Toronto Dominion Bank Reduces Position in PulteGroup, Inc. (NYSE:PHM)

Toronto Dominion Bank decreased its position in PulteGroup, Inc. (NYSE:PHMGet Rating) by 11.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 126,242 shares of the construction company’s stock after selling 15,771 shares during the period. Toronto Dominion Bank owned 0.05% of PulteGroup worth $5,001,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of PulteGroup by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 27,748,609 shares of the construction company’s stock valued at $1,162,667,000 after buying an additional 261,934 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of PulteGroup by 1.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,510,934 shares of the construction company’s stock worth $272,892,000 after acquiring an additional 116,075 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of PulteGroup by 29.4% in the 1st quarter. First Trust Advisors LP now owns 4,850,407 shares of the construction company’s stock worth $203,232,000 after acquiring an additional 1,101,565 shares during the last quarter. Greenhaven Associates Inc. acquired a new position in shares of PulteGroup in the 2nd quarter worth approximately $168,140,000. Finally, Invesco Ltd. lifted its holdings in shares of PulteGroup by 36.3% in the 1st quarter. Invesco Ltd. now owns 3,651,100 shares of the construction company’s stock worth $152,982,000 after acquiring an additional 972,310 shares during the last quarter. Hedge funds and other institutional investors own 89.34% of the company’s stock.

PulteGroup Trading Up 2.2 %

Shares of NYSE:PHM opened at $44.70 on Thursday. PulteGroup, Inc. has a 52 week low of $35.03 and a 52 week high of $58.09. The company’s 50 day moving average is $39.77 and its two-hundred day moving average is $41.46. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.25. The company has a market cap of $10.18 billion, a PE ratio of 4.53, a P/E/G ratio of 2.49 and a beta of 1.28.

PulteGroup (NYSE:PHMGet Rating) last announced its quarterly earnings data on Tuesday, October 25th. The construction company reported $2.69 EPS for the quarter, missing analysts’ consensus estimates of $2.73 by ($0.04). PulteGroup had a net margin of 15.56% and a return on equity of 30.80%. The firm had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $4.04 billion. Equities analysts predict that PulteGroup, Inc. will post 10.15 earnings per share for the current fiscal year.

PulteGroup Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 4th. Shareholders of record on Thursday, September 22nd were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend was Wednesday, September 21st. PulteGroup’s dividend payout ratio is presently 6.09%.

Analysts Set New Price Targets

Several brokerages have recently commented on PHM. Barclays decreased their price objective on shares of PulteGroup from $48.00 to $45.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 26th. Wedbush decreased their price objective on shares of PulteGroup to $54.00 and set an “outperform” rating on the stock in a report on Wednesday, July 27th. Raymond James lowered shares of PulteGroup from a “strong-buy” rating to a “market perform” rating in a report on Friday, October 21st. Citigroup increased their target price on shares of PulteGroup to $51.00 in a report on Thursday, October 13th. Finally, StockNews.com lowered shares of PulteGroup from a “buy” rating to a “hold” rating in a report on Tuesday, October 11th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $50.50.

PulteGroup Company Profile

(Get Rating)

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, American West, and John Wieland Homes and Neighborhoods brand names.

Further Reading

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:PHMGet Rating).

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.