Hudson Capital Management LLC Has $4.14 Million Stock Position in PulteGroup, Inc. (NYSE:PHM)

Hudson Capital Management LLC lowered its stake in PulteGroup, Inc. (NYSE:PHM) by 4.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 38,039 shares of the construction company’s stock after selling 1,653 shares during the quarter. Hudson Capital Management LLC’s holdings in PulteGroup were worth $4,142,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. FMR LLC raised its stake in PulteGroup by 102.3% during the 3rd quarter. FMR LLC now owns 9,040,828 shares of the construction company’s stock worth $1,297,630,000 after buying an additional 4,571,757 shares during the period. Franklin Resources Inc. increased its holdings in PulteGroup by 5.5% during the 3rd quarter. Franklin Resources Inc. now owns 11,254,274 shares of the construction company’s stock worth $1,647,364,000 after purchasing an additional 585,735 shares in the last quarter. Westfield Capital Management Co. LP bought a new position in PulteGroup during the 3rd quarter worth about $66,485,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in PulteGroup by 357.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 521,958 shares of the construction company’s stock worth $74,917,000 after purchasing an additional 407,764 shares in the last quarter. Finally, KBC Group NV increased its holdings in PulteGroup by 1,020.0% during the 3rd quarter. KBC Group NV now owns 435,925 shares of the construction company’s stock worth $62,568,000 after purchasing an additional 397,003 shares in the last quarter. Institutional investors and hedge funds own 89.90% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Wedbush upgraded PulteGroup from a “neutral” rating to an “outperform” rating and set a $135.00 target price for the company in a report on Friday, January 3rd. StockNews.com cut PulteGroup from a “buy” rating to a “hold” rating in a report on Wednesday, December 11th. Wells Fargo & Company lowered their target price on PulteGroup from $165.00 to $140.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. JPMorgan Chase & Co. lowered their target price on PulteGroup from $162.00 to $155.00 and set an “overweight” rating for the company in a report on Friday, December 13th. Finally, UBS Group upgraded PulteGroup from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $154.00 to $148.00 in a report on Wednesday, January 8th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $144.14.

PulteGroup Stock Up 1.0 %

NYSE PHM opened at $116.95 on Thursday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.14. PulteGroup, Inc. has a 1-year low of $100.24 and a 1-year high of $149.47. The company has a 50 day moving average of $119.75 and a 200-day moving average of $127.34. The company has a market cap of $23.98 billion, a price-to-earnings ratio of 8.62, a PEG ratio of 0.46 and a beta of 1.67.

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

PulteGroup Increases Dividend

The company 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. This represents a $0.88 dividend on an annualized basis and a yield of 0.75%. This is a boost from PulteGroup’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Tuesday, December 17th. PulteGroup’s dividend payout ratio (DPR) is 6.49%.

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.