Quantinno Capital Management LP Has $8.34 Million Position in PulteGroup, Inc. (NYSE:PHM)

Quantinno Capital Management LP lifted its stake in PulteGroup, Inc. (NYSE:PHM) by 25.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 58,124 shares of the construction company’s stock after purchasing an additional 11,912 shares during the period. Quantinno Capital Management LP’s holdings in PulteGroup were worth $8,343,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of PHM. WR Wealth Planners LLC increased its holdings in shares of PulteGroup by 54.7% in the second quarter. WR Wealth Planners LLC now owns 232 shares of the construction company’s stock valued at $26,000 after purchasing an additional 82 shares in the last quarter. Fortitude Family Office LLC increased its holdings in shares of PulteGroup by 115.1% in the third quarter. Fortitude Family Office LLC now owns 185 shares of the construction company’s stock valued at $27,000 after purchasing an additional 99 shares in the last quarter. Transcendent Capital Group LLC acquired a new stake in shares of PulteGroup in the third quarter valued at approximately $29,000. Rothschild Investment LLC acquired a new stake in PulteGroup during the 2nd quarter worth $31,000. Finally, Candriam S.C.A. acquired a new stake in PulteGroup during the 2nd quarter worth $33,000. Institutional investors and hedge funds own 89.90% of the company’s stock.

PulteGroup Trading Down 1.1 %

PHM opened at $127.86 on Friday. The stock has a market capitalization of $26.22 billion, a P/E ratio of 9.43, a P/E/G ratio of 0.55 and a beta of 1.62. PulteGroup, Inc. has a 12 month low of $92.00 and a 12 month high of $149.47. The firm’s fifty day simple moving average is $135.39 and its 200 day simple moving average is $126.80. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.14.

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

PulteGroup Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Tuesday, December 17th will be given a $0.22 dividend. This is a boost from PulteGroup’s previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a yield of 0.69%. The ex-dividend date is Tuesday, December 17th. PulteGroup’s payout ratio is currently 5.90%.

Analysts Set New Price Targets

A number of analysts have commented on PHM shares. BTIG Research lifted their target price on shares of PulteGroup from $139.00 to $156.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Wells Fargo & Company lifted their target price on shares of PulteGroup from $150.00 to $165.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Wolfe Research lowered shares of PulteGroup from an “outperform” rating to a “peer perform” rating in a report on Wednesday, August 14th. UBS Group lifted their target price on shares of PulteGroup from $148.00 to $154.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Finally, Oppenheimer lowered their target price on shares of PulteGroup from $168.00 to $165.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, PulteGroup currently has an average rating of “Moderate Buy” and an average target price of $145.00.

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.