FCG Investment Co Has $368,000 Stake in PulteGroup, Inc. (NYSE:PHM)

FCG Investment Co increased its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 4.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,377 shares of the construction company’s stock after buying an additional 153 shares during the quarter. FCG Investment Co’s holdings in PulteGroup were worth $368,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in PHM. Grove Bank & Trust lifted its position in shares of PulteGroup by 18.4% during the 3rd quarter. Grove Bank & Trust now owns 463 shares of the construction company’s stock valued at $66,000 after acquiring an additional 72 shares during the period. Cromwell Holdings LLC lifted its position in PulteGroup by 17.2% during the third quarter. Cromwell Holdings LLC now owns 565 shares of the construction company’s stock worth $81,000 after purchasing an additional 83 shares during the period. Concord Wealth Partners lifted its position in PulteGroup by 1.7% during the third quarter. Concord Wealth Partners now owns 5,002 shares of the construction company’s stock worth $718,000 after purchasing an additional 83 shares during the period. Ashton Thomas Private Wealth LLC increased its holdings in PulteGroup by 3.0% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 3,054 shares of the construction company’s stock valued at $438,000 after buying an additional 88 shares during the period. Finally, Premier Path Wealth Partners LLC increased its holdings in PulteGroup by 3.8% in the 4th quarter. Premier Path Wealth Partners LLC now owns 2,572 shares of the construction company’s stock valued at $280,000 after buying an additional 95 shares during the period. Institutional investors own 89.90% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on PHM shares. Wedbush upgraded shares of PulteGroup from a “neutral” rating to an “outperform” rating and set a $135.00 price target on the stock in a research report on Friday, January 3rd. The Goldman Sachs Group reduced their target price on PulteGroup from $140.00 to $124.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Citigroup lowered their price target on PulteGroup from $146.00 to $119.00 and set a “neutral” rating for the company in a report on Monday, January 6th. JPMorgan Chase & Co. reduced their price objective on PulteGroup from $162.00 to $155.00 and set an “overweight” rating on the stock in a research note on Friday, December 13th. Finally, Evercore ISI lowered their target price on PulteGroup from $198.00 to $195.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $144.14.

PulteGroup Stock Down 0.3 %

NYSE:PHM opened at $116.56 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 one year low of $100.24 and a one year high of $149.47. The firm’s 50 day simple moving average is $119.54 and its 200 day simple moving average is $127.27. The company has a market cap of $23.90 billion, a PE ratio of 8.60, a P/E/G ratio of 0.46 and a beta of 1.67.

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

PulteGroup Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Tuesday, December 17th were issued a dividend of $0.22 per share. The ex-dividend date was Tuesday, December 17th. 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%. PulteGroup’s payout ratio is presently 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.