Waterloo Capital L.P. Has $339,000 Holdings in PulteGroup, Inc. $PHM

Waterloo Capital L.P. raised its stake in PulteGroup, Inc. (NYSE:PHM) by 18.1% in the 2nd quarter, Holdings Channel.com reports. The fund owned 3,218 shares of the construction company’s stock after buying an additional 493 shares during the quarter. Waterloo Capital L.P.’s holdings in PulteGroup were worth $339,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. WPG Advisers LLC acquired a new position in shares of PulteGroup during the 1st quarter worth $25,000. Hager Investment Management Services LLC grew its position in PulteGroup by 33.3% in the second quarter. Hager Investment Management Services LLC now owns 420 shares of the construction company’s stock valued at $44,000 after acquiring an additional 105 shares during the last quarter. REAP Financial Group LLC raised its stake in PulteGroup by 188.1% during the second quarter. REAP Financial Group LLC now owns 533 shares of the construction company’s stock worth $56,000 after acquiring an additional 348 shares in the last quarter. Quarry LP lifted its holdings in shares of PulteGroup by 43.8% in the first quarter. Quarry LP now owns 571 shares of the construction company’s stock worth $59,000 after acquiring an additional 174 shares during the last quarter. Finally, Pandora Wealth Inc. bought a new stake in shares of PulteGroup during the 1st quarter valued at approximately $97,000. 89.90% of the stock is currently owned by institutional investors and hedge funds.

PulteGroup Trading Down 0.9%

Shares of PHM stock opened at $119.21 on Tuesday. The company has a market cap of $23.24 billion, a P/E ratio of 9.18, a PEG ratio of 0.95 and a beta of 1.25. PulteGroup, Inc. has a fifty-two week low of $88.07 and a fifty-two week high of $142.11. The stock has a 50 day simple moving average of $124.08 and a two-hundred day simple moving average of $117.68. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.81 and a current ratio of 0.81.

PulteGroup (NYSE:PHM) last posted its quarterly earnings results on Tuesday, October 21st. The construction company reported $2.96 EPS for the quarter, topping analysts’ consensus estimates of $2.86 by $0.10. The business had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.31 billion. PulteGroup had a net margin of 14.93% and a return on equity of 19.58%. The business’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period last year, the company posted $3.35 earnings per share. Research analysts forecast that PulteGroup, Inc. will post 12.32 earnings per share for the current year.

PulteGroup Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Tuesday, December 16th will be issued a dividend of $0.26 per share. This is an increase from PulteGroup’s previous quarterly dividend of $0.22. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Tuesday, December 16th. PulteGroup’s dividend payout ratio is 8.01%.

Analysts Set New Price Targets

PHM has been the subject of several research reports. Evercore ISI dropped their price objective on shares of PulteGroup from $154.00 to $134.00 and set an “in-line” rating for the company in a research note on Wednesday, October 22nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of PulteGroup in a report on Wednesday, November 19th. Bank of America dropped their price target on PulteGroup from $145.00 to $140.00 and set a “buy” rating for the company in a research note on Friday, October 10th. Citigroup boosted their price objective on PulteGroup from $132.00 to $143.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 1st. Finally, Zacks Research upgraded PulteGroup from a “strong sell” rating to a “hold” rating in a research report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $133.67.

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.