Hudson Capital Management LLC Has $4.14 Million Holdings in PulteGroup, Inc. (NYSE:PHM)

Hudson Capital Management LLC trimmed its stake in PulteGroup, Inc. (NYSE:PHM) by 4.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 38,039 shares of the construction company’s stock after selling 1,653 shares during the period. Hudson Capital Management LLC’s holdings in PulteGroup were worth $4,142,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of PHM. FMR LLC increased its holdings in PulteGroup by 102.3% in the third quarter. FMR LLC now owns 9,040,828 shares of the construction company’s stock valued at $1,297,630,000 after purchasing an additional 4,571,757 shares during the period. Franklin Resources Inc. lifted its stake in shares of PulteGroup by 5.5% in the 3rd quarter. Franklin Resources Inc. now owns 11,254,274 shares of the construction company’s stock valued at $1,647,364,000 after purchasing an additional 585,735 shares during the period. Westfield Capital Management Co. LP acquired a new position in shares of PulteGroup in the 3rd quarter valued at about $66,485,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of 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. Finally, KBC Group NV lifted its stake in shares of 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. 89.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Evercore ISI dropped their price objective on PulteGroup from $198.00 to $195.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. BTIG Research boosted their price objective on PulteGroup from $139.00 to $156.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Barclays decreased their target price on PulteGroup from $140.00 to $125.00 and set an “equal weight” rating for the company in a research report on Thursday, January 16th. Wells Fargo & Company decreased their target price on PulteGroup from $165.00 to $140.00 and set an “overweight” rating for the company in a research report on Tuesday, December 17th. Finally, StockNews.com lowered PulteGroup from a “buy” rating to a “hold” rating in a research report on Wednesday, December 11th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, PulteGroup currently has a consensus rating of “Moderate Buy” and an average price target of $144.14.

PulteGroup Stock Performance

PHM stock opened at $116.95 on Thursday. The firm has a market cap of $23.98 billion, a PE ratio of 8.62, a P/E/G ratio of 0.46 and a beta of 1.67. 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 business has a 50 day moving average of $119.75 and a 200-day moving average of $127.34. PulteGroup, Inc. has a 12-month low of $100.24 and a 12-month high of $149.47.

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, topping the consensus estimate of $3.10 by $0.25. The firm 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%. The business’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.90 earnings per share. As a group, sell-side analysts expect that PulteGroup, Inc. will post 12.96 earnings per share for the current year.

PulteGroup Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Tuesday, December 17th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $0.88 annualized dividend and a dividend yield of 0.75%. This is an increase from PulteGroup’s previous quarterly dividend of $0.20. PulteGroup’s dividend payout ratio is currently 6.49%.

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.