Universal Beteiligungs und Servicegesellschaft mbH Cuts Stake in PulteGroup, Inc. $PHM

Universal Beteiligungs und Servicegesellschaft mbH lessened its holdings in PulteGroup, Inc. (NYSE:PHM) by 15.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 126,353 shares of the construction company’s stock after selling 23,552 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in PulteGroup were worth $16,695,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Chicago Partners Investment Group LLC grew its stake in shares of PulteGroup by 55.7% during the third quarter. Chicago Partners Investment Group LLC now owns 6,016 shares of the construction company’s stock valued at $726,000 after buying an additional 2,151 shares during the last quarter. Vest Financial LLC grew its position in PulteGroup by 13.7% during the 3rd quarter. Vest Financial LLC now owns 415,405 shares of the construction company’s stock worth $54,887,000 after acquiring an additional 50,088 shares during the last quarter. Inscription Capital LLC lifted its position in PulteGroup by 89.0% in the third quarter. Inscription Capital LLC now owns 10,479 shares of the construction company’s stock valued at $1,385,000 after purchasing an additional 4,936 shares during the last quarter. Root Financial Partners LLC purchased a new stake in shares of PulteGroup during the third quarter valued at approximately $54,000. Finally, Allstate Corp bought a new position in shares of PulteGroup in the third quarter worth approximately $955,000. 89.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Citizens Jmp started coverage on shares of PulteGroup in a research report on Wednesday, January 7th. They set a “market outperform” rating and a $145.00 price target for the company. Royal Bank Of Canada reiterated a “sector perform” rating and set a $111.00 target price on shares of PulteGroup in a report on Friday, January 9th. BTIG Research started coverage on PulteGroup in a research note on Monday, December 1st. They issued a “neutral” rating on the stock. Citigroup reduced their price target on PulteGroup from $135.00 to $128.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $144.00 price objective on shares of PulteGroup in a report on Tuesday, January 13th. Nine equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $138.85.

PulteGroup Trading Down 2.0%

Shares of NYSE PHM opened at $125.15 on Friday. PulteGroup, Inc. has a 1 year low of $88.07 and a 1 year high of $142.11. 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 firm has a 50-day moving average of $123.70 and a 200 day moving average of $124.23. The stock has a market cap of $24.39 billion, a P/E ratio of 9.63, a price-to-earnings-growth ratio of 1.04 and a beta of 1.33.

PulteGroup (NYSE:PHM) last announced its quarterly earnings data on Tuesday, October 21st. The construction company reported $2.96 earnings per share for the quarter, topping analysts’ consensus estimates of $2.86 by $0.10. PulteGroup had a net margin of 14.93% and a return on equity of 19.58%. The business had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $4.31 billion. During the same quarter in the prior year, the company earned $3.35 earnings per share. The business’s revenue was down 1.6% compared to the same quarter last year. As a group, sell-side analysts expect that PulteGroup, Inc. will post 12.32 EPS for the current fiscal year.

PulteGroup Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Tuesday, December 16th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Tuesday, December 16th. This is an increase from PulteGroup’s previous quarterly dividend of $0.22. PulteGroup’s dividend payout ratio (DPR) is currently 8.01%.

PulteGroup Company Profile

PulteGroup, Inc (NYSE: PHM) is a U.S.-based residential homebuilder that designs, constructs and sells single-family homes and develops master-planned communities. The company operates multiple national and regional brands that target different buyer segments, including first-time buyers, move-up buyers and active-adult customers. Its operations encompass land acquisition and development, home design and construction, community amenities and ongoing customer service and warranty programs.

PulteGroup markets homes under several well-known brands, such as Pulte Homes, Centex and Del Webb, among others, offering a range of product types from entry-level detached homes to larger, higher-end residences and age-restricted active-adult communities.