Peloton Wealth Strategists Purchases 4,000 Shares of PulteGroup, Inc. (PHM)

Peloton Wealth Strategists increased its position in PulteGroup, Inc. (NYSE:PHM) by 4.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 89,700 shares of the construction company’s stock after purchasing an additional 4,000 shares during the period. PulteGroup makes up 1.7% of Peloton Wealth Strategists’ investment portfolio, making the stock its 24th largest holding. Peloton Wealth Strategists’ holdings in PulteGroup were worth $2,200,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of PHM. IFP Advisors Inc lifted its holdings in shares of PulteGroup by 12.0% in the 1st quarter. IFP Advisors Inc now owns 5,959 shares of the construction company’s stock worth $140,000 after purchasing an additional 638 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of PulteGroup by 12.4% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 6,380 shares of the construction company’s stock worth $150,000 after purchasing an additional 702 shares in the last quarter. Ameritas Investment Partners Inc. bought a new position in shares of PulteGroup in the 1st quarter worth $155,000. Acadian Asset Management LLC bought a new position in shares of PulteGroup in the 1st quarter worth $197,000. Finally, Commerce Bank bought a new position in shares of PulteGroup in the 1st quarter worth $207,000. Institutional investors own 85.80% of the company’s stock.

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A number of equities analysts recently issued reports on PHM shares. Mizuho started coverage on PulteGroup in a report on Tuesday, May 16th. They issued a “neutral” rating and a $22.00 target price on the stock. BidaskClub upgraded PulteGroup from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 14th. Credit Suisse Group started coverage on PulteGroup in a report on Thursday, June 22nd. They issued an “outperform” rating and a $27.00 target price on the stock. Zacks Investment Research cut PulteGroup from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. Finally, Bank of America Corporation reiterated a “buy” rating and issued a $30.00 target price (up from $29.00) on shares of PulteGroup in a report on Tuesday, June 27th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $25.08.

Shares of PulteGroup, Inc. (NYSE:PHM) traded up 0.378% during midday trading on Tuesday, hitting $26.269. The stock had a trading volume of 608,311 shares. PulteGroup, Inc. has a 12 month low of $17.69 and a 12 month high of $26.37. The stock has a market cap of $7.93 billion, a PE ratio of 14.537 and a beta of 1.08. The stock’s 50-day moving average is $25.20 and its 200-day moving average is $23.88.

PulteGroup (NYSE:PHM) last announced its quarterly earnings results on Tuesday, July 25th. The construction company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.02. The firm had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.03 billion. PulteGroup had a return on equity of 13.43% and a net margin of 7.35%. The company’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.37 earnings per share. Equities analysts anticipate that PulteGroup, Inc. will post $2.09 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Tuesday, September 19th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend is Monday, September 18th. PulteGroup’s dividend payout ratio (DPR) is presently 20.00%.

PulteGroup Profile

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.

Institutional Ownership by Quarter for PulteGroup (NYSE:PHM)

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