BlackRock Inc. raised its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 0.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,941,106 shares of the construction company’s stock after acquiring an additional 49,767 shares during the quarter. BlackRock Inc. owned approximately 7.60% of PulteGroup worth $562,744,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also modified their holdings of the company. Ameritas Investment Partners Inc. purchased a new position in shares of PulteGroup during the 1st quarter worth $155,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of PulteGroup by 7.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,845 shares of the construction company’s stock worth $168,000 after acquiring an additional 465 shares during the last quarter. Chartist Inc. CA purchased a new position in shares of PulteGroup during the 1st quarter worth $208,000. Private Advisor Group LLC purchased a new position in shares of PulteGroup during the 1st quarter worth $209,000. Finally, BKS Advisors LLC purchased a new position in shares of PulteGroup during the 2nd quarter worth $232,000. Institutional investors and hedge funds own 85.71% of the company’s stock.
Shares of PulteGroup, Inc. (NYSE PHM) opened at 25.88 on Friday. The company has a market capitalization of $7.81 billion, a P/E ratio of 14.32 and a beta of 1.08. The stock’s 50 day moving average is $25.55 and its 200 day moving average is $24.07. PulteGroup, Inc. has a 12 month low of $17.69 and a 12 month high of $26.64.
PulteGroup (NYSE:PHM) last announced its quarterly earnings results on Tuesday, July 25th. The construction company reported $0.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.02. PulteGroup had a net margin of 7.35% and a return on equity of 13.43%. The firm had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the prior year, the firm posted $0.37 earnings per share. The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. On average, equities analysts predict that PulteGroup, Inc. will post $2.08 EPS for the current fiscal year.
The company 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. This represents a $0.36 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend is Monday, September 18th. PulteGroup’s dividend payout ratio (DPR) is presently 20.00%.
Several brokerages have recently weighed in on PHM. MKM Partners reiterated a “neutral” rating on shares of PulteGroup in a research note on Tuesday, September 5th. BidaskClub upgraded shares of PulteGroup from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 17th. Zacks Investment Research cut shares of PulteGroup from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Citigroup Inc. lifted their price target on shares of PulteGroup from $23.00 to $26.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 26th. Finally, FBR & Co reiterated an “outperform” rating and set a $28.00 price target (up previously from $26.00) on shares of PulteGroup in a research note on Wednesday, July 26th. One analyst has rated the stock with a sell rating, ten have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $24.91.
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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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