Brooklyn Investment Group Boosts Stock Position in PulteGroup, Inc. (NYSE:PHM)

Brooklyn Investment Group boosted its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 18.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,217 shares of the construction company’s stock after purchasing an additional 186 shares during the quarter. Brooklyn Investment Group’s holdings in PulteGroup were worth $131,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in PHM. Merit Financial Group LLC lifted its holdings in shares of PulteGroup by 416.0% in the 4th quarter. Merit Financial Group LLC now owns 12,775 shares of the construction company’s stock valued at $1,391,000 after acquiring an additional 10,299 shares during the last quarter. Avanza Fonder AB bought a new stake in shares of PulteGroup in the 4th quarter valued at approximately $2,502,000. Ritholtz Wealth Management boosted its holdings in shares of PulteGroup by 29.3% in the 4th quarter. Ritholtz Wealth Management now owns 73,807 shares of the construction company’s stock worth $8,038,000 after purchasing an additional 16,746 shares during the period. Contravisory Investment Management Inc. increased its position in shares of PulteGroup by 1.6% during the 4th quarter. Contravisory Investment Management Inc. now owns 9,236 shares of the construction company’s stock valued at $1,006,000 after purchasing an additional 143 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings in PulteGroup by 41.9% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 444 shares of the construction company’s stock valued at $48,000 after buying an additional 131 shares during the period. 89.90% of the stock is owned by hedge funds and other institutional investors.

PulteGroup Stock Up 0.2 %

Shares of PulteGroup stock opened at $117.11 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.73 and a quick ratio of 0.73. The stock has a market cap of $24.02 billion, a price-to-earnings ratio of 8.64, a PEG ratio of 0.43 and a beta of 1.67. The firm’s 50-day moving average is $120.34 and its two-hundred day moving average is $127.01. PulteGroup, Inc. has a 1 year low of $100.24 and a 1 year high of $149.47.

PulteGroup (NYSE:PHM) last posted its earnings results on Tuesday, October 22nd. The construction company reported $3.35 earnings per share for the quarter, topping analysts’ consensus estimates of $3.10 by $0.25. The company had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.27 billion. PulteGroup had a return on equity of 25.30% and a net margin of 16.64%. PulteGroup’s revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.90 earnings per share. As a group, research analysts expect that PulteGroup, Inc. will post 12.96 earnings per share for the current fiscal year.

PulteGroup Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Tuesday, December 17th were given a dividend of $0.22 per share. The ex-dividend date was Tuesday, December 17th. This represents a $0.88 dividend on an annualized basis and a yield of 0.75%. This is an increase from PulteGroup’s previous quarterly dividend of $0.20. PulteGroup’s dividend payout ratio (DPR) is presently 6.49%.

Analyst Ratings Changes

PHM has been the subject of several recent analyst reports. Wedbush raised shares of PulteGroup from a “neutral” rating to an “outperform” rating and set a $135.00 price objective for the company in a research note on Friday, January 3rd. BTIG Research upped their price target on shares of PulteGroup from $139.00 to $156.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Citigroup decreased their price objective on shares of PulteGroup from $146.00 to $119.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. The Goldman Sachs Group dropped their target price on PulteGroup from $140.00 to $124.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. reduced their price target on PulteGroup from $162.00 to $155.00 and set an “overweight” rating on the stock in a report on Friday, December 13th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $144.14.

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.