First Eagle Investment Management LLC Has $227,000 Stake in PulteGroup, Inc. $PHM

First Eagle Investment Management LLC increased its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 33.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,150 shares of the construction company’s stock after buying an additional 536 shares during the quarter. First Eagle Investment Management LLC’s holdings in PulteGroup were worth $227,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. increased its position in shares of PulteGroup by 0.9% in the first quarter. Envestnet Asset Management Inc. now owns 315,927 shares of the construction company’s stock worth $32,477,000 after purchasing an additional 2,930 shares during the period. Leavell Investment Management Inc. grew its stake in PulteGroup by 17.4% during the first quarter. Leavell Investment Management Inc. now owns 2,158 shares of the construction company’s stock worth $222,000 after buying an additional 320 shares in the last quarter. Xponance Inc. boosted its position in shares of PulteGroup by 38.6% during the 1st quarter. Xponance Inc. now owns 38,993 shares of the construction company’s stock worth $4,008,000 after acquiring an additional 10,867 shares in the last quarter. Kathmere Capital Management LLC increased its stake in shares of PulteGroup by 2.8% in the 1st quarter. Kathmere Capital Management LLC now owns 5,202 shares of the construction company’s stock valued at $535,000 after purchasing an additional 140 shares during the last quarter. Finally, New York State Common Retirement Fund raised its holdings in shares of PulteGroup by 1.7% during the 1st quarter. New York State Common Retirement Fund now owns 122,223 shares of the construction company’s stock worth $12,565,000 after buying an additional 2,000 shares in the last quarter. 89.90% of the stock is owned by institutional investors and hedge funds.

PulteGroup Stock Performance

Shares of PulteGroup stock opened at $119.52 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.81 and a quick ratio of 0.81. PulteGroup, Inc. has a one year low of $88.07 and a one year high of $142.11. The business has a 50-day simple moving average of $128.22 and a 200 day simple moving average of $116.51. The firm has a market capitalization of $23.30 billion, a price-to-earnings ratio of 9.20, a PEG ratio of 0.95 and a beta of 1.25.

PulteGroup (NYSE:PHM) last posted its quarterly earnings results on Tuesday, October 21st. The construction company reported $2.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.86 by $0.10. PulteGroup had a net margin of 14.93% and a return on equity of 19.58%. The business had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.31 billion. During the same quarter last year, the firm posted $3.35 EPS. PulteGroup’s revenue was down 1.6% compared to the same quarter last year. On average, research analysts anticipate that PulteGroup, Inc. will post 12.32 earnings per share for the current fiscal year.

PulteGroup Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Tuesday, September 16th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Tuesday, September 16th. PulteGroup’s dividend payout ratio (DPR) is currently 6.77%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on PHM shares. Evercore ISI reduced their price objective on PulteGroup from $154.00 to $134.00 and set an “in-line” rating on the stock in a research note on Wednesday, October 22nd. Wedbush restated an “outperform” rating and issued a $150.00 price target on shares of PulteGroup in a research note on Tuesday, October 21st. Wells Fargo & Company lifted their price target on shares of PulteGroup from $135.00 to $150.00 and gave the company an “overweight” rating in a report on Tuesday, September 2nd. Bank of America dropped their price objective on shares of PulteGroup from $145.00 to $140.00 and set a “buy” rating for the company in a research note on Friday, October 10th. Finally, Oppenheimer boosted their target price on shares of PulteGroup from $132.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, PulteGroup has an average rating of “Moderate Buy” and a consensus price target of $133.67.

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.