Winslow Evans & Crocker Inc. raised its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 3.6% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,490 shares of the construction company’s stock after buying an additional 400 shares during the period. Winslow Evans & Crocker Inc.’s holdings in PulteGroup were worth $281,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in the stock. Bank of Montreal Can boosted its position in shares of PulteGroup by 8.7% in the first quarter. Bank of Montreal Can now owns 292,090 shares of the construction company’s stock valued at $6,878,000 after buying an additional 23,403 shares during the period. P.R. Herzig & Co. Inc. acquired a new position in shares of PulteGroup during the first quarter valued at about $1,618,000. Gulf International Bank UK Ltd boosted its position in shares of PulteGroup by 2.0% in the first quarter. Gulf International Bank UK Ltd now owns 98,405 shares of the construction company’s stock valued at $2,317,000 after buying an additional 1,900 shares during the period. Sheets Smith Wealth Management acquired a new position in shares of PulteGroup during the first quarter valued at about $372,000. Finally, Macquarie Group Ltd. boosted its position in shares of PulteGroup by 9,659.1% in the fourth quarter. Macquarie Group Ltd. now owns 341,569 shares of the construction company’s stock valued at $6,278,000 after buying an additional 338,069 shares during the period. Hedge funds and other institutional investors own 87.54% of the company’s stock.
Shares of PulteGroup, Inc. (NYSE:PHM) opened at 24.36 on Monday. The firm has a market capitalization of $7.69 billion, a PE ratio of 13.45 and a beta of 1.14. PulteGroup, Inc. has a 12-month low of $17.69 and a 12-month high of $25.20. The firm has a 50-day moving average of $23.49 and a 200-day moving average of $22.07.
PulteGroup (NYSE:PHM) last issued its quarterly earnings data on Tuesday, April 25th. The construction company reported $0.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.02. The business had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.77 billion. PulteGroup had a net margin of 7.77% and a return on equity of 12.74%. The company’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.24 EPS. Equities analysts anticipate that PulteGroup, Inc. will post $2.23 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 5th. Shareholders of record on Thursday, June 8th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date was Tuesday, June 6th. PulteGroup’s payout ratio is currently 19.78%.
Several research firms have recently weighed in on PHM. Barclays PLC cut shares of PulteGroup from an “overweight” rating to an “equal weight” rating and set a $24.00 price objective for the company. in a research report on Tuesday, July 11th. They noted that the move was a valuation call. Mizuho cut shares of PulteGroup from a “neutral” rating to an “underperform” rating and set a $22.00 price objective for the company. in a research report on Monday, July 10th. Zacks Investment Research upgraded shares of PulteGroup from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Tuesday, July 4th. Wedbush upgraded shares of PulteGroup from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $15.00 to $22.00 in a research report on Thursday. Finally, BidaskClub cut shares of PulteGroup from a “strong-buy” rating to a “buy” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $24.83.
In other PulteGroup news, Director Brian P. Anderson sold 14,000 shares of the business’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $23.18, for a total transaction of $324,520.00. Following the transaction, the director now directly owns 108,744 shares of the company’s stock, valued at approximately $2,520,685.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.71% of the stock is currently owned by insiders.
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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