PulteGroup, Inc. $PHM Shares Bought by Swedbank AB

Swedbank AB grew its position in PulteGroup, Inc. (NYSE:PHM) by 5.5% during the second quarter, Holdings Channel reports. The firm owned 590,327 shares of the construction company’s stock after acquiring an additional 30,990 shares during the period. Swedbank AB’s holdings in PulteGroup were worth $62,256,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Tocqueville Asset Management L.P. grew its position in PulteGroup by 2.0% during the 1st quarter. Tocqueville Asset Management L.P. now owns 5,062 shares of the construction company’s stock worth $520,000 after purchasing an additional 100 shares during the period. Golden State Wealth Management LLC grew its position in PulteGroup by 15.9% during the first quarter. Golden State Wealth Management LLC now owns 909 shares of the construction company’s stock valued at $93,000 after buying an additional 125 shares during the period. Signaturefd LLC increased its holdings in PulteGroup by 1.9% in the first quarter. Signaturefd LLC now owns 6,644 shares of the construction company’s stock valued at $683,000 after buying an additional 127 shares in the last quarter. McGlone Suttner Wealth Management Inc. raised its position in shares of PulteGroup by 6.3% in the first quarter. McGlone Suttner Wealth Management Inc. now owns 2,234 shares of the construction company’s stock worth $230,000 after acquiring an additional 133 shares during the period. Finally, Kathmere Capital Management LLC boosted its stake in shares of PulteGroup by 2.8% during the 1st quarter. Kathmere Capital Management LLC now owns 5,202 shares of the construction company’s stock worth $535,000 after acquiring an additional 140 shares in the last quarter. Institutional investors and hedge funds own 89.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Seaport Res Ptn raised PulteGroup from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 22nd. UBS Group upped 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. Raymond James Financial reissued an “outperform” rating and issued a $140.00 price target (up previously from $115.00) on shares of PulteGroup in a research note on Wednesday, July 23rd. Wedbush reissued an “outperform” rating and issued a $150.00 price target on shares of PulteGroup in a report on Wednesday, August 13th. Finally, Citigroup increased their price objective on shares of PulteGroup from $128.00 to $132.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $136.46.

PulteGroup Trading Up 0.0%

PHM opened at $134.11 on Friday. The firm has a market capitalization of $26.46 billion, a price-to-earnings ratio of 10.02, a price-to-earnings-growth ratio of 0.39 and a beta of 1.27. The company’s 50 day simple moving average is $125.18 and its two-hundred day simple moving average is $110.11. PulteGroup, Inc. has a 1-year low of $88.07 and a 1-year high of $149.47. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.77 and a quick ratio of 0.77.

PulteGroup (NYSE:PHM) last posted its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.03 EPS for the quarter, beating the consensus estimate of $2.92 by $0.11. The firm had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.42 billion. PulteGroup had a return on equity of 21.01% and a net margin of 15.50%.The business’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same quarter last year, the firm earned $3.83 earnings per share. Analysts expect that PulteGroup, Inc. will post 12.32 EPS for the current fiscal year.

PulteGroup Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Tuesday, September 16th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $0.88 annualized dividend and a dividend yield of 0.7%. PulteGroup’s payout ratio is presently 6.58%.

About PulteGroup

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.