Mather Group LLC. Buys New Shares in PulteGroup, Inc. (NYSE:PHM)

Mather Group LLC. bought a new stake in PulteGroup, Inc. (NYSE:PHM) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,356 shares of the construction company’s stock, valued at approximately $164,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Putnam Investments LLC boosted its holdings in PulteGroup by 1.8% in the fourth quarter. Putnam Investments LLC now owns 11,008,695 shares of the construction company’s stock valued at $1,136,318,000 after purchasing an additional 197,656 shares during the period. Greenhaven Associates Inc. raised its stake in PulteGroup by 0.4% in the fourth quarter. Greenhaven Associates Inc. now owns 5,726,368 shares of the construction company’s stock valued at $591,076,000 after buying an additional 24,350 shares in the last quarter. Norges Bank acquired a new stake in PulteGroup in the fourth quarter valued at $381,960,000. Morgan Stanley raised its stake in PulteGroup by 2.0% in the third quarter. Morgan Stanley now owns 3,115,877 shares of the construction company’s stock valued at $230,731,000 after buying an additional 61,953 shares in the last quarter. Finally, Pacer Advisors Inc. raised its stake in PulteGroup by 54.6% in the fourth quarter. Pacer Advisors Inc. now owns 3,003,713 shares of the construction company’s stock valued at $310,043,000 after buying an additional 1,060,466 shares in the last quarter. 89.90% of the stock is currently owned by hedge funds and other institutional investors.

PulteGroup Stock Down 0.4 %

PHM opened at $110.68 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.85 and a current ratio of 0.85. PulteGroup, Inc. has a one year low of $68.80 and a one year high of $122.72. The business’s 50-day simple moving average is $113.71 and its 200-day simple moving average is $108.89. The stock has a market capitalization of $23.28 billion, a P/E ratio of 8.86, a price-to-earnings-growth ratio of 0.50 and a beta of 1.59.

PulteGroup (NYSE:PHM) last released its quarterly earnings results on Tuesday, April 23rd. The construction company reported $2.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.36 by $0.51. PulteGroup had a return on equity of 25.81% and a net margin of 16.63%. The firm had revenue of $3.95 billion for the quarter, compared to analyst estimates of $3.59 billion. Analysts anticipate that PulteGroup, Inc. will post 12.64 EPS for the current year.

PulteGroup Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Tuesday, June 18th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Tuesday, June 18th. PulteGroup’s dividend payout ratio is currently 6.41%.

Analyst Upgrades and Downgrades

PHM has been the topic of a number of analyst reports. Citigroup raised their price target on PulteGroup from $127.00 to $129.00 and gave the company a “neutral” rating in a research note on Friday, May 17th. Zelman & Associates upgraded PulteGroup from a “neutral” rating to an “outperform” rating in a research note on Wednesday, April 24th. Jefferies Financial Group raised their price target on PulteGroup from $126.00 to $131.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Barclays raised their price target on PulteGroup from $126.00 to $136.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Finally, StockNews.com upgraded PulteGroup from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, PulteGroup presently has an average rating of “Moderate Buy” and an average price target of $113.07.

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.