United Capital Financial Advisers LLC raised its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 14.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,865 shares of the construction company’s stock after purchasing an additional 1,276 shares during the quarter. United Capital Financial Advisers LLC’s holdings in PulteGroup were worth $312,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in PHM. Robeco Institutional Asset Management B.V. lifted its holdings in PulteGroup by 232.6% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,749,247 shares of the construction company’s stock valued at $55,314,000 after purchasing an additional 1,223,286 shares during the last quarter. Westfield Capital Management Co. LP acquired a new stake in shares of PulteGroup during the first quarter worth $29,290,000. Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of PulteGroup by 2,471.9% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 958,943 shares of the construction company’s stock worth $30,322,000 after buying an additional 921,658 shares in the last quarter. Artemis Investment Management LLP acquired a new stake in shares of PulteGroup during the second quarter worth $24,836,000. Finally, Teacher Retirement System of Texas lifted its holdings in shares of PulteGroup by 110.1% during the second quarter. Teacher Retirement System of Texas now owns 1,424,938 shares of the construction company’s stock worth $45,057,000 after buying an additional 746,669 shares in the last quarter. 86.33% of the stock is owned by institutional investors and hedge funds.
In other PulteGroup news, Director Brian P. Anderson sold 18,766 shares of PulteGroup stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $32.28, for a total value of $605,766.48. Following the transaction, the director now owns 104,735 shares in the company, valued at $3,380,845.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider James L. Ossowski sold 5,000 shares of PulteGroup stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $34.00, for a total value of $170,000.00. Following the completion of the transaction, the insider now owns 25,750 shares in the company, valued at approximately $875,500. The disclosure for this sale can be found here. Insiders sold 44,957 shares of company stock worth $1,475,705 in the last 90 days. 0.49% of the stock is owned by company insiders.
PulteGroup (NYSE:PHM) last issued its quarterly earnings results on Tuesday, July 23rd. The construction company reported $0.86 EPS for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.04. PulteGroup had a return on equity of 20.68% and a net margin of 9.23%. The company had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.47 billion. During the same quarter last year, the business earned $0.89 earnings per share. PulteGroup’s revenue was down 3.1% on a year-over-year basis. On average, sell-side analysts anticipate that PulteGroup, Inc. will post 3.42 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Wednesday, September 18th will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend is Tuesday, September 17th. PulteGroup’s payout ratio is currently 12.26%.
A number of research firms have recently weighed in on PHM. Royal Bank of Canada set a $33.00 target price on PulteGroup and gave the stock a “hold” rating in a report on Monday, August 26th. SunTrust Banks began coverage on PulteGroup in a report on Monday, August 12th. They set a “buy” rating and a $38.00 target price for the company. JPMorgan Chase & Co. raised PulteGroup from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $30.00 to $37.50 in a report on Wednesday, September 11th. Finally, Seaport Global Securities began coverage on PulteGroup in a report on Friday, August 23rd. They set a “buy” rating and a $44.00 target price for the company. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $31.49.
PulteGroup Company Profile
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.
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