64,281 Shares in PulteGroup, Inc. $PHM Bought by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in PulteGroup, Inc. (NYSE:PHM) during the 2nd quarter, Holdings Channel reports. The fund bought 64,281 shares of the construction company’s stock, valued at approximately $8,820,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cedar Mountain Advisors LLC boosted its holdings in PulteGroup by 1,650.0% during the first quarter. Cedar Mountain Advisors LLC now owns 210 shares of the construction company’s stock valued at $25,000 after acquiring an additional 198 shares during the period. NFSG Corp acquired a new position in shares of PulteGroup during the 1st quarter worth about $29,000. HHM Wealth Advisors LLC lifted its position in shares of PulteGroup by 158.5% during the 1st quarter. HHM Wealth Advisors LLC now owns 274 shares of the construction company’s stock worth $32,000 after purchasing an additional 168 shares during the last quarter. DV Equities LLC acquired a new position in shares of PulteGroup during the 4th quarter worth about $32,000. Finally, Lloyd Advisory Services LLC. bought a new stake in PulteGroup during the 4th quarter valued at approximately $33,000. Institutional investors and hedge funds own 89.90% of the company’s stock.

Analyst Upgrades and Downgrades

PHM has been the topic of several recent analyst reports. Royal Bank Of Canada lifted their price target on PulteGroup from $115.00 to $116.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 23rd. Wolfe Research set a $129.00 price objective on PulteGroup and gave the company an “outperform” rating in a research report on Monday, August 24th. Citigroup restated a “market outperform” rating on shares of PulteGroup in a research note on Tuesday, August 18th. Oppenheimer reaffirmed an “outperform” rating on shares of PulteGroup in a research report on Tuesday, May 26th. Finally, Evercore reiterated an “outperform” rating and set a $162.00 target price on shares of PulteGroup in a research note on Thursday, July 23rd. Thirteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $142.20.

PulteGroup Trading Down 3.3%

PulteGroup stock opened at $120.36 on Wednesday. The business has a 50 day moving average price of $128.14 and a two-hundred day moving average price of $124.74. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.14. PulteGroup, Inc. has a 12 month low of $108.49 and a 12 month high of $144.49. The stock has a market cap of $22.56 billion, a price-to-earnings ratio of 12.29, a price-to-earnings-growth ratio of 1.54 and a beta of 1.19.

PulteGroup (NYSE:PHM) last announced its quarterly earnings data on Wednesday, July 22nd. The construction company reported $2.48 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.12. The company had revenue of $3.98 billion for the quarter, compared to analyst estimates of $3.94 billion. PulteGroup had a return on equity of 15.21% and a net margin of 11.62%.PulteGroup’s revenue for the quarter was down 9.6% compared to the same quarter last year. During the same quarter last year, the firm earned $3.03 EPS. As a group, equities analysts forecast that PulteGroup, Inc. will post 10.12 EPS for the current year.

PulteGroup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.26 per share. The ex-dividend date is Tuesday, September 15th. This represents a $1.04 dividend on an annualized basis and a yield of 0.9%. PulteGroup’s payout ratio is currently 10.62%.

PulteGroup Profile

PulteGroup, Inc (NYSE: PHM) is a U.S.-based residential homebuilder that designs, constructs and sells single-family homes and develops master-planned communities. The company operates multiple national and regional brands that target different buyer segments, including first-time buyers, move-up buyers and active-adult customers. Its operations encompass land acquisition and development, home design and construction, community amenities and ongoing customer service and warranty programs.

PulteGroup markets homes under several well-known brands, such as Pulte Homes, Centex and Del Webb, among others, offering a range of product types from entry-level detached homes to larger, higher-end residences and age-restricted active-adult communities.