Kestra Investment Management LLC Purchases Shares of 1,782 PulteGroup, Inc. (NYSE:PHM)

Kestra Investment Management LLC acquired a new position in PulteGroup, Inc. (NYSE:PHM) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,782 shares of the construction company’s stock, valued at approximately $256,000.

Other large investors have also modified their holdings of the company. Captrust Financial Advisors boosted its holdings in PulteGroup by 2.2% during the third quarter. Captrust Financial Advisors now owns 957,696 shares of the construction company’s stock valued at $137,458,000 after acquiring an additional 20,328 shares during the period. Rockefeller Capital Management L.P. lifted its position in shares of PulteGroup by 8.6% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 42,291 shares of the construction company’s stock worth $6,066,000 after purchasing an additional 3,343 shares during the last quarter. Vinva Investment Management Ltd boosted its stake in PulteGroup by 39.9% during the 3rd quarter. Vinva Investment Management Ltd now owns 119,467 shares of the construction company’s stock valued at $17,104,000 after purchasing an additional 34,082 shares during the period. Public Sector Pension Investment Board grew its holdings in PulteGroup by 10.2% in the 3rd quarter. Public Sector Pension Investment Board now owns 8,617 shares of the construction company’s stock valued at $1,237,000 after buying an additional 800 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in PulteGroup by 7.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,864,040 shares of the construction company’s stock worth $267,546,000 after buying an additional 135,391 shares during the period. 89.90% of the stock is owned by institutional investors.

PulteGroup Stock Down 0.1 %

Shares of NYSE:PHM opened at $135.16 on Tuesday. The company’s fifty day moving average is $136.04 and its 200-day moving average is $126.67. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.73 and a current ratio of 0.73. PulteGroup, Inc. has a 52 week low of $89.81 and a 52 week high of $149.47. The company has a market capitalization of $27.72 billion, a PE ratio of 9.97, a P/E/G ratio of 0.55 and a beta of 1.62.

PulteGroup (NYSE:PHM) last released its quarterly earnings results on Tuesday, October 22nd. The construction company reported $3.35 EPS for the quarter, beating analysts’ consensus estimates of $3.10 by $0.25. The firm had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.27 billion. PulteGroup had a net margin of 16.64% and a return on equity of 25.30%. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.90 earnings per share. Equities research analysts predict that PulteGroup, Inc. will post 12.94 earnings per share for the current fiscal year.

PulteGroup Increases Dividend

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on PHM shares. BTIG Research increased their price objective on PulteGroup from $139.00 to $156.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Bank of America raised their price target on shares of PulteGroup from $138.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Wolfe Research lowered shares of PulteGroup from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, August 14th. Wedbush reissued a “neutral” rating and set a $115.00 target price on shares of PulteGroup in a research report on Tuesday, October 22nd. Finally, Wells Fargo & Company upped their price target on PulteGroup from $150.00 to $165.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $145.00.

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.