XTX Topco Ltd Takes Position in PulteGroup, Inc. (NYSE:PHM)

XTX Topco Ltd purchased a new position in PulteGroup, Inc. (NYSE:PHM - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 11,047 shares of the construction company's stock, valued at approximately $1,586,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. FMR LLC grew its position in shares of PulteGroup by 102.3% during the third quarter. FMR LLC now owns 9,040,828 shares of the construction company's stock worth $1,297,630,000 after purchasing an additional 4,571,757 shares in the last quarter. Westfield Capital Management Co. LP purchased a new stake in PulteGroup during the 3rd quarter valued at approximately $66,485,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in PulteGroup by 357.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 521,958 shares of the construction company's stock valued at $74,917,000 after buying an additional 407,764 shares in the last quarter. KBC Group NV raised its position in shares of PulteGroup by 1,020.0% during the third quarter. KBC Group NV now owns 435,925 shares of the construction company's stock valued at $62,568,000 after buying an additional 397,003 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its holdings in shares of PulteGroup by 19.6% in the second quarter. Hsbc Holdings PLC now owns 1,529,698 shares of the construction company's stock worth $168,254,000 after buying an additional 250,937 shares in the last quarter. 89.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on PHM shares. Wedbush reissued a "neutral" rating and set a $115.00 price objective on shares of PulteGroup in a report on Tuesday, October 22nd. Wells Fargo & Company raised their price target on PulteGroup from $150.00 to $165.00 and gave the company an "overweight" rating in a report on Monday, October 7th. Bank of America increased their target price on PulteGroup from $138.00 to $160.00 and gave the company a "buy" rating in a research report on Thursday, September 19th. Oppenheimer reduced their price target on shares of PulteGroup from $168.00 to $165.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 23rd. Finally, UBS Group increased their price objective 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. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $145.00.

PulteGroup Trading Up 1.3 %

Shares of PHM traded up $1.68 during mid-day trading on Monday, reaching $128.50. 1,803,016 shares of the company's stock traded hands, compared to its average volume of 1,819,898. 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 stock's 50-day moving average is $134.76 and its two-hundred day moving average is $127.11. PulteGroup, Inc. has a 12 month low of $95.36 and a 12 month high of $149.47. The stock has a market cap of $26.35 billion, a P/E ratio of 9.48, a P/E/G ratio of 0.52 and a beta of 1.62.

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, beating the consensus estimate of $3.10 by $0.25. The company had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.27 billion. PulteGroup had a return on equity of 25.30% and a net margin of 16.64%. PulteGroup's quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.90 EPS. Research analysts forecast that PulteGroup, Inc. will post 12.94 earnings per share for the current fiscal year.

PulteGroup Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Tuesday, December 17th will be issued a dividend of $0.22 per share. This is a positive change from PulteGroup's previous quarterly dividend of $0.20. The ex-dividend date is Tuesday, December 17th. This represents a $0.88 dividend on an annualized basis and a yield of 0.68%. PulteGroup's dividend payout ratio (DPR) is presently 6.49%.

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.