Fifth Third Wealth Advisors LLC Has $403,000 Holdings in PulteGroup, Inc. (NYSE:PHM)

Fifth Third Wealth Advisors LLC lifted its holdings in PulteGroup, Inc. (NYSE:PHM) by 14.1% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,916 shares of the construction company’s stock after acquiring an additional 483 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in PulteGroup were worth $403,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Hager Investment Management Services LLC acquired a new position in shares of PulteGroup in the fourth quarter valued at about $29,000. Ameriflex Group Inc. acquired a new position in shares of PulteGroup in the fourth quarter valued at about $37,000. TD Waterhouse Canada Inc. grew its stake in shares of PulteGroup by 43.0% in the fourth quarter. TD Waterhouse Canada Inc. now owns 349 shares of the construction company’s stock valued at $38,000 after acquiring an additional 105 shares in the last quarter. Quarry LP acquired a new position in shares of PulteGroup in the fourth quarter valued at about $43,000. Finally, Oakworth Capital Inc. grew its stake in shares of PulteGroup by 642.2% in the fourth quarter. Oakworth Capital Inc. now owns 475 shares of the construction company’s stock valued at $52,000 after acquiring an additional 411 shares in the last quarter. 89.90% of the stock is currently owned by institutional investors and hedge funds.

PulteGroup Trading Up 1.1%

PHM opened at $98.67 on Wednesday. The company’s 50 day moving average is $99.63 and its 200-day moving average is $108.53. PulteGroup, Inc. has a 1-year low of $88.07 and a 1-year high of $149.47. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.13. The company has a market cap of $19.78 billion, a P/E ratio of 6.71, a PEG ratio of 0.29 and a beta of 1.37.

PulteGroup (NYSE:PHM) last posted its earnings results on Tuesday, April 22nd. The construction company reported $2.57 EPS for the quarter, topping the consensus estimate of $2.47 by $0.10. PulteGroup had a net margin of 17.18% and a return on equity of 24.43%. The business had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.86 billion. During the same period last year, the company earned $3.10 EPS. Equities research analysts predict that PulteGroup, Inc. will post 12.32 earnings per share for the current fiscal year.

PulteGroup Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Tuesday, June 17th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $0.88 annualized dividend and a yield of 0.89%. PulteGroup’s dividend payout ratio is presently 6.21%.

Analysts Set New Price Targets

Several research firms recently commented on PHM. Seaport Res Ptn upgraded shares of PulteGroup from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 6th. Wedbush reiterated an “outperform” rating and set a $135.00 price objective on shares of PulteGroup in a research note on Tuesday, April 22nd. Barclays reduced their price objective on shares of PulteGroup from $100.00 to $98.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 23rd. Royal Bank of Canada reduced their price objective on shares of PulteGroup from $116.00 to $109.00 and set a “sector perform” rating on the stock in a research note on Wednesday, April 23rd. Finally, Wells Fargo & Company reduced their price objective on shares of PulteGroup from $140.00 to $120.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, PulteGroup currently has a consensus rating of “Moderate Buy” and an average target price of $134.69.

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.