Johnson Investment Counsel Inc. Has $539,000 Stock Holdings in PulteGroup, Inc. $PHM

Johnson Investment Counsel Inc. cut its position in PulteGroup, Inc. (NYSE:PHM) by 20.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,114 shares of the construction company’s stock after selling 1,276 shares during the period. Johnson Investment Counsel Inc.’s holdings in PulteGroup were worth $539,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Cooper Financial Group raised its holdings in shares of PulteGroup by 1.4% in the 2nd quarter. Cooper Financial Group now owns 6,697 shares of the construction company’s stock worth $706,000 after purchasing an additional 92 shares during the period. Tocqueville Asset Management L.P. raised its holdings in shares of PulteGroup by 2.0% in 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. Hager Investment Management Services LLC raised its holdings in shares of PulteGroup by 33.3% in the 2nd quarter. Hager Investment Management Services LLC now owns 420 shares of the construction company’s stock worth $44,000 after purchasing an additional 105 shares during the period. Ballentine Partners LLC raised its holdings in shares of PulteGroup by 3.2% in the 2nd quarter. Ballentine Partners LLC now owns 3,630 shares of the construction company’s stock worth $383,000 after purchasing an additional 112 shares during the period. Finally, Golden State Wealth Management LLC raised its holdings in shares of PulteGroup by 15.9% in the 1st quarter. Golden State Wealth Management LLC now owns 909 shares of the construction company’s stock worth $93,000 after purchasing an additional 125 shares during the period. Institutional investors and hedge funds own 89.90% of the company’s stock.

PulteGroup Stock Down 0.1%

Shares of NYSE:PHM opened at $124.73 on Thursday. PulteGroup, Inc. has a 52-week low of $88.07 and a 52-week high of $149.47. The firm has a fifty day moving average of $130.70 and a 200 day moving average of $113.33. The firm has a market capitalization of $24.61 billion, a PE ratio of 9.32, a price-to-earnings-growth ratio of 0.37 and a beta of 1.29. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 0.77.

PulteGroup (NYSE:PHM) last announced its 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. PulteGroup had a net margin of 15.50% and a return on equity of 21.01%. 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 previous year, the business earned $3.83 earnings per share. The firm’s quarterly revenue was down 4.3% compared to the same quarter last year. As a group, research analysts anticipate that PulteGroup, Inc. will post 12.32 EPS for the current fiscal year.

PulteGroup Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Investors 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 payout ratio is 6.58%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on PHM shares. UBS Group lifted their price target on shares of PulteGroup from $141.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Evercore ISI set a $154.00 target price on shares of PulteGroup and gave the company an “in-line” rating in a report on Tuesday, October 7th. Weiss Ratings reissued a “hold (c+)” rating on shares of PulteGroup in a report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their target price on shares of PulteGroup from $121.00 to $123.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Finally, Oppenheimer boosted their target price on shares of PulteGroup from $132.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday, July 23rd. One research 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $136.92.

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.