Czech National Bank Buys 2,192 Shares of PulteGroup, Inc. (NYSE:PHM)

Czech National Bank increased its position in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 5.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 44,466 shares of the construction company's stock after buying an additional 2,192 shares during the quarter. Czech National Bank's holdings in PulteGroup were worth $4,842,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. American Century Companies Inc. lifted its position in PulteGroup by 1.5% during the 2nd quarter. American Century Companies Inc. now owns 311,097 shares of the construction company's stock worth $34,252,000 after buying an additional 4,588 shares in the last quarter. Virtu Financial LLC bought a new stake in PulteGroup during the second quarter worth about $1,145,000. Mercer Global Advisors Inc. ADV boosted its position in PulteGroup by 3.6% during the second quarter. Mercer Global Advisors Inc. ADV now owns 307,123 shares of the construction company's stock valued at $34,013,000 after purchasing an additional 10,626 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in PulteGroup by 5.5% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 39,159 shares of the construction company's stock valued at $4,306,000 after purchasing an additional 2,050 shares during the last quarter. Finally, Blair William & Co. IL grew its stake in PulteGroup by 25.1% in the second quarter. Blair William & Co. IL now owns 34,127 shares of the construction company's stock valued at $3,757,000 after purchasing an additional 6,858 shares in the last quarter. Institutional investors and hedge funds own 89.90% of the company's stock.

PulteGroup Stock Performance

NYSE PHM traded up $0.98 on Thursday, reaching $116.95. The stock had a trading volume of 2,252,096 shares, compared to its average volume of 1,921,270. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.73 and a quick ratio of 0.73. The company has a market cap of $23.98 billion, a P/E ratio of 8.62, a price-to-earnings-growth ratio of 0.43 and a beta of 1.67. The firm has a fifty day moving average of $120.93 and a two-hundred day moving average of $126.85. PulteGroup, Inc. has a 1-year low of $100.24 and a 1-year high of $149.47.

PulteGroup (NYSE:PHM - Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The construction company reported $3.35 EPS for the quarter, beating the consensus estimate of $3.10 by $0.25. PulteGroup had a net margin of 16.64% and a return on equity of 25.30%. The business had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.27 billion. During the same period in the prior year, the company posted $2.90 earnings per share. PulteGroup's revenue was up 11.8% compared to the same quarter last year. On average, equities research analysts anticipate that PulteGroup, Inc. will post 12.96 EPS for the current year.

PulteGroup Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Tuesday, December 17th were issued 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 annualized dividend and a dividend yield of 0.75%. PulteGroup's dividend payout ratio (DPR) is currently 6.49%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on PHM shares. Oppenheimer cut their price objective on PulteGroup from $168.00 to $165.00 and set an "outperform" rating for the company in a report on Wednesday, October 23rd. Evercore ISI cut their price target on shares of PulteGroup from $198.00 to $195.00 and set an "outperform" rating for the company in a research note on Wednesday, October 23rd. Barclays lowered their price objective on shares of PulteGroup from $140.00 to $125.00 and set an "equal weight" rating on the stock in a research note on Thursday. StockNews.com downgraded shares of PulteGroup from a "buy" rating to a "hold" rating in a research note on Wednesday, December 11th. Finally, Wedbush upgraded 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. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, PulteGroup currently has an average rating of "Moderate Buy" and an average target price of $144.14.

PulteGroup 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.