Fjarde AP Fonden Fourth Swedish National Pension Fund Acquires 3,000 Shares of PulteGroup, Inc. $PHM

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 7.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,707 shares of the construction company’s stock after purchasing an additional 3,000 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in PulteGroup were worth $4,820,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Cooper Financial Group raised its position in PulteGroup by 1.4% during the 2nd quarter. Cooper Financial Group now owns 6,697 shares of the construction company’s stock valued at $706,000 after purchasing an additional 92 shares during the last quarter. Tocqueville Asset Management L.P. raised its position in PulteGroup by 2.0% during the 1st quarter. Tocqueville Asset Management L.P. now owns 5,062 shares of the construction company’s stock valued at $520,000 after purchasing an additional 100 shares during the last quarter. Leavell Investment Management Inc. raised its position in PulteGroup by 4.7% during the 2nd quarter. Leavell Investment Management Inc. now owns 2,260 shares of the construction company’s stock valued at $239,000 after purchasing an additional 102 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position in PulteGroup by 0.9% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 11,635 shares of the construction company’s stock valued at $1,227,000 after purchasing an additional 103 shares during the last quarter. Finally, Hager Investment Management Services LLC raised its position in PulteGroup by 33.3% during the 2nd quarter. Hager Investment Management Services LLC now owns 420 shares of the construction company’s stock valued at $44,000 after purchasing an additional 105 shares during the last quarter. Institutional investors own 89.90% of the company’s stock.

PulteGroup Stock Performance

PulteGroup stock opened at $119.02 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $23.20 billion, a P/E ratio of 9.16, a PEG ratio of 0.95 and a beta of 1.29. The stock’s 50 day moving average is $129.71 and its 200 day moving average is $115.25. PulteGroup, Inc. has a twelve month low of $88.07 and a twelve month high of $142.11.

PulteGroup (NYSE:PHM) last posted its quarterly earnings results on Tuesday, October 21st. The construction company reported $2.96 earnings per share for the quarter, topping the consensus estimate of $2.86 by $0.10. The company had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.31 billion. PulteGroup had a return on equity of 19.58% and a net margin of 14.93%.The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.35 EPS. On average, equities research analysts predict that PulteGroup, Inc. will post 12.32 earnings per share for the current fiscal year.

PulteGroup Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Tuesday, September 16th were paid a $0.22 dividend. The ex-dividend date was Tuesday, September 16th. This represents a $0.88 annualized dividend and a dividend yield of 0.7%. PulteGroup’s dividend payout ratio is presently 6.77%.

Analyst Ratings Changes

A number of research firms have weighed in on PHM. Wedbush reiterated an “outperform” rating and set a $150.00 target price on shares of PulteGroup in a report on Tuesday, October 21st. Oppenheimer upped their target price on PulteGroup from $132.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday, July 23rd. Citigroup upped their target price on PulteGroup from $132.00 to $143.00 and gave the stock a “neutral” rating in a report on Wednesday, October 1st. Zacks Research upgraded PulteGroup from a “strong sell” rating to a “hold” rating in a report on Friday, August 29th. Finally, Weiss Ratings upgraded PulteGroup from a “hold (c+)” rating to a “buy (b-)” rating in a report on Saturday, October 25th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $133.67.

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.