Mizuho Markets Americas LLC Acquires Shares of 18,230 PulteGroup, Inc. (NYSE:PHM)

Mizuho Markets Americas LLC acquired a new stake in PulteGroup, Inc. (NYSE:PHM) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 18,230 shares of the construction company’s stock, valued at approximately $2,199,000.

Other institutional investors also recently added to or reduced their stakes in the company. Certuity LLC purchased a new stake in PulteGroup in the 4th quarter valued at approximately $245,000. Banque Cantonale Vaudoise boosted its stake in shares of PulteGroup by 166.6% during the 1st quarter. Banque Cantonale Vaudoise now owns 13,146 shares of the construction company’s stock worth $1,586,000 after acquiring an additional 8,215 shares in the last quarter. Personal CFO Solutions LLC purchased a new stake in shares of PulteGroup during the 4th quarter worth approximately $719,000. Truist Financial Corp boosted its stake 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 worth $19,738,000 after acquiring an additional 136,370 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of PulteGroup by 65.0% during the 3rd quarter. American Century Companies Inc. now owns 224,978 shares of the construction company’s stock worth $16,660,000 after acquiring an additional 88,638 shares in the last quarter. Hedge funds and other institutional investors own 89.90% of the company’s stock.

Wall Street Analysts Forecast Growth

PHM has been the topic of several research analyst reports. Zelman & Associates raised PulteGroup from a “neutral” rating to an “outperform” rating in a research note on Wednesday, April 24th. Jefferies Financial Group boosted their price target on PulteGroup from $126.00 to $131.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Citigroup decreased their price target on PulteGroup from $129.00 to $117.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 2nd. Raymond James reissued an “outperform” rating and set a $135.00 price target (up previously from $120.00) on shares of PulteGroup in a research note on Thursday, April 25th. Finally, Barclays cut their price objective on PulteGroup from $136.00 to $131.00 and set an “overweight” rating for the company in a research report on Friday, July 12th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $117.00.

PulteGroup Trading Down 0.0 %

PHM traded down $0.04 during trading on Friday, hitting $124.76. The company’s stock had a trading volume of 2,098,768 shares, compared to its average volume of 2,045,855. The firm’s 50 day moving average price is $113.58 and its 200-day moving average price is $110.72. 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 stock has a market cap of $26.24 billion, a PE ratio of 9.99, a PEG ratio of 0.56 and a beta of 1.61. PulteGroup, Inc. has a twelve month low of $68.80 and a twelve month high of $129.85.

PulteGroup (NYSE:PHM) last issued its quarterly earnings results on Tuesday, April 23rd. The construction company reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.51. The company had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $3.59 billion. PulteGroup had a return on equity of 25.81% and a net margin of 16.63%. On average, analysts expect that PulteGroup, Inc. will post 12.64 earnings per share for the current year.

PulteGroup Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 2nd. Stockholders of record on Tuesday, June 18th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, June 18th. This represents a $0.80 annualized dividend and a dividend yield of 0.64%. PulteGroup’s dividend payout ratio is presently 6.41%.

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.