PulteGroup, Inc. (NYSE:PHM) Shares Purchased by Systematic Financial Management LP

Systematic Financial Management LP increased its stake in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 3.9% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 130,257 shares of the construction company's stock after purchasing an additional 4,840 shares during the period. Systematic Financial Management LP owned 0.06% of PulteGroup worth $18,696,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. WR Wealth Planners LLC boosted its stake in PulteGroup by 54.7% in the second quarter. WR Wealth Planners LLC now owns 232 shares of the construction company's stock worth $26,000 after buying an additional 82 shares in the last quarter. Fortitude Family Office LLC raised its position in shares of PulteGroup by 115.1% in the 3rd quarter. Fortitude Family Office LLC now owns 185 shares of the construction company's stock worth $27,000 after acquiring an additional 99 shares in the last quarter. Transcendent Capital Group LLC purchased a new position in PulteGroup in the third quarter worth about $29,000. Rothschild Investment LLC bought a new stake in shares of PulteGroup during the 2nd quarter valued at about $31,000. Finally, Candriam S.C.A. purchased a new stake in shares of PulteGroup during the 2nd quarter valued at about $33,000. Hedge funds and other institutional investors own 89.90% of the company's stock.

PulteGroup Stock Performance

Shares of PHM traded down $1.43 during trading hours on Thursday, reaching $127.87. 1,569,600 shares of the company traded hands, compared to its average volume of 1,818,984. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.14. The business has a fifty day moving average price of $135.63 and a 200-day moving average price of $126.79. PulteGroup, Inc. has a 12-month low of $92.00 and a 12-month high of $149.47. The stock has a market capitalization of $26.22 billion, a P/E ratio of 9.54, a P/E/G ratio of 0.55 and a beta of 1.62.

PulteGroup (NYSE:PHM - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The construction company reported $3.35 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.25. PulteGroup had a return on equity of 25.30% and a net margin of 16.64%. The business had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.27 billion. During the same quarter in the previous year, the business earned $2.90 EPS. The company's quarterly revenue was up 11.8% compared to the same quarter last year. Equities analysts anticipate that PulteGroup, Inc. will post 12.94 EPS for the current fiscal year.

PulteGroup Increases Dividend

The business 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. The ex-dividend date is Tuesday, December 17th. This is an increase from PulteGroup's previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.69%. PulteGroup's dividend payout ratio (DPR) is 5.90%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. UBS Group raised their price objective on shares of PulteGroup from $148.00 to $154.00 and gave the stock a "neutral" rating in a report on Wednesday, October 23rd. Bank of America boosted their price objective 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. Oppenheimer lowered their target price on PulteGroup from $168.00 to $165.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 23rd. Wolfe Research downgraded PulteGroup from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, August 14th. Finally, Evercore ISI reduced their target price on shares of PulteGroup from $198.00 to $195.00 and set an "outperform" rating for the company in a report on Wednesday, October 23rd. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $145.00.

About PulteGroup

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.