Park Avenue Securities LLC Has $4.11 Million Holdings in PulteGroup, Inc. (NYSE:PHM)

Park Avenue Securities LLC lifted its holdings in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 16.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,734 shares of the construction company's stock after purchasing an additional 5,332 shares during the quarter. Park Avenue Securities LLC's holdings in PulteGroup were worth $4,109,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PHM. Logan Capital Management Inc. lifted its position in PulteGroup by 67.7% during the third quarter. Logan Capital Management Inc. now owns 14,797 shares of the construction company's stock worth $2,124,000 after purchasing an additional 5,976 shares during the period. Sanctuary Advisors LLC raised its position in shares of PulteGroup by 38.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 121,299 shares of the construction company's stock valued at $17,410,000 after buying an additional 33,472 shares in the last quarter. Trustmark National Bank Trust Department lifted its holdings in shares of PulteGroup by 39.8% during the 3rd quarter. Trustmark National Bank Trust Department now owns 39,589 shares of the construction company's stock worth $5,682,000 after acquiring an additional 11,269 shares during the period. Systematic Financial Management LP boosted its position in shares of PulteGroup by 3.9% during the 3rd quarter. Systematic Financial Management LP now owns 130,257 shares of the construction company's stock worth $18,696,000 after acquiring an additional 4,840 shares in the last quarter. Finally, New Millennium Group LLC boosted its position in shares of PulteGroup by 10,625.8% during the 3rd quarter. New Millennium Group LLC now owns 9,546 shares of the construction company's stock worth $1,370,000 after acquiring an additional 9,457 shares in the last quarter. 89.90% of the stock is currently owned by institutional investors and hedge funds.

PulteGroup Trading Up 0.2 %

NYSE:PHM traded up $0.18 during mid-day trading on Friday, hitting $117.11. 2,441,237 shares of the company's stock were exchanged, compared to its average volume of 1,968,594. 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, Inc. has a fifty-two week low of $100.24 and a fifty-two week high of $149.47. The company has a 50 day simple moving average of $120.34 and a 200-day simple moving average of $126.86. The firm has a market capitalization of $24.02 billion, a P/E ratio of 8.64, a PEG ratio of 0.43 and a beta of 1.67.

PulteGroup (NYSE:PHM - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The construction company reported $3.35 EPS for the quarter, topping analysts' consensus estimates of $3.10 by $0.25. PulteGroup had a net margin of 16.64% and a return on equity of 25.30%. The company had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.27 billion. During the same quarter in the previous year, the business earned $2.90 earnings per share. PulteGroup's revenue was up 11.8% compared to the same quarter last year. As a group, research analysts expect that PulteGroup, Inc. will post 12.96 earnings per share for the current year.

PulteGroup Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Tuesday, December 17th were paid a $0.22 dividend. This is a boost from PulteGroup's previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $0.88 annualized dividend and a dividend yield of 0.75%. PulteGroup's dividend payout ratio is presently 6.49%.

Analyst Upgrades and Downgrades

PHM has been the subject of several research analyst reports. The Goldman Sachs Group lowered their price objective on shares of PulteGroup from $140.00 to $124.00 and set a "neutral" rating for the company in a research report on Tuesday. Wells Fargo & Company lowered their price target on PulteGroup from $165.00 to $140.00 and set an "overweight" rating for the company in a report on Tuesday, December 17th. BTIG Research raised their price objective on PulteGroup from $139.00 to $156.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Wedbush upgraded PulteGroup from a "neutral" rating to an "outperform" rating and set a $135.00 target price on the stock in a research report on Friday, January 3rd. Finally, Citigroup dropped their target price on shares of PulteGroup from $146.00 to $119.00 and set a "neutral" rating for the company in a report on Monday, January 6th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.