Quantinno Capital Management LP Has $7.23 Million Stock Position in PulteGroup, Inc. (NYSE:PHM)

Quantinno Capital Management LP lifted its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 14.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 66,355 shares of the construction company’s stock after purchasing an additional 8,231 shares during the quarter. Quantinno Capital Management LP’s holdings in PulteGroup were worth $7,226,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Nilsine Partners LLC increased its stake in shares of PulteGroup by 929.2% during the 4th quarter. Nilsine Partners LLC now owns 20,574 shares of the construction company’s stock worth $2,240,000 after purchasing an additional 18,575 shares during the last quarter. Argyle Capital Management LLC increased its stake in shares of PulteGroup by 1.5% during the 4th quarter. Argyle Capital Management LLC now owns 42,241 shares of the construction company’s stock worth $4,600,000 after purchasing an additional 641 shares during the last quarter. Merit Financial Group LLC boosted its holdings in shares of PulteGroup by 416.0% during the 4th quarter. Merit Financial Group LLC now owns 12,775 shares of the construction company’s stock worth $1,391,000 after buying an additional 10,299 shares during the period. Wayfinding Financial LLC bought a new stake in shares of PulteGroup during the 4th quarter worth $275,000. Finally, Impact Partnership Wealth LLC bought a new stake in shares of PulteGroup during the 4th quarter worth $464,000. Institutional investors and hedge funds own 89.90% of the company’s stock.

Analyst Upgrades and Downgrades

PHM has been the subject of several recent analyst reports. Royal Bank of Canada decreased their price objective on shares of PulteGroup from $116.00 to $109.00 and set a “sector perform” rating for the company in a report on Wednesday, April 23rd. Wedbush reaffirmed an “outperform” rating and set a $135.00 price objective on shares of PulteGroup in a report on Tuesday, April 22nd. Wells Fargo & Company dropped their price target on PulteGroup from $140.00 to $120.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. Evercore ISI lifted their price target on PulteGroup from $161.00 to $165.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 23rd. Finally, Barclays dropped their price target on PulteGroup from $100.00 to $98.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 23rd. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $134.69.

PulteGroup Trading Up 1.5%

Shares of PHM stock opened at $104.34 on Friday. PulteGroup, Inc. has a 52-week low of $88.07 and a 52-week high of $149.47. The stock has a market cap of $20.91 billion, a price-to-earnings ratio of 7.09, a P/E/G ratio of 0.29 and a beta of 1.37. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a fifty day moving average of $100.86 and a 200-day moving average of $111.25.

PulteGroup (NYSE:PHM) last announced its quarterly earnings data on Tuesday, April 22nd. The construction company reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.47 by $0.10. PulteGroup had a net margin of 17.18% and a return on equity of 24.43%. The company had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.86 billion. During the same quarter in the prior year, the company posted $3.10 EPS. On average, equities research analysts forecast that PulteGroup, Inc. will post 12.32 earnings per share for the current fiscal year.

PulteGroup declared that its Board of Directors has initiated a share repurchase plan on Thursday, January 30th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the construction company to reacquire up to 6.2% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

PulteGroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Tuesday, June 17th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date is Tuesday, June 17th. PulteGroup’s dividend payout ratio is 6.21%.

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.