Ameriprise Financial Inc. increased its stake in PulteGroup Inc. (NYSE:PHM) by 7.0% during the second quarter, Holdings Channel reports. The institutional investor owned 243,503 shares of the company’s stock after buying an additional 15,905 shares during the period. Ameriprise Financial Inc. owned about 0.07% of PulteGroup worth $4,753,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of PHM. Boston Partners raised its position in PulteGroup by 53.9% in the second quarter. Boston Partners now owns 25,047,967 shares of the company’s stock valued at $488,185,000 after buying an additional 8,773,436 shares in the last quarter. BB&T Securities LLC raised its position in PulteGroup by 7,606.5% in the first quarter. BB&T Securities LLC now owns 1,917,538 shares of the company’s stock valued at $35,877,000 after buying an additional 1,892,656 shares in the last quarter. Bank of Montreal Can bought a new position in PulteGroup during the second quarter valued at about $29,907,000. Anchor Bolt Capital LP bought a new position in PulteGroup during the first quarter valued at about $18,071,000. Finally, American Century Companies Inc. raised its position in PulteGroup by 21.7% in the second quarter. American Century Companies Inc. now owns 5,007,329 shares of the company’s stock valued at $97,593,000 after buying an additional 893,841 shares in the last quarter. 89.08% of the stock is owned by hedge funds and other institutional investors.
PulteGroup Inc. (NYSE:PHM) traded up 0.15% on Friday, reaching $19.43. The company’s stock had a trading volume of 4,598,445 shares. The firm has a 50-day moving average of $20.18 and a 200 day moving average of $19.63. PulteGroup Inc. has a 12-month low of $14.61 and a 12-month high of $22.40. The company has a market capitalization of $6.68 billion, a price-to-earnings ratio of 12.79 and a beta of 1.50.
PulteGroup (NYSE:PHM) last announced its quarterly earnings data on Thursday, July 21st. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.02. PulteGroup had a return on equity of 11.24% and a net margin of 7.89%. The firm earned $1.80 billion during the quarter, compared to analysts’ expectations of $1.66 billion. During the same period last year, the business posted $0.28 earnings per share. The company’s revenue for the quarter was up 40.6% compared to the same quarter last year. On average, equities research analysts anticipate that PulteGroup Inc. will post $1.61 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 4th. Stockholders of record on Tuesday, September 20th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.85%. The ex-dividend date was Friday, September 16th. PulteGroup’s payout ratio is 23.68%.
A number of brokerages have weighed in on PHM. Royal Bank Of Canada boosted their target price on PulteGroup from $23.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, July 22nd. Zacks Investment Research raised PulteGroup from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Monday, July 25th. Wedbush began coverage on PulteGroup in a research report on Monday, September 19th. They issued an “underperform” rating and a $16.00 target price for the company. Credit Suisse Group AG reissued a “sell” rating on shares of PulteGroup in a research report on Tuesday, July 12th. Finally, Wells Fargo & Co. began coverage on PulteGroup in a research report on Wednesday, September 28th. They issued a “market perform” rating for the company. Three analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. PulteGroup presently has a consensus rating of “Hold” and a consensus target price of C$21.53.
In other news, CEO Richard J. Dugas, Jr. sold 243,115 shares of the firm’s stock in a transaction dated Monday, July 25th. The stock was sold at an average price of C$21.96, for a total value of C$5,338,805.40. Following the completion of the transaction, the chief executive officer now directly owns 1,441,759 shares in the company, valued at C$31,661,027.64. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Harmon D. Smith sold 53,582 shares of the firm’s stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of C$22.05, for a total value of C$1,181,483.10. Following the completion of the transaction, the chief operating officer now owns 313,628 shares of the company’s stock, valued at C$6,915,497.40. The disclosure for this sale can be found here. 1.83% of the stock is owned by 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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