Capital Investment Advisors LLC Buys 335 Shares of PulteGroup, Inc. (NYSE:PHM)

Capital Investment Advisors LLC boosted its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 11.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,381 shares of the construction company’s stock after purchasing an additional 335 shares during the quarter. Capital Investment Advisors LLC’s holdings in PulteGroup were worth $368,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC lifted its holdings in shares of PulteGroup by 115.1% during the third quarter. Fortitude Family Office LLC now owns 185 shares of the construction company’s stock worth $27,000 after buying an additional 99 shares during the last quarter. Transcendent Capital Group LLC acquired a new position in shares of PulteGroup during the third quarter worth approximately $29,000. JNBA Financial Advisors acquired a new position in shares of PulteGroup during the third quarter worth approximately $43,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of PulteGroup by 1,059.3% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 313 shares of the construction company’s stock worth $45,000 after buying an additional 286 shares during the last quarter. Finally, Grove Bank & Trust lifted its holdings in shares of PulteGroup by 18.4% during the third quarter. Grove Bank & Trust now owns 463 shares of the construction company’s stock worth $66,000 after buying an additional 72 shares during the last quarter. Institutional investors own 89.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on PHM. Citigroup cut their price target on PulteGroup from $146.00 to $119.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Barclays reiterated an “equal weight” rating and set a $140.00 price target (down from $150.00) on shares of PulteGroup in a report on Wednesday, December 11th. Bank of America upped their price target on PulteGroup from $138.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Evercore ISI cut their price target on PulteGroup from $198.00 to $195.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. cut their price target on PulteGroup from $162.00 to $155.00 and set an “overweight” rating for the company in a report on Friday, December 13th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $145.21.

PulteGroup Trading Up 2.9 %

Shares of PHM stock opened at $115.77 on Thursday. The company has a market capitalization of $23.74 billion, a P/E ratio of 8.54, a P/E/G ratio of 0.48 and a beta of 1.67. PulteGroup, Inc. has a 12-month low of $100.24 and a 12-month high of $149.47. 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 firm has a 50-day moving average price of $121.20 and a 200 day moving average price of $126.93.

PulteGroup (NYSE:PHM) last posted its earnings results 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. The company had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.27 billion. PulteGroup had a net margin of 16.64% and a return on equity of 25.30%. PulteGroup’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.90 earnings per share. Research analysts forecast that PulteGroup, Inc. will post 12.94 earnings per share for the current fiscal year.

PulteGroup Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Tuesday, December 17th were issued a $0.22 dividend. This is an increase from PulteGroup’s previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a dividend yield of 0.76%. The ex-dividend date was Tuesday, December 17th. PulteGroup’s payout ratio 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.