Hudson Capital Management LLC Increases Stock Holdings in PulteGroup, Inc. $PHM

Hudson Capital Management LLC raised its position in PulteGroup, Inc. (NYSE:PHM) by 3.5% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 42,762 shares of the construction company’s stock after purchasing an additional 1,457 shares during the period. Hudson Capital Management LLC’s holdings in PulteGroup were worth $4,510,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. WPG Advisers LLC purchased a new position in PulteGroup in the 1st quarter valued at $25,000. Hager Investment Management Services LLC lifted its holdings in PulteGroup by 33.3% in the 2nd quarter. Hager Investment Management Services LLC now owns 420 shares of the construction company’s stock valued at $44,000 after purchasing an additional 105 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new position in PulteGroup in the 1st quarter valued at $54,000. REAP Financial Group LLC lifted its holdings in PulteGroup by 188.1% in the 2nd quarter. REAP Financial Group LLC now owns 533 shares of the construction company’s stock valued at $56,000 after purchasing an additional 348 shares in the last quarter. Finally, Quarry LP lifted its holdings in PulteGroup by 43.8% in the 1st quarter. Quarry LP now owns 571 shares of the construction company’s stock valued at $59,000 after purchasing an additional 174 shares in the last quarter. Hedge funds and other institutional investors own 89.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on PHM. Wells Fargo & Company raised their price objective on PulteGroup from $135.00 to $150.00 and gave the company an “overweight” rating in a report on Tuesday, September 2nd. UBS Group raised their target price on PulteGroup from $141.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Oppenheimer raised their target price on PulteGroup from $132.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 23rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of PulteGroup in a research note on Wednesday, October 8th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $150.00 target price 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 issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $136.92.

PulteGroup Stock Up 0.1%

Shares of NYSE:PHM opened at $120.21 on Tuesday. The business has a 50-day moving average price of $130.53 and a 200 day moving average price of $113.17. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $23.72 billion, a price-to-earnings ratio of 8.98, a PEG ratio of 0.35 and a beta of 1.29. PulteGroup, Inc. has a 12-month low of $88.07 and a 12-month high of $149.47.

PulteGroup (NYSE:PHM) last issued 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. PulteGroup had a return on equity of 21.01% and a net margin of 15.50%.The firm had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.42 billion. During the same period last year, the company earned $3.83 EPS. The company’s quarterly revenue was down 4.3% on a year-over-year basis. Sell-side analysts expect that PulteGroup, Inc. will post 12.32 EPS for the current year.

PulteGroup Dividend Announcement

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

PulteGroup 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.