PulteGroup, Inc. (PHM) Position Reduced by QS Investors LLC
QS Investors LLC lessened its holdings in PulteGroup, Inc. (NYSE:PHM) by 0.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,326 shares of the construction company’s stock after selling 175 shares during the quarter. QS Investors LLC’s holdings in PulteGroup were worth $572,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Aviva PLC increased its holdings in PulteGroup by 9.5% in the second quarter. Aviva PLC now owns 179,277 shares of the construction company’s stock valued at $4,399,000 after buying an additional 15,540 shares during the last quarter. Peloton Wealth Strategists grew its holdings in shares of PulteGroup by 4.7% during the second quarter. Peloton Wealth Strategists now owns 89,700 shares of the construction company’s stock worth $2,200,000 after purchasing an additional 4,000 shares during the last quarter. Hartwell J M Limited Partnership grew its holdings in shares of PulteGroup by 4.3% during the second quarter. Hartwell J M Limited Partnership now owns 22,850 shares of the construction company’s stock worth $561,000 after purchasing an additional 950 shares during the last quarter. Mirador Capital Partners LP grew its holdings in shares of PulteGroup by 3.7% during the second quarter. Mirador Capital Partners LP now owns 48,655 shares of the construction company’s stock worth $1,246,000 after purchasing an additional 1,728 shares during the last quarter. Finally, HAP Trading LLC grew its holdings in shares of PulteGroup by 26.7% during the second quarter. HAP Trading LLC now owns 96,520 shares of the construction company’s stock worth $2,368,000 after purchasing an additional 20,336 shares during the last quarter. 85.50% of the stock is currently owned by hedge funds and other institutional investors.
Shares of PulteGroup, Inc. (NYSE:PHM) opened at 27.07 on Monday. The firm has a market cap of $8.17 billion, a P/E ratio of 14.98 and a beta of 1.06. The company has a 50-day moving average of $26.38 and a 200-day moving average of $24.52. PulteGroup, Inc. has a 12 month low of $17.69 and a 12 month high of $27.76.
PulteGroup (NYSE:PHM) last posted its earnings results on Tuesday, July 25th. The construction company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.45 by $0.02. PulteGroup had a net margin of 7.35% and a return on equity of 13.43%. The firm had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter in the prior year, the firm earned $0.37 EPS. PulteGroup’s quarterly revenue was up 12.3% on a year-over-year basis. Equities analysts forecast that PulteGroup, Inc. will post $2.07 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 3rd. Stockholders of record on Tuesday, September 19th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date was Monday, September 18th. PulteGroup’s dividend payout ratio is currently 20.00%.
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Several equities analysts have issued reports on PHM shares. BidaskClub lowered PulteGroup from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 13th. Zacks Investment Research raised PulteGroup from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a report on Tuesday, July 4th. Bank of America Corporation reaffirmed a “buy” rating and set a $30.00 price objective (up previously from $29.00) on shares of PulteGroup in a report on Tuesday, June 27th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $28.00 price objective on shares of PulteGroup in a report on Monday, September 25th. Finally, Barclays PLC lowered PulteGroup from an “overweight” rating to an “equal weight” rating and set a $24.00 price objective on the stock. in a report on Tuesday, July 11th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, nine have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $25.45.
PulteGroup Company Profile
PulteGroup, Inc is a homebuilder in the United States. The Company’s segments include Homebuilding and Financial Services. Its Homebuilding operations are engaged in the acquisition and development of land primarily for residential purposes within the United States and the construction of housing on such land.
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