Vanguard Group Inc. boosted its position in PulteGroup Inc. (NYSE:PHM) by 1.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,400,716 shares of the company’s stock after buying an additional 472,789 shares during the period. Vanguard Group Inc. owned approximately 7.97% of PulteGroup worth $534,039,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new stake in PulteGroup during the fourth quarter worth $50,019,000. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in PulteGroup by 13.3% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 72,797 shares of the company’s stock worth $1,362,000 after buying an additional 8,550 shares during the period. Aperio Group LLC raised its stake in PulteGroup by 15.6% in the first quarter. Aperio Group LLC now owns 126,421 shares of the company’s stock worth $2,365,000 after buying an additional 17,063 shares during the period. IFP Advisors Inc raised its stake in PulteGroup by 69.4% in the first quarter. IFP Advisors Inc now owns 5,507 shares of the company’s stock worth $103,000 after buying an additional 2,257 shares during the period. Finally, Ngam Advisors L.P. purchased a new stake in PulteGroup during the first quarter worth $2,734,000. 89.08% of the stock is currently owned by institutional investors and hedge funds.
PulteGroup Inc. (NYSE:PHM) opened at 20.04 on Friday. PulteGroup Inc. has a one year low of $14.61 and a one year high of $22.40. The company has a market capitalization of $6.89 billion, a price-to-earnings ratio of 13.19 and a beta of 1.59. The firm has a 50-day moving average of $20.60 and a 200 day moving average of $19.52.
PulteGroup (NYSE:PHM) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.02. The firm had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.66 billion. PulteGroup had a net margin of 7.89% and a return on equity of 11.24%. The company’s revenue for the quarter was up 40.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.28 earnings per share. Equities research analysts predict that PulteGroup Inc. will post $1.61 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 4th. Investors of record on Tuesday, September 20th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend is Friday, September 16th. PulteGroup’s dividend payout ratio is presently 23.68%.
PHM has been the topic of a number of analyst reports. Deutsche Bank AG reaffirmed a “hold” rating on shares of PulteGroup in a report on Wednesday, June 8th. MKM Partners reaffirmed a “hold” rating on shares of PulteGroup in a report on Wednesday, June 8th. Credit Suisse Group AG reaffirmed a “sell” rating on shares of PulteGroup in a report on Tuesday, June 28th. TheStreet raised shares of PulteGroup from a “hold” rating to a “buy” rating in a research note on Tuesday, June 28th. Finally, FBR & Co boosted their price target on shares of PulteGroup from $20.00 to $24.00 and gave the stock a “market perform” rating in a research note on Friday, July 22nd. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of C$20.13.
In related news, CEO Richard J. Dugas, Jr. sold 243,115 shares of the business’s stock in a transaction on Monday, July 25th. The shares were sold at an average price of C$21.96, for a total value of C$5,338,805.40. Following the sale, the chief executive officer now owns 1,441,759 shares in the company, valued at C$31,661,027.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Harmon D. Smith sold 53,582 shares of the business’s stock in a transaction on Tuesday, July 26th. The stock was sold at an average price of C$22.05, for a total transaction of C$1,181,483.10. Following the completion of the sale, the chief operating officer now owns 313,628 shares in the company, valued at approximately C$6,915,497.40. The disclosure for this sale can be found here. 1.83% of the stock is currently owned by corporate insiders.
PulteGroup Company Profile
PulteGroup, Inc is a homebuilder operating in the United States. The Company, through Pulte Mortgage LLC, is engaged in mortgage banking operations and title operations. The Company’s subsidiaries are also engaged in the homebuilding business. The Company operates through Homebuilding and Financial Services segments.
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