Nykredit A S Buys Shares of 58,034 PulteGroup, Inc. $PHM

Nykredit A S bought a new position in PulteGroup, Inc. (NYSE:PHM) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 58,034 shares of the construction company’s stock, valued at approximately $7,963,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cedar Mountain Advisors LLC increased its holdings in PulteGroup by 1,650.0% in the first quarter. Cedar Mountain Advisors LLC now owns 210 shares of the construction company’s stock worth $25,000 after buying an additional 198 shares during the last quarter. NFSG Corp acquired a new stake in PulteGroup in the first quarter valued at approximately $29,000. HHM Wealth Advisors LLC lifted its stake in PulteGroup by 158.5% in the first quarter. HHM Wealth Advisors LLC now owns 274 shares of the construction company’s stock valued at $32,000 after acquiring an additional 168 shares during the last quarter. DV Equities LLC bought a new stake in PulteGroup in the fourth quarter worth approximately $32,000. Finally, Lloyd Advisory Services LLC. bought a new stake in PulteGroup in the fourth quarter worth approximately $33,000. 89.90% of the stock is owned by hedge funds and other institutional investors.

PulteGroup Price Performance

NYSE PHM opened at $124.68 on Friday. PulteGroup, Inc. has a 1 year low of $108.49 and a 1 year high of $144.49. The company has a fifty day simple moving average of $128.73 and a 200 day simple moving average of $125.13. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.14. The company has a market cap of $23.37 billion, a P/E ratio of 12.74, a P/E/G ratio of 1.54 and a beta of 1.19.

PulteGroup (NYSE:PHM) last announced its earnings results on Wednesday, July 22nd. The construction company reported $2.48 EPS for the quarter, topping the consensus estimate of $2.36 by $0.12. The firm had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.94 billion. PulteGroup had a net margin of 11.62% and a return on equity of 15.21%. The business’s quarterly revenue was down 9.6% on a year-over-year basis. During the same quarter last year, the firm posted $3.03 EPS. On average, sell-side analysts predict that PulteGroup, Inc. will post 10.12 EPS for the current year.

PulteGroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Tuesday, September 15th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, September 15th. PulteGroup’s payout ratio is currently 10.62%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Citigroup restated a “market outperform” rating on shares of PulteGroup in a report on Tuesday, August 18th. Royal Bank Of Canada increased their target price on shares of PulteGroup from $115.00 to $116.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 23rd. Oppenheimer restated an “outperform” rating on shares of PulteGroup in a report on Tuesday, May 26th. UBS Group reaffirmed a “buy” rating and issued a $166.00 price target on shares of PulteGroup in a research report on Thursday, July 23rd. Finally, Evercore reiterated an “outperform” rating and set a $162.00 price target on shares of PulteGroup in a research note on Thursday, July 23rd. Thirteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $142.20.

About PulteGroup

PulteGroup, Inc (NYSE: PHM) is a U.S.-based residential homebuilder that designs, constructs and sells single-family homes and develops master-planned communities. The company operates multiple national and regional brands that target different buyer segments, including first-time buyers, move-up buyers and active-adult customers. Its operations encompass land acquisition and development, home design and construction, community amenities and ongoing customer service and warranty programs.

PulteGroup markets homes under several well-known brands, such as Pulte Homes, Centex and Del Webb, among others, offering a range of product types from entry-level detached homes to larger, higher-end residences and age-restricted active-adult communities.