Nationwide Fund Advisors lowered its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 2.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 823,525 shares of the construction company’s stock after selling 22,797 shares during the quarter. Nationwide Fund Advisors owned about 0.27% of PulteGroup worth $20,201,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. HAP Trading LLC increased its stake in shares of PulteGroup by 26.7% during the 2nd quarter. HAP Trading LLC now owns 96,520 shares of the construction company’s stock valued at $2,368,000 after acquiring an additional 20,336 shares during the last quarter. Peloton Wealth Strategists increased its stake in shares of PulteGroup by 4.7% during the 2nd quarter. Peloton Wealth Strategists now owns 89,700 shares of the construction company’s stock valued at $2,200,000 after acquiring an additional 4,000 shares during the last quarter. Fiera Capital Corp acquired a new position in shares of PulteGroup during the 2nd quarter valued at about $45,333,000. Stephens Inc. AR increased its stake in shares of PulteGroup by 78.4% during the 2nd quarter. Stephens Inc. AR now owns 21,934 shares of the construction company’s stock valued at $538,000 after acquiring an additional 9,640 shares during the last quarter. Finally, Riverhead Capital Management LLC increased its stake in shares of PulteGroup by 1.2% during the 2nd quarter. Riverhead Capital Management LLC now owns 13,673 shares of the construction company’s stock valued at $336,000 after acquiring an additional 159 shares during the last quarter. 85.71% of the stock is owned by institutional investors.
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PulteGroup, Inc. (PHM) opened at 26.33 on Tuesday. The stock has a market cap of $7.94 billion, a PE ratio of 14.57 and a beta of 1.08. The firm has a 50-day moving average price of $25.50 and a 200-day moving average price of $24.05. PulteGroup, Inc. has a 12-month low of $17.69 and a 12-month high of $26.64.
PulteGroup (NYSE:PHM) last issued its quarterly earnings data on Tuesday, July 25th. The construction company reported $0.47 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.02. The business had revenue of $2.02 billion for 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%. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.37 EPS. Analysts forecast that PulteGroup, Inc. will post $2.09 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders 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 dividend yield of 1.37%. The ex-dividend date of this dividend is Monday, September 18th. PulteGroup’s dividend payout ratio is 20.00%.
A number of brokerages have recently issued reports on PHM. Barclays PLC cut PulteGroup from an “overweight” rating to an “equal weight” rating and set a $24.00 target price 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 target price 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 reiterated 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 target price for the company in a report on Tuesday, July 4th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $24.92.
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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