Flinton Capital Management LLC increased its position in shares of PulteGroup, Inc. (NYSE:PHM) by 0.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,288 shares of the construction company’s stock after purchasing an additional 48 shares during the period. Flinton Capital Management LLC’s holdings in PulteGroup were worth $302,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in PHM. UBS Asset Management Americas Inc. lifted its holdings in PulteGroup by 6.5% during the 1st quarter. UBS Asset Management Americas Inc. now owns 782,027 shares of the construction company’s stock worth $18,417,000 after purchasing an additional 47,721 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in PulteGroup by 46.1% during the 1st quarter. Ameriprise Financial Inc. now owns 385,942 shares of the construction company’s stock worth $9,097,000 after purchasing an additional 121,798 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new stake in PulteGroup during the 1st quarter worth approximately $155,000. Stifel Financial Corp lifted its holdings in PulteGroup by 70.8% during the 1st quarter. Stifel Financial Corp now owns 38,427 shares of the construction company’s stock worth $907,000 after purchasing an additional 15,927 shares during the last quarter. Finally, Clinton Group Inc. acquired a new stake in PulteGroup during the 1st quarter worth approximately $232,000. 85.71% of the stock is owned by institutional investors and hedge funds.
PulteGroup, Inc. (NYSE PHM) opened at 27.09 on Friday. PulteGroup, Inc. has a 1-year low of $17.69 and a 1-year high of $27.76. The company has a market cap of $8.17 billion, a price-to-earnings ratio of 14.99 and a beta of 1.06. The firm’s 50-day moving average price is $26.29 and its 200-day moving average price is $24.48.
PulteGroup (NYSE:PHM) last posted its earnings results on Tuesday, July 25th. The construction company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.37 earnings per share. Equities research analysts forecast that PulteGroup, Inc. will post $2.07 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, October 3rd. Shareholders of record on Tuesday, September 19th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Monday, September 18th. This represents a $0.36 annualized dividend and a dividend yield of 1.33%. PulteGroup’s dividend payout ratio is currently 20.00%.
Several analysts recently weighed in on the company. Barclays PLC cut PulteGroup from an “overweight” rating to an “equal weight” rating and set a $24.00 price target for the company. in a report on Tuesday, July 11th. They noted that the move was a valuation call. Mizuho cut PulteGroup from a “neutral” rating to an “underperform” rating and set a $22.00 price target for the company. in a report on Monday, July 10th. BidaskClub cut PulteGroup from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 13th. MKM Partners reissued a “neutral” rating on shares of PulteGroup in a report on Tuesday, September 5th. Finally, Zacks Investment Research upgraded PulteGroup from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Tuesday, July 4th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $25.45.
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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