Park Place Capital Corp Sells 435 Shares of PulteGroup, Inc. (NYSE:PHM)

Park Place Capital Corp lessened its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 11.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 3,348 shares of the construction company’s stock after selling 435 shares during the period. Park Place Capital Corp’s holdings in PulteGroup were worth $365,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Fortitude Family Office LLC lifted its holdings in shares of PulteGroup by 115.1% during the third quarter. Fortitude Family Office LLC now owns 185 shares of the construction company’s stock worth $27,000 after buying an additional 99 shares during the last quarter. Transcendent Capital Group LLC bought a new position in PulteGroup during the third quarter worth $29,000. JNBA Financial Advisors acquired a new position in PulteGroup during the 3rd quarter valued at $43,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in PulteGroup by 1,059.3% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 313 shares of the construction company’s stock valued at $45,000 after purchasing an additional 286 shares during the period. Finally, Grove Bank & Trust grew its position in PulteGroup by 18.4% in the 3rd quarter. Grove Bank & Trust now owns 463 shares of the construction company’s stock worth $66,000 after purchasing an additional 72 shares during the last quarter. Institutional investors own 89.90% of the company’s stock.

PulteGroup Trading Up 1.0 %

PHM opened at $116.95 on Thursday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.14. PulteGroup, Inc. has a twelve month low of $100.24 and a twelve month high of $149.47. The stock has a market capitalization of $23.98 billion, a price-to-earnings ratio of 8.62, a P/E/G ratio of 0.46 and a beta of 1.67. The company has a 50-day simple moving average of $119.75 and a 200 day simple moving average of $127.34.

PulteGroup (NYSE:PHM) last announced its quarterly earnings data on Tuesday, October 22nd. The construction company reported $3.35 EPS for the quarter, beating the consensus estimate of $3.10 by $0.25. The business had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.27 billion. PulteGroup had a net margin of 16.64% and a return on equity of 25.30%. The company’s revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the business earned $2.90 earnings per share. Analysts predict that PulteGroup, Inc. will post 12.96 EPS for the current fiscal year.

PulteGroup Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Tuesday, December 17th were paid a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, December 17th. This is a positive change from PulteGroup’s previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a yield of 0.75%. PulteGroup’s dividend payout ratio (DPR) is 6.49%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Barclays reduced their target price on shares of PulteGroup from $140.00 to $125.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. Wedbush raised shares of PulteGroup from a “neutral” rating to an “outperform” rating and set a $135.00 price target for the company in a research report on Friday, January 3rd. JPMorgan Chase & Co. lowered their price objective on PulteGroup from $162.00 to $155.00 and set an “overweight” rating on the stock in a research note on Friday, December 13th. BTIG Research increased their target price on PulteGroup from $139.00 to $156.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, Evercore ISI lowered their price target on PulteGroup from $198.00 to $195.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $144.14.

PulteGroup 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.