Landscape Capital Management L.L.C. Takes $1.07 Million Position in PulteGroup, Inc. (NYSE:PHM)

Landscape Capital Management L.L.C. bought a new stake in PulteGroup, Inc. (NYSE:PHM - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 7,481 shares of the construction company's stock, valued at approximately $1,074,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in PHM. CreativeOne Wealth LLC raised its holdings in shares of PulteGroup by 5.3% during the 1st quarter. CreativeOne Wealth LLC now owns 4,449 shares of the construction company's stock worth $536,000 after buying an additional 222 shares in the last quarter. EP Wealth Advisors LLC bought a new position in shares of PulteGroup in the first quarter worth about $246,000. Canada Pension Plan Investment Board boosted its stake in shares of PulteGroup by 54.4% in the 1st quarter. Canada Pension Plan Investment Board now owns 188,787 shares of the construction company's stock valued at $22,771,000 after purchasing an additional 66,487 shares in the last quarter. 1832 Asset Management L.P. grew its holdings in shares of PulteGroup by 8.3% during the 1st quarter. 1832 Asset Management L.P. now owns 31,081 shares of the construction company's stock valued at $3,749,000 after purchasing an additional 2,387 shares during the last quarter. Finally, Lazard Asset Management LLC increased its position in PulteGroup by 1.1% during the 1st quarter. Lazard Asset Management LLC now owns 464,217 shares of the construction company's stock worth $55,993,000 after purchasing an additional 5,022 shares in the last quarter. 89.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Wolfe Research downgraded PulteGroup from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, August 14th. Wells Fargo & Company upped their price target on PulteGroup from $150.00 to $165.00 and gave the company an "overweight" rating in a research report on Monday, October 7th. Evercore ISI lowered their price objective on PulteGroup from $198.00 to $195.00 and set an "outperform" rating for the company in a research report on Wednesday, October 23rd. Oppenheimer reduced their target price on PulteGroup from $168.00 to $165.00 and set an "outperform" rating on the stock in a report on Wednesday, October 23rd. Finally, BTIG Research raised their price target on shares of PulteGroup from $139.00 to $156.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $145.00.

Insider Activity

In other news, Director Thomas J. Folliard sold 19,000 shares of the business's stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $131.14, for a total value of $2,491,660.00. Following the sale, the director now owns 45,230 shares of the company's stock, valued at $5,931,462.20. The trade was a 29.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.83% of the company's stock.

PulteGroup Trading Up 1.3 %

PHM opened at $129.76 on Friday. The firm has a market capitalization of $26.61 billion, a PE ratio of 9.57, a P/E/G ratio of 0.52 and a beta of 1.63. PulteGroup, Inc. has a fifty-two week low of $86.59 and a fifty-two week high of $149.47. The company's 50-day moving average is $136.74 and its 200 day moving average is $125.77. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.73 and a quick ratio of 0.73.

PulteGroup (NYSE:PHM - Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The construction company reported $3.35 earnings per share for the quarter, beating analysts' consensus estimates of $3.10 by $0.25. The company 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 firm's revenue was up 11.8% on a year-over-year basis. During the same period last year, the firm earned $2.90 earnings per share. As a group, research analysts predict that PulteGroup, Inc. will post 12.94 earnings per share for the current fiscal year.

PulteGroup Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Tuesday, December 17th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.88 annualized dividend and a yield of 0.68%. This is a positive change from PulteGroup's previous quarterly dividend of $0.20. PulteGroup's dividend payout ratio is presently 5.90%.

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.