 4th quarter. Fortitude Family Office LLC now owns 322 shares of the construction company’s stock valued at $35,000 after acquiring an additional 137 shares during the period. Oliver Luxxe Assets LLC grew its stake in shares of PulteGroup by 1.3% in the fourth quarter. Oliver Luxxe Assets LLC now owns 48,427 shares of the construction company’s stock worth $5,274,000 after purchasing an additional 607 shares in the last quarter. CWA Asset Management Group LLC increased its holdings in shares of PulteGroup by 5.6% during the fourth quarter. CWA Asset Management Group LLC now owns 54,364 shares of the construction company’s stock valued at $5,920,000 after purchasing an additional 2,860 shares during the period. Pensionfund Sabic raised its stake in shares of PulteGroup by 71.4% during the fourth quarter. Pensionfund Sabic now owns 12,000 shares of the construction company’s stock valued at $1,307,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Nordea Investment Management AB lifted its holdings in PulteGroup by 10.0% in the fourth quarter. Nordea Investment Management AB now owns 1,424,119 shares of the construction company’s stock worth $155,856,000 after purchasing an additional 129,975 shares during the period. Institutional investors own 89.90% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on PHM. BTIG Research boosted their price target on shares of PulteGroup from $139.00 to $156.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Barclays reiterated an “equal weight” rating and set a $140.00 price objective (down previously from $150.00) on shares of PulteGroup in a research note on Wednesday, December 11th. Bank of America upped their target price on PulteGroup from $138.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. The Goldman Sachs Group lowered their price target on PulteGroup from $140.00 to $124.00 and set a “neutral” rating on the stock in a research report on Tuesday. Finally, Citigroup cut their price objective on PulteGroup from $146.00 to $119.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $145.21.

PulteGroup Trading Up 3.0 %

Shares of PHM opened at $112.30 on Wednesday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.14. PulteGroup, Inc. has a 1-year low of $100.24 and a 1-year high of $149.47. The stock has a market capitalization of $23.03 billion, a P/E ratio of 8.28, a P/E/G ratio of 0.48 and a beta of 1.67. The business’s 50-day moving average price is $121.20 and its 200 day moving average price is $126.93.

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

PulteGroup Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Tuesday, December 17th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.78%. The ex-dividend date was Tuesday, December 17th. This is a boost from PulteGroup’s previous quarterly dividend of $0.20. PulteGroup’s dividend payout ratio (DPR) is 6.49%.

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.