Universal Beteiligungs und Servicegesellschaft mbH Has $15.81 Million Holdings in PulteGroup, Inc. $PHM

Universal Beteiligungs und Servicegesellschaft mbH lessened its position in PulteGroup, Inc. (NYSE:PHM) by 3.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 149,905 shares of the construction company’s stock after selling 4,729 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.08% of PulteGroup worth $15,809,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in shares of PulteGroup by 40.3% in the first quarter. JPMorgan Chase & Co. now owns 3,486,330 shares of the construction company’s stock valued at $358,395,000 after purchasing an additional 1,001,290 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of PulteGroup by 11.8% during the first quarter. Ameriprise Financial Inc. now owns 2,570,022 shares of the construction company’s stock valued at $264,216,000 after buying an additional 271,917 shares in the last quarter. Nuveen LLC acquired a new position in PulteGroup during the first quarter valued at $213,092,000. Price T Rowe Associates Inc. MD lifted its stake in PulteGroup by 21.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,579,792 shares of the construction company’s stock worth $162,403,000 after acquiring an additional 276,077 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in PulteGroup by 1.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,374,328 shares of the construction company’s stock worth $141,281,000 after acquiring an additional 22,837 shares in the last quarter. Institutional investors and hedge funds own 89.90% of the company’s stock.

PulteGroup Stock Performance

PHM stock opened at $113.44 on Wednesday. The firm has a 50 day moving average of $125.66 and a two-hundred day moving average of $117.27. PulteGroup, Inc. has a 12 month low of $88.07 and a 12 month high of $142.11. The company has a market capitalization of $22.11 billion, a price-to-earnings ratio of 8.73, a P/E/G ratio of 0.95 and a beta of 1.25. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.13.

PulteGroup (NYSE:PHM) last released its quarterly earnings results on Tuesday, October 21st. The construction company reported $2.96 earnings per share for the quarter, beating analysts’ consensus estimates of $2.86 by $0.10. The business had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.31 billion. PulteGroup had a net margin of 14.93% and a return on equity of 19.58%. PulteGroup’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter last year, the firm earned $3.35 EPS. As a group, equities analysts anticipate that PulteGroup, Inc. will post 12.32 EPS for the current fiscal year.

PulteGroup Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Tuesday, September 16th were issued a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $0.88 annualized dividend and a yield of 0.8%. PulteGroup’s dividend payout ratio is 6.77%.

Wall Street Analyst Weigh In

Several research firms have weighed in on PHM. Oppenheimer lifted their target price on PulteGroup from $132.00 to $140.00 and gave the company an “outperform” rating in a research note on Wednesday, July 23rd. Evercore ISI decreased their price target on shares of PulteGroup from $154.00 to $134.00 and set an “in-line” rating for the company in a report on Wednesday, October 22nd. Wells Fargo & Company boosted their price objective on shares of PulteGroup from $135.00 to $150.00 and gave the company an “overweight” rating in a research report on Tuesday, September 2nd. Bank of America cut their target price on shares of PulteGroup from $145.00 to $140.00 and set a “buy” rating for the company in a research report on Friday, October 10th. Finally, Zacks Research raised shares of PulteGroup from a “strong sell” rating to a “hold” rating in a research note on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $133.67.

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.