Blair William & Co. IL Purchases 663 Shares of PulteGroup, Inc. $PHM

Blair William & Co. IL lifted its position in PulteGroup, Inc. (NYSE:PHM) by 2.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 32,963 shares of the construction company’s stock after buying an additional 663 shares during the period. Blair William & Co. IL’s holdings in PulteGroup were worth $3,476,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PHM. GAMMA Investing LLC lifted its stake in shares of PulteGroup by 38.9% in the first quarter. GAMMA Investing LLC now owns 3,043 shares of the construction company’s stock worth $313,000 after buying an additional 853 shares in the last quarter. Dynamic Advisor Solutions LLC bought a new position in shares of PulteGroup in the first quarter worth approximately $237,000. Optas LLC bought a new position in shares of PulteGroup in the first quarter worth approximately $320,000. Sowell Financial Services LLC bought a new position in PulteGroup during the first quarter valued at approximately $604,000. Finally, Sagespring Wealth Partners LLC lifted its position in PulteGroup by 40.0% during the first quarter. Sagespring Wealth Partners LLC now owns 2,884 shares of the construction company’s stock valued at $296,000 after purchasing an additional 824 shares during the period. Institutional investors own 89.90% of the company’s stock.

Analyst Upgrades and Downgrades

PHM has been the topic of a number of research analyst reports. Seaport Res Ptn upgraded shares of PulteGroup from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 22nd. Wedbush restated an “outperform” rating and set a $150.00 price objective on shares of PulteGroup in a research report on Wednesday, August 13th. Citigroup increased their price objective on shares of PulteGroup from $132.00 to $143.00 and gave the company a “neutral” rating in a research report on Wednesday, October 1st. Bank of America lowered their price objective on shares of PulteGroup from $145.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday. Finally, JPMorgan Chase & Co. increased their price objective on shares of PulteGroup from $121.00 to $123.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $136.92.

PulteGroup Stock Performance

Shares of NYSE PHM opened at $120.21 on Tuesday. The firm has a fifty day moving average price of $130.53 and a 200-day moving average price of $113.17. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.77 and a quick ratio of 0.77. The stock has a market cap of $23.72 billion, a PE ratio of 8.98, a price-to-earnings-growth ratio of 0.35 and a beta of 1.29. PulteGroup, Inc. has a 1 year low of $88.07 and a 1 year high of $149.47.

PulteGroup (NYSE:PHM) last announced its quarterly earnings data on Tuesday, July 22nd. The construction company reported $3.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.92 by $0.11. The firm had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.42 billion. PulteGroup had a net margin of 15.50% and a return on equity of 21.01%. The company’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same period in the prior year, the company posted $3.83 earnings per share. Equities analysts anticipate that PulteGroup, Inc. will post 12.32 earnings per share for the current fiscal year.

PulteGroup Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Tuesday, September 16th were paid a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.7%. PulteGroup’s dividend payout ratio is 6.58%.

About PulteGroup

PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. It acquires and develops land primarily for residential purposes; and constructs housing on such land. The company also offers various home designs, including single-family detached, townhomes, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, John Wieland Homes and Neighborhoods, and American West brand names.