Fort Washington Investment Advisors Inc. OH trimmed its position in PulteGroup, Inc. (NYSE:PHM) by 11.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,630 shares of the construction company’s stock after selling 3,955 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in PulteGroup were worth $727,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of the business. HAP Trading LLC lifted its holdings in shares of PulteGroup by 26.7% in the 2nd quarter. HAP Trading LLC now owns 96,520 shares of the construction company’s stock worth $2,368,000 after buying an additional 20,336 shares during the period. Peloton Wealth Strategists lifted its holdings in shares of PulteGroup by 4.7% in the 2nd quarter. Peloton Wealth Strategists now owns 89,700 shares of the construction company’s stock worth $2,200,000 after buying an additional 4,000 shares during the period. Fiera Capital Corp purchased a new stake in shares of PulteGroup in the 2nd quarter worth $45,333,000. Stephens Inc. AR lifted its holdings in shares of PulteGroup by 78.4% in the 2nd quarter. Stephens Inc. AR now owns 21,934 shares of the construction company’s stock worth $538,000 after buying an additional 9,640 shares during the period. Finally, Riverhead Capital Management LLC lifted its holdings in shares of PulteGroup by 1.2% in the 2nd quarter. Riverhead Capital Management LLC now owns 13,673 shares of the construction company’s stock worth $336,000 after buying an additional 159 shares during the period. Institutional investors and hedge funds own 85.71% of the company’s stock.
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PulteGroup, Inc. (PHM) opened at 26.29 on Monday. The company’s 50-day moving average price is $25.45 and its 200 day moving average price is $23.99. The firm has a market capitalization of $7.93 billion, a price-to-earnings ratio of 14.55 and a beta of 1.08. PulteGroup, Inc. has a 12 month low of $17.69 and a 12 month high of $26.64.
PulteGroup (NYSE:PHM) last released its earnings results on Tuesday, July 25th. The construction company reported $0.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.02. The firm had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2.03 billion. PulteGroup had a return on equity of 13.43% and a net margin of 7.35%. PulteGroup’s revenue was up 12.3% compared to the same quarter last year. During the same period last year, the business posted $0.37 earnings per share. Analysts predict that PulteGroup, Inc. will post $2.09 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Tuesday, September 19th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Monday, September 18th. PulteGroup’s dividend payout ratio (DPR) is 20.00%.
PHM has been the subject of several research reports. FBR & Co reiterated an “outperform” rating and issued a $28.00 target price (up from $26.00) on shares of PulteGroup in a report on Wednesday, July 26th. Zacks Investment Research upgraded PulteGroup from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a report on Tuesday, July 4th. MKM Partners restated a “neutral” rating on shares of PulteGroup in a research note on Tuesday, September 5th. Wedbush restated a “neutral” rating and set a $22.00 price objective on shares of PulteGroup in a research note on Tuesday, July 25th. Finally, Susquehanna Bancshares Inc cut PulteGroup from a “positive” rating to a “neutral” rating and set a $26.00 price objective for the company. in a research note on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $24.92.
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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