PulteGroup, Inc. (NYSE:PHM) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lifted its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 0.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,455 shares of the construction company’s stock after buying an additional 186 shares during the quarter. Daiwa Securities Group Inc.’s holdings in PulteGroup were worth $3,797,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD lifted its holdings in PulteGroup by 3.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 331,553 shares of the construction company’s stock valued at $39,993,000 after purchasing an additional 12,164 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its position in shares of PulteGroup by 7.4% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 4,472 shares of the construction company’s stock worth $539,000 after purchasing an additional 308 shares during the last quarter. Comerica Bank lifted its stake in PulteGroup by 1.0% in the 1st quarter. Comerica Bank now owns 102,788 shares of the construction company’s stock valued at $12,398,000 after buying an additional 977 shares in the last quarter. Plato Investment Management Ltd boosted its holdings in PulteGroup by 216.1% in the 1st quarter. Plato Investment Management Ltd now owns 9,334 shares of the construction company’s stock worth $1,126,000 after buying an additional 6,381 shares during the last quarter. Finally, Wahed Invest LLC increased its stake in PulteGroup by 13.1% during the 1st quarter. Wahed Invest LLC now owns 4,135 shares of the construction company’s stock worth $499,000 after buying an additional 478 shares in the last quarter. Hedge funds and other institutional investors own 89.90% of the company’s stock.

PulteGroup Stock Down 1.5 %

Shares of NYSE:PHM opened at $135.63 on Wednesday. The company has a market capitalization of $27.82 billion, a price-to-earnings ratio of 10.00, a PEG ratio of 0.53 and a beta of 1.63. PulteGroup, Inc. has a 12-month low of $86.59 and a 12-month high of $149.47. The business has a 50-day moving average price of $136.60 and a 200 day moving average price of $126.17. 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 (NYSE:PHM) last released its quarterly earnings results on Tuesday, October 22nd. The construction company reported $3.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.10 by $0.25. The business had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.27 billion. PulteGroup had a net margin of 16.64% and a return on equity of 25.30%. The business’s revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the firm earned $2.90 EPS. Sell-side analysts expect that PulteGroup, Inc. will post 12.94 EPS for the current year.

PulteGroup Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Tuesday, December 17th will be given a dividend of $0.22 per share. This is a positive change from PulteGroup’s previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend is Tuesday, December 17th. PulteGroup’s dividend payout ratio (DPR) is currently 5.90%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on PHM shares. Wedbush restated a “neutral” rating and issued a $115.00 target price on shares of PulteGroup in a research report on Tuesday, October 22nd. Bank of America raised their price objective on PulteGroup from $138.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Evercore ISI dropped their target price on shares of PulteGroup from $198.00 to $195.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. UBS Group raised their price target on shares of PulteGroup from $148.00 to $154.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Finally, Wells Fargo & Company upped their price objective on shares of PulteGroup from $150.00 to $165.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $145.00.

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.