Principal Financial Group Inc. boosted its stake in PulteGroup Inc. (NYSE:PHM) by 2.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 481,287 shares of the company’s stock after buying an additional 12,361 shares during the period. Principal Financial Group Inc. owned approximately 0.14% of PulteGroup worth $9,380,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. IFP Advisors Inc boosted its stake in shares of 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 last quarter. First Quadrant L P CA acquired a new stake in shares of PulteGroup during the second quarter valued at approximately $109,000. Private Advisor Group LLC acquired a new stake in shares of PulteGroup during the second quarter valued at approximately $201,000. Chartist Inc. CA acquired a new stake in shares of PulteGroup during the second quarter valued at approximately $202,000. Finally, Opus Capital Group LLC acquired a new stake in shares of PulteGroup during the second quarter valued at approximately $203,000. 89.08% of the stock is currently owned by hedge funds and other institutional investors.
Shares of PulteGroup Inc. (NYSE:PHM) opened at 19.43 on Monday. PulteGroup Inc. has a 52 week low of $14.61 and a 52 week high of $22.40. The firm has a market capitalization of $6.68 billion, a P/E ratio of 12.79 and a beta of 1.50. The company has a 50-day moving average of $20.18 and a 200 day moving average of $19.63.
PulteGroup (NYSE:PHM) last posted its quarterly earnings results on Thursday, July 21st. The company reported $0.34 earnings per share for the quarter, beating the 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 firm earned $1.80 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same period in the previous year, the firm posted $0.28 earnings per share. The business’s revenue was up 40.6% compared to the same quarter last year. Equities research analysts anticipate that PulteGroup Inc. will post $1.61 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 4th. Shareholders of record on Tuesday, September 20th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.85%. The ex-dividend date was Friday, September 16th. PulteGroup’s dividend payout ratio (DPR) is currently 23.68%.
PHM has been the subject of a number of recent analyst reports. FBR & Co restated a “marketperform” rating and issued a $24.00 price objective on shares of PulteGroup in a research report on Thursday, September 29th. Wells Fargo & Co. initiated coverage on shares of PulteGroup in a research report on Wednesday, September 28th. They issued a “market perform” rating for the company. Zacks Investment Research cut shares of PulteGroup from a “buy” rating to a “hold” rating in a research report on Tuesday, September 27th. Wedbush initiated coverage on shares of PulteGroup in a research report on Monday, September 19th. They issued an “underperform” rating and a $16.00 price objective for the company. Finally, Deutsche Bank AG restated a “buy” rating and issued a $27.00 price objective on shares of PulteGroup in a research report on Thursday, September 15th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of C$21.53.
In other PulteGroup news, EVP Steven M. Cook sold 20,000 shares of PulteGroup stock in a transaction on 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 completion of the sale, the executive vice president now directly owns 261,626 shares of the company’s stock, valued at C$5,771,469.56. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Richard J. Dugas, Jr. sold 243,115 shares of PulteGroup stock in a transaction on Monday, July 25th. The shares were sold at an average price of C$21.96, for a total transaction of C$5,338,805.40. Following the completion of the sale, the chief executive officer now directly owns 1,441,759 shares of the company’s stock, valued at C$31,661,027.64. 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.
Want to see what other hedge funds are holding PHM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PulteGroup Inc. (NYSE:PHM).
Receive News & Ratings for PulteGroup Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PulteGroup Inc. and related companies with MarketBeat.com's FREE daily email newsletter.