Vista Investment Partners LLC Purchases 564 Shares of PulteGroup, Inc. (NYSE:PHM)

Vista Investment Partners LLC grew its position in shares of PulteGroup, Inc. (NYSE:PHM) by 3.1% in the fourth quarter, Holdings Channel reports. The firm owned 18,818 shares of the construction company’s stock after purchasing an additional 564 shares during the period. Vista Investment Partners LLC’s holdings in PulteGroup were worth $2,049,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in PHM. Grove Bank & Trust boosted its stake in PulteGroup by 18.4% during the third quarter. Grove Bank & Trust now owns 463 shares of the construction company’s stock valued at $66,000 after buying an additional 72 shares during the period. Cromwell Holdings LLC grew its holdings in shares of PulteGroup by 17.2% during the third quarter. Cromwell Holdings LLC now owns 565 shares of the construction company’s stock worth $81,000 after purchasing an additional 83 shares in the last quarter. Concord Wealth Partners increased its position in shares of PulteGroup by 1.7% in the third quarter. Concord Wealth Partners now owns 5,002 shares of the construction company’s stock worth $718,000 after purchasing an additional 83 shares during the last quarter. Ashton Thomas Private Wealth LLC raised its stake in PulteGroup by 3.0% in the third quarter. Ashton Thomas Private Wealth LLC now owns 3,054 shares of the construction company’s stock valued at $438,000 after purchasing an additional 88 shares in the last quarter. Finally, Premier Path Wealth Partners LLC raised its stake in PulteGroup by 3.8% in the fourth quarter. Premier Path Wealth Partners LLC now owns 2,572 shares of the construction company’s stock valued at $280,000 after purchasing an additional 95 shares in the last quarter. Institutional investors own 89.90% of the company’s stock.

PulteGroup Stock Down 0.7 %

Shares of PulteGroup stock opened at $115.66 on Friday. The company’s 50 day moving average price is $119.02 and its 200-day moving average price is $127.26. PulteGroup, Inc. has a 52-week low of $100.24 and a 52-week high of $149.47. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.73 and a current ratio of 0.73. The stock has a market capitalization of $23.72 billion, a price-to-earnings ratio of 8.53, a P/E/G ratio of 0.46 and a beta of 1.67.

PulteGroup Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Tuesday, December 17th were given a $0.22 dividend. This is a boost from PulteGroup’s previous quarterly dividend of $0.20. The ex-dividend date was Tuesday, December 17th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.76%. PulteGroup’s payout ratio is presently 6.49%.

Wall Street Analyst Weigh In

PHM has been the topic of a number of research analyst reports. Wedbush raised shares of PulteGroup from a “neutral” rating to an “outperform” rating and set a $135.00 price target on the stock in a report on Friday, January 3rd. Evercore ISI reduced their target price on PulteGroup from $198.00 to $195.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. lowered their price target on PulteGroup from $162.00 to $155.00 and set an “overweight” rating on the stock in a research report on Friday, December 13th. StockNews.com cut PulteGroup from a “buy” rating to a “hold” rating in a report on Wednesday, December 11th. Finally, UBS Group raised PulteGroup from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $154.00 to $148.00 in a report on Wednesday, January 8th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company has a consensus 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.