Huntington National Bank maintained its stake in shares of PulteGroup Inc. (NYSE:PHM) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,135 shares of the company’s stock at the end of the second quarter. Huntington National Bank’s holdings in PulteGroup were worth $248,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in the stock. Aviva PLC raised its stake in shares of PulteGroup by 0.3% in the first quarter. Aviva PLC now owns 145,973 shares of the company’s stock valued at $2,731,000 after buying an additional 476 shares during the last quarter. Wilsey Asset Management Inc. boosted its position in PulteGroup by 0.4% in the second quarter. Wilsey Asset Management Inc. now owns 421,508 shares of the company’s stock valued at $8,215,000 after buying an additional 1,693 shares during the period. LS Investment Advisors LLC boosted its position in PulteGroup by 12.6% in the second quarter. LS Investment Advisors LLC now owns 17,119 shares of the company’s stock valued at $334,000 after buying an additional 1,920 shares during the period. IFP Advisors Inc boosted its position in PulteGroup by 69.4% in the first quarter. IFP Advisors Inc now owns 5,507 shares of the company’s stock valued at $103,000 after buying an additional 2,257 shares during the period. Finally, Denali Advisors LLC boosted its position in PulteGroup by 1.4% in the second quarter. Denali Advisors LLC now owns 168,700 shares of the company’s stock valued at $3,288,000 after buying an additional 2,300 shares during the period. Institutional investors own 89.08% of the company’s stock.
Shares of PulteGroup Inc. (NYSE:PHM) traded up 1.16% during trading on Friday, hitting $20.04. 3,621,785 shares of the company’s stock were exchanged. The stock has a market cap of $6.89 billion, a PE ratio of 13.19 and a beta of 1.59. The stock’s 50-day moving average price is $20.60 and its 200-day moving average price is $19.52. PulteGroup Inc. has a 1-year low of $14.61 and a 1-year high of $22.40.
PulteGroup (NYSE:PHM) last released its quarterly earnings results on Thursday, July 21st. The company reported $0.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.02. PulteGroup had a net margin of 7.89% and a return on equity of 11.24%. The business had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same period in the prior year, the company posted $0.28 earnings per share. PulteGroup’s revenue was up 40.6% compared to the same quarter last year. On average, equities analysts expect that PulteGroup Inc. will post $1.61 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 4th. Investors of record on Tuesday, September 20th will be paid a $0.09 dividend. The ex-dividend date is Friday, September 16th. This represents a $0.36 annualized dividend and a dividend yield of 1.80%. PulteGroup’s dividend payout ratio (DPR) is presently 23.68%.
A number of equities analysts recently commented on the stock. FBR & Co reaffirmed a “marketperform” rating and issued a $24.00 price objective on shares of PulteGroup in a research note on Thursday. Wells Fargo & Co. assumed coverage on shares of PulteGroup in a research report on Wednesday. They issued a “market perform” rating for the company. Zacks Investment Research downgraded shares of PulteGroup from a “buy” rating to a “hold” rating in a report on Tuesday, September 27th. Wedbush assumed coverage on shares of PulteGroup in a report on Monday, September 19th. They set an “underperform” rating and a $16.00 price target on the stock. Finally, Deutsche Bank AG restated a “buy” rating and set a $27.00 price target on shares of PulteGroup in a report on Thursday, September 15th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of C$20.13.
In related news, EVP Steven M. Cook sold 20,000 shares of the company’s stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of C$22.06, for a total value of C$441,200.00. Following the transaction, the executive vice president now directly owns 261,626 shares in the company, valued at C$5,771,469.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP James R. Ellinghausen sold 100,000 shares of the company’s stock in a transaction dated Friday, July 8th. The shares were sold at an average price of C$20.25, for a total transaction of C$2,025,000.00. Following the completion of the transaction, the vice president now owns 532,931 shares in the company, valued at C$10,791,852.75. The disclosure for this sale can be found here. 1.83% of the stock is currently owned by corporate insiders.
PulteGroup, Inc is a homebuilder operating in the United States. The Company, through Pulte Mortgage LLC, is engaged in mortgage banking operations and title operations. The Company’s subsidiaries are also engaged in the homebuilding business. The Company operates through Homebuilding and Financial Services segments.
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