Robeco Institutional Asset Management B.V. cut its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 0.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,710 shares of the construction company’s stock after selling 103 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in PulteGroup were worth $779,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PHM. Hartwell J M Limited Partnership lifted its stake in shares of PulteGroup by 4.3% in the 2nd quarter. Hartwell J M Limited Partnership now owns 22,850 shares of the construction company’s stock valued at $561,000 after purchasing an additional 950 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new position in shares of PulteGroup in the 2nd quarter valued at $2,631,000. Commerce Bank acquired a new position in shares of PulteGroup in the 1st quarter valued at $207,000. Bank of Montreal Can lifted its stake in shares of PulteGroup by 129.1% in the 2nd quarter. Bank of Montreal Can now owns 669,271 shares of the construction company’s stock valued at $16,417,000 after purchasing an additional 377,181 shares during the period. Finally, LS Investment Advisors LLC lifted its stake in shares of PulteGroup by 5.5% in the 1st quarter. LS Investment Advisors LLC now owns 15,663 shares of the construction company’s stock valued at $369,000 after purchasing an additional 819 shares during the period. Institutional investors and hedge funds own 85.80% of the company’s stock.
Shares of PulteGroup, Inc. (PHM) opened at 26.29 on Friday. PulteGroup, Inc. has a one year low of $17.69 and a one year high of $26.64. The stock’s 50 day moving average price is $25.45 and its 200-day moving average price is $23.99. The company has a market cap of $7.93 billion, a PE ratio of 14.55 and a beta of 1.08.
PulteGroup (NYSE:PHM) last issued its earnings results on Tuesday, July 25th. The construction company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.02. PulteGroup had a net margin of 7.35% and a return on equity of 13.43%. The business had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same period in the previous year, the company earned $0.37 earnings per share. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. On average, analysts expect that PulteGroup, Inc. will post $2.09 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Tuesday, September 19th will be issued a dividend of $0.09 per share. The ex-dividend date is Monday, September 18th. This represents a $0.36 annualized dividend and a dividend yield of 1.37%. PulteGroup’s payout ratio is 20.00%.
Several brokerages recently commented on PHM. BidaskClub raised PulteGroup from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 17th. Zacks Investment Research downgraded PulteGroup from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Wedbush reissued a “neutral” rating and issued a $22.00 price target on shares of PulteGroup in a research note on Tuesday, July 25th. UBS AG downgraded PulteGroup from a “positive” rating to a “neutral” rating in a research note on Wednesday, July 26th. Finally, FBR & Co reissued an “outperform” rating and issued a $28.00 price target (up previously from $26.00) on shares of PulteGroup in a research note on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. PulteGroup currently has an average rating of “Hold” and an average target price of $24.92.
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PulteGroup, Inc is a homebuilder in the United States. The Company’s segments include Homebuilding and Financial Services. Its Homebuilding operations are engaged in the acquisition and development of land primarily for residential purposes within the United States and the construction of housing on such land.
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