13,013 Shares in PulteGroup, Inc. $PHM Purchased by MOKAN Wealth Management Inc.

MOKAN Wealth Management Inc. bought a new position in shares of PulteGroup, Inc. (NYSE:PHM) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 13,013 shares of the construction company’s stock, valued at approximately $1,372,000.

Other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC raised its position in PulteGroup by 38.9% in the 1st quarter. GAMMA Investing LLC now owns 3,043 shares of the construction company’s stock valued at $313,000 after purchasing an additional 853 shares in the last quarter. Dynamic Advisor Solutions LLC acquired a new stake in PulteGroup in the 1st quarter valued at about $237,000. Optas LLC acquired a new stake in PulteGroup in the 1st quarter valued at about $320,000. Sowell Financial Services LLC acquired a new stake in PulteGroup in the 1st quarter valued at about $604,000. Finally, Sagespring Wealth Partners LLC raised its position in PulteGroup by 40.0% in the 1st quarter. Sagespring Wealth Partners LLC now owns 2,884 shares of the construction company’s stock valued at $296,000 after purchasing an additional 824 shares in the last quarter. Institutional investors and hedge funds own 89.90% of the company’s stock.

Analyst Ratings Changes

PHM has been the topic of a number of analyst reports. Oppenheimer increased their price target on PulteGroup from $132.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday, July 23rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of PulteGroup in a research report on Wednesday, October 8th. Wedbush reaffirmed an “outperform” rating and issued a $150.00 price target on shares of PulteGroup in a research report on Wednesday, August 13th. Royal Bank Of Canada increased their price objective on PulteGroup from $109.00 to $112.00 and gave the company a “sector perform” rating in a report on Wednesday, July 23rd. Finally, Zacks Research upgraded PulteGroup from a “strong sell” rating to a “hold” rating in a report on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $136.92.

PulteGroup Trading Down 1.2%

PHM opened at $119.92 on Monday. The firm has a market cap of $23.66 billion, a price-to-earnings ratio of 8.96, a price-to-earnings-growth ratio of 0.35 and a beta of 1.29. PulteGroup, Inc. has a 52 week low of $88.07 and a 52 week high of $149.47. The business’s 50 day moving average is $130.52 and its two-hundred day moving average is $113.04. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.13.

PulteGroup (NYSE:PHM) last released its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.03 EPS for the quarter, topping the consensus estimate of $2.92 by $0.11. The company had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.42 billion. PulteGroup had a return on equity of 21.01% and a net margin of 15.50%.The firm’s revenue was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.83 earnings per share. On average, research analysts predict that PulteGroup, Inc. will post 12.32 EPS for the current year.

PulteGroup Announces Dividend

The company 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 6.58%.

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.