M.E. Allison & CO. Inc. Makes New Investment in PulteGroup, Inc. (NYSE:PHM)

M.E. Allison & CO. Inc. bought a new position in PulteGroup, Inc. (NYSE:PHM) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,074 shares of the construction company’s stock, valued at approximately $444,000.

Other large investors have also added to or reduced their stakes in the company. Grove Bank & Trust increased its holdings in shares of PulteGroup by 18.4% during the third quarter. Grove Bank & Trust now owns 463 shares of the construction company’s stock valued at $66,000 after acquiring an additional 72 shares in the last quarter. Cromwell Holdings LLC increased its holdings in shares of PulteGroup by 17.2% during the third quarter. Cromwell Holdings LLC now owns 565 shares of the construction company’s stock valued at $81,000 after acquiring an additional 83 shares in the last quarter. Concord Wealth Partners increased its holdings in shares of PulteGroup by 1.7% during the third quarter. Concord Wealth Partners now owns 5,002 shares of the construction company’s stock valued at $718,000 after acquiring an additional 83 shares in the last quarter. Ashton Thomas Private Wealth LLC increased its holdings in shares of PulteGroup by 3.0% during the third quarter. Ashton Thomas Private Wealth LLC now owns 3,054 shares of the construction company’s stock valued at $438,000 after acquiring an additional 88 shares in the last quarter. Finally, Premier Path Wealth Partners LLC increased its holdings in shares of PulteGroup by 3.8% during the fourth quarter. Premier Path Wealth Partners LLC now owns 2,572 shares of the construction company’s stock valued at $280,000 after acquiring an additional 95 shares in the last quarter. 89.90% of the stock is currently owned by institutional investors.

PulteGroup Trading Up 0.2 %

Shares of PHM stock opened at $117.11 on Monday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.73 and a quick ratio of 0.73. The company has a market cap of $24.02 billion, a price-to-earnings ratio of 8.64, a PEG ratio of 0.43 and a beta of 1.67. The stock has a 50 day simple moving average of $120.34 and a 200-day simple moving average of $127.17. PulteGroup, Inc. has a 1-year low of $100.24 and a 1-year high of $149.47.

PulteGroup (NYSE:PHM) last announced its earnings results on Tuesday, October 22nd. The construction company reported $3.35 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.25. The business had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.27 billion. PulteGroup had a return on equity of 25.30% and a net margin of 16.64%. The business’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.90 EPS. On average, equities research analysts expect that PulteGroup, Inc. will post 12.96 EPS for the current fiscal year.

PulteGroup Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Tuesday, December 17th were paid 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 0.75%. The ex-dividend date of this dividend was Tuesday, December 17th. PulteGroup’s dividend payout ratio is currently 6.49%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on PHM shares. StockNews.com downgraded shares of PulteGroup from a “buy” rating to a “hold” rating in a report on Wednesday, December 11th. Evercore ISI dropped their target price on PulteGroup from $198.00 to $195.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Wells Fargo & Company dropped their target price on PulteGroup from $165.00 to $140.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. UBS Group upgraded PulteGroup from a “neutral” rating to a “buy” rating and dropped their target price for the company from $154.00 to $148.00 in a research report on Wednesday, January 8th. Finally, BTIG Research upped their target price on PulteGroup from $139.00 to $156.00 and gave the company a “buy” rating in a research 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’s stock. According to MarketBeat, PulteGroup presently has a consensus rating of “Moderate Buy” and an average target price of $144.14.

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.