Xact Kapitalforvaltning AB boosted its stake in PulteGroup, Inc. (NYSE:PHM) by 5.7% during the second quarter, Holdings Channel reports. The fund owned 53,883 shares of the construction company’s stock after buying an additional 2,888 shares during the period. Xact Kapitalforvaltning AB’s holdings in PulteGroup were worth $1,322,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Hartwell J M Limited Partnership purchased a new stake in PulteGroup during the first quarter valued at about $516,000. Commerce Bank purchased a new stake in PulteGroup during the first quarter valued at about $207,000. First Trust Advisors LP boosted its stake in PulteGroup by 30.0% in the first quarter. First Trust Advisors LP now owns 1,264,856 shares of the construction company’s stock valued at $29,787,000 after buying an additional 291,555 shares during the last quarter. LS Investment Advisors LLC boosted its stake in PulteGroup by 5.5% in the first quarter. LS Investment Advisors LLC now owns 15,663 shares of the construction company’s stock valued at $369,000 after buying an additional 819 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in PulteGroup during the first quarter valued at about $92,466,000. Institutional investors own 87.54% of the company’s stock.
Shares of PulteGroup, Inc. (NYSE:PHM) opened at 24.36 on Monday. PulteGroup, Inc. has a 12 month low of $17.69 and a 12 month high of $25.20. The stock has a market cap of $7.69 billion, a price-to-earnings ratio of 13.45 and a beta of 1.14. The firm has a 50-day moving average price of $23.49 and a 200-day moving average price of $22.07.
PulteGroup (NYSE:PHM) last issued its earnings results on Tuesday, April 25th. The construction company reported $0.31 EPS for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.02. PulteGroup had a net margin of 7.77% and a return on equity of 12.74%. The business had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter last year, the firm posted $0.24 EPS. The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. Equities analysts expect that PulteGroup, Inc. will post $2.23 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 5th. Investors of record on Thursday, June 8th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend was Tuesday, June 6th. PulteGroup’s dividend payout ratio (DPR) is 19.78%.
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PHM has been the topic of several research analyst reports. Zacks Investment Research upgraded PulteGroup from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a report on Tuesday, July 4th. Wedbush restated an “underperform” rating and set a $15.00 target price on shares of PulteGroup in a report on Tuesday, April 25th. Mizuho initiated coverage on PulteGroup in a report on Tuesday, May 16th. They set a “neutral” rating and a $22.00 target price on the stock. BidaskClub cut PulteGroup from a “strong-buy” rating to a “buy” rating in a report on Thursday. Finally, Barclays PLC cut PulteGroup from an “overweight” rating to an “equal weight” rating and set a $24.00 target price on the stock. in a report on Tuesday, July 11th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $24.83.
In related news, Director Brian P. Anderson sold 14,000 shares of PulteGroup stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $23.18, for a total transaction of $324,520.00. Following the sale, the director now owns 108,744 shares of the company’s stock, valued at approximately $2,520,685.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.71% of the company’s stock.
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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