FCG Investment Co raised its position in PulteGroup, Inc. (NYSE:PHM – Free Report) by 4.7% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 3,377 shares of the construction company’s stock after acquiring an additional 153 shares during the period. FCG Investment Co’s holdings in PulteGroup were worth $368,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of the company. FMR LLC lifted its position in shares of PulteGroup by 102.3% in the third quarter. FMR LLC now owns 9,040,828 shares of the construction company’s stock worth $1,297,630,000 after purchasing an additional 4,571,757 shares in the last quarter. Franklin Resources Inc. increased its stake in 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 buying an additional 585,735 shares during the last quarter. Westfield Capital Management Co. LP bought a new stake in PulteGroup during the 3rd quarter worth about $66,485,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of PulteGroup by 357.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 521,958 shares of the construction company’s stock worth $74,917,000 after buying an additional 407,764 shares during the last quarter. Finally, KBC Group NV grew its holdings 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 acquiring an additional 397,003 shares in the last quarter. Institutional investors and hedge funds own 89.90% of the company’s stock.
PulteGroup Stock Down 0.3 %
PulteGroup stock opened at $116.56 on Friday. The company’s 50-day moving average price is $119.54 and its two-hundred day moving average price is $127.27. 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 stock has a market cap of $23.90 billion, a P/E ratio of 8.60, a P/E/G ratio of 0.46 and a beta of 1.67. PulteGroup, Inc. has a twelve month low of $100.24 and a twelve month high of $149.47.
PulteGroup Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Tuesday, December 17th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $0.88 dividend on an annualized basis 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 (DPR) is currently 6.49%.
Analyst Ratings Changes
Several analysts recently issued reports on PHM shares. Oppenheimer dropped their target price on PulteGroup from $168.00 to $165.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. StockNews.com cut PulteGroup from a “buy” rating to a “hold” rating in a research note on Wednesday, December 11th. JPMorgan Chase & Co. cut their price objective on PulteGroup from $162.00 to $155.00 and set an “overweight” rating for the company in a report on Friday, December 13th. BTIG Research boosted their target price on shares of PulteGroup from $139.00 to $156.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, Barclays cut their price target on shares of PulteGroup from $140.00 to $125.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $144.14.
Get Our Latest Report on PulteGroup
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.
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