Janus Henderson Group PLC Has $4.40 Million Stock Holdings in PulteGroup, Inc. (NYSE:PHM)

Janus Henderson Group PLC grew its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 7.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,624 shares of the construction company’s stock after purchasing an additional 2,100 shares during the period. Janus Henderson Group PLC’s holdings in PulteGroup were worth $4,395,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in PHM. FMR LLC raised its stake in PulteGroup by 102.3% during the 3rd quarter. FMR LLC now owns 9,040,828 shares of the construction company’s stock worth $1,297,630,000 after buying an additional 4,571,757 shares during the period. Westfield Capital Management Co. LP bought a new position in shares of PulteGroup in the 3rd quarter worth $66,485,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in PulteGroup by 357.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 521,958 shares of the construction company’s stock valued at $74,917,000 after purchasing an additional 407,764 shares during the period. KBC Group NV grew its position in PulteGroup by 1,020.0% in the 3rd quarter. KBC Group NV now owns 435,925 shares of the construction company’s stock valued at $62,568,000 after purchasing an additional 397,003 shares during the period. Finally, Hsbc Holdings PLC raised its holdings in PulteGroup by 19.6% during 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 during the last quarter. Institutional investors own 89.90% of the company’s stock.

PulteGroup Stock Down 2.4 %

PHM opened at $125.37 on Wednesday. PulteGroup, Inc. has a twelve month low of $95.36 and a twelve month high of $149.47. The company’s 50-day moving average price is $134.76 and its two-hundred day moving average price is $127.11. The stock has a market cap of $25.71 billion, a price-to-earnings ratio of 9.24, a PEG ratio of 0.52 and a beta of 1.62. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.14.

PulteGroup (NYSE:PHM) last announced its quarterly earnings data 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. The business had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.27 billion. PulteGroup had a return on equity of 25.30% and a net margin of 16.64%. PulteGroup’s revenue was up 11.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.90 earnings per share. As a group, equities analysts expect that PulteGroup, Inc. will post 12.94 earnings per share for the current year.

PulteGroup Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Tuesday, December 17th will be paid a $0.22 dividend. This is a boost from PulteGroup’s previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Tuesday, December 17th. PulteGroup’s payout ratio is currently 6.49%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PHM. BTIG Research lifted their price objective on shares of PulteGroup from $139.00 to $156.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Wedbush reiterated a “neutral” rating and set a $115.00 price target on shares of PulteGroup in a research note on Tuesday, October 22nd. Bank of America increased their price objective on PulteGroup from $138.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. UBS Group upped their price target on PulteGroup from $148.00 to $154.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Finally, Oppenheimer dropped their price objective on PulteGroup from $168.00 to $165.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, PulteGroup has a consensus rating of “Moderate Buy” and an average 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.