PulteGroup, Inc. (NYSE:PHM) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lifted its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 0.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,455 shares of the construction company’s stock after acquiring an additional 186 shares during the period. Daiwa Securities Group Inc.’s holdings in PulteGroup were worth $3,797,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of PHM. Westfield Capital Management Co. LP acquired a new position in PulteGroup during the 3rd quarter worth approximately $66,485,000. Centaurus Financial Inc. acquired a new position in PulteGroup during the third quarter worth about $337,000. Alpha DNA Investment Management LLC purchased a new stake in PulteGroup in the 3rd quarter valued at approximately $1,078,000. Larson Financial Group LLC lifted its position in shares of PulteGroup by 2.9% in the third quarter. Larson Financial Group LLC now owns 34,157 shares of the construction company’s stock valued at $4,903,000 after acquiring an additional 965 shares in the last quarter. Finally, Swedbank AB boosted its stake in shares of PulteGroup by 1.1% during the third quarter. Swedbank AB now owns 574,274 shares of the construction company’s stock valued at $82,426,000 after acquiring an additional 6,319 shares during the last quarter. 89.90% of the stock is currently owned by institutional investors and hedge funds.

PulteGroup Stock Down 1.5 %

Shares of NYSE:PHM opened at $135.63 on Wednesday. PulteGroup, Inc. has a 52 week low of $86.59 and a 52 week high of $149.47. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.73 and a current ratio of 0.73. The company has a market capitalization of $27.82 billion, a PE ratio of 10.00, a PEG ratio of 0.53 and a beta of 1.63. The company has a 50 day moving average price of $136.60 and a two-hundred day moving average price of $126.17.

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

PulteGroup Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Tuesday, December 17th will be given a dividend of $0.22 per share. This is a boost from PulteGroup’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.88 annualized dividend and a yield of 0.65%. PulteGroup’s dividend payout ratio (DPR) is presently 5.90%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. BTIG Research raised their price objective on PulteGroup from $139.00 to $156.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Wolfe Research cut shares of PulteGroup from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, August 14th. Oppenheimer lowered their price target on PulteGroup from $168.00 to $165.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. UBS Group boosted their target price on shares of PulteGroup from $148.00 to $154.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Evercore ISI lowered their price objective on PulteGroup from $198.00 to $195.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $145.00.

About PulteGroup

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.