Paragon Capital Management Ltd cut its holdings in PulteGroup, Inc. (NYSE:PHM) by 2.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,265 shares of the construction company’s stock after selling 262 shares during the period. Paragon Capital Management Ltd’s holdings in PulteGroup were worth $412,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in PHM. Ibex Wealth Advisors bought a new stake in shares of PulteGroup during the 2nd quarter valued at $37,000. Pearl River Capital LLC bought a new stake in shares of PulteGroup during the 2nd quarter valued at $38,000. Neo Ivy Capital Management bought a new stake in shares of PulteGroup during the 2nd quarter valued at $39,000. Point72 Asset Management L.P. bought a new stake in shares of PulteGroup during the 2nd quarter valued at $47,000. Finally, Rational Advisors LLC raised its position in shares of PulteGroup by 2,191.7% during the 2nd quarter. Rational Advisors LLC now owns 1,650 shares of the construction company’s stock valued at $52,000 after purchasing an additional 1,578 shares during the period. Institutional investors and hedge funds own 86.50% of the company’s stock.
Several brokerages have recently commented on PHM. Seaport Global Securities began coverage on shares of PulteGroup in a research report on Friday, August 23rd. They set a “buy” rating and a $44.00 price objective on the stock. ValuEngine downgraded shares of PulteGroup from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. upgraded shares of PulteGroup from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $30.00 to $37.50 in a research report on Wednesday, September 11th. SunTrust Banks began coverage on shares of PulteGroup in a research report on Monday, August 12th. They set a “buy” rating and a $38.00 price objective on the stock. Finally, Royal Bank of Canada set a $33.00 price objective on shares of PulteGroup and gave the company a “hold” rating in a research report on Monday, August 26th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $32.06.
PHM opened at $38.30 on Friday. The stock has a market capitalization of $10.49 billion, a price-to-earnings ratio of 10.67, a PEG ratio of 1.51 and a beta of 0.65. The company has a fifty day moving average of $35.76 and a 200 day moving average of $32.68. PulteGroup, Inc. has a fifty-two week low of $20.64 and a fifty-two week high of $38.78. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.51 and a current ratio of 0.51.
PulteGroup (NYSE:PHM) last posted its earnings results on Tuesday, July 23rd. The construction company reported $0.86 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.04. The company had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.47 billion. PulteGroup had a net margin of 9.23% and a return on equity of 20.68%. PulteGroup’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period last year, the company posted $0.89 earnings per share. On average, equities research analysts forecast that PulteGroup, Inc. will post 3.42 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 18th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.44 annualized dividend and a yield of 1.15%. PulteGroup’s payout ratio is 12.26%.
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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