Toronto Dominion Bank Has $14.72 Million Stock Holdings in PulteGroup, Inc. (NYSE:PHM)

Toronto Dominion Bank cut its holdings in PulteGroup, Inc. (NYSE:PHM) by 14.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 122,019 shares of the construction company’s stock after selling 20,953 shares during the period. Toronto Dominion Bank’s holdings in PulteGroup were worth $14,718,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of the stock. Blair William & Co. IL grew its position in PulteGroup by 1.9% in the first quarter. Blair William & Co. IL now owns 27,269 shares of the construction company’s stock valued at $3,289,000 after acquiring an additional 516 shares during the last quarter. Certuity LLC acquired a new stake in PulteGroup during the 4th quarter worth approximately $245,000. Banque Cantonale Vaudoise boosted its position in PulteGroup by 166.6% during the 1st quarter. Banque Cantonale Vaudoise now owns 13,146 shares of the construction company’s stock worth $1,586,000 after buying an additional 8,215 shares during the period. State Board of Administration of Florida Retirement System grew its holdings in PulteGroup by 6.2% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 297,544 shares of the construction company’s stock worth $35,890,000 after acquiring an additional 17,369 shares during the last quarter. Finally, Personal CFO Solutions LLC acquired a new position in PulteGroup in the 4th quarter valued at approximately $719,000. 89.90% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on PHM. Zelman & Associates raised shares of PulteGroup from a “neutral” rating to an “outperform” rating in a research note on Wednesday, April 24th. Wedbush reiterated a “neutral” rating and issued a $115.00 price target (up previously from $105.00) on shares of PulteGroup in a research report on Tuesday. Jefferies Financial Group raised their price objective on PulteGroup from $126.00 to $131.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Bank of America upped their target price on PulteGroup from $135.00 to $138.00 and gave the company a “buy” rating in a report on Monday. Finally, Raymond James raised their price target on shares of PulteGroup from $135.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $129.93.

PulteGroup Stock Up 4.0 %

Shares of PulteGroup stock traded up $5.02 during trading on Friday, reaching $130.02. 2,541,358 shares of the company traded hands, compared to its average volume of 1,848,459. The firm has a market capitalization of $26.98 billion, a PE ratio of 10.41, a P/E/G ratio of 0.52 and a beta of 1.61. PulteGroup, Inc. has a 1-year low of $68.80 and a 1-year high of $130.93. The company has a 50 day moving average price of $114.31 and a 200-day moving average price of $111.50. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.76 and a quick ratio of 0.85.

PulteGroup (NYSE:PHM) last announced its quarterly earnings data on Tuesday, July 23rd. The construction company reported $3.83 earnings per share for the quarter, beating the consensus estimate of $3.27 by $0.56. The firm had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.49 billion. PulteGroup had a net margin of 16.75% and a return on equity of 25.67%. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.00 earnings per share. As a group, equities research analysts expect that PulteGroup, Inc. will post 12.68 earnings per share for the current fiscal year.

PulteGroup Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 2nd. Investors of record on Tuesday, June 18th were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, June 18th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.62%. PulteGroup’s dividend payout ratio is presently 6.41%.

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.