Healthcare of Ontario Pension Plan Trust Fund Boosts Stake in PulteGroup, Inc. (NYSE:PHM)

Healthcare of Ontario Pension Plan Trust Fund increased its position in PulteGroup, Inc. (NYSE:PHM - Free Report) by 785.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 200,000 shares of the construction company's stock after buying an additional 177,400 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned about 0.10% of PulteGroup worth $28,706,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. WR Wealth Planners LLC boosted its holdings in PulteGroup by 54.7% in the 2nd quarter. WR Wealth Planners LLC now owns 232 shares of the construction company's stock worth $26,000 after buying an additional 82 shares during the period. Fortitude Family Office LLC boosted its holdings in shares of PulteGroup by 115.1% during the 3rd quarter. Fortitude Family Office LLC now owns 185 shares of the construction company's stock valued at $27,000 after purchasing an additional 99 shares during the last quarter. LRI Investments LLC bought a new position in shares of PulteGroup during the 1st quarter valued at about $28,000. Transcendent Capital Group LLC bought a new position in shares of PulteGroup during the 3rd quarter valued at about $29,000. Finally, Rothschild Investment LLC bought a new position in shares of PulteGroup during the 2nd quarter valued at about $31,000. Institutional investors own 89.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Wedbush reissued a "neutral" rating and set a $115.00 price objective on shares of PulteGroup in a report on Tuesday, October 22nd. UBS Group upped their target price on shares of PulteGroup from $148.00 to $154.00 and gave the company a "neutral" rating in a research report on Wednesday, October 23rd. BTIG Research upped their target price on shares of PulteGroup from $139.00 to $156.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Wolfe Research cut shares of PulteGroup from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, August 14th. Finally, Bank of America upped their target price on shares of PulteGroup from $138.00 to $160.00 and gave the company a "buy" rating in a research report on Thursday, September 19th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $145.00.

PulteGroup Trading Up 0.7 %

Shares of NYSE:PHM traded up $0.93 during trading on Thursday, reaching $136.53. 1,271,098 shares of the company were exchanged, compared to its average volume of 1,829,449. The firm has a market capitalization of $28.00 billion, a PE ratio of 10.07, a P/E/G ratio of 0.56 and a beta of 1.63. The business's fifty day simple moving average is $136.51 and its 200-day simple moving average is $126.25. PulteGroup, Inc. has a 12-month low of $86.59 and a 12-month high of $149.47. 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 data on Tuesday, October 22nd. The construction company reported $3.35 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.27 billion. During the same period last year, the firm earned $2.90 earnings per share. The company's quarterly revenue was up 11.8% on a year-over-year basis. On average, research analysts anticipate that PulteGroup, Inc. will post 12.94 EPS for the current year.

PulteGroup Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Tuesday, December 17th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.64%. This is an increase from PulteGroup's previous quarterly dividend of $0.20. The ex-dividend date is Tuesday, December 17th. PulteGroup's dividend payout ratio (DPR) is 6.49%.

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.