Stevens First Principles Investment Advisors purchased a new stake in PulteGroup Inc. (NYSE:PHM) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 190,345 shares of the company’s stock, valued at approximately $3,710,000. PulteGroup comprises approximately 2.8% of Stevens First Principles Investment Advisors’ holdings, making the stock its 13th largest position.
A number of other hedge funds and other institutional investors also recently bought and sold shares of PHM. Geode Capital Management LLC increased its position in PulteGroup by 1.8% in the first quarter. Geode Capital Management LLC now owns 2,662,099 shares of the company’s stock valued at $49,708,000 after buying an additional 46,478 shares in the last quarter. First Quadrant L P CA bought a new position in PulteGroup during the second quarter valued at approximately $109,000. ING Groep NV bought a new position in PulteGroup during the second quarter valued at approximately $17,356,000. Prudential Financial Inc. increased its position in PulteGroup by 4.5% in the first quarter. Prudential Financial Inc. now owns 1,102,851 shares of the company’s stock valued at $20,635,000 after buying an additional 47,600 shares in the last quarter. Finally, Squarepoint Ops LLC increased its position in PulteGroup by 67.4% in the first quarter. Squarepoint Ops LLC now owns 108,271 shares of the company’s stock valued at $2,026,000 after buying an additional 43,607 shares in the last quarter. 89.08% of the stock is currently owned by institutional investors.
PulteGroup Inc. (NYSE:PHM) traded down 1.450% during trading on Friday, reaching $20.045. 1,570,576 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $20.48 and a 200-day moving average of $19.58. The stock has a market capitalization of $6.89 billion, a PE ratio of 13.196 and a beta of 1.50. PulteGroup Inc. has a 52 week low of $14.61 and a 52 week high of $22.40.
PulteGroup (NYSE:PHM) last released its earnings results on Thursday, July 21st. The company reported $0.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.02. The company had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.66 billion. PulteGroup had a net margin of 7.89% and a return on equity of 11.24%. The firm’s quarterly revenue was up 40.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.28 EPS. On average, equities research analysts anticipate that PulteGroup Inc. will post $1.61 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 4th. Shareholders of record on Tuesday, September 20th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date was Friday, September 16th. PulteGroup’s dividend payout ratio is presently 23.68%.
Several research analysts have issued reports on PHM shares. Deutsche Bank AG reiterated a “buy” rating and set a $27.00 target price on shares of PulteGroup in a report on Thursday, September 15th. Zacks Investment Research upgraded shares of PulteGroup from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Monday, July 25th. TheStreet upgraded shares of PulteGroup from a “hold” rating to a “buy” rating in a report on Tuesday, June 28th. FBR & Co increased their target price on shares of PulteGroup from $20.00 to $24.00 and gave the stock a “market perform” rating in a report on Friday, July 22nd. Finally, Wells Fargo & Co. started coverage on shares of PulteGroup in a report on Wednesday, September 28th. They set a “market perform” rating on the stock. Four analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of C$20.13.
In other PulteGroup news, VP James L. Ossowski sold 11,655 shares of the stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of C$25.75, for a total value of C$300,116.25. Following the sale, the vice president now directly owns 51,880 shares of the company’s stock, valued at approximately C$1,335,910. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Harmon D. Smith sold 53,582 shares of the stock in a transaction that occurred on Tuesday, July 26th. The shares were sold at an average price of C$22.05, for a total transaction of C$1,181,483.10. Following the completion of the sale, the chief operating officer now directly owns 313,628 shares in the company, valued at C$6,915,497.40. The disclosure for this sale can be found here. 1.83% of the stock is currently owned by company 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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