HL Financial Services LLC boosted its stake in PulteGroup, Inc. (NYSE:PHM) by 22.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 177,166 shares of the construction company’s stock after buying an additional 32,340 shares during the period. HL Financial Services LLC owned approximately 0.06% of PulteGroup worth $4,172,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of PHM. Trust Department MB Financial Bank N A bought a new stake in shares of PulteGroup during the first quarter worth $129,000. IFP Advisors Inc increased its stake in shares of PulteGroup by 12.0% in the first quarter. IFP Advisors Inc now owns 5,959 shares of the construction company’s stock worth $140,000 after buying an additional 638 shares during the period. Thrivent Financial for Lutherans increased its stake in shares of PulteGroup by 1.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 10,162 shares of the construction company’s stock worth $187,000 after buying an additional 110 shares during the period. Acadian Asset Management LLC bought a new stake in shares of PulteGroup during the first quarter worth $197,000. Finally, Commerce Bank bought a new stake in shares of PulteGroup during the first quarter worth $207,000. 88.78% of the stock is owned by institutional investors and hedge funds.
PulteGroup, Inc. (NYSE:PHM) traded up 1.67% during trading on Friday, hitting $23.13. 3,835,508 shares of the stock were exchanged. The firm has a 50-day moving average of $23.08 and a 200-day moving average of $21.04. The stock has a market capitalization of $7.30 billion, a price-to-earnings ratio of 12.77 and a beta of 1.24. PulteGroup, Inc. has a 52 week low of $17.69 and a 52 week high of $24.43.
PulteGroup (NYSE:PHM) last released its quarterly earnings data on Tuesday, April 25th. The construction company reported $0.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.02. PulteGroup had a return on equity of 12.29% and a net margin of 7.86%. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the prior year, the firm posted $0.24 earnings per share. The firm’s revenue was up 13.7% compared to the same quarter last year. Equities research analysts anticipate that PulteGroup, Inc. will post $2.24 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 5th. Stockholders of record on Thursday, June 8th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend is Tuesday, June 6th. PulteGroup’s dividend payout ratio is currently 20.22%.
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PHM has been the subject of a number of research reports. Royal Bank of Canada reissued an “outperform” rating and issued a $24.00 price target (up from $22.00) on shares of PulteGroup in a report on Friday, January 27th. Bank of America Corp raised shares of PulteGroup from an “underperform” rating to a “buy” rating and set a $25.00 price target for the company in a report on Friday, January 27th. Zacks Investment Research raised shares of PulteGroup from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Monday, January 30th. BTIG Research initiated coverage on shares of PulteGroup in a report on Tuesday, February 7th. They issued a “neutral” rating for the company. Finally, FBR & Co raised shares of PulteGroup from a “market perform” rating to an “outperform” rating and increased their price target for the company from $23.00 to $26.00 in a report on Tuesday, February 14th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $23.30.
In other news, insider James L. Ossowski sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 5th. The stock was sold at an average price of $23.45, for a total value of $117,250.00. Following the completion of the transaction, the insider now owns 31,936 shares of the company’s stock, valued at $748,899.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider James R. Ellinghausen sold 33,814 shares of the company’s stock in a transaction that occurred on Wednesday, February 22nd. The shares were sold at an average price of $21.82, for a total value of $737,821.48. Following the completion of the transaction, the insider now directly owns 411,524 shares of the company’s stock, valued at approximately $8,979,453.68. The disclosure for this sale can be found here. Insiders sold 213,814 shares of company stock valued at $5,067,531 in the last ninety days. 1.83% of the stock is currently owned by insiders.
PulteGroup Company 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.
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