LVW Advisors LLC Acquires Shares of 2,157 PulteGroup, Inc. (NYSE:PHM)

LVW Advisors LLC purchased a new stake in shares of PulteGroup, Inc. (NYSE:PHM) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,157 shares of the construction company’s stock, valued at approximately $260,000.

A number of other institutional investors have also recently made changes to their positions in PHM. Rakuten Securities Inc. purchased a new position in shares of PulteGroup during the 4th quarter valued at $37,000. Lindbrook Capital LLC lifted its holdings in PulteGroup by 335.6% during the 4th quarter. Lindbrook Capital LLC now owns 379 shares of the construction company’s stock worth $39,000 after purchasing an additional 292 shares in the last quarter. ORG Partners LLC lifted its holdings in PulteGroup by 3,463.6% during the 4th quarter. ORG Partners LLC now owns 392 shares of the construction company’s stock worth $40,000 after purchasing an additional 381 shares in the last quarter. Security National Bank purchased a new stake in PulteGroup during the 4th quarter worth about $40,000. Finally, AdvisorNet Financial Inc lifted its holdings in PulteGroup by 91.5% during the 4th quarter. AdvisorNet Financial Inc now owns 427 shares of the construction company’s stock worth $44,000 after purchasing an additional 204 shares in the last quarter. Hedge funds and other institutional investors own 89.90% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on PHM. Oppenheimer raised their price target on PulteGroup from $138.00 to $143.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Royal Bank of Canada raised their price target on PulteGroup from $106.00 to $113.00 and gave the company a “sector perform” rating in a report on Wednesday, April 24th. Citigroup raised their price target on PulteGroup from $127.00 to $129.00 and gave the company a “neutral” rating in a report on Friday, May 17th. Jefferies Financial Group raised their price target on PulteGroup from $126.00 to $131.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Finally, Barclays increased their price objective on PulteGroup from $126.00 to $136.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, PulteGroup currently has a consensus rating of “Moderate Buy” and a consensus price target of $113.07.

PulteGroup Price Performance

Shares of PulteGroup stock opened at $110.10 on Monday. The stock has a market capitalization of $23.16 billion, a P/E ratio of 8.82, a price-to-earnings-growth ratio of 0.49 and a beta of 1.61. 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 $114.11 and its two-hundred day simple moving average is $109.78. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.85 and a quick ratio of 0.85.

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

PulteGroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Tuesday, June 18th will be given a $0.20 dividend. The ex-dividend date is Tuesday, June 18th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.73%. PulteGroup’s dividend payout ratio is currently 6.41%.

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.