Foster & Motley Inc. Acquires 307 Shares of PulteGroup, Inc. (NYSE:PHM)

Foster & Motley Inc. grew its holdings in PulteGroup, Inc. (NYSE:PHM) by 0.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 71,552 shares of the construction company’s stock after purchasing an additional 307 shares during the quarter. Foster & Motley Inc.’s holdings in PulteGroup were worth $7,792,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of PHM. Fortitude Family Office LLC boosted its holdings in PulteGroup by 115.1% in the third quarter. Fortitude Family Office LLC now owns 185 shares of the construction company’s stock worth $27,000 after purchasing an additional 99 shares in the last quarter. Transcendent Capital Group LLC acquired a new stake in shares of PulteGroup in the third quarter worth about $29,000. R Squared Ltd bought a new stake in shares of PulteGroup during the 4th quarter worth about $39,000. JNBA Financial Advisors acquired a new position in shares of PulteGroup during the 3rd quarter valued at about $43,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of PulteGroup by 1,059.3% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 313 shares of the construction company’s stock valued at $45,000 after acquiring an additional 286 shares in the last quarter. Institutional investors and hedge funds own 89.90% of the company’s stock.

PulteGroup Stock Performance

Shares of NYSE PHM opened at $112.90 on Thursday. The firm has a market capitalization of $23.15 billion, a price-to-earnings ratio of 8.33, a PEG ratio of 0.46 and a beta of 1.67. PulteGroup, Inc. has a one year low of $100.24 and a one year high of $149.47. The business has a fifty day simple moving average of $118.53 and a 200 day simple moving average of $127.58. 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 Increases Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on PHM shares. Citigroup decreased their target price on PulteGroup from $146.00 to $119.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. UBS Group upgraded shares of PulteGroup from a “neutral” rating to a “buy” rating and lowered their target price for the company from $154.00 to $148.00 in a research note on Wednesday, January 8th. StockNews.com lowered shares of PulteGroup from a “buy” rating to a “hold” rating in a research report on Wednesday, December 11th. 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, January 14th. Finally, Wells Fargo & Company cut their price objective on PulteGroup from $165.00 to $140.00 and set an “overweight” rating for the company in a research report on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $142.29.

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.