OLD Second National Bank of Aurora Lowers Holdings in PulteGroup, Inc. (NYSE:PHM)

OLD Second National Bank of Aurora lowered its position in shares of PulteGroup, Inc. (NYSE:PHM) by 3.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,604 shares of the construction company’s stock after selling 1,542 shares during the period. PulteGroup comprises approximately 1.4% of OLD Second National Bank of Aurora’s holdings, making the stock its 18th largest holding. OLD Second National Bank of Aurora’s holdings in PulteGroup were worth $5,380,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Certuity LLC bought a new position in PulteGroup in the fourth quarter worth about $245,000. Nordea Investment Management AB boosted its stake in PulteGroup by 4.0% in the fourth quarter. Nordea Investment Management AB now owns 753,768 shares of the construction company’s stock valued at $78,030,000 after acquiring an additional 28,833 shares in the last quarter. Banque Cantonale Vaudoise grew its holdings in PulteGroup by 166.6% in the first quarter. Banque Cantonale Vaudoise now owns 13,146 shares of the construction company’s stock worth $1,586,000 after purchasing an additional 8,215 shares during the last quarter. Personal CFO Solutions LLC acquired a new position in shares of PulteGroup during the fourth quarter worth $719,000. Finally, Truist Financial Corp lifted its holdings in shares of PulteGroup by 248.6% during the 4th quarter. Truist Financial Corp now owns 191,219 shares of the construction company’s stock valued at $19,738,000 after purchasing an additional 136,370 shares during the last quarter. 89.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on PHM. Oppenheimer upped their target price on PulteGroup from $138.00 to $143.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Barclays decreased their price objective on shares of PulteGroup from $136.00 to $131.00 and set an “overweight” rating for the company in a research report on Friday. Jefferies Financial Group boosted their price objective on shares of PulteGroup from $126.00 to $131.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Citigroup decreased their price objective on shares of PulteGroup from $129.00 to $117.00 and set a “neutral” rating for the company in a research note on Tuesday, July 2nd. Finally, Royal Bank of Canada boosted 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. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, PulteGroup has a consensus rating of “Moderate Buy” and a consensus target price of $111.86.

PulteGroup Price Performance

NYSE PHM traded up $3.08 during mid-day trading on Friday, hitting $116.92. The stock had a trading volume of 989,044 shares, compared to its average volume of 1,773,670. PulteGroup, Inc. has a twelve month low of $68.80 and a twelve month high of $122.72. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.85 and a quick ratio of 0.85. The firm’s 50 day moving average is $113.05 and its 200 day moving average is $109.90. The stock has a market capitalization of $24.59 billion, a price-to-earnings ratio of 9.37, a PEG ratio of 0.48 and a beta of 1.61.

PulteGroup (NYSE:PHM) last released 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 company 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%. Equities research analysts forecast that PulteGroup, Inc. will post 12.64 earnings per share for the current fiscal year.

PulteGroup Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 2nd. Shareholders of record on Tuesday, June 18th were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, June 18th. This represents a $0.80 annualized dividend and a yield of 0.68%. PulteGroup’s payout ratio is 6.41%.

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.