Aviva PLC boosted its position in shares of PulteGroup, Inc. (NYSE:PHM) by 9.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 179,277 shares of the construction company’s stock after purchasing an additional 15,540 shares during the period. Aviva PLC owned approximately 0.06% of PulteGroup worth $4,399,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. IFP Advisors Inc grew its holdings in PulteGroup by 12.0% during the 1st quarter. IFP Advisors Inc now owns 5,959 shares of the construction company’s stock worth $140,000 after acquiring an additional 638 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of PulteGroup by 12.4% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 6,380 shares of the construction company’s stock worth $150,000 after buying an additional 702 shares during the last quarter. Ameritas Investment Partners Inc. bought a new position in shares of PulteGroup in the 1st quarter worth about $155,000. Acadian Asset Management LLC bought a new position in shares of PulteGroup in the 1st quarter worth about $197,000. Finally, Commerce Bank bought a new position in shares of PulteGroup in the 1st quarter worth about $207,000. 85.80% of the stock is owned by institutional investors and hedge funds.
Shares of PulteGroup, Inc. (PHM) traded down 0.30% during trading on Friday, hitting $26.29. 7,211,616 shares of the stock traded hands. The company has a 50 day moving average of $25.45 and a 200-day moving average of $23.99. PulteGroup, Inc. has a 1-year low of $17.69 and a 1-year high of $26.64. The company has a market cap of $7.93 billion, a PE ratio of 14.55 and a beta of 1.08.
PulteGroup (NYSE:PHM) last released its quarterly earnings data on Tuesday, July 25th. The construction company reported $0.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.02. The firm had revenue of $2.02 billion during 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 company’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.37 earnings per share. On average, equities analysts anticipate that PulteGroup, Inc. will post $2.09 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Tuesday, September 19th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Monday, September 18th. This represents a $0.36 annualized dividend and a yield of 1.37%. PulteGroup’s dividend payout ratio (DPR) is currently 20.00%.
A number of research analysts have recently issued reports on the stock. Bank of America Corporation restated a “buy” rating and issued a $30.00 price target (up from $29.00) on shares of PulteGroup in a research report on Tuesday, June 27th. Credit Suisse Group assumed coverage on shares of PulteGroup in a research report on Thursday, June 22nd. They issued an “outperform” rating and a $27.00 price objective on the stock. BidaskClub upgraded shares of PulteGroup from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 14th. Wedbush upgraded shares of PulteGroup from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $15.00 to $22.00 in a research report on Thursday, July 13th. Finally, Mizuho downgraded shares of PulteGroup from a “neutral” rating to an “underperform” rating and set a $22.00 price objective on the stock. in a research report on Monday, July 10th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $24.92.
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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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