Captrust Financial Advisors Acquires 20,328 Shares of PulteGroup, Inc. (NYSE:PHM)

Captrust Financial Advisors boosted its holdings in PulteGroup, Inc. (NYSE:PHM) by 2.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 957,696 shares of the construction company’s stock after purchasing an additional 20,328 shares during the period. Captrust Financial Advisors owned about 0.47% of PulteGroup worth $137,458,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Rockefeller Capital Management L.P. grew its position in PulteGroup by 8.6% in the third quarter. Rockefeller Capital Management L.P. now owns 42,291 shares of the construction company’s stock valued at $6,066,000 after purchasing an additional 3,343 shares in the last quarter. Vinva Investment Management Ltd grew its position in PulteGroup by 39.9% in the third quarter. Vinva Investment Management Ltd now owns 119,467 shares of the construction company’s stock valued at $17,104,000 after purchasing an additional 34,082 shares in the last quarter. Public Sector Pension Investment Board grew its position in PulteGroup by 10.2% in the third quarter. Public Sector Pension Investment Board now owns 8,617 shares of the construction company’s stock valued at $1,237,000 after purchasing an additional 800 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in PulteGroup by 7.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,864,040 shares of the construction company’s stock valued at $267,546,000 after purchasing an additional 135,391 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in PulteGroup by 357.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 521,958 shares of the construction company’s stock valued at $74,917,000 after purchasing an additional 407,764 shares in the last quarter. Institutional investors own 89.90% of the company’s stock.

PulteGroup Price Performance

Shares of PulteGroup stock opened at $136.53 on Friday. PulteGroup, Inc. has a twelve month low of $86.59 and a twelve month high of $149.47. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.14. The company has a 50-day simple moving average of $136.34 and a two-hundred day simple moving average of $126.32. The stock has a market capitalization of $28.00 billion, a price-to-earnings ratio of 10.07, a price-to-earnings-growth ratio of 0.56 and a beta of 1.63.

PulteGroup (NYSE:PHM) last issued its quarterly earnings data on Tuesday, October 22nd. The construction company reported $3.35 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.25. PulteGroup had a net margin of 16.64% and a return on equity of 25.30%. The business had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.27 billion. During the same quarter in the previous year, the company earned $2.90 EPS. The business’s revenue was up 11.8% on a year-over-year basis. Analysts forecast that PulteGroup, Inc. will post 12.94 EPS for the current year.

PulteGroup Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Tuesday, December 17th will be paid a $0.22 dividend. This is a boost from PulteGroup’s previous quarterly dividend of $0.20. The ex-dividend date is Tuesday, December 17th. This represents a $0.88 annualized dividend and a yield of 0.64%. PulteGroup’s payout ratio is 5.90%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PHM. Wedbush reaffirmed a “neutral” rating and issued a $115.00 target price on shares of PulteGroup in a research report on Tuesday, October 22nd. Bank of America lifted their price objective on shares of PulteGroup from $138.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. UBS Group lifted their price objective on shares of PulteGroup from $148.00 to $154.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Wells Fargo & Company lifted their price objective on shares of PulteGroup from $150.00 to $165.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Finally, BTIG Research lifted their price objective on shares of PulteGroup from $139.00 to $156.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, PulteGroup presently has an average rating of “Moderate Buy” and an average target price of $145.00.

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.