Pensionfund Sabic Acquires 5,000 Shares of PulteGroup, Inc. (NYSE:PHM)

Pensionfund Sabic lifted its position in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 71.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,000 shares of the construction company's stock after buying an additional 5,000 shares during the quarter. Pensionfund Sabic's holdings in PulteGroup were worth $1,307,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on PHM shares. Citigroup cut their price target on PulteGroup from $146.00 to $119.00 and set a "neutral" rating on the stock in a report on Monday. Evercore ISI reduced their price target on shares of PulteGroup from $198.00 to $195.00 and set an "outperform" rating for the company in a research report on Wednesday, October 23rd. Wells Fargo & Company dropped their price objective on shares of PulteGroup from $165.00 to $140.00 and set an "overweight" rating on the stock in a research note on Tuesday, December 17th. Barclays reissued an "equal weight" rating and set a $140.00 target price (down from $150.00) on shares of PulteGroup in a research report on Wednesday, December 11th. Finally, Bank of America lifted their price target on PulteGroup from $138.00 to $160.00 and gave the company a "buy" rating in a research note on Thursday, September 19th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, PulteGroup has a consensus rating of "Moderate Buy" and an average target price of $144.29.

PulteGroup Stock Performance

Shares of NYSE PHM traded down $1.15 during mid-day trading on Tuesday, reaching $107.78. 1,682,769 shares of the company's stock were exchanged, compared to its average volume of 1,635,517. The firm has a 50-day moving average price of $123.66 and a two-hundred day moving average price of $126.98. 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 firm has a market capitalization of $22.10 billion, a price-to-earnings ratio of 7.95, a price-to-earnings-growth ratio of 0.48 and a beta of 1.67. PulteGroup, Inc. has a 52 week low of $100.24 and a 52 week high of $149.47.

PulteGroup (NYSE:PHM - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The construction company reported $3.35 EPS for the quarter, topping 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 analyst estimates of $4.27 billion. During the same quarter in the previous year, the firm posted $2.90 earnings per share. The company's revenue for the quarter was up 11.8% on a year-over-year basis. Analysts predict that PulteGroup, Inc. will post 12.94 EPS for the current year.

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 issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.82%. This is a positive change from PulteGroup's previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Tuesday, December 17th. PulteGroup's dividend payout ratio is 6.49%.

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.