PulteGroup, Inc. (NYSE:PHM) Shares Acquired by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. boosted its holdings in PulteGroup, Inc. (NYSE:PHM) by 13.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,916 shares of the construction company’s stock after acquiring an additional 592 shares during the quarter. Coldstream Capital Management Inc.’s holdings in PulteGroup were worth $697,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in PHM. Trustmark National Bank Trust Department increased its stake in PulteGroup by 39.8% in the 3rd quarter. Trustmark National Bank Trust Department now owns 39,589 shares of the construction company’s stock valued at $5,682,000 after purchasing an additional 11,269 shares in the last quarter. New Millennium Group LLC increased its position in shares of PulteGroup by 10,625.8% in the third quarter. New Millennium Group LLC now owns 9,546 shares of the construction company’s stock valued at $1,370,000 after buying an additional 9,457 shares in the last quarter. Systematic Financial Management LP boosted its position in shares of PulteGroup by 3.9% in the 3rd quarter. Systematic Financial Management LP now owns 130,257 shares of the construction company’s stock worth $18,696,000 after buying an additional 4,840 shares in the last quarter. Vision Capital Corp purchased a new position in PulteGroup during the 3rd quarter valued at about $22,348,000. Finally, Blair William & Co. IL raised its position in PulteGroup by 25.1% during the second quarter. Blair William & Co. IL now owns 34,127 shares of the construction company’s stock worth $3,757,000 after acquiring an additional 6,858 shares during the last quarter. Hedge funds and other institutional investors own 89.90% of the company’s stock.

Analyst Upgrades and Downgrades

PHM has been the topic of a number of analyst reports. Barclays reiterated an “equal weight” rating and set a $140.00 target price (down previously from $150.00) on shares of PulteGroup in a report on Wednesday. Wedbush restated a “neutral” rating and issued a $115.00 target price on shares of PulteGroup in a report on Tuesday, October 22nd. JPMorgan Chase & Co. cut their price objective on shares of PulteGroup from $162.00 to $155.00 and set an “overweight” rating for the company in a research report on Friday. BTIG Research raised their target price on shares of PulteGroup from $139.00 to $156.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, Bank of America boosted their price target on PulteGroup from $138.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Eight research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $144.50.

PulteGroup Stock Performance

PulteGroup stock opened at $118.44 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.73 and a quick ratio of 0.73. PulteGroup, Inc. has a 12 month low of $99.03 and a 12 month high of $149.47. The company has a market cap of $24.29 billion, a price-to-earnings ratio of 8.73, a price-to-earnings-growth ratio of 0.50 and a beta of 1.62. The stock’s 50-day moving average is $133.50 and its 200-day moving average is $127.11.

PulteGroup (NYSE:PHM) last announced its quarterly earnings results on Tuesday, October 22nd. The construction company reported $3.35 earnings per share for the quarter, beating analysts’ consensus estimates of $3.10 by $0.25. PulteGroup had a net margin of 16.64% and a return on equity of 25.30%. The firm had revenue of $4.48 billion for the quarter, compared to analysts’ expectations of $4.27 billion. During the same period in the previous year, the company posted $2.90 earnings per share. PulteGroup’s revenue was up 11.8% compared to the same quarter last year. Equities analysts anticipate that PulteGroup, Inc. will post 12.94 earnings per share for the current year.

PulteGroup Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Tuesday, December 17th will be issued a $0.22 dividend. This is an increase from PulteGroup’s previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Tuesday, December 17th. PulteGroup’s dividend payout ratio is currently 6.49%.

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.