Metis Global Partners LLC Has $1.16 Million Position in PulteGroup, Inc. $PHM

Metis Global Partners LLC raised its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 17.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,042 shares of the construction company’s stock after purchasing an additional 1,677 shares during the quarter. Metis Global Partners LLC’s holdings in PulteGroup were worth $1,164,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. JPMorgan Chase & Co. grew its holdings in shares of PulteGroup by 40.3% during the first quarter. JPMorgan Chase & Co. now owns 3,486,330 shares of the construction company’s stock valued at $358,395,000 after buying an additional 1,001,290 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in PulteGroup by 11.8% during the 1st quarter. Ameriprise Financial Inc. now owns 2,570,022 shares of the construction company’s stock valued at $264,216,000 after purchasing an additional 271,917 shares during the last quarter. Nuveen LLC acquired a new position in PulteGroup during the 1st quarter valued at about $213,092,000. Price T Rowe Associates Inc. MD increased its holdings in PulteGroup by 21.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,579,792 shares of the construction company’s stock worth $162,403,000 after purchasing an additional 276,077 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of PulteGroup by 25.6% in the first quarter. Victory Capital Management Inc. now owns 1,397,409 shares of the construction company’s stock worth $143,654,000 after purchasing an additional 284,627 shares during the last quarter. Institutional investors and hedge funds own 89.90% of the company’s stock.

PulteGroup Trading Up 0.8%

NYSE PHM opened at $121.17 on Wednesday. The business’s fifty day moving average is $127.76 and its 200-day moving average is $116.77. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market capitalization of $23.62 billion, a price-to-earnings ratio of 9.33, a PEG ratio of 0.95 and a beta of 1.25. PulteGroup, Inc. has a one year low of $88.07 and a one year high of $142.11.

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

PulteGroup Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Tuesday, September 16th were paid a dividend of $0.22 per share. 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 (DPR) is presently 6.77%.

Analysts Set New Price Targets

Several brokerages recently issued reports on PHM. UBS Group lifted their target price on PulteGroup from $141.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Evercore ISI dropped their price objective on PulteGroup from $154.00 to $134.00 and set an “in-line” rating on the stock in a research note on Wednesday, October 22nd. Oppenheimer lifted their price objective on shares of PulteGroup from $132.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday, July 23rd. Bank of America lowered their target price on shares of PulteGroup from $145.00 to $140.00 and set a “buy” rating for the company in a report on Friday, October 10th. Finally, JPMorgan Chase & Co. raised their price target on shares of PulteGroup from $121.00 to $123.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, PulteGroup presently has a consensus rating of “Moderate Buy” and an average price target 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.