Railway Pension Investments Ltd Buys 3,200 Shares of PulteGroup, Inc. $PHM

Railway Pension Investments Ltd lifted its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 2.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 137,739 shares of the construction company’s stock after purchasing an additional 3,200 shares during the quarter. Railway Pension Investments Ltd’s holdings in PulteGroup were worth $14,526,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Lido Advisors LLC increased its holdings in PulteGroup by 6.3% in the 2nd quarter. Lido Advisors LLC now owns 8,527 shares of the construction company’s stock valued at $901,000 after buying an additional 505 shares during the period. Mackenzie Financial Corp lifted its holdings in shares of PulteGroup by 5.1% during the 2nd quarter. Mackenzie Financial Corp now owns 382,562 shares of the construction company’s stock worth $40,345,000 after acquiring an additional 18,444 shares during the period. Loomis Sayles & Co. L P boosted its position in shares of PulteGroup by 4.1% during the 2nd quarter. Loomis Sayles & Co. L P now owns 128,938 shares of the construction company’s stock worth $13,598,000 after acquiring an additional 5,084 shares in the last quarter. Norges Bank bought a new position in PulteGroup in the second quarter valued at approximately $404,339,000. Finally, Scotia Capital Inc. raised its stake in PulteGroup by 20.2% during the second quarter. Scotia Capital Inc. now owns 3,432 shares of the construction company’s stock worth $362,000 after acquiring an additional 576 shares in the last quarter. Institutional investors and hedge funds own 89.90% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on PHM. Wells Fargo & Company raised 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. Citigroup raised their target price on shares of PulteGroup from $132.00 to $143.00 and gave the company a “neutral” rating in a research report on Wednesday, October 1st. Weiss Ratings reiterated a “hold (c+)” rating on shares of PulteGroup in a report on Tuesday. Zacks Research upgraded PulteGroup from a “strong sell” rating to a “hold” rating in a research note on Friday, August 29th. Finally, Bank of America reduced their price objective on PulteGroup from $145.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, PulteGroup currently has a consensus rating of “Moderate Buy” and an average target price of $133.67.

PulteGroup Stock Down 0.3%

Shares of NYSE:PHM opened at $127.19 on Friday. The business has a fifty day simple moving average of $123.56 and a 200 day simple moving average of $118.20. PulteGroup, Inc. has a 12-month low of $88.07 and a 12-month high of $142.11. The firm has a market cap of $24.79 billion, a P/E ratio of 9.79, a P/E/G ratio of 0.95 and a beta of 1.25. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.13.

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 analysts’ consensus estimates of $2.86 by $0.10. PulteGroup had a return on equity of 19.58% and a net margin of 14.93%.The company 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 company earned $3.35 earnings per share. The firm’s revenue was down 1.6% compared to the same quarter last year. 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. Stockholders of record on Tuesday, December 16th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.8%. This is an increase from PulteGroup’s previous quarterly dividend of $0.22. PulteGroup’s payout ratio is currently 8.01%.

PulteGroup 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.