PulteGroup, Inc. (NYSE:PHM) Stock Holdings Increased by First Trust Advisors LP

Share on StockTwits

First Trust Advisors LP raised its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 6.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 388,581 shares of the construction company’s stock after acquiring an additional 23,208 shares during the period. First Trust Advisors LP owned approximately 0.14% of PulteGroup worth $8,673,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in PHM. FinTrust Capital Advisors LLC bought a new stake in PulteGroup during the 4th quarter valued at $30,000. CWM LLC raised its stake in shares of PulteGroup by 51.3% in the 4th quarter. CWM LLC now owns 793 shares of the construction company’s stock worth $31,000 after buying an additional 269 shares in the last quarter. Verus Capital Partners LLC bought a new stake in shares of PulteGroup in the 4th quarter worth $35,000. Lenox Wealth Management Inc. bought a new stake in shares of PulteGroup in the 1st quarter worth $35,000. Finally, Accurate Investment Solutions Inc. bought a new stake in shares of PulteGroup in the 1st quarter worth $40,000. 90.15% of the stock is currently owned by hedge funds and other institutional investors.

In other PulteGroup news, SVP Stephen P. Schlageter sold 18,549 shares of the business’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $26.13, for a total value of $484,685.37. Following the completion of the sale, the senior vice president now owns 86,697 shares of the company’s stock, valued at $2,265,392.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Bill Pulte sold 20,198 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $40.21, for a total value of $812,161.58. The disclosure for this sale can be found here. 0.60% of the stock is owned by insiders.

Shares of NYSE PHM opened at $32.69 on Friday. The business’s 50-day moving average price is $26.03 and its two-hundred day moving average price is $35.93. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.81 and a quick ratio of 0.81. PulteGroup, Inc. has a one year low of $17.12 and a one year high of $47.37. The company has a market capitalization of $8.51 billion, a P/E ratio of 8.58, a price-to-earnings-growth ratio of 4.96 and a beta of 1.27.

PulteGroup (NYSE:PHM) last issued its earnings results on Thursday, April 23rd. The construction company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.04. PulteGroup had a return on equity of 19.53% and a net margin of 10.02%. The firm had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the previous year, the company posted $0.59 earnings per share. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. On average, equities analysts anticipate that PulteGroup, Inc. will post 3.19 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th will be given a $0.12 dividend. The ex-dividend date of this dividend is Thursday, June 11th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.47%. PulteGroup’s dividend payout ratio is currently 13.75%.

A number of research firms have recently commented on PHM. Wells Fargo & Co dropped their price objective on PulteGroup from $50.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Friday, April 24th. Cfra boosted their price objective on PulteGroup from $18.00 to $29.00 and gave the stock a “hold” rating in a research note on Thursday, April 23rd. Citigroup began coverage on PulteGroup in a research note on Wednesday, April 15th. They issued a “buy” rating and a $32.00 price objective on the stock. Susquehanna Bancshares raised PulteGroup from a “neutral” rating to a “positive” rating and boosted their price objective for the stock from $50.00 to $51.00 in a research note on Tuesday, March 3rd. Finally, SunTrust Banks lifted their target price on PulteGroup from $27.00 to $32.00 and gave the stock a “hold” rating in a report on Tuesday, May 12th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $38.40.

About PulteGroup

PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. The company acquires and develops land primarily for residential purposes; and constructs housing on such land. It offers various home designs, including single-family detached, townhouses, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, and John Wieland Homes and Neighborhoods brand names.

Featured Story: Sell-Side Analysts

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).

Institutional Ownership by Quarter for PulteGroup (NYSE:PHM)

Receive News & Ratings for PulteGroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PulteGroup and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

State Board of Administration of Florida Retirement System Raises Stock Position in Amicus Therapeutics, Inc.
State Board of Administration of Florida Retirement System Raises Stock Position in Amicus Therapeutics, Inc.
Zurcher Kantonalbank Zurich Cantonalbank Acquires 21,464 Shares of PVH Corp
Zurcher Kantonalbank Zurich Cantonalbank Acquires 21,464 Shares of PVH Corp
Benjamin F. Edwards & Company Inc. Decreases Stock Position in Fidelity National Financial Inc
Benjamin F. Edwards & Company Inc. Decreases Stock Position in Fidelity National Financial Inc
PulteGroup, Inc.  Stock Holdings Increased by First Trust Advisors LP
PulteGroup, Inc. Stock Holdings Increased by First Trust Advisors LP
Zurcher Kantonalbank Zurich Cantonalbank Has $1.15 Million Stake in Cousins Properties Inc
Zurcher Kantonalbank Zurich Cantonalbank Has $1.15 Million Stake in Cousins Properties Inc
Aperio Group LLC Grows Stock Holdings in Qualys Inc
Aperio Group LLC Grows Stock Holdings in Qualys Inc


© 2006-2020 Ticker Report