Signal Advisors Wealth LLC Buys 6,082 Shares of PulteGroup, Inc. $PHM

Signal Advisors Wealth LLC raised its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 194.6% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 9,208 shares of the construction company’s stock after purchasing an additional 6,082 shares during the period. Signal Advisors Wealth LLC’s holdings in PulteGroup were worth $971,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Merit Financial Group LLC grew its holdings in PulteGroup by 20.5% during the first quarter. Merit Financial Group LLC now owns 15,388 shares of the construction company’s stock valued at $1,582,000 after purchasing an additional 2,613 shares during the period. Vest Financial LLC grew its holdings in PulteGroup by 1,311.3% during the first quarter. Vest Financial LLC now owns 312,723 shares of the construction company’s stock valued at $32,148,000 after purchasing an additional 290,564 shares during the period. Hudson Capital Management LLC grew its holdings in PulteGroup by 8.6% during the first quarter. Hudson Capital Management LLC now owns 41,305 shares of the construction company’s stock valued at $4,246,000 after purchasing an additional 3,266 shares during the period. NBC Securities Inc. grew its holdings in PulteGroup by 103,800.0% during the first quarter. NBC Securities Inc. now owns 5,195 shares of the construction company’s stock valued at $534,000 after purchasing an additional 5,190 shares during the period. Finally, Reyes Financial Architecture Inc. grew its holdings in PulteGroup by 42.1% during the first quarter. Reyes Financial Architecture Inc. now owns 770 shares of the construction company’s stock valued at $79,000 after purchasing an additional 228 shares during the period. Institutional investors own 89.90% of the company’s stock.

PulteGroup Price Performance

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

PulteGroup (NYSE:PHM) last announced its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.03 EPS for the quarter, beating 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 company had revenue of $4.40 billion during the quarter, compared to analyst estimates of $4.42 billion. During the same period in the prior year, the company earned $3.83 earnings per share. The firm’s revenue was down 4.3% on a year-over-year basis. On average, research analysts expect that PulteGroup, Inc. will post 12.32 EPS for the current fiscal year.

PulteGroup Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Oppenheimer upped their price objective on PulteGroup from $132.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 23rd. Seaport Res Ptn raised PulteGroup from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 22nd. Royal Bank Of Canada upped their price objective on PulteGroup from $109.00 to $112.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 23rd. Raymond James Financial reaffirmed an “outperform” rating and issued a $140.00 price objective (up previously from $115.00) on shares of PulteGroup in a research note on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. upped their price objective on PulteGroup from $121.00 to $123.00 and gave the stock an “overweight” rating in a research note 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 assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target 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.