PulteGroup, Inc. (NYSE:PHM) Shares Bought by Brooklyn Investment Group

Brooklyn Investment Group raised its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 18.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,217 shares of the construction company’s stock after buying an additional 186 shares during the period. Brooklyn Investment Group’s holdings in PulteGroup were worth $131,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PHM. Fortitude Family Office LLC grew its stake in PulteGroup by 115.1% during the 3rd quarter. Fortitude Family Office LLC now owns 185 shares of the construction company’s stock worth $27,000 after buying an additional 99 shares during the last quarter. Transcendent Capital Group LLC purchased a new stake in shares of PulteGroup during the third quarter worth about $29,000. JNBA Financial Advisors acquired a new position in shares of PulteGroup during the third quarter valued at about $43,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in 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 worth $45,000 after purchasing an additional 286 shares in the last quarter. Finally, Grove Bank & Trust grew its position in PulteGroup by 18.4% during the 3rd quarter. Grove Bank & Trust now owns 463 shares of the construction company’s stock worth $66,000 after purchasing an additional 72 shares during the last quarter. Hedge funds and other institutional investors own 89.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on PHM. Wedbush raised shares of PulteGroup from a “neutral” rating to an “outperform” rating and set a $135.00 price target for the company in a report on Friday, January 3rd. JPMorgan Chase & Co. dropped their price target on PulteGroup from $162.00 to $155.00 and set an “overweight” rating on the stock in a research note on Friday, December 13th. The Goldman Sachs Group cut their price objective on PulteGroup from $140.00 to $124.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. BTIG Research lifted their target price on PulteGroup from $139.00 to $156.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, Barclays cut their price target on shares of PulteGroup from $140.00 to $125.00 and set an “equal weight” rating on the stock in a report on Thursday. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $144.14.

PulteGroup Trading Up 0.2 %

PHM stock opened at $117.11 on Friday. PulteGroup, Inc. has a 52-week low of $100.24 and a 52-week high of $149.47. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.14. The firm has a market cap of $24.02 billion, a P/E ratio of 8.64, a PEG ratio of 0.43 and a beta of 1.67. The company’s 50-day simple moving average is $120.34 and its 200-day simple moving average is $127.01.

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

PulteGroup Increases Dividend

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

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.