Aberdeen Group plc Grows Position in PulteGroup, Inc. $PHM

Aberdeen Group plc increased its stake in PulteGroup, Inc. (NYSE:PHM) by 8.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 64,998 shares of the construction company’s stock after buying an additional 5,253 shares during the quarter. Aberdeen Group plc’s holdings in PulteGroup were worth $6,855,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. grew its position in shares of PulteGroup by 10.7% in the 2nd quarter. Blue Trust Inc. now owns 1,715 shares of the construction company’s stock worth $181,000 after acquiring an additional 166 shares in the last quarter. Callan Family Office LLC raised its stake in shares of PulteGroup by 96.4% in the 2nd quarter. Callan Family Office LLC now owns 4,415 shares of the construction company’s stock worth $466,000 after buying an additional 2,167 shares in the last quarter. Blair William & Co. IL raised its stake in shares of PulteGroup by 2.1% in the 2nd quarter. Blair William & Co. IL now owns 32,963 shares of the construction company’s stock worth $3,476,000 after buying an additional 663 shares in the last quarter. Tectonic Advisors LLC grew its holdings in shares of PulteGroup by 14.3% in the 2nd quarter. Tectonic Advisors LLC now owns 3,978 shares of the construction company’s stock worth $420,000 after acquiring an additional 498 shares during the last quarter. Finally, Hager Investment Management Services LLC grew its holdings in shares of PulteGroup by 33.3% in the 2nd quarter. Hager Investment Management Services LLC now owns 420 shares of the construction company’s stock worth $44,000 after acquiring an additional 105 shares during the last quarter. Institutional investors and hedge funds own 89.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on PHM. Royal Bank Of Canada lifted their price target on PulteGroup from $109.00 to $112.00 and gave the company a “sector perform” rating in a report on Wednesday, July 23rd. Oppenheimer boosted their price target on PulteGroup from $132.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 23rd. Raymond James Financial reaffirmed an “outperform” rating and issued a $140.00 price target (up previously from $115.00) on shares of PulteGroup in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. boosted their price objective on PulteGroup from $121.00 to $123.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Finally, Wedbush restated an “outperform” rating and set a $150.00 price target on shares of PulteGroup in a research note on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, PulteGroup currently has a consensus rating of “Moderate Buy” and an average price target of $136.92.

PulteGroup Price Performance

PHM stock opened at $123.79 on Friday. The stock has a 50-day moving average price of $130.76 and a two-hundred day moving average price of $113.47. The stock has a market cap of $24.42 billion, a PE ratio of 9.25, a price-to-earnings-growth ratio of 0.37 and a beta of 1.29. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13. 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 for the quarter, beating the consensus estimate of $2.92 by $0.11. The company had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.42 billion. PulteGroup had a return on equity of 21.01% and a net margin of 15.50%.PulteGroup’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter last year, the company earned $3.83 EPS. Equities analysts forecast that PulteGroup, Inc. will post 12.32 EPS for the current fiscal year.

PulteGroup Dividend Announcement

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

PulteGroup Company Profile

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.