Railway Pension Investments Ltd Has $14.53 Million Holdings in PulteGroup, Inc. $PHM

Railway Pension Investments Ltd raised its position in PulteGroup, Inc. (NYSE:PHM) by 2.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 137,739 shares of the construction company’s stock after purchasing an additional 3,200 shares during the quarter. Railway Pension Investments Ltd owned 0.07% of PulteGroup worth $14,526,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Franklin Resources Inc. lifted its stake in PulteGroup by 0.8% in the 2nd quarter. Franklin Resources Inc. now owns 12,290,631 shares of the construction company’s stock valued at $1,296,170,000 after acquiring an additional 95,058 shares in the last quarter. Norges Bank bought a new position in PulteGroup in the second quarter valued at $404,339,000. JPMorgan Chase & Co. lifted its position in PulteGroup by 40.3% during the 1st quarter. JPMorgan Chase & Co. now owns 3,486,330 shares of the construction company’s stock worth $358,395,000 after buying an additional 1,001,290 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of PulteGroup by 11.8% in the 1st quarter. Ameriprise Financial Inc. now owns 2,570,022 shares of the construction company’s stock valued at $264,216,000 after acquiring an additional 271,917 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in shares of PulteGroup in the first quarter valued at about $213,092,000. 89.90% of the stock is currently owned by institutional investors.

PulteGroup Stock Performance

Shares of PHM stock opened at $127.19 on Friday. PulteGroup, Inc. has a 52 week low of $88.07 and a 52 week high of $142.11. The company has a market capitalization of $24.79 billion, a price-to-earnings ratio of 9.79, a PEG ratio of 0.95 and a beta of 1.25. The company has a 50-day simple moving average of $123.56 and a 200 day simple moving average of $118.20. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.81 and a current ratio of 0.81.

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

PulteGroup Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Tuesday, December 16th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.8%. The ex-dividend date is Tuesday, December 16th. This is a positive change from PulteGroup’s previous quarterly dividend of $0.22. PulteGroup’s dividend payout ratio (DPR) is 8.01%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on PHM shares. Citigroup raised their price target on PulteGroup from $132.00 to $143.00 and gave the company a “neutral” rating in a research note on Wednesday, October 1st. Evercore ISI cut their price objective on PulteGroup from $154.00 to $134.00 and set an “in-line” rating for the company in a report on Wednesday, October 22nd. Wedbush reissued an “outperform” rating and issued a $150.00 target price on shares of PulteGroup in a research note on Tuesday, October 21st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of PulteGroup in a research report on Tuesday. Finally, Wells Fargo & Company increased their price target on shares of PulteGroup from $135.00 to $150.00 and gave the company an “overweight” rating in a research note on Tuesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $133.67.

PulteGroup Company 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.