Simon Quick Advisors LLC Invests $408,000 in PulteGroup, Inc. (NYSE:PHM)

Simon Quick Advisors LLC bought a new position in PulteGroup, Inc. (NYSE:PHM) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,964 shares of the construction company’s stock, valued at approximately $408,000.

Several other large investors have also made changes to their positions in the company. Merit Financial Group LLC grew its holdings in PulteGroup by 20.5% during the 1st quarter. Merit Financial Group LLC now owns 15,388 shares of the construction company’s stock worth $1,582,000 after acquiring an additional 2,613 shares during the last quarter. Hudson Capital Management LLC grew its holdings in PulteGroup by 8.6% during the 1st quarter. Hudson Capital Management LLC now owns 41,305 shares of the construction company’s stock worth $4,246,000 after acquiring an additional 3,266 shares during the last quarter. Vest Financial LLC grew its holdings in PulteGroup by 1,311.3% during the 1st quarter. Vest Financial LLC now owns 312,723 shares of the construction company’s stock worth $32,148,000 after acquiring an additional 290,564 shares during the last quarter. NBC Securities Inc. grew its holdings in PulteGroup by 103,800.0% during the 1st quarter. NBC Securities Inc. now owns 5,195 shares of the construction company’s stock worth $534,000 after acquiring an additional 5,190 shares during the last quarter. Finally, Argyle Capital Management LLC grew its holdings in PulteGroup by 1.5% during the 4th quarter. Argyle Capital Management LLC now owns 42,241 shares of the construction company’s stock worth $4,600,000 after acquiring an additional 641 shares during the last quarter. Institutional investors own 89.90% of the company’s stock.

PulteGroup Stock Performance

Shares of PHM stock opened at $101.43 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market capitalization of $20.33 billion, a P/E ratio of 6.89, a price-to-earnings-growth ratio of 0.29 and a beta of 1.29. The company’s 50 day moving average price is $100.04 and its two-hundred day moving average price is $107.10. PulteGroup, Inc. has a 52 week low of $88.07 and a 52 week high of $149.47.

PulteGroup (NYSE:PHM) last announced its earnings results on Tuesday, April 22nd. The construction company reported $2.57 EPS for the quarter, topping the consensus estimate of $2.47 by $0.10. The firm had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.86 billion. PulteGroup had a net margin of 17.18% and a return on equity of 24.43%. During the same period last year, the company posted $3.10 EPS. On average, analysts expect that PulteGroup, Inc. will post 12.32 earnings per share for the current fiscal year.

PulteGroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Tuesday, June 17th will be issued a $0.22 dividend. The ex-dividend date is Tuesday, June 17th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.87%. PulteGroup’s dividend payout ratio (DPR) is presently 6.21%.

Analyst Upgrades and Downgrades

PHM has been the topic of a number of research analyst reports. Royal Bank of Canada decreased their price objective on shares of PulteGroup from $116.00 to $109.00 and set a “sector perform” rating on the stock in a report on Wednesday, April 23rd. Barclays reduced their target price on shares of PulteGroup from $100.00 to $98.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 23rd. Seaport Res Ptn raised shares of PulteGroup from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 6th. Evercore ISI raised their target price on shares of PulteGroup from $161.00 to $165.00 and gave the company an “outperform” rating in a research note on Wednesday, April 23rd. Finally, UBS Group reduced their target price on shares of PulteGroup from $151.00 to $141.00 and set a “buy” rating on the stock in a research note on Wednesday, April 23rd. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $134.69.

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.