PulteGroup, Inc. (NYSE:PHM) Shares Acquired by Pillar Pacific Capital Management LLC


Share on StockTwits

Pillar Pacific Capital Management LLC increased its holdings in PulteGroup, Inc. (NYSE:PHM) by 0.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 101,065 shares of the construction company’s stock after buying an additional 430 shares during the period. Pillar Pacific Capital Management LLC’s holdings in PulteGroup were worth $4,358,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of PHM. First Command Bank acquired a new position in shares of PulteGroup in the 4th quarter valued at about $34,000. DB Wealth Management Group LLC acquired a new position in shares of PulteGroup in the 4th quarter valued at about $36,000. Planned Solutions Inc. acquired a new position in shares of PulteGroup in the 3rd quarter valued at about $51,000. Aua Capital Management LLC acquired a new position in shares of PulteGroup in the 3rd quarter valued at about $58,000. Finally, Hexagon Capital Partners LLC acquired a new position in shares of PulteGroup in the 3rd quarter valued at about $69,000. 85.16% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE PHM traded down $0.24 during midday trading on Tuesday, reaching $45.20. The company’s stock had a trading volume of 34,687 shares, compared to its average volume of 3,235,649. The company has a current ratio of 1.30, a quick ratio of 1.31 and a debt-to-equity ratio of 0.45. The company has a 50 day moving average price of $45.50 and a 200 day moving average price of $44.87. PulteGroup, Inc. has a one year low of $17.12 and a one year high of $50.23. The company has a market cap of $12.02 billion, a price-to-earnings ratio of 9.48, a price-to-earnings-growth ratio of 0.60 and a beta of 1.40.

PulteGroup (NYSE:PHM) last released its earnings results on Thursday, January 28th. The construction company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.09. PulteGroup had a net margin of 12.01% and a return on equity of 20.62%. The business had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.14 billion. During the same period in the previous year, the firm earned $1.14 EPS. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. Research analysts anticipate that PulteGroup, Inc. will post 4.61 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 1st. Stockholders of record on Friday, March 12th will be issued a dividend of $0.14 per share. The ex-dividend date is Thursday, March 11th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.24%. PulteGroup’s dividend payout ratio is currently 16.05%.

PHM has been the subject of a number of analyst reports. Bank of America lowered shares of PulteGroup from a “neutral” rating to an “underperform” rating in a research note on Tuesday, January 5th. Truist raised shares of PulteGroup from a “hold” rating to a “buy” rating and boosted their target price for the company from $32.00 to $60.00 in a research note on Thursday, November 19th. UBS Group initiated coverage on shares of PulteGroup in a research note on Tuesday, December 8th. They set a “buy” rating and a $57.00 target price for the company. Zacks Investment Research lowered shares of PulteGroup from a “strong-buy” rating to a “hold” rating and set a $46.00 target price for the company. in a research note on Tuesday, December 8th. Finally, Janney Montgomery Scott initiated coverage on shares of PulteGroup in a research note on Thursday, January 21st. They set a “buy” rating and a $61.00 target price for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. PulteGroup has a consensus rating of “Buy” and an average target price of $52.20.

PulteGroup Company Profile

PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. The company acquires and develops land primarily for residential purposes; and constructs housing on such land. It offers various home designs, including single-family detached, townhouses, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, and John Wieland Homes and Neighborhoods brand names.

Further Reading: Earnings Per Share

Want to see what other hedge funds are holding PHM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PulteGroup, Inc. (NYSE:PHM).

Institutional Ownership by Quarter for PulteGroup (NYSE:PHM)

Receive News & Ratings for PulteGroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PulteGroup and related companies with MarketBeat.com's FREE daily email newsletter.