Blue Trust Inc. Acquires 166 Shares of PulteGroup, Inc. $PHM

Blue Trust Inc. increased its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 10.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,715 shares of the construction company’s stock after acquiring an additional 166 shares during the period. Blue Trust Inc.’s holdings in PulteGroup were worth $181,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of PHM. GAMMA Investing LLC boosted its stake in PulteGroup by 38.9% during the first quarter. GAMMA Investing LLC now owns 3,043 shares of the construction company’s stock worth $313,000 after acquiring an additional 853 shares in the last quarter. Dynamic Advisor Solutions LLC bought a new position in shares of PulteGroup in the first quarter worth approximately $237,000. Sowell Financial Services LLC bought a new position in shares of PulteGroup in the first quarter worth approximately $604,000. Sagespring Wealth Partners LLC lifted its stake in shares of PulteGroup by 40.0% in the first quarter. Sagespring Wealth Partners LLC now owns 2,884 shares of the construction company’s stock worth $296,000 after buying an additional 824 shares in the last quarter. Finally, Grove Bank & Trust lifted its stake in shares of PulteGroup by 46.2% in the first quarter. Grove Bank & Trust now owns 760 shares of the construction company’s stock worth $78,000 after buying an additional 240 shares in the last quarter. Institutional investors own 89.90% of the company’s stock.

PulteGroup Stock Down 0.1%

Shares of PulteGroup stock opened at $124.73 on Thursday. The company has a market cap of $24.61 billion, a price-to-earnings ratio of 9.32, a price-to-earnings-growth ratio of 0.37 and a beta of 1.29. The company’s 50 day moving average is $130.70 and its 200 day moving average is $113.33. PulteGroup, Inc. has a twelve month low of $88.07 and a twelve 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.

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

PulteGroup Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Tuesday, September 16th were given a $0.22 dividend. The ex-dividend date was Tuesday, September 16th. This represents a $0.88 annualized dividend and a yield of 0.7%. PulteGroup’s dividend payout ratio (DPR) is presently 6.58%.

Analyst Ratings Changes

PHM has been the topic of several analyst reports. 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 upped their target price on shares of PulteGroup from $135.00 to $150.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 2nd. JPMorgan Chase & Co. upped their target price on shares of PulteGroup from $121.00 to $123.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. Finally, Citigroup upped their target price on shares of PulteGroup from $132.00 to $143.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, PulteGroup presently has an average rating of “Moderate Buy” and an average price target of $136.92.

PulteGroup 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.