Key Financial Inc Purchases Shares of 1,604 PulteGroup, Inc. $PHM

Key Financial Inc acquired a new position in PulteGroup, Inc. (NYSE:PHM) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 1,604 shares of the construction company’s stock, valued at approximately $169,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Reyes Financial Architecture Inc. increased its stake in PulteGroup by 42.1% in the first quarter. Reyes Financial Architecture Inc. now owns 770 shares of the construction company’s stock valued at $79,000 after acquiring an additional 228 shares during the period. Xponance Inc. lifted 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 buying an additional 10,867 shares during the period. Florida Financial Advisors LLC boosted its stake in PulteGroup by 30.5% in the 1st quarter. Florida Financial Advisors LLC now owns 4,832 shares of the construction company’s stock valued at $496,000 after buying an additional 1,129 shares in the last quarter. Edgestream Partners L.P. grew its position in PulteGroup by 2,687.0% in the first quarter. Edgestream Partners L.P. now owns 77,310 shares of the construction company’s stock valued at $7,947,000 after acquiring an additional 74,536 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in PulteGroup by 0.9% during the first quarter. Envestnet Asset Management Inc. now owns 315,927 shares of the construction company’s stock worth $32,477,000 after acquiring an additional 2,930 shares in the last quarter. 89.90% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

PulteGroup Trading Up 0.6%

Shares of NYSE:PHM opened at $119.51 on Wednesday. The firm has a market cap of $23.29 billion, a price-to-earnings ratio of 9.20, a PEG ratio of 0.95 and a beta of 1.29. PulteGroup, Inc. has a 12 month low of $88.07 and a 12 month high of $142.11. The company’s fifty day simple moving average is $128.96 and its 200 day simple moving average is $116.07. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.13.

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

PulteGroup Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Tuesday, September 16th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $0.88 annualized dividend and a yield of 0.7%. PulteGroup’s payout ratio is 6.77%.

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.