KMG Fiduciary Partners LLC Sells 107 Shares of PulteGroup, Inc. $PHM

KMG Fiduciary Partners LLC trimmed its position in shares of PulteGroup, Inc. (NYSE:PHM) by 3.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,322 shares of the construction company’s stock after selling 107 shares during the period. KMG Fiduciary Partners LLC’s holdings in PulteGroup were worth $350,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of PHM. WPG Advisers LLC bought a new stake in shares of PulteGroup in the first quarter valued at about $25,000. Ameriflex Group Inc. bought a new stake in shares of PulteGroup in the fourth quarter valued at about $37,000. American National Bank & Trust bought a new stake in shares of PulteGroup in the first quarter valued at about $39,000. Catalyst Capital Advisors LLC bought a new stake in shares of PulteGroup in the first quarter valued at about $54,000. Finally, Quarry LP lifted its stake in shares of PulteGroup by 43.8% in the first quarter. Quarry LP now owns 571 shares of the construction company’s stock valued at $59,000 after buying an additional 174 shares during the period. 89.90% of the stock is currently owned by institutional investors.

PulteGroup Stock Performance

NYSE:PHM opened at $134.11 on Friday. PulteGroup, Inc. has a 12-month low of $88.07 and a 12-month high of $149.47. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $26.46 billion, a PE ratio of 10.02, a price-to-earnings-growth ratio of 0.39 and a beta of 1.27. The firm has a 50-day moving average price of $125.18 and a 200 day moving average price of $110.11.

PulteGroup (NYSE:PHM) last posted its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.92 by $0.11. The firm had revenue of $4.40 billion during the quarter, compared to analyst estimates of $4.42 billion. PulteGroup had a net margin of 15.50% and a return on equity of 21.01%. The company’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.83 earnings per share. 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 declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Tuesday, September 16th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.7%. PulteGroup’s dividend payout ratio (DPR) is currently 6.58%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Seaport Res Ptn upgraded shares of PulteGroup from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 22nd. Zacks Research upgraded shares of PulteGroup from a “strong sell” rating to a “hold” rating in a research note on Friday, August 29th. Wells Fargo & Company increased 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. Citigroup increased their target price on shares of PulteGroup from $128.00 to $132.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. increased their price target on shares of PulteGroup from $121.00 to $123.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $136.46.

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.